Luster(SH:688400)2023-10-30 16:00Financial Performance - In the first nine months of 2023, the company achieved operating revenue of 1.925 billion RMB, a year-on-year decrease of 5.11% due to economic conditions and industry supply-demand adjustments [4]. - The company's net profit attributable to shareholders for the first nine months was 138 million RMB, down 12.85% year-on-year, but basic profit remained stable after excluding share-based payments [4]. - Basic earnings per share for the third quarter decreased by 41.91% to 0.10 RMB, while diluted earnings per share decreased by 42.20% [15][20]. - The decline in net profit is primarily attributed to the slowdown in customer procurement demand during the reporting period [20]. - The company's total revenue for the first three quarters of 2023 was CNY 963,335,653.86, a decrease of approximately 6.1% compared to CNY 1,025,888,277.78 in the same period of 2022 [36]. - The net profit for the first three quarters of 2023 was CNY 132,091,926.38, down from CNY 147,602,511.66 in the previous year, representing a decline of about 10.5% [37]. - The company reported a comprehensive income total of CNY 131,853,572.49 for the first three quarters of 2023, compared to CNY 147,279,673.59 in the same period of 2022, reflecting a decrease of about 10.5% [38]. - The net profit attributable to shareholders of the parent company for the current period is approximately ¥137.81 million, compared to ¥158.13 million in the previous period, representing a decrease of about 12.5% [55]. - The total comprehensive income for the current period is approximately ¥133.27 million, down from ¥169.19 million in the previous period, indicating a decline of around 21.2% [55]. Assets and Liabilities - The total assets at the end of the reporting period were approximately 4.988 billion RMB, a decrease of 0.39% compared to the end of the previous year [15]. - As of September 30, 2023, the total assets of the company amounted to approximately CNY 4.99 billion, a slight decrease from CNY 5.01 billion at the end of 2022 [24]. - The total current assets decreased to CNY 4.01 billion from CNY 4.16 billion, reflecting a decline of about 3.7% year-over-year [24]. - The company's accounts receivable decreased to CNY 1.16 billion from CNY 1.26 billion, representing a reduction of approximately 8.1% [24]. - The total liabilities increased to CNY 595,237,470.62 from CNY 521,933,643.64, indicating a rise of approximately 14% [36]. - The total liabilities of the company were not explicitly stated, but the current liabilities included accounts payable of CNY 464 million, down from CNY 531 million, a decrease of approximately 12.5% [26]. - Total liabilities decreased from 1,109,822,117.12 to 985,210,177.01, a reduction of approximately 11.2% [27]. - The company's total equity increased from 3,897,222,999.41 to 4,002,330,119.73, reflecting a growth of approximately 2.7% [27]. - The total equity of the company as of the end of the reporting period was CNY 3,877,228,603.93, up from CNY 3,773,957,922.84, indicating an increase of approximately 2.8% [36]. Cash Flow - The company reported a net cash flow from operating activities of 117 million RMB, enhancing its risk resistance capability [4]. - Net cash flow from operating activities improved to 117,251,148.36 compared to a negative cash flow of -174,943,654.93 in the previous period [31]. - Cash inflow from investment activities totaled 970,354,701.29, significantly higher than 30,268,875.00 in the previous period [32]. - Net cash flow from financing activities showed a decrease to -103,832,297.33 from a positive cash flow of 1,900,942,288.38 [32]. - Operating cash inflow totaled 2,129,194,119.71, up from 1,693,076,166.07, indicating a growth of approximately 25.8% [31]. - The company recorded a net cash outflow from investment activities of -450,624,084.17, compared to -130,653,618.14 in the previous period, indicating a worsening investment cash flow situation [32]. - Cash and cash equivalents at the end of the period decreased to 348,548,129.40 from 2,131,515,198.68, a decline of about 83.7% [32]. - Cash and cash equivalents at the end of the period amounted to CNY 154,148,356.41, a significant decrease from CNY 1,386,047,683.97 at the end of the previous period [39]. - The net cash flow from operating activities improved to ¥125,568,103.97, compared to a negative cash flow of -¥397,254,934.79 in the previous year [78]. Research and Development - Research and development investment increased by approximately 20% year-on-year, totaling 324.8 million RMB, representing 16.86% of operating revenue, an increase of 3.75 percentage points [4][15]. - Research and development expenses for the first three quarters of 2023 amounted to CNY 156,882,117.85, slightly lower than CNY 162,315,528.65 in the same period last year [37]. - Research and development expenses increased to CNY 309,908,617.78 from CNY 271,014,822.61 year-over-year [53]. Strategic Initiatives - The company continues to enhance its core competitiveness in "AI + Vision" technology and products despite facing industry cyclical adjustments [4][16]. - The company is strategically expanding its layout in consumer electronics, new energy, and the cultural metaverse sectors [20]. - The company is actively exploring new strategies for market expansion and product development, although specific details were not disclosed in the provided documents [25]. - The company is focusing on expanding its market presence and developing new technologies to enhance its competitive edge [66]. - The company plans to explore potential mergers and acquisitions to drive growth and innovation in the upcoming quarters [66].