UIGreen(SH:688661)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 83.65 million, an increase of 33.12% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was a loss of CNY 54.28 million, a decrease of 166.06% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was a loss of CNY 77.05 million, a decrease of 301.19% year-on-year[4]. - Total operating revenue for the first three quarters of 2023 was ¥182,289,930.13, a decrease of 21.3% compared to ¥231,466,650.56 in the same period of 2022[18]. - Net profit for the third quarter of 2023 was a loss of ¥22,365,887.18, compared to a profit of ¥44,624,966.33 in the same quarter of 2022[19]. - The company reported a total comprehensive income of -¥22,468,014.07 for the third quarter of 2023, compared to ¥44,149,529.60 in the same quarter of 2022[20]. - Basic and diluted earnings per share for the third quarter of 2023 were both -¥0.249, a decline from ¥0.558 in the same quarter of 2022[20]. Research and Development - The total R&D investment for Q3 2023 was CNY 21.82 million, an increase of 42.36% compared to the same period last year, accounting for 26.08% of operating revenue[5]. - Research and development expenses for the first three quarters of 2023 were ¥58,392,972.53, significantly higher than ¥37,835,564.24 in the same period of 2022, indicating increased investment in innovation[18]. Cash Flow and Liquidity - The net cash flow from operating activities for Q3 2023 was a negative CNY 138.70 million, a decrease of 1,360.57% year-on-year[4]. - The net cash flow from operating activities for the first three quarters of 2023 was a negative ¥38,819,334.90, down from a positive ¥65,677,382.18 in the same period of 2022[22]. - The net cash flow from investment activities was $428,962,417.81, compared to a negative cash flow of $41,049,266.83 in the previous period[23]. - The total cash inflow from financing activities was $690,999,973.17, while the cash outflow was $14,379,912.48, resulting in a net cash flow of -$14,379,912.48[23]. - The net increase in cash and cash equivalents for the period was $376,335,110.53, compared to an increase of $661,722,512.59 in the previous period[23]. - The ending balance of cash and cash equivalents was $531,023,781.09, down from $773,246,267.19 in the previous period[23]. Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 1,329.14 million, a decrease of 0.82% from the end of the previous year[5]. - As of September 30, 2023, the total current assets amounted to ¥995,336,406.66, a decrease from ¥1,060,116,314.22 as of December 31, 2022, representing a decline of approximately 6.1%[12]. - Total liabilities as of September 30, 2023, were ¥103,998,425.67, compared to ¥82,340,073.73 at the end of 2022, marking an increase of about 26.4%[14]. - The company's non-current assets totaled ¥333,800,346.47, up from ¥279,952,577.17, representing an increase of approximately 19.2%[13]. - The company's total liabilities and equity amounted to ¥1,329,136,753.13 as of the end of the third quarter of 2023, slightly down from ¥1,340,068,891.39 at the end of the previous year[19]. Shareholder Information - The number of shareholders increased to 7,050, indicating a growing interest in the company's equity[10]. - The top shareholder, Luo Xingshun, holds 34.33% of the shares, indicating a concentrated ownership structure[10]. Operating Costs - Total operating costs increased to ¥223,804,637.41, up 15.9% from ¥193,152,362.48 in the previous year[18]. - The company experienced an increase in management expenses and R&D investments, impacting profitability negatively[7]. Inventory and Receivables - Accounts receivable rose to ¥101,351,843.26, up from ¥55,471,352.36, indicating an increase of about 82.6%[13]. - Inventory levels increased to ¥69,934,059.56 compared to ¥60,052,624.28, reflecting a growth of approximately 16.3%[13].