Speechocean(SH:688787)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 was ¥24,774,663.82, representing a decrease of 39.33% compared to the same period last year[5] - The net profit attributable to shareholders was -¥12,156,689.84, a decline of 332.99% year-on-year[5] - The net profit after deducting non-recurring gains and losses was -¥14,490,933.13, down 597.89% from the previous year[5] - For the first nine months of 2021, the net profit attributable to shareholders was 25.6584 million yuan, a decrease of 50.48% compared to the same period last year[12] - Revenue for the first nine months of 2021 was 131 million yuan, down 8.40% year-on-year, with a stable gross margin around 68%[12] - Net profit for the third quarter of 2021 was CNY 25,658,431.78, down from CNY 51,818,932.78 in the same quarter of 2020, reflecting a decrease of approximately 50.5%[27] - Basic and diluted earnings per share for the third quarter of 2021 were both CNY 0.77, compared to CNY 1.61 in the same quarter of 2020, a decline of about 52%[28] Research and Development - Research and development expenses totaled ¥15,037,067.97 for the quarter, up 27.24% year-on-year, accounting for 60.70% of revenue[6] - R&D expenses increased by 1,042.24 million yuan, a growth rate of 36.41%, with significant investments in intelligent driving and OCR technology[12] - R&D expenses accounted for 60.70% of revenue in Q3 2021, an increase of 31.75 percentage points compared to the same period last year[13] - The company plans to continue increasing its investment in R&D and personnel to support long-term growth despite the current financial challenges[11] - The company plans to complete and launch over 150 training dataset products by mid-2022[13] - The company added over 260 new training dataset products, particularly in multilingual speech datasets and computer vision datasets[12] Assets and Liabilities - The total assets at the end of the reporting period reached ¥829,110,655.16, an increase of 73.69% compared to the end of the previous year[6] - Total assets as of September 30, 2021, were 829 million yuan, an increase of 73.69% from the end of the previous year[13] - Total liabilities for the third quarter of 2021 were CNY 29,146,387.17, a decrease from CNY 39,393,666.41 in the same quarter of 2020, indicating a reduction of about 26%[23] - The company's total equity increased to CNY 799,964,267.99 in the third quarter of 2021, compared to CNY 437,956,372.58 in the same period of 2020, reflecting an increase of approximately 82.6%[23] - The equity attributable to shareholders was 800 million yuan, up 82.66% year-on-year, primarily due to the net proceeds from the IPO[13] Cash Flow - The company experienced a cash flow from operating activities of -¥13,602,459.67 for the year-to-date[6] - The net cash flow from operating activities for the first nine months of 2021 was -13.6025 million yuan, a decrease of 131.62% compared to the previous year[12] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 134,640,972.75, a decrease of 27.2% compared to CNY 184,951,954.22 in the same period of 2020[30] - Net cash outflow from operating activities in Q3 2021 was CNY -13,602,459.67, compared to a net inflow of CNY 43,012,795.95 in Q3 2020[31] - Cash inflow from investment activities in Q3 2021 was CNY 1,036,078,407.56, significantly higher than CNY 482,915,382.32 in Q3 2020, marking an increase of 114.4%[31] - The net increase in cash and cash equivalents for Q3 2021 was CNY 146,508,328.89, compared to a decrease of CNY -87,395,560.19 in Q3 2020[32] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,119[15] - The largest shareholder, He Lin, holds 8,669,725 shares, representing 20.26% of total shares[15] - The company has no preferred shareholders with voting rights at the end of the reporting period[15] - The top 10 shareholders collectively hold a significant portion of the company's shares, with the largest holding being over 20%[15] - There are no significant changes in the status of pledged, marked, or frozen shares among the top shareholders[15]