FHEC(SH:688362)2023-10-19 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥648,393,145.75, representing a 12.00% increase year-over-year[5] - The net profit attributable to shareholders for Q3 2023 was -¥41,013,900.38, a decrease of 145.07% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was -¥49,573,587.68, reflecting a decline of 235.21% year-over-year[5] - For the year-to-date period, the operating revenue was ¥1,631,106,570.30, showing a decrease of 4.86% compared to the previous year[5] - The net profit for the third quarter of 2023 was reported at a loss of ¥140,199,665.87, contrasting with a net profit of ¥205,971,805.02 in the same period last year[29] - The company's operating profit for the quarter was a loss of ¥161,925,920.94, compared to a profit of ¥223,402,865.19 in the previous year[29] - The total comprehensive income for the third quarter was significantly impacted, with a net loss attributable to shareholders of ¥119,912,784.37[29] - The company reported a net loss attributable to shareholders of CNY -119,912,784.37, compared to a profit of CNY 205,971,805.02 in the same period of 2022[45] - Basic and diluted earnings per share were both CNY -0.29, a decline from CNY 0.59 in the previous year[45] Cash Flow and Investments - The net cash flow from operating activities for Q3 2023 decreased by 49.71% compared to the previous year, attributed to increased operational expenses[10] - Cash flow from operating activities for the reporting period was 175,185,191.05 yuan, a decrease of 49.71% year-on-year[54] - The net cash flow from financing activities was 1,842,163,392.49 yuan, indicating a strong financing position[54] Research and Development - The total R&D investment for Q3 2023 increased by 43.63% due to the ramp-up of the second-phase project[10] - Research and development expenses rose to CNY 102,499,290.33, compared to CNY 88,684,416.27 in the previous year, reflecting a growth of 15.5%[43] - Research and development expenses totaled 40,896,854.89 yuan, accounting for 6.31% of operating revenue, an increase of 1.39 percentage points year-on-year[54] Assets and Liabilities - Total assets at the end of the reporting period increased by 31.70% due to ongoing investments in equipment and the second-phase project[10] - The company's total liabilities reached ¥7,371,473,180.18, compared to ¥5,373,914,178.40 at the end of 2022, indicating an increase of about 37.1%[26] - The company's total equity as of September 30, 2023, was ¥3,584,541,434.47, an increase from ¥2,944,785,890.66 at the end of 2022[26] - Total assets increased to CNY 10,956,014,614.65, up from CNY 8,318,700,069.06 year-over-year[43] - Accounts payable increased significantly to ¥1,330,474,436.58, up from ¥640,483,917.30, representing a growth of approximately 107.5%[25] - The company reported a significant increase in long-term borrowings, which rose to ¥2,937,662,652.62 from ¥1,084,149,871.46, marking an increase of approximately 171.5%[25] - The deferred income increased to ¥349,889,197.32 from ¥283,016,482.35, reflecting a growth of about 23.5%[25] Future Outlook and Strategy - The company expects operating revenue to continue to grow in Q4 2023 through enhancements in market and product capabilities[8] - The company is focusing on enhancing its core competitiveness and profitability through continuous market and product improvements[8] - The company plans to continue focusing on large customer strategies and expanding new product lines to enhance competitiveness and market share[63] - The company has developed a one-stop delivery capability for its "Bumping+CP+FC+FT" project, which is expected to improve delivery times and quality control[54] - The company has successfully launched the Pamid module products for the 5G RF field, with increasing shipment volumes[54] Operational Metrics - The overall gross margin for Q3 2023 was 16.92%, an increase of 1.85% compared to Q2 2023[54] - Total operating costs increased to CNY 1,821,879,977.55, up 15.06% from CNY 1,583,219,658.42 in the previous year[43] - Inventory levels rose to CNY 333,934,892.36, compared to CNY 320,572,968.76 in the previous year, indicating a growth of 4.1%[43] - Other current assets increased to CNY 149,121,238.36, up from CNY 107,882,528.08, reflecting a growth of 38.2%[43] - Short-term borrowings decreased significantly to CNY 300,199,888.90 from CNY 753,742,883.36, a reduction of 60.2%[43]