Financial Performance - The company reported a significant increase in revenue, with total revenue reaching 1.5 billion RMB, representing a year-on-year growth of 25%[4]. - The company's operating revenue for 2023 was approximately ¥6.69 billion, a decrease of 6.66% compared to the previous year[15]. - The net profit attributable to shareholders for 2023 was approximately ¥563.69 million, representing a decline of 19.78% year-over-year[15]. - The net profit after deducting non-recurring gains and losses was approximately ¥493.40 million, down 27.68% from the previous year[15]. - The company anticipates a revenue guidance of 1.8 billion RMB for the next fiscal year, reflecting a growth rate of 20%[4]. - The total revenue for 2023 was approximately ¥6.69 billion, a decrease of 6.66% compared to ¥7.17 billion in 2022[43]. - Revenue from neodymium iron boron magnets accounted for 86.20% of total revenue, totaling approximately ¥5.76 billion, down 5.23% from ¥6.08 billion in 2022[44]. - The company achieved a net profit of 563.69 million RMB, a decrease of 19.78% compared to the previous year[35]. User Growth and Market Expansion - User data showed an increase in active users by 15%, reaching a total of 2 million active users by the end of 2023[4]. - The company is focusing on expanding its market presence in Europe and North America, targeting a 20% increase in market share in these regions over the next two years[4]. - The company is expanding its market presence, targeting an increase in market share by 10% in the Asia-Pacific region over the next year[116]. Research and Development - The company has allocated 200 million RMB for research and development in new technologies, aiming to enhance product performance and reduce production costs[4]. - R&D expenses for 2023 amounted to 354 million yuan, representing 5.29% of total revenue[31]. - The company plans to invest 100 million RMB in R&D for new technologies over the next two years, focusing on sustainable energy solutions[116]. - The company aims to develop high-performance magnetic steel for electric vehicles, enhancing temperature resistance and meeting market demands[56]. - The company plans to enhance its R&D efforts, focusing on improving production technology and expanding its product range, including the introduction of new high-performance magnetic materials and components[83]. Production and Capacity - The company plans to establish a production capacity of 40,000 tons of high-performance rare earth permanent magnet materials by 2025, with current capacity utilization exceeding 90%[31]. - The company achieved revenue of 1.324 billion yuan in the energy-saving variable frequency air conditioning sector, with sales capable of equipping around 54 million variable frequency air conditioning compressors[29]. - The company has a total annual production capacity of 23,000 tons for high-performance neodymium-iron-boron permanent magnets, with ongoing projects to further increase this capacity[83]. Strategic Acquisitions and Partnerships - Strategic acquisitions are planned to enhance supply chain capabilities, with a target of completing at least two acquisitions by the end of 2024[4]. - The company has established long-term strategic partnerships with major rare earth suppliers, optimizing procurement strategies to mitigate price fluctuations[31]. - The company established a wholly-owned subsidiary in Mexico to invest in a new production line with an annual capacity of 1 million sets of magnetic components[40]. Environmental and Social Responsibility - The company has invested approximately ¥24.89 million in environmental protection and health safety during the reporting period[42]. - The company received multiple awards for its ESG performance, including AAA ratings from national ESG evaluations and recognition as a leading practice case in 2023[41]. - The company is actively involved in social responsibility initiatives, awarding scholarships totaling approximately ¥3.76 million to 1,060 university students since 2012[42]. - The company has committed to not transferring benefits to other entities or individuals under unfair conditions, ensuring the protection of company interests[159]. Risk Factors - Risk factors include fluctuations in raw material prices and potential regulatory changes affecting the rare earth industry[4]. - The company faces risks related to fluctuations in rare earth raw material prices, which could adversely affect production and sales[88]. - The company is focused on proactive management of foreign exchange risks due to increasing overseas sales and potential currency fluctuations[90]. Governance and Shareholder Engagement - The company has established a performance evaluation system for directors and senior management, promoting transparency in hiring practices[95]. - The company has conducted multiple investor communications, including phone conferences and on-site research, to maintain transparency and engagement[92]. - The company emphasizes a consistent and reasonable cash dividend policy, aiming for at least 10% of the distributable profit to be distributed in cash annually[134]. - The company has established a clear decision-making process for profit distribution, requiring approval from more than half of the independent directors[136]. Financial Management and Investments - The company reported a net cash flow from operating activities increased significantly to approximately ¥1.52 billion, a 389.41% increase compared to the previous year[15]. - The company has entrusted CNY 190 million in financial management, with an unexpired balance of CNY 145.90 million[182]. - The company has a guarantee of 100 million yuan for Jinli Baotou Technology, with an actual occurrence of 10,000 yuan[180]. Shareholder Structure and Equity Incentives - The company has a total of 8,015,784 shares in its repurchase account, which may be used for employee stock ownership plans in the future[87]. - The company has implemented an equity incentive plan, resulting in significant share increases for several executives, including a total of 153,600 shares for Vice General Manager Lu Ming[102]. - The total number of shares held by the top ten shareholders includes 69,120,000 shares held by Ganzhou Industrial Investment Holding Group, representing 5.14% of the total shares[199]. Compliance and Regulatory Matters - The company has confirmed that all commitments made in the prospectus were fulfilled during the reporting period[163]. - The company has not encountered any major environmental issues or violations during the reporting period[155]. - The company has not reported any litigation related to derivative investments during the reporting period[72].

Financial Performance - For the fiscal year ending December 31, 2023, the company achieved a revenue of RMB 6,687.9 million, a decrease of 6.7% compared to the previous year[9]. - The net profit attributable to the owners of the parent company for 2023 was RMB 563.7 million, representing a decline of 19.8% year-on-year[9]. - The company's operating revenue for the year ended December 31, 2023, was RMB 6,687.9 million, a decrease of 6.7% compared to RMB 7,165.2 million in 2022[35]. - The net profit attributable to the owners of the parent company for the year was RMB 563.7 million, down 19.8% from RMB 702.7 million in the previous year[36]. - The basic earnings per share for 2023 was RMB 0.42, a decrease of 20.8% from RMB 0.53 in 2022[35]. - The gross profit margin for 2023 was 16.07%, slightly down from 16.18% in 2022[43]. - The company’s net profit attributable to shareholders in 2023 was RMB 563.7 million, a decrease of 19.78% year-on-year[86]. - The company’s cash flow from operating activities significantly increased to RMB 1.518 billion in 2023[86]. - Revenue from the new energy vehicles and automotive parts segment accounted for 49.5% of total revenue in 2023, compared to 47.5% in 2022[40]. - The average selling price of neodymium iron boron products decreased due to fluctuations in rare earth material prices, while sales volume increased by 25.6% from 12,041 tons in 2022 to 15,122 tons in 2023[116]. Production and Capacity - The sales volume of high-performance rare earth permanent magnet materials reached 15,122 tons, an increase of 25.6% compared to 2022[9]. - The company plans to increase the annual production capacity of high-performance rare earth permanent magnet materials to 40,000 tons by 2025[10]. - The company’s production capacity utilization rate exceeded 90% for the year, with ongoing projects in Baotou, Ningbo, and Ganzhou[10]. - The company achieved total production of high-performance rare earth permanent magnet materials of 15,154 tons in 2023, an increase of 18.52% year-on-year[90]. - The company's production capacity for rough blanks has reached 23,000 tons per year, with a capacity utilization rate exceeding 90% in 2023[93]. - The company plans to establish a production line in Mexico with an annual capacity of 1 million sets of magnetic components, which is currently progressing steadily[94]. Research and Development - Research and development expenses amounted to RMB 354 million in 2023, representing 5.29% of total revenue, indicating a strong commitment to innovation[72]. - The company is investing in new technologies, including advanced heat treatment processes to enhance the performance of its magnetic materials[26]. - The company will continue to invest in R&D for humanoid robot magnetic components and collaborate with global customers to drive innovation[111]. - The company emphasizes a customer-centric approach and aims to improve product quality and service through a matrix project management model[110]. Market and Strategic Goals - The company aims to expand its market presence in the renewable energy sector, particularly in wind power generation[26]. - The company anticipates a revenue growth of 20% for the upcoming fiscal year based on current market trends[27]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the market[28]. - The company has established long-term strategic partnerships with major rare earth suppliers, optimizing procurement strategies to mitigate the impact of price fluctuations on operations[76]. - The company’s strategic goal is to become a global leader in the rare earth permanent magnet materials industry, supported by expanding production capacity and optimizing product structure[104]. Environmental, Social, and Governance (ESG) - The company has established an ESG committee to enhance its ESG strategy and has received recognition for its outstanding ESG practices in 2023[10]. - The company is committed to environmental, social, and governance (ESG) initiatives as part of its corporate strategy[26]. - The company has reduced carbon emissions by approximately 34.02 million tons through the sale of magnetic products in various sectors, including new energy vehicles and wind power[97]. - The company has invested approximately RMB 24.89 million in environmental protection and health safety during the reporting period[100]. - The company emphasizes ESG initiatives, aiming to support carbon neutrality through various measures, including the construction of photovoltaic power stations and technological innovations[78]. Corporate Governance - The company maintains high standards of corporate governance and continuously improves its governance structure and internal management systems[156]. - The company ensures equal rights for all shareholders during the general meetings, adhering to the Articles of Association and relevant laws[157]. - The company has established a performance evaluation and incentive mechanism for senior management, focusing on responsibility, motivation, performance, and competition principles[168]. - The independent non-executive directors have confirmed their independence according to Hong Kong listing rules, ensuring compliance with governance standards[175]. - The company has adopted corporate governance codes and has complied with relevant regulations, with minor deviations noted during specific periods[170].

证券代码：300748 证券简称：金力永磁 公告编号：2024-021 江西金力永磁科技股份有限公司 关于 2024 年度日常关联交易预计的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 江西金力永磁科技股份有限公司（以下简称"公司"）于 2024 年 3 月 28 日 召开第三届董事会第二十五次会议和第三届监事会第二十二次会议，审议通过 《关于 2024 年度日常关联交易预计的议案》，现将相关情况公告如下： 一、日常关联交易基本情况 （一）关联交易概述 根据公司 2023 年实际发生日常关联交易情况以及 2024 年业务发展的需要， 公司拟对 2024 年日常关联交易预计，预计 2024 年与关联方发生日常关联交易总 额不超过 15,000 万元； （二）预计日常关联交易类别和金额 公司根据日常经营的需要，对 2024 年度的日常关联交易进行了预计。具体预 计如下： 单位：万元 | 关联交易类 | 关联人 | 关联交易内容关联交易定价 | | 合同签订金额 | 截至披露 日已发生 | 年发 2023 | 实际发生 额占同类 | | --- | --- ...

证券代码：300748 证券简称：金力永磁 公告编号：2024-022 江西金力永磁科技股份有限公司 关于使用部分自有资金进行现金管理的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 1、投资品种：为严格控制资金使用风险，本次现金管理拟用于购买结构性 存款、定期存款、协定存款、大额存单及保本型理财等安全性高、流动性好的短 期（不超过 12 个月）低风险投资产品。 2、投资金额：公司拟使用不超过 10 亿元人民币或等额外币（含本数）自有 资金适时进行现金管理，在上述额度范围内，该额度可循环使用。 3、特别风险提示：本次使用部分自有资金进行现金管理事项尚存在一定的 市场风险、操作风险、监控风险，敬请投资者注意投资风险。 江西金力永磁科技股份有限公司（以下简称"公司"）于 2024 年 3 月 28 日 召开第三届董事会第二十五次会议和第三届监事会第二十二次会议，审议通过 《关于使用部分自有资金进行现金管理的议案》，同意在不影响公司正常经营的 前提下，公司拟使用不超过 10 亿元人民币或等额外币（含本数）自有资金进行 现金管理，有效期自董事会审 ...

江西金力永磁科技股份有限公司 2023 年度独立董事述职报告 （尤建新） 各位股东及股东代表： 本人作为江西金力永磁科技股份有限公司（以下简称"公司"或"金力永磁"） 第三届董事会独立董事，在 2023 年度任职期间，严格按照《公司法》、《证券法》、 《上市公司治理准则》和《上市公司独立董事管理办法》等法律、法规，以及《公 司章程》、《独立董事工作制度》等规定，认真行权，依法履职，做到不受公司大股 东、实际控制人或者其他与公司存在利害关系的单位或个人的影响与左右，充分发 挥独立董事的作用，监督公司规范化运作、维护股东整体利益。 现将 2023 年度履行独立董事职责情况汇报如下： 一、独立董事的基本情况 尤建新：男，1961 年出生，中国国籍，教授，博士。1984 年至今，历任同济大 学经济管理学院助教、讲师、副教授、教授；1993 年至 1998 年，曾任同济大学教务 处副处长；1999 年至 2008 年，曾任同济大学经济与管理学院院长；现任同济大学经 济与管理学院教授，博士生导师；2017 年 1 月至 2023 年 6 月，任金力永磁独立董 事。 本人未在公司担任除独立董事以外的任何职务，也未在公司主要 ...

江西金力永磁科技股份有限公司 2023 年度独立董事述职报告 （曹颖） 各位股东及股东代表： 本人作为江西金力永磁科技股份有限公司（以下简称"公司"或"金力永磁"） 第三届董事会独立董事，在 2023 年度任职期间，严格按照《公司法》、《证券法》、《上 市公司治理准则》和《上市公司独立董事管理办法》等法律、法规，以及《公司章程》、 《独立董事工作制度》等规定，认真行权，依法履职，做到不受公司大股东、实际控 制人或者其他与公司存在利害关系的单位或个人的影响与左右，充分发挥独立董事的 作用，监督公司规范化运作、维护股东整体利益。 现将 2023 年度履行独立董事职责情况汇报如下： 一、独立董事的基本情况 曹颖：女，1973 年出生，中国国籍。美国德州农工大学会计学博士，中国注册会 计师。1996 年至 1999 年任德勤会计师事务所（北京）审计师，2000 年至 2001 年任 夏威夷电力北京代表处会计主管，2007 年至 2014 年任香港中文大学会计学院助理教 授，2014 年至今任香港中文大学会计学院副教授；2023 年 6 月至今，任金力永磁独 立董事。 本人未在公司担任除独立董事以外的任何职务，也未在公 ...

证券代码：300748 证券简称：金力永磁 公告编号：2024-023 江西金力永磁科技股份有限公司 关于公司及子公司向银行申请综合授信额度及相关担保事项的 公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 江西金力永磁科技股份有限公司（以下简称"公司"）于 2024 年 3 月 28 日召开的第三届董事会第二十五次会议审议通过《关于公司及子公司向银行申请 综合授信额度及相关担保事项的议案》。 根据《深圳证券交易所创业板股票上市规则》、《公司章程》等规定，该事 项不构成关联交易，本议案尚需提交公司 2023 年年度股东大会审议。现将具体 事项公告如下： 一、向银行申请综合授信额度情况 为了保证公司及全资子公司金力永磁（包头）科技有限公司（以下简称"金 力包头公司"）、金力永磁（宁波）科技有限公司（以下简称"金力宁波公司"）、 江西劲诚永磁新材料有限公司（以下简称"劲诚永磁"）的资金流动性，支持公 司战略发展规划，公司及子公司拟向银行申请综合授信额度，其中公司拟向银行 申请综合授信额度不超过 485,000 万元；金力包头公司拟向银行申请综合授信额 度不超过 ...

海通证券股份有限公司 关于江西金力永磁科技股份有限公司 2023 年度定期现场检查报告 | 保荐机构名称：海通证券股份有限公司 被保荐公司简称： | | | | 金力永磁 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 保荐代表人姓名：袁先湧 联系电话：021-23187002 | | | | | | | | | 保荐代表人姓名：王娜 联系电话：021-23185906 | | | | | | | | | 现场检查人员姓名：袁先湧、毛宇 | | | | | | | | | 现场检查对应期间：2023 年度 | | | | | | | | | 现场检查时间：2024 年 3 月 20 日至 22 年 3 月 | 日，2024 | 25 | 日至 | 26 | 日 | | | | 一、现场检查事项 | | | | 现场检查意见 | | | | | （一）公司治理 | | | 是 | | 否 | | 不适用 | | 现场检查手段： | | | | | | | | | （一）对上市公司董事、监事、高级管理人员及有关人员进行访谈； | | | | ...

智通财经APP讯，金力永磁(06680)发布公告，于2024年1月26日，董事会审议通过了关于建议H股发行 方案之议案。据此，公司将按H股发行价发行不超过2689.54万股(含本数)H股，发行对象包括控股股东 认购方及其他符合适用法律法规规定及香港联交所要求的独立第三方合格投资者。假设新H股按拟定发 行价格发行，建议H股发行所募集资金总额将不超过2.2亿港元(含本数)，在扣除发行相关费用后，将用 于支持公司业务发展，补充公司营运资金，偿还公司到期债务。拟定发行价格为每股新H股8.19港元。 于2024年1月26日，公司与江西瑞德订立H股认购协议，根据H股认购协议载列的条款及在其条件规限 下，公司已同意向控股股东认购方(即江西瑞德或其指定的境外全资附属公司)配发及发行，而江西瑞德 已同意自行或指定其境外全资附属公司以现金方式按H股发行价认购公司不超过2017.16万股H股(含本 数)。 公告称，建议H股发行有利于提升公司资本实力和资产规模，增强公司核心竞争力和盈利能力，促进公 司主营业务的持续快速增长，为公司进一步做大做强提供资金保障;控股股东认购方作为建议H股发行的 认购方之一，展现其对于公司未来发展的坚定信 ...

[Report Overview](index=1&type=section&id=Report%20Overview) This section presents the unaudited status of the quarterly report and the assurance of its truthfulness and completeness by the board and management [Important Notice](index=1&type=section&id=Important%20Notice) The board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, with financial officers confirming financial information integrity; this quarterly report is unaudited - The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility[2](index=2&type=chunk) - The company's principal, chief financial officer, and head of the accounting department declare that the financial information in the quarterly report is true, accurate, and complete[2](index=2&type=chunk) - The third-quarter report is unaudited[2](index=2&type=chunk)[25](index=25&type=chunk) [Key Financial Data](index=2&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) This section presents key accounting data and financial indicators for the quarter and year-to-date, including non-recurring items and explanations for significant changes in financial statement line items [Key Accounting Data and Financial Indicators](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Q3 2023 saw a 15.15% revenue decline and 27.47% net profit decrease, while year-to-date revenue fell 3.13% and net profit dropped 28.03%, with operating cash flow surging 297.77% | Indicator | Current Reporting Period (Q3 2023) | YoY Change (Adjusted) | Year-to-Date (YTD 2023) | YoY Change (Adjusted) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 1,620,367,043.75 | -15.15% | 5,050,397,446.30 | -3.13% | | Net Profit Attributable to Shareholders (RMB) | 161,663,200.56 | -27.47% | 494,265,422.45 | -28.03% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Gains and Losses (RMB) | 150,329,333.96 | -28.10% | 438,033,309.57 | -34.67% | | Net Cash Flow from Operating Activities (RMB) | - | - | 817,005,984.24 | 297.77% | | Basic Earnings Per Share (RMB/share) | 0.1204 | -27.73% | 0.3683 | -29.42% | | Diluted Earnings Per Share (RMB/share) | 0.1204 | -27.73% | 0.3683 | -29.42% | | Weighted Average Return on Net Assets | 2.31% | Decreased by 1.02 percentage points | 7.09% | Decreased by 4.11 percentage points | | Total Assets (RMB) | 11,396,576,497.07 | 1.57% (compared to end of previous year) | 11,396,576,497.07 | 1.57% (compared to end of previous year) | | Owners' Equity Attributable to Shareholders (RMB) | 7,077,907,416.44 | 4.32% (compared to end of previous year) | 7,077,907,416.44 | 4.32% (compared to end of previous year) | - From the end of the reporting period to the disclosure date of the quarterly report, the company's share capital did not change due to new share issuance, additional issuance, rights issue, equity incentive exercise, or repurchases, nor did it affect the amount of owners' equity[4](index=4&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=3&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled RMB 11.33 million for the quarter and RMB 56.23 million year-to-date, mainly from government grants and fair value changes in financial assets | Item | Amount for Current Period (RMB) | Amount Year-to-Date (RMB) | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 848,636.09 | -311,743.98 | | Government Grants Included in Current Profit/Loss | 5,086,898.93 | 60,823,435.06 | | Gains/Losses from Entrusted Investments or Asset Management | -4,928,662.07 | -4,928,662.07 | | Gains/Losses from Fair Value Changes of Financial Assets/Liabilities Held for Trading, and Investment Income from Disposal of Financial Assets/Liabilities Held for Trading and Available-for-Sale Financial Assets, excluding effective hedge accounting related to normal business operations | 13,180,360.90 | 10,442,592.50 | | Other Non-Operating Income and Expenses Apart from the Above | -1,577,661.43 | -1,713,005.03 | | Less: Income Tax Impact | 1,275,705.82 | 8,080,503.60 | | **Total** | **11,333,866.60** | **56,232,112.88** | - The company has not classified any non-recurring gains and losses items listed in 'Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public – Non-Recurring Gains and Losses' as recurring gains and losses[7](index=7&type=chunk) [Changes and Reasons for Key Accounting Data and Financial Indicators](index=3&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Notes receivable decreased by 74.11%, while accounts receivable financing and prepayments increased; short-term borrowings and current non-current liabilities significantly reduced, and financial expenses dropped 73.58% due to exchange gains, with fair value change gains up 678.33% from forward exchange contracts Balance Sheet Item Changes | Balance Sheet Item | Period-End Balance (RMB) | Period-Beginning Balance (RMB) | Change Rate | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Notes Receivable | 142,055,199.17 | 548,735,528.96 | -74.11% | Primarily due to a decrease in notes held to maturity at the end of the reporting period | | Accounts Receivable Financing | 225,177,440.28 | 97,088,156.37 | 131.93% | Primarily due to an increase in reclassified notes held for financing purposes at the end of the reporting period | | Prepayments | 254,797,884.07 | 36,721,034.81 | 593.87% | Primarily due to an increase in prepaid material costs at the end of the reporting period | | Other Receivables | 206,349,081.76 | 10,182,239.39 | 1926.56% | Primarily due to subsidiary payments for land deposits from the beginning of the year to the end of the reporting period | | Construction in Progress | 561,942,533.18 | 394,763,067.34 | 42.35% | Primarily due to subsidiary project investments from the beginning of the year to the end of the reporting period | | Deferred Income Tax Assets | 2,694,749.87 | 1,738,314.70 | 55.02% | Primarily due to an increase in impairment provisions at the end of the reporting period | | Short-term Borrowings | 458,462,626.58 | 945,495,381.04 | -51.51% | Primarily due to the company repaying some matured loans from the beginning of the year to the end of the reporting period | | Financial Liabilities Held for Trading | 0.00 | 3,219,800.00 | -100.00% | Primarily due to reclassification adjustment from floating gains on forward exchange contracts at the end of the reporting period | | Contract Liabilities | 165,418,769.16 | 23,895,384.93 | 592.26% | Primarily due to increased customer prepayments from the beginning of the year to the end of the reporting period | | Employee Benefits Payable | 33,152,475.62 | 70,165,733.81 | -52.75% | Primarily due to a decrease in accrued wages from the beginning of the year to the end of the reporting period | | Taxes Payable | 19,841,224.14 | 9,223,910.53 | 115.11% | Primarily due to an increase in taxes payable at the end of the reporting period | | Non-Current Liabilities Due Within One Year | 2,392,108.12 | 304,675,370.52 | -99.21% | Primarily due to repayment of some matured loans from the beginning of the year to the end of the reporting period | | Other Current Liabilities | 22,993,833.35 | 2,713,158.29 | 747.49% | Primarily due to an increase in unearned output VAT at the end of the reporting period | | Long-term Borrowings | 500,000,000.00 | 200,000,000.00 | 150.00% | Primarily due to an increase in two-year working capital loans from the beginning of the year to the end of the reporting period | | Share Capital | 1,342,540,451.00 | 837,956,198.00 | 60.22% | Primarily due to a capital reserve capitalization of 6 shares for every 10 shares to all shareholders from the beginning of the year to the end of the reporting period | | Other Comprehensive Income | 1,750,767.71 | 5,274,306.50 | -66.81% | Primarily due to a decrease in foreign currency financial statement translation differences from the beginning of the year to the end of the reporting period | | Minority Interests | 5,102,321.88 | 2,924,455.32 | 74.47% | Primarily due to profits from non-wholly owned subsidiaries from the beginning of the year to the end of the reporting period | Profit Statement Item Changes | Profit Statement Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | Change Rate | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Financial Expenses | -42,062,411.54 | -159,235,531.04 | -73.58% | Primarily due to a significant increase in exchange gains/losses in the prior year from the appreciation of USD and HKD (approximately RMB 135 million realized from H-share offering proceeds settlement) | | Other Income | 60,823,435.06 | 31,969,563.41 | 90.25% | Primarily due to an increase in government grants received from the beginning of the year to the end of the reporting period | | Investment Income | -4,617,108.54 | -10,628,128.41 | 56.56% | Primarily due to larger exchange losses from forward exchange contracts in the prior year | | Gains from Fair Value Changes | 10,442,592.50 | -1,805,660.00 | 678.33% | Primarily due to floating gains on forward exchange contracts at the end of the reporting period | | Credit Impairment Losses | 726,037.68 | -14,820,537.08 | -104.90% | Primarily due to a decrease in impairment provisions at the end of the reporting period | | Asset Impairment Losses | -21,530,601.44 | -6,896,747.21 | 212.18% | Primarily due to an increase in inventory write-down provisions at the end of the reporting period | | Gains from Asset Disposal | -311,743.98 | 401,723.20 | -177.60% | Primarily due to losses from disposal of fixed assets from the beginning of the year to the end of the reporting period | | Non-Operating Expenses | 1,789,771.75 | 746,301.99 | 139.82% | Primarily due to an increase in fixed asset disposal losses from the beginning of the year to the end of the reporting period | | Income Tax Expense | 38,374,257.56 | 55,191,156.04 | -30.47% | Primarily due to a decrease in profit from the beginning of the year to the end of the reporting period | [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) This section provides an overview of the company's common shareholders, including the total number, top ten shareholders' holdings, and changes in restricted shares [Total Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings](index=4&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had 61,665 common shareholders, with Jiangxi Ruide Venture Capital Co., Ltd. holding the largest stake at 28.83% and acting in concert with actual controllers - Total common shareholders at the end of the reporting period were **61,665** households[10](index=10&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | Share Status | Quantity (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Jiangxi Ruide Venture Capital Co., Ltd. | Domestic Non-State-Owned Legal Person | 28.83% | 387,100,160 | Pledged | 16,000,000 | | HKSCC NOMINEES LIMITED | Overseas Legal Person | 14.95% | 200,745,600 | - | - | | Ganzhou Industrial Investment Holding Group Co., Ltd. | State-Owned Legal Person | 5.15% | 69,120,000 | - | - | | Goldwind Investment Holding Co., Ltd. | Domestic Non-State-Owned Legal Person | 4.99% | 67,036,352 | - | - | | Shaanxi Coal Industry Co., Ltd. | State-Owned Legal Person | 3.99% | 53,631,950 | - | - | | Ganzhou Xinsheng Investment Management Center (Limited Partnership) | Domestic Non-State-Owned Legal Person | 1.75% | 23,536,435 | - | - | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 1.54% | 20,724,693 | - | - | | Tianan Life Insurance Co., Ltd. - Dividend Product | Other | 0.77% | 10,367,500 | - | - | | Huatai-PineBridge Fund Management Co., Ltd. - Social Security Fund 17022 Portfolio | Other | 0.67% | 8,997,280 | - | - | | Ganzhou Geshuo Investment Management Center (Limited Partnership) | Domestic Non-State-Owned Legal Person | 0.64% | 8,603,174 | Pledged | 3,504,000 | - Jiangxi Ruide Venture Capital Co., Ltd., the company's actual controllers Cai Baogui, Hu Zhibin, Li Xinnong, and Ganzhou Xinsheng Investment Management Center (Limited Partnership), Ganzhou Geshuo Investment Management Center (Limited Partnership) are concerted parties[11](index=11&type=chunk) [Changes in Restricted Shares](index=5&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Restricted shares of executives and equity incentive recipients changed, with some released due to unlocking conditions or resignation, and others increased due to capital reserve capitalization Restricted Shares Changes | Shareholder Name | Restricted Shares at Period Beginning (shares) | Restricted Shares Released in Current Period (shares) | Restricted Shares Increased in Current Period (shares) | Restricted Shares at Period End (shares) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | :--- | | Cai Baogui | 480,000 | 0 | 288,000 | 768,000 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Hu Zhibin | 720,000 | 0 | 432,000 | 1,152,000 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Mao Huayun | 1,440,600 | 360,150 | 832,590 | 1,913,040 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Lv Feng | 968,160 | 174,450 | 793,026 | 1,586,736 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Huang Changyuan | 630,600 | 0 | 378,360 | 1,008,960 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Lu Ming | 626,160 | 0 | 560,016 | 1,186,176 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Yu Han | 723,000 | 0 | 618,120 | 1,341,120 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Xie Hui | 623,760 | 107,175 | 448,191 | 964,776 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Yi Pengpeng | 153,600 | 19,200 | 176,640 | 311,040 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Other Equity Incentive Recipients | 523,488 | 14,016 | 305,683 | 815,155 | Equity incentive restricted shares, restricted shares from capital reserve capitalization | | **Total** | **6,889,368** | **674,991** | **4,832,626** | **11,047,003** | -- | - Reasons for restriction include executive restrictions, equity incentive restricted shares, and restricted shares from capital reserve capitalization; proposed release dates are typically 25% market circulation annually during tenure or upon meeting equity incentive unlocking conditions[12](index=12&type=chunk) [Other Significant Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) In Q1-Q3 2023, the rare earth permanent magnet industry faced price volatility and competition; the company responded by optimizing procurement, R&D, and formulations, leading to a 15.18% increase in high-performance material output and 26.19% revenue growth in new energy vehicles - In the first three quarters of 2023, the rare earth permanent magnet industry was affected by fluctuations in rare earth raw material prices (average price of praseodymium-neodymium metal decreased by approximately **39%** year-over-year) and intensified industry competition[13](index=13&type=chunk)[14](index=14&type=chunk) - Company management promptly adopted a more cautious rare earth raw material procurement and inventory strategy, continuously increasing R&D investment and optimizing formulations to achieve cost reduction and efficiency improvement[14](index=14&type=chunk) Key Performance Indicators (Q1-Q3 2023) | Indicator | Amount/Percentage | YoY Change | Remarks | | :--- | :--- | :--- | :--- | | Operating Revenue | RMB 5.05 billion | Decreased by 3.13% | | | R&D Expense Investment | RMB 256 million | Increased by 15.99% | Proportion of operating revenue increased from 4.24% to 5.08% | | Net Profit Attributable to Shareholders | RMB 494 million | Decreased by 28.03% | | | Net Cash Flow from Operating Activities | RMB 817 million | Significant increase | | | Total Output of High-Performance Rare Earth Permanent Magnet Materials | 10,965 tons | Increased by 15.18% | | | Output of Products Using Grain Boundary Diffusion Technology | 9,364 tons | Increased by 36.20% | Accounts for 85.40% of total output, an increase of 13.19 percentage points | | Revenue from New Energy Vehicles and Automotive Components | RMB 2.41 billion | Increased by 26.19% | | | Revenue from Energy-Saving Inverter Air Conditioners | RMB 1.058 billion | - | | | Revenue from Wind Power Generation | RMB 444 million | - | | | Revenue from Robotics and Industrial Servo Motors | RMB 165 million | - | | - The company received an **A-grade (Excellent)** assessment result for the fourth consecutive year in the Shenzhen Stock Exchange ChiNext Board listed companies' 2022 annual information disclosure assessment, indicating continuous improvement and optimization of corporate governance[14](index=14&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the consolidated balance sheet, income statement, and cash flow statement for the period, along with explanations of accounting policy changes and the unaudited status of the report [Consolidated Balance Sheet](index=6&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2023, total assets reached RMB 11.397 billion, up 1.57%; notes receivable decreased significantly, while accounts receivable financing and prepayments increased, and long-term borrowings surged 150% Consolidated Balance Sheet (as of September 30, 2023) | Item | September 30, 2023 (RMB) | January 1, 2023 (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | **Total Assets** | **11,396,576,497.07** | **11,220,455,751.51** | **1.57%** | | Cash and Cash Equivalents | 3,961,648,385.36 | 4,130,247,580.42 | -4.08% | | Notes Receivable | 142,055,199.17 | 548,735,528.96 | -74.11% | | Accounts Receivable Financing | 225,177,440.28 | 97,088,156.37 | 131.93% | | Prepayments | 254,797,884.07 | 36,721,034.81 | 593.87% | | Other Receivables | 206,349,081.76 | 10,182,239.39 | 1926.56% | | Construction in Progress | 561,942,533.18 | 394,763,067.34 | 42.35% | | **Total Liabilities** | **4,313,566,758.75** | **4,432,680,970.12** | **-2.70%** | | Short-term Borrowings | 458,462,626.58 | 945,495,381.04 | -51.51% | | Contract Liabilities | 165,418,769.16 | 23,895,384.93 | 592.26% | | Long-term Borrowings | 500,000,000.00 | 200,000,000.00 | 150.00% | | **Total Owners' Equity** | **7,083,009,738.32** | **6,787,774,781.39** | **4.35%** | | Share Capital | 1,342,540,451.00 | 837,956,198.00 | 60.22% | | Capital Reserve | 3,992,128,401.05 | 4,474,713,262.18 | -10.80% | [Consolidated Income Statement Year-to-Date](index=8&type=section&id=2%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) Year-to-date, total operating revenue decreased by 3.13%, operating profit by 27.79%, and net profit by 27.76%; financial expenses significantly reduced by 73.58%, while other income and fair value change gains notably increased Consolidated Income Statement (Year-to-Date) | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | **I. Total Operating Revenue** | **5,050,397,446.30** | **5,213,439,457.10** | **-3.13%** | | Operating Cost | 4,212,581,133.37 | 4,244,820,838.99 | -0.76% | | Selling Expenses | 21,233,426.19 | 26,124,387.26 | -18.72% | | Administrative Expenses | 92,647,753.10 | 116,644,584.51 | -20.57% | | R&D Expenses | 256,427,987.21 | 221,078,951.52 | 15.99% | | Financial Expenses | -42,062,411.54 | -159,235,531.04 | -73.58% | | Other Income | 60,823,435.06 | 31,969,563.41 | 90.25% | | Investment Income | -4,617,108.54 | -10,628,128.41 | 56.56% | | Gains from Fair Value Changes | 10,442,592.50 | -1,805,660.00 | 678.33% | | Credit Impairment Losses | 726,037.68 | -14,820,537.08 | -104.90% | | Asset Impairment Losses | -21,530,601.44 | -6,896,747.21 | 212.18% | | **III. Operating Profit** | **537,073,231.22** | **743,752,661.10** | **-27.79%** | | **V. Net Profit** | **496,985,968.63** | **687,862,534.06** | **-27.76%** | | Net Profit Attributable to Parent Company Shareholders | 494,265,422.45 | 686,732,677.01 | -28.03% | | Basic Earnings Per Share | 0.3683 | 0.5218 | -29.42% | [Consolidated Cash Flow Statement Year-to-Date](index=10&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Year-to-date, net operating cash flow surged 297.77% to RMB 817 million due to increased sales; investing cash outflow decreased, but financing cash inflow dropped significantly, turning net financing cash flow negative Consolidated Cash Flow Statement (Year-to-Date) | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Cash Received from Sales of Goods and Services | 5,624,297,171.82 | 4,081,748,934.70 | 37.78% | | Cash Received Relating to Other Operating Activities | 204,230,803.84 | 143,347,901.28 | 42.48% | | Cash Paid for Goods and Services | 4,363,629,214.17 | 4,191,157,448.03 | 4.11% | | Cash Paid to and on Behalf of Employees | 435,569,355.58 | 359,340,713.93 | 21.21% | | **Net Cash Flow from Operating Activities** | **817,005,984.24** | **-413,113,053.92** | **297.77%** | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 366,815,585.16 | 427,408,748.09 | -14.29% | | Cash Paid for Investments | 32,493,041.42 | 294,596,850.89 | -88.99% | | **Net Cash Flow from Investing Activities** | **-397,732,235.40** | **-632,588,927.81** | **37.13% (Outflow decreased)** | | Cash Received from Investments | 14,889,710.13 | 3,349,064,462.13 | -99.56% | | Cash Received from Borrowings | 724,045,196.27 | 912,179,308.31 | -20.62% | | Cash Paid for Repayment of Debts | 1,332,678,391.83 | 1,149,532,001.20 | 15.93% | | **Net Cash Flow from Financing Activities** | **-632,439,062.02** | **2,793,933,430.54** | **-122.60% (Turned from positive to negative)** | | Net Increase in Cash and Cash Equivalents | -213,930,280.44 | 1,910,158,223.80 | -111.20% | [Adjustments to Financial Statement Items at the Beginning of the First Year of Adopting New Accounting Standards from 2023](index=11&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%202023%20%E5%B9%B4%E8%B5%B7%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E8%B0%83%E6%95%B4%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E5%BD%93%E5%B9%B4%E5%B9%B4%E5%88%9D%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9B%B8%E5%85%B3%E9%A1%B9%E7%9B%AE%E6%83%85%E5%86%B5) Effective January 1, 2023, the company adopted 'Interpretation No. 16 of Accounting Standards' for deferred income tax on single transactions, which had no net impact on the consolidated balance sheet after offsetting - Effective January 1, 2023, the company adopted the Ministry of Finance's 'Interpretation No. 16 of Accounting Standards for Business Enterprises' regarding the accounting treatment that deferred income tax related to assets and liabilities arising from a single transaction is not exempt from initial recognition[22](index=22&type=chunk) - This accounting policy change led to the separate recognition of deferred income tax assets and liabilities for lease liabilities and right-of-use assets involved in single transactions at the beginning of the first year of adoption; however, the net amount after offsetting deferred tax assets and liabilities was equal to the amount originally recognized on a net basis, thus having no impact on consolidated balance sheet items[22](index=22&type=chunk)[23](index=23&type=chunk) Deferred Income Tax Impact | Item | Before Policy Change (RMB) | Impact of Change (RMB) | After Policy Change (RMB) | | :--- | :--- | :--- | :--- | | Deferred Income Tax Assets Before Offsetting | 25,930,062.84 | 1,185,295.64 | 27,115,358.48 | | Deferred Income Tax Liabilities Before Offsetting | 55,807,343.20 | 1,185,295.64 | 56,992,638.84 | | Offset Amount | 24,191,748.14 | 1,185,295.64 | 25,377,043.78 | | Deferred Income Tax Assets After Offsetting | 1,738,314.70 | - | 1,738,314.70 | | Deferred Income Tax Liabilities After Offsetting | 31,615,595.06 | - | 31,615,595.06 | [Audit Report](index=12&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's 2023 third-quarter report is unaudited - The company's third-quarter report is unaudited[25](index=25&type=chunk)