2023-10-30 16:00Financial Performance - In Q3 2023, the company reported revenue of approximately CNY 9.42 billion, a decrease of 6.00% compared to the same period last year[5]. - The net profit attributable to shareholders in Q3 2023 was approximately CNY 2.01 billion, down 38.88% year-on-year[5]. - For the first nine months of 2023, the company achieved a total revenue of approximately CNY 27.38 billion, an increase of 1.25% year-on-year[4]. - The net profit attributable to shareholders for the first nine months was approximately CNY 6.50 billion, a decrease of 24.33% compared to the previous year[4]. - The gross profit margin for the product lines decreased from 65.03% to 64.58% in the first nine months of 2023[5]. - The weighted average return on equity decreased by 10.84 percentage points to 13.33% year-on-year[4]. - The basic and diluted earnings per share decreased by 37.50% and 40.00%, respectively, due to the decline in net profit[10]. - Total comprehensive income for Q3 2023 was CNY 665,640,026.72, a decrease of 25.3% from CNY 890,600,254.80 in Q3 2022[22]. - Basic earnings per share for Q3 2023 was CNY 0.80, down from CNY 1.05 in Q3 2022, representing a decline of 23.8%[22]. - Net profit for Q3 2023 was ¥663,928,750.13, down from ¥886,969,151.29 in Q3 2022, representing a decrease of approximately 25.2%[21]. Research and Development - R&D expenses for the first three quarters of 2023 amounted to approximately CNY 75.78 million, an increase of CNY 19.79 million year-on-year[6]. - R&D investment increased by 31.56% year-to-date, reflecting the company's commitment to enhancing new product and technology development[10]. - Research and development expenses rose to ¥757,831,871.78, compared to ¥559,903,315.37 in the previous year, indicating a year-over-year increase of about 35.4%[20]. - The company plans to continue investing in R&D to enhance product offerings and meet diverse application needs[6]. Cash Flow and Liquidity - The company’s cash flow from operating activities was negative at CNY -110.26 million for the year-to-date[3]. - Cash inflow from operating activities totaled CNY 2,426,509,750.38 in the first three quarters of 2023, down 8.7% from CNY 2,659,392,884.90 in 2022[23]. - Cash outflow from operating activities increased to CNY 3,529,098,120.07 in 2023, up 47.4% from CNY 2,393,087,377.26 in 2022[24]. - Net cash flow from operating activities for the first three quarters of 2023 was CNY -1,102,588,369.69, compared to CNY 266,305,507.64 in the same period of 2022[24]. - Net cash flow from investing activities was CNY -378,716,377.86 for the first three quarters of 2023, compared to CNY -200,777,339.26 in 2022[24]. - Net cash flow from financing activities for Q3 2023 was CNY 1,096,739,899.23, significantly higher than CNY 394,337,344.77 in Q3 2022[25]. - The ending balance of cash and cash equivalents as of Q3 2023 was CNY 727,223,855.98, down from CNY 875,584,047.61 at the end of Q3 2022[25]. - The company received CNY 35,998,502.96 in tax refunds during the first three quarters of 2023, compared to CNY 18,008,270.96 in the same period of 2022[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 813.39 billion, representing a 33.10% increase from the previous year[4]. - The total assets at the end of the reporting period increased by 33.10%, primarily due to expanded production scale and increased inventory[10]. - Current liabilities totaled ¥1,706,350,802.93, significantly higher than ¥903,876,332.57 in the previous year, marking an increase of about 88.8%[19]. - The company's equity attributable to shareholders increased to ¥5,161,926,253.88 from ¥4,531,230,351.61, showing a growth of approximately 13.9%[19]. - Inventory increased to approximately 3.15 billion RMB, up from 1.48 billion RMB in the previous year[17]. - Accounts receivable rose to approximately 1.13 billion RMB, compared to 730.20 million RMB at the end of the previous year[17]. - The company reported a decrease in asset impairment losses to ¥75,329,023.42 from ¥87,679,395.66 in the previous year, indicating improved asset management[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,310, with the largest shareholder holding 34.80% of the shares[13]. - The company is in the process of issuing convertible bonds, pending approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission[15].