Bingshan(000530)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥1,274,571,520.64, representing a 69.43% increase compared to ¥752,258,640.60 in the same period last year[5] - Net profit attributable to shareholders was ¥14,469,128.62, a significant turnaround from a loss of ¥21,540,127.71, marking a 167.17% increase year-over-year[5] - The basic earnings per share improved to ¥0.02 from a loss of ¥0.03, reflecting a 166.67% increase[5] - The company reported a 76.22% increase in revenue for the year-to-date period, totaling ¥3,602,108,233.69, up from ¥2,044,117,549.31[5] - Operating profit for the first nine months of 2023 was CNY 78,477,353.71, compared to CNY 13,447,133.64 in the previous year, indicating a substantial increase of about 484.5%[17] - Net profit for the first nine months of 2023 was CNY 75,785,230.31, up from CNY 10,888,347.23 in 2022, reflecting an increase of approximately 594.5%[17] - Basic earnings per share for the first nine months of 2023 were CNY 0.09, compared to CNY 0.01 in the same period of 2022, representing a significant increase of 800%[18] - The company reported a total sales revenue of CNY 3,229,896,254.25 for the first nine months of 2023, compared to CNY 1,829,040,062.90 in the same period of 2022, marking an increase of approximately 76.6%[20] Assets and Liabilities - Total assets increased by 8.51% to ¥8,248,498,357.51 compared to the previous year-end[5] - Total assets as of September 30, 2023, reached CNY 8,248,498,357.51, an increase from CNY 7,601,935,329.60 at the beginning of the year[14] - Current assets totaled CNY 5,383,469,862.88, up from CNY 4,874,619,203.51 at the start of the year, indicating a growth of approximately 10.4%[14] - Total liabilities amounted to CNY 5,383,469,862.88, with short-term borrowings at CNY 288,908,174.90, up from CNY 274,052,990.15[14] - Total liabilities as of the end of Q3 2023 amounted to CNY 5,120,876,449.45, up from CNY 4,541,666,526.77 at the end of Q3 2022, representing an increase of approximately 12.7%[17] - The total equity attributable to shareholders of the parent company was CNY 3,069,642,234.61 as of Q3 2023, compared to CNY 3,006,190,831.84 in the previous year, showing a growth of about 2.1%[17] Cash Flow - Cash flow from operating activities improved significantly, with a net increase of ¥128,630,000, attributed to higher sales orders and improved collections[9] - For the first nine months of 2023, the cash inflow from operating activities was CNY 3,330,238,860.43, a significant increase from CNY 1,902,957,723.53 in the same period of 2022, representing a growth of approximately 75.0%[20] - The net cash flow from operating activities was negative at CNY -166,271,484.31, an improvement compared to CNY -294,901,573.59 in the previous year[20] - The cash inflow from financing activities was CNY 362,508,174.90, slightly up from CNY 344,248,036.29 in the same period last year[20] - The net cash flow from financing activities increased to CNY 25,165,422.52, compared to CNY 5,605,229.88 in the previous year, indicating improved financing conditions[20] - The total cash and cash equivalents at the end of the period stood at CNY 730,187,956.45, up from CNY 372,641,826.36 at the end of the same period last year[20] Research and Development - Research and development expenses surged by 119.80%, indicating increased investment in innovation and technology[9] - Research and development expenses for the first nine months of 2023 totaled CNY 115,096,900.39, compared to CNY 52,363,696.66 in the same period last year, marking an increase of about 119.9%[17] Shareholder Information - The company reported a total of 50,299 shareholders at the end of the reporting period, with 43,121 A-share and 7,178 B-share holders[12] - Major shareholder Dalian Iceberg Group holds 20.27% of the shares, while SANYO Electric Co., Ltd. holds 8.72%[12] Other Information - The company completed a major asset restructuring in November 2022, contributing to increased profits from newly consolidated subsidiaries[5] - The company anticipates continued growth driven by increased orders and market expansion efforts in the cooling and heating sectors[5] - The company has not undergone an audit for the third quarter report[22]