Zhuhai (688175)2023-10-27 16:00Revenue and Profit Decline - Revenue for the current reporting period decreased by 48.22% YoY, primarily due to a decline in revenue from special communication business[2] - Revenue from the beginning of the year to the end of the reporting period decreased by 30.98% YoY, mainly due to a 64.02% decrease in network content security business revenue and a 39.89% decrease in environmental IoT application revenue[2] - Net profit attributable to shareholders of the listed company for the current reporting period decreased by 287.55% YoY[3] - Net profit attributable to shareholders of the listed company from the beginning of the year to the end of the reporting period decreased by 56.31% YoY, mainly due to a decrease in revenue and gross profit[3] - Revenue for the reporting period was RMB 25.1 million, a decrease of 48.22% year-over-year[15] - Net profit attributable to shareholders was RMB -9.25 million, a decrease of 287.55% year-over-year[15] - Basic earnings per share for the reporting period were RMB -0.10, a decrease of 287.55% year-over-year[16] R&D Investment and Expenses - R&D investment as a percentage of revenue for the current reporting period was 41.67%, primarily due to a decrease in revenue[3] - R&D expenses for the first three quarters of 2023 were RMB 57,314,945.60, an increase of 4.7% compared to RMB 54,767,709.18 in the same period of 2022[7] - R&D investment for the reporting period was RMB 19.96 million, an increase of 8.80% year-over-year, accounting for 79.52% of revenue[16] Shareholder Information - The company's largest shareholder, Zhuhai Gaoling Technology Investment Co., Ltd., holds 43.39% of the shares[5] - The second-largest shareholder, Zhuhai Hengqin Zixiao Investment Partnership, holds 7.34% of the shares[5] - The third-largest shareholder, Zhuhai Hanhu Nalande Equity Investment Fund Partnership, holds 5.87% of the shares[5] - The company's total number of ordinary shareholders at the end of the reporting period was 8,402[5] - The company's top 10 shareholders hold a combined 72.82% of the shares[5][6] Financial Performance and Cash Flow - Total revenue for the first three quarters of 2023 was RMB 190,431,106.60, a decrease of 31.0% compared to RMB 275,916,827.74 in the same period of 2022[7] - Total operating costs for the first three quarters of 2023 were RMB 202,440,737.22, a decrease of 22.4% compared to RMB 260,977,878.24 in the same period of 2022[7] - Net cash flow from operating activities for the first three quarters of 2023 was RMB 7,363,471.35, compared to a negative RMB 93,715,533.95 in the same period of 2022[9] - Net cash flow from investing activities for the first three quarters of 2023 was RMB 61,596,440.84, compared to a negative RMB 1,024,880,150.99 in the same period of 2022[9] - Total comprehensive income for the first three quarters of 2023 was RMB 17,818,323.22, a decrease of 57.1% compared to RMB 41,552,038.21 in the same period of 2022[8] - Basic earnings per share for the first three quarters of 2023 were RMB 0.20, a decrease of 59.2% compared to RMB 0.49 in the same period of 2022[8] - Cash received from other investment-related activities for the first three quarters of 2023 was RMB 3,344,000,000.00, an increase of 29.0% compared to RMB 2,592,300,000.00 in the same period of 2022[9] - Cash and cash equivalents at the end of the period were RMB 355.67 million, an increase of 39.62 million compared to the beginning of the period[23] - Cash flow from financing activities was negative RMB 29.34 million, compared to positive RMB 1.06 billion in the same period last year[23] Asset and Liability Changes - Total liabilities as of the end of Q3 2023 were RMB 168,536,783.27, an increase of 2.8% compared to RMB 164,018,254.86 at the end of Q3 2022[10] - Total equity attributable to owners of the parent company as of the end of Q3 2023 was RMB 1,842,725,669.94, a decrease of 0.1% compared to RMB 1,845,233,951.48 at the end of Q3 2022[10] - Total assets as of the end of the reporting period were RMB 2.01 billion, a slight increase of 0.10% compared to the end of the previous year[16] - Trade receivables decreased to RMB 200.30 million from RMB 222.41 million at the end of the previous year[20] - Inventory increased to RMB 138.03 million from RMB 115.67 million at the end of the previous year[20] - Contract liabilities increased to RMB 78.34 million from RMB 42.77 million at the end of the previous year[21] Other Financial Metrics - Non-current asset disposal loss amounted to -39.8188 million for the reporting period and -405.55448 million year-to-date[24] - Government subsidies recognized in current profits totaled 1.95258654 million for the reporting period and 6.30904843 million year-to-date[24] - Investment income from entrusted assets was 2.7699589 million for the reporting period and 5.02376712 million year-to-date[24] - Fair value change income reached 7.31879017 million for the reporting period and 8.338296 million year-to-date[25] - Credit impairment loss was -845.10288 thousand for the reporting period and -5.98710672 million year-to-date[25] - Asset impairment loss amounted to -2.07312014 million for the reporting period and -286.25974 thousand year-to-date[25] - Operating profit reached 16.15295299 million for the reporting period and 43.72266849 million year-to-date[25] - Net profit attributable to parent company shareholders was 18.28785419 million for the reporting period and 41.85808661 million year-to-date[25] - Minority shareholders' loss was -85.26687 thousand for the reporting period and -306.0484 thousand year-to-date[25] - Other comprehensive income after tax attributable to parent company owners was -384.2641 thousand[25]