Orbbec (SH:688322)2022-10-28 16:00Financial Performance - The company's revenue for Q3 2022 was ¥62,061,482.76, representing a decrease of 58.46% compared to the same period last year[4] - The net profit attributable to shareholders was -¥81,831,102.14, with a year-to-date net profit of -¥205,292,726.65, indicating significant losses[4] - Total revenue for the first three quarters of 2022 was CNY 245,081,553.32, a decrease of 21.2% compared to CNY 310,891,096.12 in the same period of 2021[19] - Operating profit for the first three quarters of 2022 was a loss of CNY 262,101,798.31, compared to a loss of CNY 221,984,925.06 in the same period of 2021[19] - The company reported a net loss of CNY 261,926,679.52 for the first three quarters of 2022, worsening from a loss of CNY 242,223,955.23 in the previous year[19] - The net profit for Q3 2022 was -223,613,149.09 RMB, compared to -209,201,045.25 RMB in Q3 2021, indicating a year-over-year increase in net loss of approximately 6.5%[20] - The total comprehensive loss for Q3 2022 was -219,758,700.22 RMB, slightly higher than -209,452,051.82 RMB in the same period last year[20] Research and Development - Research and development (R&D) expenses totaled ¥97,816,835.12 for the quarter, accounting for 157.61% of revenue, an increase of 92.71 percentage points year-on-year[5] - The company plans to continue focusing on R&D despite the revenue decline, indicating a commitment to innovation and future growth[8] - Research and development expenses for the first three quarters of 2022 were CNY 291,483,615.27, compared to CNY 269,550,420.59 in the same period of 2021[19] Assets and Liabilities - Total assets increased by 35.97% to ¥3,473,120,154.26 compared to the end of the previous year[5] - The equity attributable to shareholders rose by 43.78% to ¥3,301,968,561.82, driven by funds raised from the company's public offering[5] - Non-current assets totaled CNY 746,432,952.87, an increase from CNY 679,175,337.62 year-over-year[17] - Total liabilities decreased to CNY 174,545,913.10 from CNY 248,676,265.67 year-over-year[17] Cash Flow - The net cash flow from operating activities was -¥34,513,390.29 for the year-to-date period, reflecting a decline of 338.20%[4] - Operating cash flow for the first nine months of 2022 was -34,513,390.29 RMB, a significant decline from 14,489,380.09 RMB in the first nine months of 2021[22] - Cash inflow from operating activities totaled 538,450,760.80 RMB, while cash outflow was 572,964,151.09 RMB, resulting in a negative cash flow from operations[22] - Investment activities generated a net cash outflow of -950,062,976.64 RMB, compared to -166,370,263.32 RMB in the previous year[23] - The company received 1,075,700,000.00 RMB from investment recoveries, a substantial increase from 276,000,000.00 RMB in the same period last year[22] Shareholder Information - The company has a total of 8,026 ordinary shares outstanding as of the report date[11] - The largest shareholder, Huang Yuanhao, holds 27.23% of the shares, totaling 108,903,960 shares[11] Market and Product Development - The decline in revenue was primarily due to reduced demand for the company's 3D visual perception products, influenced by the ongoing impact of the pandemic on key industries[7] - The company has not disclosed any significant new product developments or market expansion strategies in the current report[13] - There are no significant mergers or acquisitions reported during the period[13]