CHIPPACKING(SH:688216)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥158,184,195.05, representing a year-on-year increase of 31.36%[6] - The net profit attributable to shareholders for Q3 2023 was -¥31,687,265.86, with a year-to-date net profit of -¥101,116,515.63, indicating a significant loss[6] - Basic and diluted earnings per share for Q3 2023 were both -¥0.30, reflecting a decline from -¥0.96 year-to-date[7] - The company's Q3 2023 revenue increased by 31.36% year-over-year, but it remains in a loss position due to underutilization of capacity and declining testing prices[15] - Net loss for Q3 2023 was CNY 101,140,466.02, compared to a net loss of CNY 23,768,564.08 in Q3 2022, indicating a significant increase in losses[23] - The total comprehensive income attributable to the parent company for Q3 2023 was -101,115,020.01 RMB, compared to -23,768,139.51 RMB in Q3 2022, indicating a significant decline[24] - Basic and diluted earnings per share for Q3 2023 were both -0.96 RMB, down from -0.22 RMB in the same period last year[24] Cash Flow and Liquidity - The cash flow from operating activities for Q3 2023 was ¥804,190.84, showing an improvement compared to a negative cash flow of -¥293,474.26 year-to-date[7] - As of September 30, 2023, the company's cash and cash equivalents amounted to ¥54,753,475.63, a decrease from ¥153,151,686.79 at the end of 2022[17] - The ending balance of cash and cash equivalents as of Q3 2023 was 28,377,934.03 RMB, down from 58,846,852.60 RMB at the end of Q3 2022[28] - Cash inflows from operating activities for the first three quarters of 2023 totaled 382,335,467.19 RMB, a decrease of 19.1% from 472,506,722.46 RMB in the first three quarters of 2022[26] - Cash outflows from operating activities for the first three quarters of 2023 were 382,628,941.45 RMB, down from 522,710,573.04 RMB in the same period last year, resulting in a net cash flow from operating activities of -293,474.26 RMB[27] - Cash inflows from investment activities in the first three quarters of 2023 were 30,260,080.95 RMB, a decrease of 93.3% compared to 451,197,167.32 RMB in the previous year[27] - Cash outflows from investment activities for the first three quarters of 2023 were 239,923,707.09 RMB, down from 498,590,172.69 RMB in the same period last year, leading to a net cash flow from investment activities of -209,663,626.14 RMB[27] - The net cash flow from financing activities for the first three quarters of 2023 was 129,804,702.68 RMB, compared to 62,945,344.27 RMB in the previous year, indicating improved financing conditions[27] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥1,865,923,126.74, an increase of 4.35% compared to the end of the previous year[7] - The company's total assets reached CNY 1,865,923,126.74, up from CNY 1,788,057,195.41 in the previous year, marking an increase of approximately 4.3%[19] - Non-current liabilities totaled CNY 317,055,149.73, compared to CNY 186,107,898.22 in the previous year, representing an increase of about 70.5%[19] - The total liabilities of the company amounted to CNY 1,091,461,266.57, compared to CNY 898,270,683.17 in the previous year, an increase of about 21.5%[19] - The company's equity attributable to shareholders decreased to CNY 774,188,914.10 from CNY 889,489,615.78, a decline of approximately 12.9%[19] Shareholder Information - The company reported a total of 7,505 common shareholders at the end of the reporting period[11] - The top shareholder, Liang Dazhong, holds 51,150,000 shares, representing 48.13% of the total shares[12] - The top ten shareholders collectively hold 58.29% of the company's shares, indicating concentrated ownership[14] Research and Development - Research and development expenses for Q3 2023 amounted to ¥11,739,634.93, accounting for 7.42% of operating revenue, a decrease of 2.35 percentage points year-on-year[7] - Research and development expenses for Q3 2023 were CNY 34,432,149.66, down from CNY 39,883,265.88 in Q3 2022, indicating a reduction of about 13.5%[22] Market Conditions and Future Outlook - The semiconductor industry is experiencing a slow recovery, which may impact the company's future performance and profitability[15] - The company is actively monitoring market conditions and potential risks associated with ongoing industry challenges[15] - Future guidance remains uncertain due to the potential for continued losses if the semiconductor market does not improve[15] Operational Costs - Operating costs increased to CNY 543,282,315.91 in Q3 2023, up from CNY 451,036,186.10 in Q3 2022, reflecting a rise of about 20.5%[22] - The company experienced increased costs in fixed asset depreciation, labor, and electricity, contributing to the net loss reported[10]