Raycloud(SH:688365)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥118,271,148.04, representing a decrease of 0.78% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥47,286,206.95, with a year-to-date loss of ¥91,871,881.17[5] - The net profit after deducting non-recurring gains and losses for Q3 2023 was a loss of ¥17,746,290.49, with a year-to-date loss of ¥66,832,573.45[5] - Total revenue for the first three quarters of 2023 was CNY 351,699,051.68, a decrease of 4.3% compared to CNY 370,037,580.21 in the same period of 2022[22] - The company reported a net loss of CNY 97,554,989.46 for the first three quarters of 2023, compared to a net loss of CNY 5,683,108.29 in the same period of 2022[20] - The net profit for Q3 2023 was -90,599,524.08 RMB, compared to -123,179,441.56 RMB in Q3 2022, showing an improvement of approximately 26.4% year-over-year[23] - The total operating profit for Q3 2023 was -92,632,932.72 RMB, an improvement from -145,940,382.51 RMB in the same quarter last year[23] - The company reported a basic and diluted earnings per share of -0.22 RMB for Q3 2023, compared to -0.28 RMB in Q3 2022[24] - The total comprehensive income for Q3 2023 was -90,599,524.08 RMB, compared to -123,179,441.56 RMB in Q3 2022[24] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥1,505,386,160.64, an increase of 14.45% from the end of the previous year[6] - The company's total assets increased to CNY 1,505,386,160.64 in Q3 2023, up from CNY 1,315,370,697.08 in Q3 2022, reflecting a growth of 14.4%[20] - Total liabilities increased to CNY 533,697,398.29 in Q3 2023, compared to CNY 444,331,535.99 in Q3 2022, marking a rise of 20.1%[19] - The company's equity attributable to shareholders rose to CNY 971,317,919.72 in Q3 2023, up from CNY 871,940,885.35 in Q3 2022, reflecting an increase of 11.5%[20] Cash Flow - The company reported a cash flow from operating activities of -¥13,758,922.84 year-to-date[6] - The company reported a net cash outflow from operating activities of -13,758,922.84 RMB for the first three quarters of 2023, compared to -120,267,946.73 RMB for the same period in 2022[25] - Cash and cash equivalents at the end of Q3 2023 amounted to 221,723,780.59 RMB, a significant increase from 93,706,841.90 RMB at the end of Q3 2022[26] - The company generated 361,242,012.60 RMB in cash from sales of goods and services in the first three quarters of 2023, slightly up from 360,862,044.63 RMB in the same period last year[25] - Investment activities resulted in a net cash outflow of -84,419,554.07 RMB in Q3 2023, compared to -68,555,130.76 RMB in Q3 2022[26] Research and Development - Research and development expenses totaled ¥33,120,338.96 for Q3 2023, a decrease of 24.37% year-on-year, accounting for 28.00% of operating revenue[6] - Research and development expenses for the first three quarters of 2023 amounted to CNY 92,816,982.68, a decrease of 26.7% compared to CNY 126,544,108.20 in 2022[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,038[12] - The largest shareholder, Hangzhou Guangyun Investment Co., Ltd., holds 150,070,840 shares, accounting for 35.24% of total shares[12] - The top ten shareholders hold a significant portion of the company's shares, with the top four shareholders alone holding over 58%[13] Trust Products and Regulatory Issues - The company has estimated a fair value change loss of 31.5 million RMB related to overdue trust products totaling 90 million RMB[15] - The company has not received the principal and investment returns from the trust products that have matured[15] - The company will closely monitor the progress of the overdue trust products and adjust the impact on profits and losses accordingly[15] - The company is subject to regulatory scrutiny regarding the overdue trust products, with measures being taken to expedite asset verification[15] Other Income - The company’s total revenue from other income was 7,596,404.27 RMB in Q3 2023, compared to 6,495,105.06 RMB in Q3 2022, reflecting a growth of approximately 17% year-over-year[23] Future Outlook - The company plans to continue focusing on software product sales, which have a stable tax refund policy, indicating a potential for future revenue growth[10]