VEICHI(SH:688698)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥320,950,836.27, representing a year-on-year increase of 42.52%[5] - The net profit attributable to shareholders for Q3 2023 was ¥50,091,857.76, up 39.80% compared to the same period last year[5] - The basic earnings per share for Q3 2023 was ¥0.28, reflecting a 40.00% increase year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥49,570,052.72, reflecting a 38.06% increase year-on-year[5] - For the first nine months of 2023, the company achieved operating revenue of RMB 945.49 million, a year-on-year increase of 42.05%[18] - The net profit attributable to shareholders of the listed company was RMB 164.51 million, reflecting a 40.46% increase compared to the previous year, primarily due to an increase in share-based payments by RMB 5.08 million[18] - Net profit for the third quarter of 2023 was CNY 154,418,102.82, representing a 34.7% increase from CNY 114,702,219.92 in the same quarter of 2022[25] - The net profit attributable to shareholders of the parent company for Q3 2023 was ¥156,945,934.19, an increase from ¥114,640,821.08 in Q3 2022, representing a growth of approximately 37%[26] Research and Development - Research and development expenses totaled ¥38,739,747.40 in Q3 2023, accounting for 12.07% of operating revenue, an increase of 0.69 percentage points from the previous year[6] - Research and development expenses totaled RMB 103.43 million, a 53.77% increase year-on-year, with R&D personnel accounting for 37.70% of the total workforce[19] - Research and development expenses for the first three quarters of 2023 amounted to CNY 103,427,701.47, an increase of 54% compared to CNY 67,259,499.96 in the previous year[25] - The company plans to continue optimizing product design and structure to enhance efficiency and reduce costs, supported by increased R&D investment[11] - The company added 24 new patents (including 8 invention patents) in the first nine months of 2023, bringing the total number of valid patents to 165 (including 44 invention patents)[19] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥2,452,101,621.19, a significant increase of 66.66% compared to the end of the previous year[6] - Total assets as of September 30, 2023, were CNY 2,452,101,621.19, up from CNY 1,471,357,098.34 at the end of 2022, reflecting a growth of 66.6%[22] - Total liabilities increased to CNY 559,125,123.71 as of September 30, 2023, compared to CNY 492,259,935.85 at the end of 2022, marking an increase of 13.5%[22] - The company's equity attributable to shareholders reached CNY 1,890,339,767.22 as of September 30, 2023, up from CNY 980,421,713.03 at the end of 2022, representing an increase of 92.7%[22] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at -¥34,121,202.80, primarily due to increased material purchases and employee compensation payments[6] - The net cash flow from operating activities for the first nine months of 2023 was -¥34,121,202.80, a decrease from ¥64,744,333.45 in the same period of 2022[30] - Cash inflow from operating activities totaled ¥511,867,101.14 for the first nine months of 2023, compared to ¥444,242,211.70 in the same period of 2022, marking an increase of about 15%[30] - Cash outflow from operating activities was ¥545,988,303.94 for the first nine months of 2023, up from ¥379,497,878.25 in the same period of 2022, indicating an increase of approximately 44%[30] - The net cash flow from investing activities for the first nine months of 2023 was -¥722,748,359.79, compared to -¥154,226,569.70 in the same period of 2022, showing a significant increase in cash outflow[30] - The net cash flow from financing activities for the first nine months of 2023 was ¥755,519,931.40, a turnaround from -¥32,666,833.36 in the same period of 2022[31] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[25]