FJR(SH:688272)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥39,578,166.55, representing a year-on-year increase of 134.87%[5] - The net profit attributable to shareholders was -¥19,853,348.77, with a year-to-date loss of -¥66,803,029.42[5] - The company achieved operating revenue of RMB 129.73 million in the reporting period, representing a year-on-year increase of 190.25%[16] - The net profit attributable to shareholders of the listed company was -RMB 66.80 million, showing a slight decrease compared to the same period last year[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -RMB 68.05 million, also reflecting a slight decrease year-on-year[17] - The net loss for the first three quarters of 2023 was ¥66,803,029.42, compared to a net loss of ¥64,098,321.06 in the same period of 2022, indicating a slight increase in losses[27] - The net profit attributable to the parent company for Q3 2023 was -66,803,029.42 RMB, compared to -64,098,321.06 RMB in Q3 2022, indicating a year-over-year increase in net loss of approximately 4.23%[28] - The total comprehensive income attributable to the parent company for Q3 2023 was -66,803,029.42 RMB, compared to -64,098,321.06 RMB in Q3 2022[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥666,476,550.95, a decrease of 11.01% compared to the end of the previous year[6] - As of September 30, 2023, total assets were ¥666,476,550.95, down from ¥748,961,427.23 at the end of 2022, a decrease of about 11%[22] - Total liabilities as of September 30, 2023, were ¥146,971,345.02, compared to ¥165,158,168.13 at the end of 2022, showing a reduction of approximately 11%[23] - The company's equity attributable to shareholders decreased to ¥519,505,205.93 from ¥583,803,259.10, a decline of approximately 11%[23] Cash Flow - The cash flow from operating activities was -¥9,476,653.51 for the year-to-date period[6] - Cash inflows from operating activities for the first three quarters of 2023 totaled 185,046,653.06 RMB, significantly up from 79,174,119.05 RMB in the same period of 2022, representing an increase of approximately 133.33%[30] - The net cash flow from operating activities for Q3 2023 was -9,476,653.51 RMB, an improvement from -77,145,919.39 RMB in Q3 2022[31] - The cash and cash equivalents at the end of Q3 2023 were 211,696,070.74 RMB, down from 309,840,994.01 RMB at the end of Q3 2022, reflecting a decrease of approximately 31.67%[31] - Cash and cash equivalents decreased to ¥211,696,070.74 from ¥285,235,973.22 at the end of 2022, a decline of about 26%[20] Research and Development - Research and development expenses for the current period totaled ¥16,510,532.35, an increase of 34.19% year-on-year[6] - The ratio of R&D expenses to operating revenue was 41.72%, a decrease of 31.30 percentage points compared to the previous year[6] - Research and development expenses for the first three quarters of 2023 amounted to ¥50,695,025.60, up from ¥40,762,820.98 in 2022, reflecting a growth of approximately 24%[27] - The company has been implementing fundraising projects that have resulted in increased R&D expenditures[10] - The company is facing risks related to rising management and R&D expenses, which have increased compared to the previous year[17] Market and Sales - The company reported a significant increase in military product sales due to the "14th Five-Year Plan" procurement initiatives, contributing to the revenue growth[10] - The increase in revenue was primarily driven by military product sales due to the "14th Five-Year Plan" procurement and a recovery in domestic and foreign economic conditions[16] - The company is actively expanding its civilian product customer base and exploring foreign trade markets, which has led to increased sales in the civilian sector[10] - The company is actively expanding its civilian product customer base and exploring foreign trade markets to increase sales[16] Shareholder Information - As of the end of the reporting period, the total number of common stock shareholders was 2,891[12] - The top ten shareholders hold a combined 56.67% of the shares, with the largest shareholder owning 19.31%[12] Risks and Warnings - The company is under "delisting risk warning" due to negative net profit and revenue below RMB 100 million in the previous fiscal year[15]