*ST左江(300799) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥10,711,318.29, a decrease of 7.85% compared to the same period last year[5] - The net profit attributable to shareholders was -¥36,375,888.76, representing a significant increase in loss of 70.80% year-on-year[5] - The basic earnings per share for Q3 2023 was -¥0.3566, a decrease of 70.79% compared to the previous year[5] - Total operating revenue for Q3 2023 was CNY 33,722,110.87, a decrease of 9.2% compared to CNY 37,279,144.24 in the same period last year[19] - Net loss for Q3 2023 was CNY 116,003,806.76, compared to a net loss of CNY 90,310,481.16 in Q3 2022, representing a 28.5% increase in losses[20] - The total comprehensive loss for the period was CNY 116,003,806.76, compared to CNY 90,310,481.16 in the previous year, indicating a worsening financial position[20] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥790,639,713.19, reflecting a 4.40% increase from the end of the previous year[5] - The company's total liabilities reached CNY 166,441,685.90, compared to CNY 98,988,495.34 at the end of the previous year, indicating a significant increase[19] - The total equity attributable to shareholders of the parent company decreased to CNY 579,287,381.44 from CNY 635,183,732.83, reflecting a decline of 8.8%[19] Cash Flow - Cash flow from operating activities for the first nine months of 2023 was -¥168,581,262.16, an increase in cash outflow of 9.12% year-on-year[9] - Operating cash inflow for the period was CNY 31,693,013.53, an increase of 22% compared to CNY 25,945,501.91 in the previous period[21] - Operating cash outflow totaled CNY 200,274,275.69, up from CNY 180,434,016.56, resulting in a net cash flow from operating activities of -CNY 168,581,262.16[21] - Financing cash inflow reached CNY 161,000,000.00, significantly higher than CNY 50,637,300.00 in the previous period, resulting in a net cash flow from financing activities of CNY 158,333,508.59[22] - The company's cash and cash equivalents decreased from CNY 145,598,446.71 at the beginning of the year to CNY 90,078,278.82 by September 30, 2023, a decline of approximately 38.2%[16] Expenses - Total operating costs increased to CNY 148,014,561.07, up 21.7% from CNY 121,549,025.09 year-on-year[19] - Research and development expenses rose to CNY 99,345,599.24, an increase of 22.9% from CNY 80,849,911.28 in the previous year[19] - The company experienced a 149.45% increase in sales expenses, amounting to ¥7,126,984.90, attributed to increased marketing personnel and promotional activities[9] - Cash paid to employees increased to CNY 111,982,876.31 from CNY 86,491,196.24, indicating a rise in labor costs[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 2,803[11] - The largest shareholder, Zhang Jun, holds 23.11% of shares, totaling 23,577,300 shares[11] - The company has a significant concentration of ownership, with the top four shareholders being acting in concert[12] Risks and Challenges - The company faces risks of being delisted due to uncertainties in its ability to continue as a going concern[13] - The company has initiated accounts receivable factoring to mitigate financial risks[14] - The company did not undergo an audit for the third quarter report, which may affect the reliability of the financial data presented[23] - The company has not yet implemented the new accounting standards for the current year, which could impact future financial reporting[23] Other Financial Metrics - The company reported a significant increase in fixed assets, totaling ¥162,220,878.06, due to the commissioning of the Chengdu R&D manufacturing center project[9] - The company's long-term prepaid expenses increased by 4052.45% to ¥2,448,116.41, due to increased asset improvement expenditures[9] - The company received government subsidies amounting to ¥703,245.65, which were closely related to its normal business operations[6] - Accounts receivable decreased from CNY 231,901,342.70 to CNY 219,668,258.31, a reduction of about 5.3%[16] - Inventory increased from CNY 159,294,301.55 to CNY 196,131,122.40, an increase of approximately 23.1%[16] - The company reported a total of 2,763,700.14 CNY in investment properties as of September 30, 2023[16]