Dareway(SH:688579)2024-04-12 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥100,478,111.87, representing a decrease of 36.09% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was ¥10,997,737.28, down 70.61% year-on-year[5]. - The net profit after deducting non-recurring gains and losses for Q3 2023 was ¥9,228,186.69, a decrease of 71.52% compared to the same period last year[5]. - Basic and diluted earnings per share for Q3 2023 were both ¥0.0275, reflecting a decline of 70.60% year-on-year[6]. - Total operating revenue for the first three quarters of 2023 reached ¥302,284,392.55, an increase of 19.5% compared to ¥253,010,991.20 in the same period of 2022[20]. - Net profit for the third quarter of 2023 was ¥31,199,611.52, compared to ¥24,558,588.36 in the same quarter of 2022, representing a growth of 27.0%[21]. - The net profit for the first three quarters of 2023 was 34,134,260.99 RMB, compared to 25,895,689.76 RMB in the same period of 2022, representing an increase of approximately 31.9%[32]. - The company reported a total comprehensive income of ¥31,199,611.52 for the third quarter of 2023, compared to ¥24,558,588.36 in the same quarter of 2022[22]. - The company reported a total comprehensive income of CNY 34,134,260.99 for the third quarter[33]. Assets and Liabilities - The company's total assets at the end of Q3 2023 were ¥1,613,187,621.03, a decrease of 4.38% from the end of the previous year[6]. - The total assets decreased to ¥1,613,187,621.03 from ¥1,687,169,158.93, reflecting a decline of approximately 4.4%[14]. - The company's total liabilities decreased to ¥302,658,842.17 from ¥390,385,872.89, showing a reduction of about 22.4%[16]. - The total current assets as of September 30, 2023, were 697,853,011.61 RMB, down from 788,345,265.48 RMB at the end of 2022, indicating a decrease of approximately 11.5%[29]. - The total liabilities decreased to 300,362,884.73 RMB as of September 30, 2023, from 386,085,671.10 RMB at the end of 2022, reflecting a reduction of about 22.2%[30]. - The company's total equity remained stable at ¥400,010,000.00, unchanged from the previous period[16]. - The company's total equity increased to 1,322,333,460.90 RMB as of September 30, 2023, from 1,305,653,318.61 RMB at the end of 2022, indicating a growth of about 1.3%[30]. Cash Flow - The company reported a cash flow from operating activities of -¥82,309,348.04 for the year-to-date period[6]. - Cash flow from operating activities for the first three quarters of 2023 showed a net outflow of ¥82,309,348.04, an improvement from a net outflow of ¥115,855,561.24 in the same period of 2022[25]. - The cash inflow from operating activities was CNY 298,896,418.76, an increase of 9.1% compared to CNY 273,749,862.26 in the same period of 2022[35]. - The net cash flow from operating activities was -CNY 82,078,115.93, an improvement from -CNY 112,381,435.69 in the first three quarters of 2022[35]. - The cash flow from financing activities for Q3 2023 was -20,126,425.00 RMB, compared to -40,126,925.00 RMB in Q2 2023, showing an improvement in cash flow management[26]. - The cash outflow for financing activities was CNY 20,000,500.00, reduced from CNY 40,001,000.00 in the previous year[36]. - The company's cash flow from investment activities showed a significant turnaround, with a net increase compared to a negative cash flow in the same period last year[36]. Research and Development - Research and development expenses for Q3 2023 amounted to ¥26,423,932.02, accounting for 26.30% of operating revenue, an increase of 6.42 percentage points year-on-year[6]. - Research and development expenses for the first three quarters of 2023 were ¥71,346,681.18, slightly down from ¥76,129,053.41 in the same period of 2022[20]. - Research and development expenses for Q3 2023 were 68,655,298.49 RMB, slightly down from 72,967,795.20 RMB in Q3 2022, indicating a decrease of about 5.0%[32]. Shareholder Information - The number of shares held by the largest shareholder, Shandong Shanda Capital Operation Co., Ltd., is 118,342,400, representing 29.58% of total shares[12]. Inventory and Receivables - Inventory increased significantly to ¥93,526,547.71 from ¥59,664,823.09, marking an increase of approximately 56.7%[15]. - Accounts receivable rose to ¥166,632,003.04 compared to ¥159,434,914.85 in the previous year, indicating an increase of about 4.8%[15]. - The company's contract assets rose to ¥155,950,381.36 from ¥142,901,093.72, which is an increase of about 9.1%[15]. Management and Strategy - The company emphasized improved project delivery management as a key factor affecting revenue and profit performance[9]. - The company has not disclosed any new product developments or market expansion strategies during this reporting period[13]. - The company's management is focused on improving cash flow and reducing losses in operating activities moving forward[37].