S-KING(SH:688328)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥79,611,386.21, a decrease of 24.52% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥37,194,806.45, with a year-to-date loss of -¥59,680,082.45, reflecting a significant decline of 825.76% year-on-year[5]. - Net profit for Q3 2023 was a loss of ¥57,030,433.56, compared to a profit of ¥20,478,562.84 in Q3 2022, indicating a significant decline in profitability[22]. - The total comprehensive income attributable to the parent company for Q3 2023 was -59,680,082.45 RMB, compared to 8,223,069.88 RMB in Q3 2022, indicating a significant decline[23]. - The basic and diluted earnings per share for Q3 2023 were both -0.74 RMB, down from 0.10 RMB in the same period last year[23]. Research and Development - Research and development expenses totaled ¥21,416,384.76 for the quarter, representing 26.90% of operating revenue, an increase of 6.88 percentage points compared to the previous year[6]. - The company's R&D expenses for Q3 2023 amounted to ¥70,551,340.18, an increase of 18.36% from ¥59,591,811.51 in Q3 2022[21]. - The company plans to continue increasing investment in new products such as VR/MR production equipment and sorting machines, which has contributed to the rise in R&D expenses[11]. - The company plans to continue focusing on R&D and market expansion strategies to improve future performance despite current losses[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,753,650,030.47, down 2.98% from the end of the previous year[6]. - The total assets decreased from ¥1,807,447,189.69 in the previous year to ¥1,753,650,030.47 in Q3 2023, a decline of approximately 2.97%[18]. - The total equity attributable to shareholders decreased to ¥697,077,570.74, down 5.63% from the end of the previous year[6]. - The total equity attributable to shareholders decreased from ¥738,699,698.44 in the previous year to ¥697,077,570.74 in Q3 2023, a decline of approximately 5.61%[18]. - The total liabilities decreased from ¥1,002,494,171.68 in the previous year to ¥993,582,351.63 in Q3 2023, a reduction of about 0.91%[18]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥99,909,200.26, a decline of 519.91% compared to the same period last year[6]. - Cash inflows from operating activities for the first three quarters of 2023 totaled 398,709,162.41 RMB, a decrease of 12.0% from 453,047,838.47 RMB in the same period of 2022[24]. - The net cash flow from operating activities for Q3 2023 was -99,909,200.26 RMB, compared to a positive 23,793,203.54 RMB in Q3 2022[25]. - Cash inflows from investment activities in Q3 2023 amounted to 570,088,244.55 RMB, significantly higher than 233,387,649.17 RMB in Q3 2022[25]. - The net cash flow from investment activities for Q3 2023 was 40,526,322.89 RMB, recovering from a negative cash flow of -411,070,852.13 RMB in Q3 2022[25]. - The company reported a cash outflow from financing activities of 207,698,253.16 RMB in Q3 2023, compared to 173,569,451.21 RMB in Q3 2022[25]. - The company’s cash flow from financing activities netted 22,318,489.84 RMB in Q3 2023, a decrease from 404,056,570.29 RMB in Q3 2022[25]. Shareholder Information - The top shareholder, Huang Yihong, holds 16.49% of the shares, while the top three shareholders collectively control approximately 34.35% of the company[14]. - The company has established a consistent action agreement among its major shareholders, ensuring control over 40.63% of the shares[14]. Inventory and Receivables - The company experienced an increase in accounts receivable, leading to higher credit impairment losses due to lower-than-expected sales collections[10]. - Accounts receivable increased to ¥487,894,870.84 from ¥466,082,857.84, reflecting a growth of about 4.0% year-over-year[16]. - Inventory decreased to ¥227,358,600.59 from ¥242,329,829.99, indicating a reduction of approximately 6.2%[16]. - The company reported a significant increase in contract assets, rising to ¥22,418,318.28 from ¥14,005,257.23, which is an increase of approximately 60.0%[16].