ASR(688220)2024-10-29 10:38Revenue and Sales Performance - Revenue for the third quarter was RMB 884.45 million, a year-on-year increase of 12.34%[2] - Year-to-date revenue reached RMB 2.54 billion, up 37.72% compared to the same period last year[2] - The increase in revenue was mainly due to a significant growth in chip product sales compared to the same period last year[7] - Total revenue for the first three quarters of 2024 reached RMB 2,539,638,300.17, a significant increase from RMB 1,844,093,836.04 in the same period of 2023[16] - Revenue from sales of goods and services for the first nine months of 2024 was RMB 2,353,973,375.63, up from RMB 1,795,890,155.08 in the same period last year[19] R&D Investment and Expenses - R&D investment for the third quarter was RMB 309.57 million, accounting for 35.00% of revenue, an increase of 2.19 percentage points year-on-year[3] - R&D expenses increased by 19.86% year-on-year, driven by higher share-based payment expenses and increased tape-out projects[7] - R&D expenses for the first three quarters of 2024 were RMB 904,537,998.06, up from RMB 851,426,456.92 in 2023[16] Financial Performance and Losses - Net loss attributable to shareholders for the third quarter was RMB -147.76 million[2] - Net loss for the third quarter of 2024 was RMB -412,467,732.35, compared to RMB -426,324,865.71 in the same period last year[17] - Basic and diluted earnings per share for the third quarter of 2024 were both RMB -1.01, compared to RMB -1.03 in the same period last year[18] - Total comprehensive loss for the third quarter of 2024 was RMB -424,773,760.41, compared to RMB -398,196,141.06 in the same period last year[18] Assets and Liabilities - Total assets at the end of the reporting period were RMB 6.77 billion, a decrease of 7.23% compared to the end of the previous year[3] - Total assets as of Q3 2024 were RMB 6,770,673,299.74, down from RMB 7,298,551,612.16 in the previous period[13] - Total liabilities as of Q3 2024 were RMB 895,822,101.21, a decrease from RMB 942,997,697.41 in the previous period[14] - Shareholders' equity as of Q3 2024 was RMB 5,874,851,198.53, down from RMB 6,355,553,914.75 in the previous period[15] - Long-term equity investments increased to RMB 199,763,340.15 in Q3 2024 from RMB 100,938,571.29 in the previous period[13] Cash Flow and Operating Activities - Operating cash flow for the year-to-date period improved by RMB 265 million compared to the same period last year, primarily due to increased sales and cash receipts[7] - Operating cash flow for the first nine months of 2024 was RMB -366,040,755.60, an improvement from RMB -630,774,753.19 in the same period last year[20] - Total cash inflows from operating activities for the first nine months of 2024 were RMB 2,556,646,213.57, compared to RMB 1,926,607,282.43 in the same period last year[20] - Cash outflows for purchasing goods and services in the first nine months of 2024 were RMB 2,166,060,795.64, up from RMB 1,807,714,834.46 in the same period last year[20] - Cash received from tax refunds in the first nine months of 2024 was RMB 145,603,524.23, up from RMB 74,318,902.24 in the same period last year[20] - Net cash flow from investment activities was RMB 145.86 million, compared to RMB 1.39 billion in the previous period[21] - Net cash flow from financing activities was negative RMB 95.94 million, compared to negative RMB 617.13 million in the previous period[21] - Cash inflow from financing activities was RMB 197.39 million, primarily from borrowing[21] - Cash outflow from financing activities was RMB 293.34 million, including debt repayment of RMB 97.39 million and other financing-related payments of RMB 192.83 million[21] - The net increase in cash and cash equivalents was negative RMB 330.96 million, compared to a positive RMB 148.61 million in the previous period[21] - The ending balance of cash and cash equivalents was RMB 2.22 billion, slightly lower than the previous period's RMB 2.22 billion[21] Shareholder Information - Alibaba (China) Network Technology Co., Ltd. holds 64,557,440 shares, representing 15.43% of the total shares[9] - Ningbo Jiexinruiwei Enterprise Management Partnership holds 38,013,676 shares, representing 9.09% of the total shares[9] - Dai Baojia holds 35,242,880 shares, representing 8.43% of the total shares[9] - Shanghai Pudong New Star Nustar Venture Capital Co., Ltd. holds 22,152,640 shares, representing 5.30% of the total shares[9] - Shenzhen Qianhai Wanrong Hongtu Investment Fund holds 19,848,266 shares, representing 4.74% of the total shares[9] - China Merchants Bank Co., Ltd. - Huaxia SSE STAR 50 ETF holds 16,193,321 shares, representing 3.87% of the total shares[9] - GreatASR1 Limited holds 11,746,884 shares, representing 2.81% of the total shares[9] - Industrial and Commercial Bank of China - E Fund SSE STAR 50 ETF holds 9,906,026 shares, representing 2.37% of the total shares[10] - Shanghai Pudong Emerging Industry Investment Co., Ltd. holds 9,076,160 shares, representing 2.17% of the total shares[10] - Fujian Anxin Investment Management Co., Ltd. - Fujian Anxin Industrial Investment Fund holds 7,863,557 shares, representing 1.88% of the total shares[10] Government Subsidies and Other Income - Government subsidies received during the quarter amounted to RMB 15.22 million[4] Inventory and Accounts Receivable - Accounts receivable increased to RMB 440,759,928.54 in Q3 2024 from RMB 267,651,251.42 in the previous period[13] - Inventory decreased to RMB 1,290,583,529.96 in Q3 2024 from RMB 1,480,134,100.59 in the previous period[13] - Contract liabilities decreased to RMB 112,727,035.60 in Q3 2024 from RMB 219,507,460.18 in the previous period[14] Investment Activities - Cash inflows from investment activities in the first nine months of 2024 were RMB 9,304,987,975.19, down from RMB 14,278,089,224.53 in the same period last year[20] - Cash outflows for investment activities in the first nine months of 2024 were RMB 9,159,125,176.65, down from RMB 12,891,875,463.69 in the same period last year[20]