KENGIC(SH:688455)2023-11-06 07:30Group 1: Financial Performance - The company reported a net profit attributable to shareholders of -19.05 million yuan, a year-on-year decrease of 62.10% and a quarter-on-quarter decrease of 67.20% [2] - Revenue for the third quarter was 113 million yuan, reflecting a year-on-year decline of 62.10% and a quarter-on-quarter decline of 67.20% [2] - The non-recurring net profit was -22.21 million yuan, showing a year-on-year decrease of 275.46% and a quarter-on-quarter decrease of 67.00% [2] Group 2: Reasons for Decline - The decline in performance was attributed to a decrease in market demand in the second half of 2022, leading to a reduction in new orders [2] - Increased R&D efforts and the hiring of management and sales personnel contributed to higher expenses during the period, further impacting net profit [2]