Crown Advanced Material (SH:688560)2023-10-19 16:00Financial Performance - The company's revenue for Q3 2023 was ¥330,054,207.92, representing a decrease of 26.59% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥7,499,326.79, down 118.56% year-on-year[5] - The net profit excluding non-recurring gains and losses for Q3 2023 was a loss of ¥9,129,631.85, a decline of 123.97% compared to the previous year[6] - Year-to-date revenue reached ¥1,165,875,013.13, down 14.63% from the previous year[5] - Year-to-date net profit attributable to shareholders was ¥45,400,822.88, a decrease of 66.27% year-on-year[5] - The basic earnings per share for Q3 2023 was -¥0.04, a drop of 116.00% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2023 was CNY 1,165,875,013.13, a decrease of 14.6% compared to CNY 1,365,692,454.62 in the same period of 2022[20] - Net profit for the third quarter of 2023 was CNY 44,883,720.04, a decline of 71.2% compared to CNY 156,315,730.71 in the same quarter of 2022[23] - The company reported a total comprehensive income attributable to the parent company of CNY 43,575,311.50 for the third quarter of 2023, compared to CNY 137,859,679.10 in the same quarter of 2022, reflecting a decline[24] - Basic and diluted earnings per share for the third quarter of 2023 were both CNY 0.23, down from CNY 0.82 in the same quarter of 2022[24] Expenses and Costs - Research and development expenses for Q3 2023 totaled ¥13,190,971.74, down 24.21% year-on-year, accounting for 4.00% of revenue[6] - Total operating costs for the third quarter of 2023 were CNY 1,123,009,152.65, down from CNY 1,193,093,642.92 in the previous year, reflecting a reduction of approximately 5.9%[22] - Research and development expenses for the third quarter of 2023 were CNY 41,857,245.40, down from CNY 53,025,883.68 in the same quarter of 2022, a reduction of 21.2%[22] - The company recorded a decrease in sales expenses, which were CNY 15,056,397.16 in Q3 2023, down from CNY 22,170,740.54 in the same quarter of 2022, reflecting a reduction of 32.0%[22] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥3,829,681,231.47, an increase of 2.14% from the end of the previous year[6] - As of September 30, 2023, the company's total current assets amounted to approximately CNY 3,036,970,293.88, a slight decrease from CNY 3,047,153,214.36 at the end of 2022[16] - The company's total assets increased to CNY 3,829,681,231.47 in Q3 2023, up from CNY 3,749,275,141.50 in Q3 2022, representing a growth of 2.1%[18] - Total liabilities rose to CNY 873,635,671.51 in Q3 2023, compared to CNY 599,304,197.58 in Q3 2022, indicating an increase of 45.7%[18] - The total equity attributable to shareholders decreased to CNY 2,956,045,559.96 in Q3 2023 from CNY 3,136,833,159.44 in Q3 2022, a decline of 5.8%[18] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥129,382,468.85, an increase of 523.84% compared to the same period last year[6] - In the first three quarters of 2023, the company generated cash inflows from operating activities amounting to CNY 1,053,167,102.48, a decrease of 11.74% compared to CNY 1,193,891,084.28 in the same period of 2022[26] - The net cash flow from operating activities for the third quarter of 2023 was CNY 129,382,468.85, significantly up from CNY 20,739,695.89 in the previous year[27] - The company experienced a net cash outflow from investing activities of CNY 401,256,108.21 in the first three quarters of 2023, compared to a net outflow of CNY 260,411,470.13 in the same period of 2022[27] - The company reported a net cash outflow from financing activities of CNY 83,777,878.83 in the third quarter of 2023, contrasting with a net inflow of CNY 47,525,740.63 in the same quarter of 2022[28] - The company’s total cash inflows from financing activities in the third quarter of 2023 amounted to CNY 191,767,685.03, compared to CNY 90,000,000.00 in the same period of 2022[28] Shareholder Information - The company repurchased 6,355,219 shares, representing 3.16% of total shares outstanding[14] - The top ten shareholders include 闫洪嘉 with a 25.3% stake and 上海博强投资有限公司 with a 10.6% stake[13] Inventory and Receivables - The company reported a total inventory of CNY 198,758,404.26, down from CNY 259,547,271.41, indicating a decrease of about 23.4%[16] - Accounts receivable increased to CNY 436,452,523.63 from CNY 423,069,177.85, showing a growth of approximately 3.4%[16] - The total amount of other receivables increased significantly to CNY 34,585,555.00 from CNY 2,045,429.13, marking a substantial rise[16] Market and Future Outlook - The company has not disclosed any significant new product developments or market expansions during the reporting period[15] - There were no significant mergers or acquisitions reported in the third quarter[15] - The company has not provided specific future guidance or outlook for the upcoming quarters[15] Other Financial Metrics - The company reported a financial income of CNY 27,885,986.08 in Q3 2023, compared to CNY 4,589,897.51 in Q3 2022, showing a significant increase[22] - The company reported a foreign currency financial statement translation difference of CNY -1,825,511.38 in the third quarter of 2023[24] - Cash and cash equivalents decreased to CNY 1,493,960,198.75 from CNY 1,839,055,750.32, reflecting a decline of about 18.76%[16] - Cash and cash equivalents at the end of the third quarter of 2023 stood at CNY 1,493,626,698.75, down from CNY 202,491,269.23 at the end of the same period in 2022[28]