Bonree(688229)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥29,769,072.19, representing a decrease of 8.11% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥24,334,412.48, with a year-to-date total of -¥74,978,676.71[6]. - The basic and diluted earnings per share for Q3 2023 were both -¥0.56, compared to -¥1.71 for the same period last year[6]. - Total operating revenue for the first three quarters of 2023 reached ¥95,132,062.29, a slight increase of 0.19% compared to ¥94,947,610.53 in the same period of 2022[21]. - Net loss for the third quarter of 2023 was ¥74,978,676.71, compared to a net loss of ¥50,598,397.14 in the same quarter of 2022, reflecting a significant increase in losses[23]. - Basic and diluted earnings per share for the third quarter of 2023 were both -¥1.71, worsening from -¥1.14 in the same quarter of 2022[24]. Expenses and Costs - Research and development expenses totaled ¥19,211,638.27 for Q3 2023, an increase of 47.56% year-over-year, accounting for 64.54% of revenue[6]. - Total operating costs for the first three quarters of 2023 were ¥174,005,722.53, up from ¥170,588,540.51 in 2022, indicating a year-over-year increase of 2.48%[21]. - Research and development expenses for the third quarter of 2023 amounted to ¥66,509,547.73, an increase of 10.42% from ¥60,001,607.08 in the same quarter of 2022[22]. - Sales expenses decreased to ¥56,979,522.40 in the third quarter of 2023, down 15.49% from ¥67,473,095.97 in the same quarter of 2022[22]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥619,770,255.93, down 13.17% from the end of the previous year[6]. - Total current assets amounted to CNY 506,392,340.56, a decrease of 14.2% from CNY 590,612,655.31 at the end of 2022[17]. - The total liabilities as of the end of the third quarter of 2023 were ¥39,589,815.93, compared to ¥56,939,367.49 at the end of the previous year[22]. - Total current liabilities totaled CNY 37,947,618.85, a decrease of 31.2% from CNY 55,179,954.05[18]. - The total assets as of September 30, 2023, were CNY 619,770,255.93, down from CNY 713,805,016.38, representing a decrease of 13.2%[18]. Cash Flow - The company reported a cash flow from operating activities of -¥84,380,888.84 year-to-date[6]. - Cash flow from operating activities for the first three quarters of 2023 showed a net outflow of ¥84,380,888.84, slightly improved from a net outflow of ¥86,253,930.52 in 2022[24]. - The net cash flow from investing activities for Q3 2023 was ¥1,195,904.78, a decrease from ¥4,436,604.66 in Q3 2022, indicating a decline of approximately 73%[25]. - The net cash flow from financing activities was -¥15,365,394.71 in Q3 2023, compared to -¥24,844,973.50 in Q3 2022, showing an improvement of about 38%[25]. - The net increase in cash and cash equivalents for Q3 2023 was -¥98,550,378.77, slightly better than -¥106,662,299.36 in Q3 2022[25]. Shareholder Information - The top shareholder, Li Kai, holds 10,266,270 shares, representing 23.12% of total shares[13]. - The company has a total of 4,187 common stock shareholders as of the reporting date[13]. Other Financial Metrics - The weighted average return on equity was -3.78%, a decrease of 3.53 percentage points compared to the previous year[6]. - The company has not recognized deferred tax assets related to future deductible losses for the year-to-date period[11]. - The company has optimized its sales team structure, resulting in reduced compensation costs for sales personnel[11]. - Market expenses decreased compared to the same period last year, positively impacting net profit[11].