盛天网络(300494) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 270,614,618.87, a decrease of 39.88% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2023 was CNY 33,186,456.66, down 55.01% year-on-year[7]. - The basic earnings per share for Q3 2023 was CNY 0.0678, reflecting a decline of 55.42% compared to the previous year[7]. - Total revenue for the first nine months of 2023 was CNY 1,082,674,104.22, down 8.48% from the same period in 2022[12]. - Operating profit for Q3 2023 was ¥199,753,979.78, down 9.88% from ¥218,400,845.47 in the same period last year[33]. - Net profit attributable to shareholders for Q3 2023 was ¥178,961,644.02, a decline of 5.93% from ¥190,224,136.27 in Q3 2022[33]. - Basic earnings per share for Q3 2023 were ¥0.3659, down from ¥0.3934 in Q3 2022[33]. Assets and Liabilities - Total assets as of September 30, 2023, were CNY 2,005,729,220.83, a decrease of 2.58% from the end of the previous year[7]. - The company reported a significant increase in trading financial assets, rising by 23,589.13% to CNY 411,314,564.96 due to an increase in unexpired financial products[11]. - The company's cash and cash equivalents decreased to RMB 838,002,292.24 from RMB 1,196,869,078.01, representing a decline of about 30%[29]. - The total current liabilities decreased from RMB 327,254,000.11 to RMB 201,399,000.77, indicating a reduction of approximately 38.4%[29]. - Total liabilities decreased to ¥287,181,266.13 from ¥518,498,924.24, reflecting a significant reduction in financial obligations[30]. - The company reported a significant reduction in accounts receivable from RMB 272,000,733.05 to RMB 182,961,025.95, a decrease of approximately 32.8%[29]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 193,613,210.44, an increase of 31.25%[7]. - Cash flow from operating activities generated ¥193,613,210.44, an increase of 31.19% compared to ¥147,509,977.75 in Q3 2022[36]. - The company reported a net cash outflow from investing activities of ¥434,141,080.03, worsening from a net outflow of ¥298,252,341.87 in the previous year[36]. Research and Development - Research and development expenses increased by 31.12% to CNY 56,091,102.23, primarily due to growth in employee numbers and share-based payments[12]. - Research and development expenses increased to ¥56,091,102.23, up 31.16% from ¥42,778,729.58 in the previous year[32]. - The company appointed two new vice presidents to enhance its R&D and operational capabilities, focusing on AI and interactive entertainment products[22]. Investments and Plans - The company plans to invest RMB 25 million in the Wuhan Changjiang Hongxin Investment Fund, increasing the fund's total scale to RMB 76 million, focusing on emerging technology sectors such as AI and the metaverse[21]. - The first vesting period of the 2022 restricted stock incentive plan was completed, with 760,500 shares granted at a price of RMB 3.86 per share, effective from August 29, 2023[23]. - The first lock-up period of the 2022 employee stock ownership plan was unlocked on August 22, 2023, allowing for the release of 3,047,130 shares, which is 0.62% of the total share capital[25]. Inventory and Long-term Assets - The company’s long-term assets slightly decreased from RMB 529,710,120.62 to RMB 525,619,286.75, reflecting a minor decline of about 0.6%[29]. - The company’s inventory decreased from RMB 254,435.47 to RMB 185,140.60, indicating a reduction of approximately 27.3%[29].