LME(SH:688589)2023-10-23 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥195,602,063.94, representing a year-on-year increase of 54.41%[5] - Net profit attributable to shareholders for Q3 2023 was ¥30,762,949.56, up 56.50% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 increased by 71.95% to ¥28,042,142.56[6] - In Q3 2023, the company achieved revenue of RMB 195.60 million, a year-over-year increase of 54.41%, and a net profit attributable to shareholders of RMB 30.76 million, up 56.50%[15] - For the first nine months of 2023, the company reported revenue of RMB 448.31 million, reflecting a growth of 28.25%, with a net profit of RMB 81.37 million, an increase of 58.30%[15] - Net profit for the third quarter of 2023 was CNY 81,366,353.32, representing a 58.3% increase from CNY 51,399,012.58 in the same quarter of 2022[24] - The total comprehensive income for the third quarter of 2023 reached ¥81,380,090.85, compared to ¥51,385,425.56 in the same period last year, representing an increase of approximately 58.4%[25] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥1,422,966,585.94, reflecting a growth of 37.56% from the end of the previous year[6] - The company's total assets as of the end of the third quarter of 2023 amounted to CNY 1,422,966,585.94, compared to CNY 1,034,440,805.62 at the end of the same period last year, reflecting a growth of 37.5%[22] - Total liabilities increased to CNY 456,151,779.54 in the third quarter of 2023, compared to CNY 218,064,382.00 in the same quarter of 2022, marking a significant rise of 109.5%[21] - The total equity attributable to shareholders reached CNY 966,814,806.40 by the end of the third quarter of 2023, up from CNY 816,376,423.62 in the same period last year, reflecting a growth of 18.4%[22] Cash Flow - The cash flow from operating activities for the year-to-date period reached ¥241,954,338.18, showing a significant increase of 580.58%[6] - Net cash flow from operating activities for the first nine months of 2023 was ¥241,954,338.18, a significant recovery from a negative cash flow of ¥50,346,551.01 in the same period last year[29] - Cash inflow from operating activities totaled ¥614,301,040.63, compared to ¥311,537,646.98 in the previous year, marking an increase of approximately 97.4%[29] - The ending balance of cash and cash equivalents as of September 30, 2023, was ¥573,501,219.47, compared to ¥158,519,679.15 at the end of the same period last year, showing a growth of approximately 262.5%[30] Research and Development - The company's R&D expenditure for Q3 2023 was ¥27,413,028.23, an increase of 42.31% year-on-year, accounting for 14.01% of revenue[6] - Research and development expenses for the first three quarters of 2023 were CNY 48,916,550.60, a decrease of 7.3% from CNY 52,608,012.18 in the same period of 2022[23] - The company plans to continue investing in R&D to support new product development in smart photovoltaic and smart home sectors[10] Market and Product Development - The company attributed the revenue growth to the expansion of chip-related products in various market applications, particularly in the power IoT sector[10] - The company is actively expanding its applications in the power IoT market and chip-related products, contributing to significant revenue and profit growth[15] - The company has plans for market expansion and new product development, focusing on enhancing its technological capabilities and increasing market share in the upcoming quarters[24] Shareholder Actions - The company completed the registration of 376,000 shares under the 2021 restricted stock incentive plan, increasing total share capital to RMB 100,570,770[16] - The company issued convertible bonds totaling RMB 380 million on June 28, 2023, with a net fundraising amount of approximately RMB 371.09 million after expenses[18] - The company has initiated a new stock incentive plan for 2023, which was approved by the board and shareholders[17] Financial Ratios - Basic earnings per share for Q3 2023 were ¥0.30, a 50.00% increase compared to the same period last year[6] - Basic and diluted earnings per share for the third quarter were both ¥0.81, up from ¥0.51 in the previous year, indicating a growth of 58.8%[25] - The weighted average return on equity for Q3 2023 was 3.27%, an increase of 0.74 percentage points year-on-year[6] - The company reported a gross profit margin of approximately 40.5% for the first three quarters of 2023, compared to 40.2% in the same period of 2022[23]