FJR(SH:688272)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥20,214,207.40, a decrease of 70.86% compared to the same period last year[5] - The net profit attributable to shareholders was -¥20,853,603.38, reflecting a decline of 227.39% year-over-year[5] - The net profit excluding non-recurring gains and losses for the period was -¥21,429,053.75, down 235.71% from the previous year[5] - The company reported a net loss of RMB 64.10 million for the third quarter of 2022, with a net profit attributable to shareholders of RMB -68.83 million after deducting non-recurring gains and losses[14] - Total operating revenue for the first nine months of 2022 was RMB 48.06 million, highlighting a significant financial challenge[14] - Total revenue for the first three quarters of 2022 was CNY 48,059,634.49, a significant decrease from CNY 223,610,136.45 in the same period of 2021[21] - Net profit for the third quarter of 2022 was a loss of CNY 64,098,321.06, compared to a profit of CNY 47,473,424.99 in the same quarter of 2021[22] - The total comprehensive income attributable to the parent company for Q3 2022 was -64,098,321.06 RMB, compared to 47,473,424.99 RMB in the same period last year[23] Research and Development - The total R&D investment for the quarter was ¥12,303,733.40, an increase of 91.21% year-over-year, representing 60.87% of operating revenue[6] - Research and development expenses increased to CNY 40,762,820.98 in the first three quarters of 2022, up from CNY 25,352,107.67 in 2021[21] - The company plans to continue increasing R&D investment to explore new product markets and enhance product diversity[10] - The company is focusing on market expansion and new product development to improve future performance[21] - The company plans to enhance its technological capabilities through increased investment in R&D[21] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was -¥77,145,919.39, indicating a significant decrease in sales collections[6] - Cash and cash equivalents as of September 30, 2022, were RMB 309.84 million, down from RMB 374.25 million at the end of 2021[17] - Net cash flow from operating activities for the first nine months of 2022 was -77,145,919.39 RMB, compared to -53,947,022.48 RMB in the same period last year[26] - Cash inflow from operating activities totaled 79,174,119.05 RMB for the first nine months of 2022, while cash outflow was 156,320,038.44 RMB[26] - Cash flow from investing activities for the first nine months of 2022 resulted in a net outflow of -615,630.54 RMB[27] - Cash flow from financing activities generated a net inflow of 13,348,777.86 RMB in the first nine months of 2022, compared to a net outflow of -16,506,109.87 RMB in the same period last year[27] - The ending cash and cash equivalents balance as of Q3 2022 was 309,840,994.01 RMB, down from 374,253,766.08 RMB at the beginning of the period[27] - The company received 50,580,000.00 RMB from borrowings in Q3 2022, compared to 20,000,000.00 RMB in the same period last year[27] - The company paid 20,000,000.00 RMB in debt repayment during Q3 2022, compared to 22,000,000.00 RMB in Q3 2021[27] Shareholder Information - The company has a total of 3,837 common shareholders as of the reporting date[12] - The top shareholder, Ningbo Ruijifu Technology Center, holds 19.31% of the shares, totaling 14,672,272 shares[12] Risks and Challenges - The company faces a risk of delisting if the net profit remains negative and operating revenue falls below RMB 100 million[15] - There is a potential risk of further losses if customer retention and new business development do not meet expectations[15] - The company experienced a 78.51% decline in operating revenue for the year-to-date compared to the same period last year[10] - The total assets at the end of the reporting period were ¥757,453,842.33, a decrease of 4.75% from the end of the previous year[6] - Total assets decreased to CNY 757,453,842.33 in Q3 2022 from CNY 795,255,000.45 in Q3 2021[20] - Total liabilities increased to CNY 150,588,063.77 in Q3 2022, compared to CNY 116,614,900.83 in Q3 2021[19] - Accounts receivable decreased to RMB 156.79 million from RMB 187.14 million year-over-year, indicating potential issues with cash flow[17] - Cash and cash equivalents decreased significantly, impacting liquidity and operational flexibility[19] - The company reported a significant increase in short-term borrowings, rising to CNY 70,674,959.11 in Q3 2022 from CNY 40,035,724.92 in Q3 2021[19] Earnings Per Share - The basic earnings per share for the quarter was -¥0.27, a decline of 195.54% compared to the same period last year[6] - Basic and diluted earnings per share for Q3 2022 were both -0.84 RMB, down from 0.83 RMB in Q3 2021[23]