MDK(688079)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥70,308,843.21, a decrease of 39.71% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥34,087,788.22, reflecting a significant decline of 865.24% year-on-year[5]. - The net profit excluding non-recurring gains and losses was -¥31,376,970.42, down 681.84% from the previous year[5]. - The basic earnings per share for Q3 2023 was -¥0.09, a decrease of 1,000% compared to the same period last year[6]. - In Q3 2023, the company reported a net loss of ¥67,003,671.38, compared to a net profit of ¥7,205,408.78 in Q3 2022, indicating a significant decline in profitability[21]. - The total profit for Q3 2023 was ¥-81,023,400.49, down from ¥4,649,626.10 in the same period last year, reflecting a negative performance trend[21]. - Operating profit for Q3 2023 was ¥-80,917,383.82, a stark contrast to the operating profit of ¥5,294,764.95 in Q3 2022[21]. - The basic and diluted earnings per share for Q3 2023 were both ¥-0.16, compared to ¥0.02 in Q3 2022, reflecting a negative shift in earnings performance[22]. - The company reported a total comprehensive loss of ¥66,748,244.16 in Q3 2023, compared to a total comprehensive income of ¥7,606,340.73 in Q3 2022[22]. Research and Development - Research and development expenses totaled ¥22,448,041.16, an increase of 9.28% compared to the same period last year, accounting for 31.93% of operating revenue[6]. - Research and development expenses increased to CNY 57,553,518.39 in 2023 from CNY 53,325,917.83 in 2022, representing an increase of 8.3%[20]. - The company has not reported any significant new product developments or technological advancements during the quarter[16]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,138,827,292.10, representing a 12.04% increase from the end of the previous year[6]. - The company's total assets as of Q3 2023 amounted to CNY 2,138,827,292.10, compared to CNY 1,909,069,716.52 at the end of Q3 2022, indicating a growth of 12.0%[19]. - Current liabilities totaled CNY 355,912,688.82 in Q3 2023, significantly higher than CNY 214,960,584.17 in Q3 2022, marking an increase of 65.5%[18]. - Long-term borrowings rose to CNY 236,781,890.23 in Q3 2023 from CNY 89,730,040.89 in Q3 2022, reflecting a substantial increase of 163.5%[18]. - The company's total equity decreased to CNY 1,523,795,718.95 in Q3 2023 from CNY 1,592,552,684.86 in Q3 2022, a decline of 4.3%[19]. - Deferred tax assets increased to CNY 23,125,021.35 in Q3 2023 from CNY 9,257,820.52 in Q3 2022, an increase of 149.5%[19]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥88,178,169.55, down 43.69% compared to the previous year[6]. - Cash flow from operating activities for the first three quarters of 2023 was ¥88,178,169.55, down 43.5% from ¥156,580,838.62 in the same period of 2022[25]. - The company experienced a cash outflow from investing activities of ¥454,325,816.11 in the first three quarters of 2023, compared to a cash outflow of ¥257,450,919.50 in the same period of 2022[25]. - Cash flow from financing activities in Q3 2023 was ¥240,035,357.39, significantly higher than ¥57,740,467.82 in Q3 2022, indicating improved financing efforts[26]. - The company’s cash and cash equivalents at the end of Q3 2023 stood at ¥168,602,722.52, down from ¥358,593,464.28 at the end of Q3 2022[26]. - As of September 30, 2023, the company's cash and cash equivalents amounted to ¥177,781,601.57, a decrease from ¥334,790,386.18 at the end of 2022, representing a decline of approximately 47%[16]. - The cash and cash equivalents increased to CNY 328,376,597.60 in Q3 2023 from CNY 470,375,325.91 in Q3 2022, a decrease of 30.1%[19]. - The company reported a net investment loss of CNY 862,240.53 in the first three quarters of 2023, compared to a gain of CNY 412,873.92 in the same period of 2022[20]. Shareholder Information - The company reported a total of 11,152 common shareholders at the end of the reporting period[13]. - The top shareholder, Lishui Meidi Kai Investment Partnership, holds 41.16% of the shares, totaling 165,196,355 shares[13]. - The company has a repurchase account holding 2,532,133 shares, which constitutes 0.63% of the total shares outstanding[15]. - The company has not engaged in any financing or securities lending activities among the top 10 shareholders[15]. - The total number of shares held by the top 10 unrestricted shareholders includes 36,903,624 shares held by Hong Kong Fengsheng Jiamei Investment Limited[14]. Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[10]. - There are no updates on market expansion or mergers and acquisitions in the latest report[16]. - The company has not provided specific future guidance or performance outlook for the upcoming quarters[16].