CLOUDWALK(SH:688327)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥64,790,299.58, representing a decrease of 80.07% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was -¥264,040,240.72, with a year-to-date net profit of -¥589,399,520.30[7]. - Total revenue for the first three quarters of 2022 was CNY 455,899,143.69, a decrease of 41.5% compared to CNY 779,721,458.59 in the same period of 2021[36]. - The company reported a comprehensive loss of CNY -609,731,355.01 for the third quarter of 2022, compared to a loss of CNY -440,104,260.60 in the same quarter of 2021[41]. - Net loss attributable to shareholders of the parent company was CNY -589,399,520.30, compared to a loss of CNY -413,238,314.37 in the same period last year[39]. - Basic and diluted earnings per share for the third quarter were both CNY -0.87, compared to CNY -0.66 in the previous year[41]. Research and Development - Research and development (R&D) expenses totaled ¥173,773,734.72 for Q3 2022, an increase of 61.76% year-on-year, accounting for 268.21% of operating revenue[10]. - R&D investment as a percentage of operating income increased by 46.49 percentage points from the beginning of the year to the reporting period, primarily due to increased investment in core technology projects and a year-on-year decline in operating income[20]. - R&D investment as a percentage of operating income increased by 235.17 percentage points in the current reporting period, driven by continued investment in core technology projects and a year-on-year decline in operating income[20]. - Research and development expenses increased to CNY 429,617,991.82, up 15.4% from CNY 372,271,904.81 in the previous year[36]. Assets and Equity - Total assets at the end of Q3 2022 reached ¥3,929,974,808.32, a 69.93% increase from the end of the previous year[10]. - The equity attributable to shareholders increased by 100.39% year-on-year, amounting to ¥2,346,537,244.52[10]. - Total equity attributable to shareholders of the parent company reached CNY 2,346,537,244.52, an increase from CNY 1,170,985,823.33 in the previous year[36]. - Total liabilities increased to CNY 1,759,693,008.15, up from CNY 1,298,329,663.03 year-over-year[34]. Cash Flow - The company reported a negative cash flow from operating activities of -¥529,389,413.53 year-to-date[10]. - Cash flow from operating activities showed a significant decline, reflecting the overall decrease in revenue and increased costs[36]. - Operating cash inflow for the first three quarters of 2022 was CNY 494.82 million, down 19.06% from CNY 611.56 million in the same period of 2021[45]. - Net cash flow from operating activities was CNY -529.39 million, an improvement from CNY -624.93 million year-over-year[45]. - Cash inflow from investment activities increased significantly to CNY 1.57 billion, compared to CNY 909.81 million in the previous year, marking a 73.00% increase[46]. - Cash inflow from financing activities reached CNY 2.76 billion, up from CNY 538.25 million, representing a 413.00% increase year-over-year[46]. - The company reported a net increase in cash and cash equivalents of CNY 439.78 million, contrasting with a decrease of CNY 660.80 million in the previous year[46]. - Total cash and cash equivalents at the end of the period stood at CNY 1.23 billion, compared to CNY 309.31 million at the end of the same period last year[46]. Market and Future Plans - The decline in operating revenue was primarily due to the repeated COVID-19 outbreaks and economic slowdown affecting market demand[18]. - The company plans to continue increasing investment in core technology and human-machine collaborative operating systems[18]. - The company continues to focus on expanding its core technology projects and enhancing its market presence[20]. - The company plans to focus on market expansion and new product development to improve future performance[36].