Financial Performance - The company's operating revenue for Q3 2023 was ¥894,852,801.85, representing a 21.79% increase compared to ¥734,720,776.57 in the same period last year[3] - The net profit attributable to shareholders for Q3 2023 was ¥24,189,758.27, a 15.61% increase from ¥20,948,348.14 in the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 30.69% to ¥14,808,590.25 from ¥21,388,861.32 in the same period last year[3] - The company reported non-recurring gains of ¥9,381,168.02 for Q3 2023, down from ¥18,034,937.93 in the previous year[6] - The company’s net profit for the year-to-date decreased by 25.27% to ¥62,433,292.94 from ¥83,549,144.54 in the same period last year[3] - Basic earnings per share for Q3 2023 was ¥0.045, a 15.38% increase from ¥0.039 in the same period last year[4] - Net profit for the current period was CNY 62,433,292.94, a decrease of 25.3% from CNY 83,547,203.77 in the previous period[17] - Basic and diluted earnings per share for the current period were both CNY 0.117, down from CNY 0.156 in the previous period[18] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥107,044,084.81, an improvement of 31.35% compared to -¥155,922,047.13 in the previous year[3] - The net cash flow from operating activities for Q3 2023 was -107,044,084.81 CNY, compared to -155,922,047.13 CNY in Q3 2022, indicating an improvement of approximately 31% year-over-year[21] - Total cash inflow from investing activities was 76,444,755.22 CNY, significantly higher than 9,560.00 CNY in the same period last year[21] - The total cash and cash equivalents at the end of Q3 2023 amounted to 454,384,095.68 CNY, down from 839,761,974.39 CNY at the end of Q3 2022[21] - The company reported a total operating cash outflow of 2,165,362,426.53 CNY, which is an increase of approximately 14% from 1,890,030,892.78 CNY in Q3 2022[21] - The cash inflow from financing activities in Q3 2023 was 1,265,000,000.00 CNY, compared to 911,000,000.00 CNY in Q3 2022, marking an increase of about 39%[21] - Total assets at the end of Q3 2023 were ¥4,015,008,041.09, reflecting a 12.41% increase from ¥3,571,453,076.35 at the end of the previous year[4] - Total current assets as of September 30, 2023, amount to RMB 3,046,815,193.65, an increase from RMB 2,667,444,856.66 at the beginning of the year[12] - The company has a total of 968,192,847.44 in non-current assets, up from RMB 904,220,245.09[13] Liabilities and Shareholder Information - The total liabilities increased to CNY 2,501,949,693.93 from CNY 2,089,783,481.28, indicating a growth of 19.8%[17] - Short-term borrowings increased to RMB 616,450,582.71 from RMB 534,536,920.12[13] - Total number of common shareholders at the end of the reporting period is 47,692[9] - The largest shareholder, Xiangtan Steel Group Co., Ltd., holds 41.80% of shares, totaling 223,363,200 shares[9] Accounting Changes - The company has adjusted its accounting policies effective January 1, 2023, impacting various financial statement items[4] - The company executed new accounting standards starting January 1, 2023, which impacted deferred tax assets and liabilities, adjusting the retained earnings and other financial statement items accordingly[22] - The company’s deferred tax assets were adjusted to 30,500,983.31 CNY as of December 31, 2022, from 212,025.40 CNY, reflecting a significant increase[22] - The income tax expense for the period from January to September 2022 was adjusted to 11,061,081.27 CNY, up from 1,940.77 CNY[22] Operating Costs and Expenses - Total operating costs amounted to CNY 2,490,719,675.66, up from CNY 2,039,211,432.25, reflecting a growth of 22.2%[16] - Research and development expenses increased to CNY 82,075,519.11, compared to CNY 68,322,362.82, marking a rise of 20.1%[17] - The company reported an investment income of CNY 16,355,046.54, significantly higher than CNY 1,940,584.64 in the previous period[17] - Other comprehensive income after tax for the current period was CNY -4,535,366.25, compared to CNY -2,444,068.75 in the previous period[18] Inventory and Receivables - Accounts receivable increased to RMB 1,324,888,881.51 from RMB 861,411,110.99, reflecting a growth of approximately 54%[12] - Inventory as of September 30, 2023, is RMB 472,518,238.50, up from RMB 415,952,421.60[13] - The company reported a decrease in other receivables from RMB 310,516,536.88 to RMB 43,812,330.18[13]
华菱线缆(001208) - 2023 Q3 - 季度财报