百利天恒(688506) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥66,655,963.89, a decrease of 62.04% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was -¥186,786,712.39, with a year-to-date loss of -¥515,105,766.43[5]. - Total operating revenue for the first three quarters of 2023 was CNY 377.70 million, a decrease of 21.4% compared to CNY 480.34 million in the same period of 2022[21]. - Net loss for the first three quarters of 2023 was CNY 515.11 million, compared to a net loss of CNY 242.81 million in the same period of 2022, representing a 112.5% increase in losses[22]. - The company reported a total comprehensive loss of CNY 517.51 million, compared to a loss of CNY 239.92 million in the previous year[23]. Research and Development - Research and development expenses totaled ¥183,797,416.51 in Q3 2023, representing an increase of 66.54% year-on-year[6]. - The ratio of R&D expenses to operating revenue reached 275.74% in Q3 2023, up by 212.89 percentage points compared to the previous year[6]. - Research and development expenses surged to CNY 509.80 million, a significant increase of 79.7% from CNY 283.59 million in the previous year[21]. Cash Flow and Liquidity - The net cash flow from operating activities for Q3 2023 was -¥157,018,881.89, reflecting significant cash outflow due to increased R&D spending[6]. - Cash flow from operating activities was CNY 420.71 million, an increase from CNY 374.83 million in the same period of 2022[25]. - The net cash flow from operating activities was -$480,074,664.80, compared to -$225,307,702.69 in the previous year, indicating a significant decline in operational cash generation[26]. - Cash outflows for operating activities totaled $976,436,608.52, significantly higher than $640,393,563.39 in the previous year, indicating increased operational costs[26]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥1,410,986,860.49, a decrease of 29.15% from the previous year[6]. - The equity attributable to shareholders decreased by 55.41% year-on-year, amounting to ¥416,428,799.61 at the end of Q3 2023[6]. - The company's total equity decreased to CNY 416.43 million from CNY 933.89 million, a decline of 55.5%[21]. - Total liabilities decreased to CNY 994.56 million from CNY 1,057.54 million year-on-year, reflecting a reduction of 5.9%[21]. Cash and Cash Equivalents - Cash and cash equivalents dropped significantly from RMB 1,004,741,252.97 to RMB 414,106,845.46, a decline of approximately 58.8%[17]. - The total cash and cash equivalents at the end of the period were $385,356,845.46, a decrease from $1,004,741,252.97 at the beginning of the period[27]. Government Support - The company received government subsidies amounting to ¥28,017,741.77 during the reporting period, which are closely related to its normal business operations[8]. Future Guidance - The company has not provided specific guidance for future performance or new product developments in this report[15].