佰维存储(688525) - 2023 Q3 - 季度财报

Financial Performance - In Q3 2023, the company's revenue reached ¥974,166,941.85, representing a year-on-year increase of 21.61% and a quarter-on-quarter increase of 34.78%[10]. - The net profit attributable to shareholders was a loss of ¥187,536,720.90, a decrease of 807.25% compared to the same period last year[10]. - The net profit attributable to shareholders for Q3 2023 was -807.25 million RMB, with a significant decline in both net profit and net profit excluding non-recurring items[21]. - The net profit attributable to shareholders from the beginning of the year to the end of the reporting period was -736.50 million RMB, indicating a substantial decline compared to the previous year[21]. - The net profit for the third quarter was reported at CNY -562,610,818.80, a significant decline compared to a profit of CNY 76,518,882.16 in the previous year[40]. - The net profit attributable to the parent company for the current period is -484,012,087.70 RMB, compared to a profit of 76,042,963.76 RMB in the same period last year[42]. - The total comprehensive income attributable to the parent company is -487,050,417.14 RMB, compared to 82,920,080.28 RMB in the same period last year[51]. - Basic and diluted earnings per share are both -1.12 RMB, compared to 0.20 RMB in the same period last year[51]. Assets and Liabilities - The total assets at the end of the quarter were ¥6,325,240,706.11, reflecting a 43.39% increase compared to the end of the previous year[12]. - The total assets at the end of Q3 2023 increased to 43.37 billion RMB, primarily driven by the growth in long-term assets and inventory[21]. - Current assets totaled CNY 4,992,306,138.87, up from CNY 3,523,325,078.56, indicating a growth of about 41.8% year-over-year[32]. - The company’s total liabilities reached CNY 4,337,871,137.83, compared to CNY 1,989,642,318.47, representing an increase of approximately 118%[38]. - The total equity attributable to shareholders decreased to CNY 1,987,369,568.28 from CNY 2,421,557,528.78, a decline of about 17.9%[38]. Cash Flow - The company reported a negative operating cash flow of ¥1,828,548,333.69 year-to-date, primarily due to inventory buildup in response to low industry demand[12][13]. - Cash flow from operating activities shows a net outflow of -1,828,548,333.69 RMB, compared to -274,505,352.49 RMB in the same period last year[54]. - The company received cash from operating activities totaling 2,408,883,361.67 RMB, down from 2,542,628,444.65 RMB in the same period last year[52]. - The company incurred income tax expenses of -78,393,384.53 RMB during the current period[48]. - The company reported cash inflows from financing activities of 3,230,959,122.77 RMB, compared to 1,737,640,364.17 RMB in the same period last year[54]. - The company experienced a decrease in cash and cash equivalents of -252,629,764.47 RMB during the current period[55]. - Cash and cash equivalents at the end of the period amount to 545,394,083.73 RMB, compared to 375,300,972.53 RMB at the end of the same period last year[55]. Research and Development - Research and development expenses totaled ¥74,806,261.16 for the quarter, an increase of 125.83% year-on-year, accounting for 7.68% of revenue[12]. - The total R&D investment for Q3 2023 was 125.83 million RMB, reflecting an increase due to intensified efforts in chip design and new product development[21]. - Research and development expenses for the third quarter amounted to CNY 151,524,779.20, up from CNY 93,528,583.90, reflecting a growth of about 62%[40]. - The company plans to continue increasing investment in chip design, firmware design, and new product development to enhance competitiveness[12]. - The company is focusing on expanding its market presence and enhancing its R&D capabilities to drive future growth[21]. - The company has plans for new product development and advanced packaging technology as part of its strategic initiatives[21]. Inventory and Operating Costs - The gross profit margin improved by 3.21 percentage points quarter-on-quarter, although it declined by 16.31 percentage points year-on-year due to low industry demand[7][12]. - The company recognized an inventory impairment provision of ¥12,508,000 due to a slowdown in price declines in the storage industry[12]. - The company’s inventory surged to CNY 3,518,875,710.07, compared to CNY 1,954,087,632.57, marking an increase of about 80%[32]. - Operating costs increased to CNY 2,597,902,306.23, up from CNY 2,089,231,296.89, reflecting a rise of approximately 24.3%[38]. - The company granted restricted stock to employees in August 2023, resulting in additional share-based payment expenses of approximately 47.57 million RMB during the reporting period[21]. Shareholder Information - The number of common shareholders at the end of the reporting period was 16,478, with no preferred shareholders having restored voting rights[22]. - The largest shareholder, Sun Chengsi, holds 80,936,000 shares, representing 18.81% of the total shares[22].