Financial Performance - The company's operating revenue for Q3 2023 was ¥114,074,952.04, representing a decrease of 6.65% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥6,198,726.04, a decline of 170.3% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,237,378.67, down 22.53% from the previous year[5]. - The basic earnings per share for Q3 2023 was -¥0.04, a decrease of 300.00% year-on-year[6]. - The diluted earnings per share for Q3 2023 was also -¥0.04, reflecting a 300.00% decline compared to the previous year[6]. - The weighted average return on net assets was -0.96%, a decrease of 0.61 percentage points from the previous year[6]. - The company reported a net profit for Q3 2023 of CNY 84,107.30, a significant decline from CNY 15,886,336.43 in Q3 2022, indicating a drop of 99.5%[23]. - Operating profit for Q3 2023 was a loss of CNY 4,359,954.18, compared to a profit of CNY 8,291,111.36 in Q3 2022[22]. Research and Development - The total R&D investment for the period was ¥6,879,478.62, a decrease of 44.81% compared to the same period last year[6]. - Research and development expenses for Q3 2023 were CNY 30,161,673.99, slightly down from CNY 32,729,300.36 in Q3 2022[22]. Cash Flow and Liquidity - The company reported a cash flow from operating activities of -¥44,049,363.17, indicating a significant cash outflow[6]. - Cash and cash equivalents decreased to ¥34,102,390.07 from ¥76,373,649.95 at the end of 2022, indicating a significant reduction in liquidity[17]. - The net cash outflow from operating activities was approximately -$44.05 million, slightly worse than the -$42.26 million recorded in the first three quarters of 2022[25]. - The total cash outflow from operating activities was approximately $339.88 million, a decrease of 23.5% from $443.74 million in the same period of 2022[25]. - The company reported a significant reduction in cash used for purchasing goods and services, totaling approximately $185.53 million, down 41.6% from $317.81 million in the previous year[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,303,554,725.20, an increase of 2.33% compared to the end of the previous year[6]. - Total liabilities as of Q3 2023 were CNY 657,700,640.80, up from CNY 630,965,472.12 in the same period last year[19]. - Current liabilities decreased to CNY 520,618,053.70 from CNY 541,469,752.14 year-over-year, a reduction of 3.1%[19]. - The total current assets amounted to ¥703,135,148.91, up from ¥691,030,846.39 at the end of 2022[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,706[12]. - The company reported a total equity of CNY 645,854,084.40 as of Q3 2023, a slight increase from CNY 642,887,068.38 in the previous year[19]. - The company reported a total of 4,261,315 shares held by the top shareholder, indicating a significant concentration of ownership[13]. Market and Competitive Landscape - The company is focusing on market expansion and new strategies to address the competitive landscape[14]. - The company's net profit and earnings per share decreased due to an 11.87% decline in revenue compared to the same period last year, primarily due to a slowdown in market demand and significant industry competition[14]. Operating Costs - Total operating costs for the first three quarters of 2023 were CNY 354,973,253.15, down from CNY 390,278,082.39 in 2022, reflecting a reduction of 9.0%[21]. - Financial expenses increased significantly to CNY 10,062,148.35 in Q3 2023 from CNY 2,013,463.16 in Q3 2022, marking a rise of 398.5%[22].
元琛科技(688659) - 2023 Q3 - 季度财报