ETI(SZ:002005)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥209,244,819.76, a decrease of 21.61% compared to the same period last year[5] - The company's total revenue for Q3 2023 decreased by 46.87% to approximately CNY 655.96 million, primarily due to a decline in small home appliance sales[10] - Total operating revenue for Q3 2023 was CNY 590,597,517.81, a decrease of 39.5% compared to CNY 978,112,689.56 in the same period last year[21] - The net profit attributable to shareholders was -¥70,586,370.24, an increase of 3.06% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥65,596,884.28, a decrease of 10.76% compared to the previous year[5] - Net loss for Q3 2023 was CNY 204,520,599.97, compared to a net loss of CNY 231,427,203.95 in Q3 2022, representing an improvement of 11.6%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,407,632,399.30, down 10.13% from the end of the previous year[5] - The company's total assets decreased to CNY 2,407,632,399.30 from CNY 2,678,950,357.01, a decline of 10.1%[20] - Total liabilities slightly increased to CNY 1,415,362,937.32 from CNY 1,413,830,426.18, reflecting a marginal rise of 0.1%[20] - The equity attributable to shareholders of the parent company decreased to CNY 826,511,782.72 from CNY 1,097,984,042.90, a decline of 24.7%[20] Cash Flow - The company's cash flow from operating activities for the year-to-date was -¥60,976,023.39, a decrease of 181.82%[5] - Operating cash flow turned negative at CNY -60.98 million, a significant drop of 181.82% compared to the previous year, attributed to reduced revenue and lower tax refunds[10] - The net cash flow from operating activities for Q3 2023 was -60,976,023.39 CNY, compared to 74,526,856.56 CNY in Q3 2022, indicating a significant decline[26] - Cash outflow from operating activities totaled 772,559,189.04 CNY, compared to 1,353,780,184.30 CNY in Q3 2022, showing a reduction in cash outflow[26] - The net cash flow from financing activities for Q3 2023 was 20,826,227.49 CNY, a decrease from 64,188,455.50 CNY in Q3 2022[27] Research and Development - The company's research and development expenses for the period were ¥17,535,117.05, a decrease of 33.64% compared to the previous year[9] - Research and development expenses for Q3 2023 were CNY 17,535,117.05, a decrease of 33.6% compared to CNY 26,426,161.39 in Q3 2022[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,699, with no preferred shareholders having restored voting rights[12] - Zhejiang Chengze Technology Co., Ltd. holds 21.92% of shares, amounting to 384,129,200 shares, making it the largest shareholder[12] Legal and Regulatory Matters - The company is involved in ongoing arbitration cases, including a claim for 100 million RMB and fixed income of 143.012279 million RMB from the Bengbu High-tech Investment Group[14] - The company is under investigation for allegations against its former actual controller, Wang Donglei, regarding the misappropriation of 240 million RMB in government subsidies[14] Other Financial Metrics - The company's basic earnings per share were -¥0.0403, an increase of 2.89% year-on-year[5] - The company reported a 99.92% decrease in income tax expenses, amounting to CNY 1.37 million, due to reduced taxable income from subsidiaries[10] - The cash balance at the end of the period was CNY 290.16 million, a decrease of 30.97% compared to the previous year, due to reduced tax refunds and increased loan repayments[11]