Speechocean(SH:688787)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was CNY 28,753,673.77, representing a decrease of 45.10% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 14,878,486.65, with a significant decline of 272.40% year-on-year[5]. - In Q3 2023, the company's revenue was 103 million yuan, a decrease of 38.25% compared to the same period last year[11]. - The net profit attributable to shareholders for Q3 2023 was -14.88 million yuan, a decline of 1,408.39 million yuan year-on-year[11]. - For the first nine months of 2023, the net profit attributable to shareholders was -32.12 million yuan, down 272.40% year-on-year[11]. - Total operating revenue for the first three quarters of 2023 was ¥103,214,577.26, a decrease of 38.3% compared to ¥167,159,474.03 in the same period of 2022[23]. - Net profit for the first three quarters of 2023 was a loss of ¥32,119,879.34, compared to a profit of ¥18,630,805.37 in the same period of 2022[24]. - Basic and diluted earnings per share for the first three quarters of 2023 were both -¥0.53, compared to ¥0.31 in the same period of 2022[25]. Cash Flow - The cash flow from operating activities showed a net outflow of CNY 35,232,713.19, indicating a challenging cash flow situation[6]. - The cash flow from operating activities for Q3 2023 was -11.36 million yuan, a decrease of 1.11 million yuan compared to the same period last year[12]. - The net cash flow from operating activities was -35,232,713.19, a decrease from -3,663,639.47 in the previous quarter[28]. - Cash inflow from financing activities totaled 8,610,066.50, with cash outflow amounting to 28,817,097.92, resulting in a net cash flow of -20,207,031.42[29]. - The ending balance of cash and cash equivalents was 22,997,627.86, down from 269,664,927.35 in the previous quarter[29]. Research and Development - Research and development expenses totaled CNY 13,559,523.20, down 36.80% year-on-year, while R&D expenses accounted for 47.16% of revenue, an increase of 6.20 percentage points[6]. - R&D investment in Q3 2023 was 13.56 million yuan, a decrease of 36.80% year-on-year[12]. - For the first nine months of 2023, total R&D investment was 45.77 million yuan, down 28.63% year-on-year[12]. - The company is focusing on expanding its capabilities in intelligent driving and large models, with ongoing development in data processing tools and algorithms[13]. - The company has completed preliminary research and planning for large model pre-training datasets and is working on feasibility studies for related technologies[13]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 810,731,628.78, a decrease of 7.55% from the end of the previous year[6]. - As of September 30, 2023, total current assets amounted to ¥526,987,936.97, a decrease of 11.5% from ¥596,102,602.68 at the end of 2022[17]. - Total assets as of September 30, 2023, were ¥810,731,628.78, down from ¥876,927,792.15, indicating a decrease of 7.5%[19]. - The total liabilities as of the end of the third quarter of 2023 were ¥26,616,178.03, compared to ¥47,404,942.90 at the end of the same period in 2022[23]. - The company’s non-current assets totaled ¥283,743,691.81, slightly up from ¥280,825,189.47, reflecting a growth of 1.0%[19]. Shareholder Information - The company reported a total of 11,469 common shareholders at the end of the reporting period[15]. - The top shareholder, He Lin, holds 20.1% of the shares, totaling 12,137,615 shares[15]. - The company has a total of 4,797,881 unrestricted circulating shares held by China Mobile Investment Holdings Limited[16]. Market Conditions - The company experienced a decline in overseas revenue due to client layoffs and adjustments in business direction, although there are signs of gradual recovery[10]. - The domestic business faced challenges from macroeconomic conditions and increased competition, leading to a cautious approach from clients regarding R&D investments[10]. - The domestic business faced challenges due to cautious spending from clients and intensified competition, leading to a decline in revenue[11]. Operating Costs and Expenses - Total operating costs for the first three quarters of 2023 were ¥155,582,502.66, down from ¥170,814,990.45, reflecting a reduction of 8.9%[23]. - The company reported a significant increase in sales expenses, which rose to ¥18,305,982.76 from ¥13,173,983.63, an increase of 38.5%[23]. - Research and development expenses for the first three quarters of 2023 were ¥45,773,167.79, down from ¥64,135,012.73, indicating a reduction of 28.5%[23].