C*Core Technology(SH:688262)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥154,659,397.56, representing a 36.66% increase compared to the same period last year[5]. - The net profit attributable to shareholders was -¥21,872,355.37, a decrease of 161.42% year-on-year[5]. - The average gross margin for the reporting period was 23.76%, down 28.15 percentage points from 51.91% in the same period last year[10]. - The company's net profit attributable to shareholders, excluding non-recurring gains and losses, was -319.55 million RMB for the current reporting period, reflecting a significant decline due to increased expenses in sales, management, and R&D[11]. - The net profit for the first three quarters of 2023 was a loss of ¥59,222,097.60, compared to a profit of ¥96,647,643.39 in the same period of 2022[22]. - The net profit attributable to the parent company for Q3 2023 was -¥59,222,097.60, compared to a profit of ¥96,647,643.39 in Q3 2022, indicating a significant decline[23]. - The company reported a total comprehensive income of -¥59,222,097.60 for Q3 2023, compared to ¥96,647,643.39 in Q3 2022[23]. Research and Development - The R&D expenditure totaled ¥67,462,986.90, an increase of 111.72% compared to the same quarter last year, accounting for 43.62% of revenue[6]. - R&D expenses for the current reporting period reached 177.53 million RMB, a substantial increase of 99.24% compared to the same period last year, driven by the expansion of the R&D team[11]. - Research and development expenses for the first three quarters of 2023 amounted to ¥177,529,218.72, a significant increase of 99.36% compared to ¥89,104,494.63 in the same period of 2022[22]. - The company continues to enhance its core competitiveness in automotive electronic chips and high-reliability storage control chips, indicating a focus on innovation and market expansion[11]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date was -¥140,458,457.05[5]. - Cash inflow from operating activities for the first nine months of 2023 was ¥743,652,874.23, an increase of 50.7% from ¥493,793,517.34 in the same period of 2022[25]. - Cash outflow from operating activities for the first nine months of 2023 totaled ¥884,111,331.28, compared to ¥554,225,053.24 in the previous year, resulting in a net cash flow from operating activities of -¥140,458,457.05[26]. - The total assets at the end of the reporting period were ¥3,018,021,744.13, a decrease of 1.00% from the end of the previous year[6]. - Current assets decreased to ¥2,562,245,438.48 from ¥2,722,632,328.04 at the end of 2022, reflecting a decline of 5.88%[19]. - The company's cash and cash equivalents decreased to ¥636,399,144.10 from ¥1,214,524,614.03 at the end of 2022, a decline of 47.60%[19]. - The total liabilities increased to ¥452,558,987.87 from ¥227,634,654.32 at the end of 2022, indicating a significant rise of 98.73%[19]. - The company's equity attributable to shareholders decreased to ¥2,565,462,756.26 from ¥2,820,977,488.09 at the end of 2022, a decline of 9.05%[19]. - The company reported a significant increase in contract liabilities, rising to ¥302,650,678.78 from ¥94,159,860.67, reflecting a growth of 221.73%[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,463, indicating a broad shareholder base[14]. - The top shareholder, Ningbo Qiyue Equity Investment Fund, held 29,896,493 shares, accounting for 8.90% of total shares[15]. Operating Costs - Total operating costs for the first three quarters of 2023 were ¥518,868,637.54, up 86.38% from ¥278,486,953.04 in the first three quarters of 2022[21]. - Sales expenses amounted to 31.30 million RMB, representing a 41.49% increase year-over-year, while management expenses rose to 35.55 million RMB, up 41.18% from the previous year[11]. - The average gross margin of business revenue decreased significantly, impacting overall profitability, with investment income dropping by 53.46% to 13.59 million RMB compared to the same period last year[11]. Earnings Per Share - The basic earnings per share for the current reporting period was -163.64 RMB, primarily due to a decrease in net profit and an increase in the total number of shares[11]. - Basic and diluted earnings per share for Q3 2023 were both -¥0.18, down from ¥0.29 in the same period last year[24]. - The diluted earnings per share for the year-to-date period was -162.07 RMB, consistent with the trends observed in net profit and share count increases[11]. Other Financial Metrics - The weighted average return on equity was -0.84%, a decrease of 2.10 percentage points year-on-year[6]. - The company reported a decrease in non-operating income to 0.38 million RMB, down from 11.66 million RMB in the same period last year, highlighting challenges in generating additional revenue streams[11]. - The ending cash and cash equivalents balance as of September 30, 2023, was ¥622,169,144.10, down from ¥1,371,940,471.47 at the end of the same period last year[26]. - Cash inflow from investment activities for the first nine months of 2023 was ¥2,970,403,652.71, down from ¥4,221,077,317.73 in the same period of 2022[26]. - The net cash flow from investment activities for the first nine months of 2023 was -¥297,693,694.06, compared to -¥858,208,581.38 in the previous year, showing an improvement[26]. - Cash inflow from financing activities for Q3 2023 was ¥162,901,512.16, while cash outflow totaled ¥317,079,527.11, resulting in a net cash flow from financing activities of -¥154,178,014.95[26]. Accounting Standards - The company has not applied new accounting standards or interpretations that would affect the financial statements for the year[27].