ASR(SH:688220)2023-10-27 16:00Revenue and Sales Performance - Revenue for the third quarter increased by 56.57% year-over-year to RMB 787.28 million, driven by a significant increase in chip product sales[4] - Operating income for the first three quarters of 2023 was 1,844,093,836.04 RMB, up from 1,583,028,652.93 RMB in 2022[18] - Cash received from sales of goods and services in the first three quarters of 2023 was 1,795,890,155.08 RMB, a 3.35% increase from 1,737,770,538.92 RMB in the same period of 2022[23] Net Loss and Profitability - Net loss attributable to shareholders for the third quarter was RMB 90.35 million, with a cumulative net loss of RMB 426.32 million for the first three quarters[4] - Net profit for the first three quarters of 2023 was -426,324,865.71 RMB, compared to -186,083,906.06 RMB in 2022[20] - Total comprehensive income for the first three quarters of 2023 was -398,196,141.06 RMB, compared to -132,903,313.59 RMB in 2022[21] - The weighted average return on equity (ROE) for the third quarter was -1.34%, a decrease of 0.05 percentage points year-over-year[5] - The company's basic and diluted earnings per share for the first three quarters were both RMB -1.03, a decrease of RMB 0.58 per share compared to the same period last year[9] - Basic earnings per share for Q3 2023 were -1.03 RMB, compared to -0.45 RMB in the previous period[22] - Diluted earnings per share for Q3 2023 were -1.03 RMB, compared to -0.45 RMB in the previous period[22] R&D Investment and Expenses - R&D investment for the third quarter was RMB 258.28 million, accounting for 32.81% of revenue, a decrease of 20.07 percentage points year-over-year[5] - R&D expenses increased to 851,426,456.92 RMB from 742,106,384.25 RMB[20] Assets and Liabilities - Total assets decreased by 10.55% compared to the end of the previous year, amounting to RMB 7.44 billion[5] - Total current assets as of September 30, 2023, amounted to 6,567,008,180.09 RMB, compared to 7,670,084,762.51 RMB at the end of 2022[15] - Total assets decreased to 7,444,530,279.40 RMB from 8,323,015,546.68 RMB[16] - Total liabilities increased to 963,559,805.20 RMB from 850,827,406.21 RMB[17] - Total equity decreased to 6,480,970,474.20 RMB from 7,472,188,140.47 RMB[17] Cash Flow and Financial Activities - The company's operating cash flow for the first three quarters was negative RMB 630.77 million, primarily due to increased inventory purchases[9] - Net cash flow from operating activities for the first three quarters of 2023 was -630,774,753.19 RMB, compared to -206,934,931.25 RMB in the same period of 2022[23] - Cash received from investments in Q3 2023 was 14,215,000,000.00 RMB, up from 12,070,000,000.00 RMB in the previous period[24] - Net cash flow from investing activities in Q3 2023 was 1,386,213,760.84 RMB, a significant improvement from -4,780,466,896.95 RMB in the previous period[24] - Net cash flow from financing activities in Q3 2023 was -617,130,400.49 RMB, compared to 6,092,405,658.35 RMB in the previous period[24] - The ending balance of cash and cash equivalents as of Q3 2023 was 2,224,840,832.52 RMB, up from 1,658,645,158.54 RMB in the previous period[24] Government Subsidies - Government subsidies received during the third quarter amounted to RMB 4.93 million, with a cumulative total of RMB 16.54 million for the first three quarters[6] Asset Composition and Changes - Monetary funds increased to 2,228,436,209.12 RMB as of September 30, 2023, from 2,077,726,480.65 RMB at the end of 2022[15] - Accounts receivable rose to 395,292,671.21 RMB as of September 30, 2023, up from 216,705,408.25 RMB at the end of 2022[15] - Inventory increased to 1,401,204,400.73 RMB as of September 30, 2023, compared to 1,183,320,194.23 RMB at the end of 2022[15] - Long-term equity investments stood at 100,000,000.00 RMB as of September 30, 2023, with no comparable figure at the end of 2022[15] - Fixed assets decreased slightly to 127,355,354.57 RMB as of September 30, 2023, from 129,189,023.30 RMB at the end of 2022[15] - Intangible assets declined to 274,222,680.52 RMB as of September 30, 2023, from 314,676,560.27 RMB at the end of 2022[15] - Other non-current financial assets increased significantly to 236,450,400.00 RMB as of September 30, 2023, from 68,020,700.00 RMB at the end of 2022[15] - Total non-current assets as of September 30, 2023, included 30,099,883.56 RMB in other equity instrument investments, up from 22,911,455.40 RMB at the end of 2022[15] - The company reported no significant changes in goodwill, which remained at 17,105,035.02 RMB as of September 30, 2023[15] - Other non-current assets increased to 20,373,011.23 RMB from 26,764,721.01 RMB[16] - Contract liabilities increased to 217,876,973.84 RMB from 192,363,288.16 RMB[16] Financial Expenses - Financial expenses were -42,724,731.12 RMB, compared to -45,402,232.29 RMB in 2022[20]