AWINIC(SH:688798)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥774,223,994.44, representing a year-on-year increase of 108.57%[4] - The net profit attributable to shareholders for Q3 2023 was a loss of ¥38,333,778.81, with a cumulative loss of ¥108,036,718.48 for the year, reflecting a significant increase in losses of 298.25% compared to the same period last year[6] - The company achieved a year-on-year improvement in net profit loss by ¥37,332,600, attributed to the increase in operating revenue[9] - The net profit attributable to shareholders for the year-to-date period is -298.25 million RMB, primarily due to a decline in gross margin and net profit caused by market competition[25] - The total profit (loss) for the period was -155,623,706.13, compared to 36,966,294.94 in the same period last year, showing a substantial drop[33] - The company reported a basic earnings per share of -0.47, compared to 0.24 in the previous year, indicating a negative shift in earnings[35] - The total comprehensive income for the period was -98,975,066.58, compared to 55,908,048.68 in the previous year, indicating a significant decline[35] Research and Development - Research and development (R&D) expenses totaled ¥131,640,180.16 in Q3 2023, accounting for 17.00% of operating revenue, a decrease of 30.14 percentage points year-on-year[6] - Research and development expenses accounted for -30.14% of operating revenue in the current reporting period, attributed to increased revenue and reduced R&D spending[25] - Research and development expenses amounted to 459,545,420.64, down from 479,260,635.08 in the previous year, reflecting a decrease of approximately 4.5%[33] Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date period was ¥181,313,220.79, indicating a positive cash flow situation[6] - The company reported a net cash flow from operating activities showing improvement due to reduced payments for goods and taxes[25] - Cash and cash equivalents decreased to approximately 762.87 million RMB from 1.68 billion RMB at the end of the previous year[29] - Net cash flow from operating activities was ¥181,313,220.79, a significant improvement from a negative cash flow of ¥-183,108,386.64 in the previous year[52] - Cash and cash equivalents at the end of the period totaled ¥712,242,759.63, down from ¥1,472,841,324.52 at the end of the same period last year[52] - Total assets at the end of the reporting period were ¥4,731,332,766.22, showing a slight increase of 0.06% compared to the end of the previous year[6] - The total assets as of September 30, 2023, amount to 4.73 billion RMB, slightly up from 4.73 billion RMB at the end of the previous year[31] Liabilities and Equity - The total liabilities amount to 1.20 billion RMB, compared to 1.19 billion RMB at the end of the previous year[31] - The total current liabilities decreased to approximately 857.97 million RMB from 1.05 billion RMB at the end of the previous year[31] - Long-term borrowings increased to approximately 333.95 million RMB from 121.70 million RMB at the end of the previous year[31] - The total equity attributable to shareholders was ¥3,526,768,452.04, slightly down from ¥3,535,296,702.33 in the previous year[51] - The company’s total liabilities and equity amounted to ¥4,731,332,766.22, a slight increase from ¥4,728,577,581.98 year-over-year[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,949[11] Other Financial Metrics - The weighted average return on net assets was -1.09%, a decrease of 4.51 percentage points compared to the same period last year[6] - The company reported a net loss from non-recurring gains and losses of ¥2,348,319.88 for Q3 2023, with a cumulative amount of ¥114,311,020.48 for the year[23] - The net profit excluding non-recurring gains and losses for the current reporting period improved by 55.44 million RMB compared to the same period last year[25] - The company recorded a tax and additional charges of ¥3,090,985.96, a decrease from ¥7,099,569.93 in the same period last year[51] - The company’s management expenses were 129,228,548.25, an increase from 122,988,352.79 in the previous year, reflecting a rise of approximately 4.0%[33] - The company experienced a loss in fair value changes of -1,825,378.72, slightly worse than the loss of -1,667,160.45 in the previous year[33] - The investment income for the period was 107,788,526.75, compared to 27,537,416.18 in the previous year, showing a notable increase[33] - Other comprehensive income after tax was 9,061,651.90, up from 1,413,415.42 in the previous year, representing a significant increase[35]