BOAMAX(SZ:002514)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was ¥102,989,160.94, a decrease of 24.44% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥43,472,316.25, representing a decline of 324.30% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥44,876,195.34, down 330.02% from the previous year[5]. - The company's basic and diluted earnings per share were both -¥0.0604, a decrease of 259.52% compared to the same period last year[5]. - Net profit attributable to shareholders of the parent company was -¥38,229,917.14, compared to a profit of ¥5,801,008.69 in the previous period, indicating a significant decline[28]. - The total comprehensive income for the period was -¥42,043,046.27, compared to ¥3,381,210.72 in the previous period, showing a substantial decline[28]. - The basic and diluted earnings per share were both -¥0.0531, compared to ¥0.0081 in the previous period, indicating a negative shift[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,935,543,855.32, an increase of 25.35% compared to the end of the previous year[5]. - The company's current assets reached 1,020,801,516.82 CNY as of September 30, 2023, up from 899,842,644.41 CNY at the start of the year[23]. - The company's inventory increased to 187,368,102.56 CNY as of September 30, 2023, compared to 137,947,744.10 CNY at the beginning of the year[23]. - The total liabilities as of September 30, 2023, were 1,407,680,746.22 CNY, compared to 916,446,458.77 CNY at the beginning of the year, reflecting a significant increase[24]. - The company's total liabilities increased significantly, with short-term borrowings rising by 57.41% to ¥506,614,244.36, indicating increased financing activities[9]. - The company reported a significant increase in short-term borrowings, which rose to 506,614,244.36 CNY from 321,842,768.36 CNY at the start of the year[24]. Cash Flow - The company reported a cash flow from operating activities net of -¥150,755,656.81, a decrease of 213.86% year-on-year[11]. - The company reported a net cash flow from operating activities of -¥150,755,656.81, a decrease from ¥132,398,733.20 in the prior period[29]. - Cash inflow from financing activities totaled ¥1,011,852,829.55, a decrease from ¥1,099,724,280.00 in the prior period[30]. - Cash and cash equivalents at the end of the period were ¥64,029,100.11, down from ¥323,942,019.23 at the end of the previous period[30]. - The company's cash and cash equivalents decreased to 72,905,654.75 CNY from 233,930,015.04 CNY since January 1, 2023[23]. Expenses - Research and development expenses increased by 31.18% to ¥27,793,271.04, reflecting higher investment in R&D[9]. - Management expenses rose by 47.13% to ¥86,373,759.21, primarily due to increased consulting service fees[9]. - Research and development expenses increased to ¥27,793,271.04 from ¥21,186,907.69, reflecting a growth of approximately 31.2% year-over-year[27]. - The company experienced a significant increase in credit impairment losses, which rose to ¥10,790,717.64 from ¥2,708,093.80, indicating a rise of about 299.5%[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 92.678 million[13]. - Jiangsu Jiedeng Intelligent Manufacturing Technology Co., Ltd. holds 26.90% of shares, totaling 193.701 million shares, with 94.600 million shares pledged[13]. - The top ten shareholders include Guangxun Co., Ltd. with 11.67% and Shi Yuqing with 3.22%[14]. - The company has a total of 27.7017 million unrestricted shares held by Jiangsu Jiedeng Intelligent Manufacturing Technology Co., Ltd.[14]. Stock Options and Incentives - The company has approved a stock option incentive plan in August 2022, aimed at enhancing employee motivation and retention[19]. - The company granted 13 incentive objects a total of 13 million stock options at an exercise price of 5.83 CNY per share on October 16, 2023[21]. - The first employee stock ownership plan has purchased 2.2587 million shares, accounting for 0.3137% of the total share capital, at an average price of RMB 10.512 per share[17]. - The employee stock ownership plan's duration has been extended by 9 months, now set to expire on February 4, 2024[18]. - The first employee stock ownership plan's total subscription amount was 23.74 million RMB, funded by employees' own or self-raised funds[17]. - The company is in the process of implementing its stock option incentive plan as of the report date[22]. - The company has received independent opinions from its independent directors and financial advisors regarding the stock option incentive plan[21]. Other Information - The company plans to raise up to RMB 3 billion through a private placement to fund projects including a 2GW high-efficiency heterojunction battery and component manufacturing project[15]. - The company is currently conducting a private placement as planned, with timely information disclosure obligations[15]. - The third quarter report has not been audited[31]. - The company will implement new accounting standards starting from 2023[32].