GREAT MICROWAVE(SH:688270)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥59,258,048.12, representing a year-on-year increase of 33.75%[5] - The net profit attributable to shareholders for Q3 2023 decreased by 69.50% to ¥6,410,302.45, while the net profit for the year-to-date period decreased by 44.07% to ¥39,940,541.28[5] - The basic earnings per share for Q3 2023 was ¥0.04, down 78.95% year-on-year, while the diluted earnings per share also decreased by 78.95%[6][11] - Net profit for the third quarter of 2023 was ¥39,940,541.28, a decrease from ¥71,415,870.81 in the same quarter of 2022, reflecting a decline of approximately 44%[23] - Basic and diluted earnings per share for the third quarter of 2023 were both ¥0.26, down from ¥0.67 in the same quarter of 2022[24] Research and Development - The R&D investment for Q3 2023 totaled ¥37,105,690.95, an increase of 143.18% compared to the same period last year, and accounted for 62.62% of operating revenue[6][11] - The R&D investment for the year-to-date period reached ¥88,774,781.43, an increase of 98.79% compared to the same period last year[6][11] - The company is committed to maintaining its technological leadership by expanding its R&D team and increasing investments in R&D materials and employee compensation[11] - Research and development expenses for the first three quarters of 2023 amounted to ¥88,774,781.43, significantly higher than ¥44,656,873.93 in the same period of 2022, marking an increase of about 98%[22] - R&D expenses for Q3 2023 amounted to ¥27,111,069.91, an increase from ¥16,711,232.31 in Q3 2022, reflecting a growth of approximately 62.5%[32] Cash Flow and Liquidity - The company reported a cash flow from operating activities of -¥24,416,181.37 for the year-to-date period[6] - The net cash flow from operating activities for Q3 2023 was -24,416,181.37 RMB, compared to -23,917,407.78 RMB in Q3 2022, indicating a slight increase in cash outflow[26] - Total cash inflow from financing activities in Q3 2023 was 1,689,942,800.00 RMB, while cash outflow was 44,365,826.09 RMB, resulting in a net cash flow of -44,365,826.09 RMB, a significant decrease from 1,498,474,812.53 RMB in Q3 2022[27] - The company reported a net decrease in cash and cash equivalents of -¥34,787,707.26 for Q3 2023, contrasting with an increase of ¥1,226,693,103.52 in Q3 2022[36] - The total cash and cash equivalents at the end of Q3 2023 stood at ¥1,359,832,765.96, slightly down from ¥1,388,799,732.73 at the end of Q3 2022[36] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥2,180,830,275.29, reflecting a slight increase of 0.56% from the end of the previous year[6] - The company's cash and cash equivalents were reported at ¥1,568,351,307.19, down from ¥1,675,805,892.94 in December 2022[17] - Accounts receivable increased to ¥293,036,501.39 from ¥252,826,009.37 year-over-year, indicating a growth of approximately 16%[17] - Inventory levels rose significantly to ¥108,265,883.59 compared to ¥71,724,918.91 in the previous year, reflecting an increase of about 51%[18] - The total current liabilities were reported at ¥55,577,781.87, with accounts payable increasing to ¥33,299,737.24 from ¥21,690,298.53, a rise of approximately 53%[18] Shareholder Information - The company has a total of 7,502 common stock shareholders as of the reporting date[13] - The top shareholder, Yu Faxin, holds 21.04% of the shares, totaling 32,173,540 shares[13] Strategic Initiatives - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions, to enhance its competitive position[15] - The company plans to invest in new product development and technology research to drive future growth[15] Overall Financial Position - Total operating revenue for the first three quarters of 2023 reached ¥170,478,629.98, an increase from ¥149,151,929.12 in the same period of 2022, representing a growth of approximately 14.8%[22] - Total operating costs for the first three quarters of 2023 were ¥114,529,240.66, up from ¥70,742,848.85 in the previous year, indicating an increase of about 62%[22] - Total liabilities as of the end of the third quarter of 2023 were ¥82,888,447.19, compared to ¥80,169,476.63 at the end of the previous year, showing an increase of approximately 3.4%[20] - Total equity attributable to shareholders reached ¥2,097,941,828.10, slightly up from ¥2,088,582,193.03 in the previous year, indicating a growth of about 0.6%[20] - The total liabilities and equity combined amounted to ¥2,180,830,275.29, compared to ¥2,168,751,669.66 in the previous year, reflecting a slight increase of about 0.6%[20]