THD(SZ:300397)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥66,615,983.47, a decrease of 33.81% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥31,236,933.86, reflecting a decline of 96.33% year-over-year[5]. - The basic earnings per share (EPS) was -¥0.0603, down 96.42% from the previous year[5]. - Total operating revenue for Q3 2023 was ¥261,833,334.57, a decrease of 23.3% compared to ¥341,234,767.61 in Q3 2022[30]. - Net loss for Q3 2023 was ¥92,324,225.96, compared to a net loss of ¥43,173,105.26 in Q3 2022, indicating an increase in losses[31]. - Basic and diluted earnings per share for Q3 2023 were both -¥0.1526, worsening from -¥0.064 in Q3 2022[32]. Assets and Liabilities - Total assets as of September 30, 2023, amounted to ¥2,581,248,369.25, representing a 0.90% increase from the end of the previous year[5]. - The company's total assets as of Q3 2023 amounted to ¥2,581,248,369.25, slightly up from ¥2,558,311,835.47 at the end of Q3 2022[29]. - Non-current liabilities increased to ¥432,765,962.44 in Q3 2023 from ¥316,966,753.97 in Q3 2022, representing a rise of 36.5%[29]. - The total liabilities for Q3 2023 were ¥836,186,959.25, compared to ¥726,754,435.00 in Q3 2022, marking an increase of 15.0%[29]. Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥117,963,675.09, a decrease of 6.90% year-over-year[5]. - The company's cash flow from operating activities decreased by 69.56% to 10,722,176.07, mainly due to a decrease in government subsidies received[11]. - The net cash flow from operating activities for the current period is -117,963,675.09 CNY, compared to -110,351,035.13 CNY in the previous period, indicating a decline in operational cash flow[33]. - Cash inflow from investment activities decreased to 557,306,452.85 CNY from 905,061,812.95 CNY year-over-year, reflecting a significant drop in investment recovery[35]. - The total cash and cash equivalents at the end of the period is 345,259,533.81 CNY, down from 559,890,134.50 CNY in the previous year[35]. Investments and Projects - The company plans to invest CNY 1.69981 billion in the construction of the 5G Communication Industrial Park project in Xi'an High-tech Zone[15]. - The 5G Communication Industrial Park project will include the production of 5G communication electronic products and dual-use military-civilian products[15]. - The first phase of the Tianrong Big Data project is expected to require an investment of CNY 2.15536 billion, while the second phase is estimated at CNY 1.20114 billion[16]. - The company is investing approximately 1.2 billion RMB in the first phase of a project for microwave ferrite and ceramic materials, with a total expected investment of 3.8 billion RMB for the second phase, contingent on future market conditions[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,655[12]. - The largest shareholder, He Zenglin, holds 25.11% of the shares, amounting to 129,971,700 shares, with 69,160,000 shares pledged[12]. Operational Challenges - The construction progress of the 5G Communication Industrial Park has been delayed due to various objective factors, including archaeological excavations and seasonal weather conditions[18]. - The company has postponed the construction progress of fundraising investment projects to June 2024 due to delays[18]. - The company's cash flow from operating activities showed a significant decline, contributing to the overall net loss reported[31]. Research and Development - The development expenditures rose by 47.02% to ¥71,478,181.26, driven by ongoing investments in RF chip and military equipment R&D[10]. - Research and development expenses for Q3 2023 were ¥64,768,072.17, down from ¥72,451,036.55 in the same quarter last year, a decrease of 10.5%[31]. Stock Options and Employee Plans - The company implemented the 2021 stock option incentive plan, granting 15 million options to 127 recipients, with 4,815,700 options (32.10%) subsequently canceled due to unmet exercise conditions and employee departures, reducing the total to 10,184,300 options[19]. - The company plans to strictly adhere to legal regulations and fulfill information disclosure obligations regarding its stock option and employee stock ownership plans[19][20].