芯海科技(688595) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥126,077,337.08, representing a year-over-year decline of 14.80% and a year-to-date decline of 41.56%[5] - The net loss attributable to shareholders for Q3 2023 was ¥17,995,682.64, with a year-to-date loss of ¥88,106,830.72, reflecting a significant increase in losses compared to the previous year[5] - The revenue for the first nine months of 2023 was ¥283,866,608.60, down 41.56% year-over-year, with Q3 revenue showing a quarter-over-quarter increase of 31.15%[7] - The net profit attributable to shareholders, excluding non-recurring items, was a loss of ¥22,951,812.49 for Q3 2023, compared to a loss of ¥24,385,621.67 in Q2 2023[7] - The net profit attributable to shareholders for the year-to-date period decreased by 2,852.10% compared to the previous year, reflecting the same adverse conditions impacting revenue[11] - In Q3 2023, the company's revenue increased by 31.15% compared to the previous quarter, indicating a recovery as industry conditions gradually improve and new products are launched[11] - The basic earnings per share for the year-to-date period decreased by 2,796.46% compared to the same period last year, driven by the significant drop in revenue and net profit[11] - Net profit for Q3 2023 was a loss of CNY 87,714,882.06, compared to a profit of CNY 3,255,320.77 in Q3 2022, reflecting a significant decline in profitability[23] Research and Development - R&D expenses totaled ¥46,568,972.83 in Q3 2023, a decrease of 15.26% year-over-year, while the R&D expense as a percentage of revenue was 36.94%, down 0.20 percentage points[6] - The company continues to invest in R&D and maintain resources in various sectors despite the downturn in the semiconductor industry[7] - The company continues to invest steadily in R&D, market expansion, supply chain management, and talent development despite being in a down cycle[11] - Research and development expenses for the first three quarters of 2023 were CNY 136,112,576.31, compared to CNY 147,687,594.18 in the same period of 2022, showing a decrease of about 7.8%[22] Cash Flow and Liquidity - The company reported a cash flow from operating activities of -¥14,220,464.08 for Q3 2023, indicating ongoing cash flow challenges[6] - The cash flow from operating activities for the year-to-date period improved due to increased receivables and reduced procurement of raw materials[11] - Cash inflow from operating activities for the first three quarters of 2023 was 432,676,105.16 RMB, down from 487,071,984.45 RMB in the same period of 2022, representing a decrease of approximately 11.1%[25] - Cash outflow from operating activities for the first three quarters of 2023 was 446,896,569.24 RMB, compared to 608,377,884.83 RMB in the same period of 2022, indicating a reduction of about 26.5%[25] - Net cash flow from operating activities for the first three quarters of 2023 was -14,220,464.08 RMB, an improvement from -121,305,900.38 RMB in the same period of 2022[25] - The company reported a cash balance of approximately ¥543 million as of September 30, 2023, down from ¥637 million at the end of 2022[17] - The ending cash and cash equivalents balance as of Q3 2023 was 543,031,154.49 RMB, down from 757,829,902.91 RMB at the end of Q3 2022[26] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥1,478,441,350.74, a decrease of 13.07% compared to the end of the previous year[6] - The company's total assets decreased to CNY 1,478,441,350.74 in Q3 2023 from CNY 1,700,729,056.95 in Q3 2022, a reduction of approximately 13.0%[20] - Total liabilities decreased to CNY 507,449,431.02 in Q3 2023 from CNY 603,655,609.42 in Q3 2022, a decline of about 16.0%[19] - The total equity attributable to shareholders decreased to CNY 970,692,409.25 in Q3 2023 from CNY 1,097,030,371.00 in Q3 2022, a decline of approximately 11.5%[20] - The company maintained a stable cash position with short-term borrowings at approximately $130.36 million[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,351[13] - The largest shareholder, Lu Guojian, holds 40.01% of the shares, indicating significant ownership concentration[14] - The company has not disclosed any significant changes in shareholder relationships or actions regarding financing or margin trading[15]