LEEJUN(002651)2023-11-27 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥238,315,433.54, representing a 44.25% increase compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥44,258,147.61, up 30.46% year-on-year[5] - The net profit after deducting non-recurring gains and losses for Q3 2023 was ¥43,145,061.41, reflecting a 29.24% increase from the previous year[5] - The revenue for the first nine months of 2023 totaled ¥869,928,511.87, which is a 48.59% increase compared to the same period in 2022[11] - The operating revenue for the first three quarters of 2023 reached 188,263,436.67 RMB, a significant increase of 319.85% compared to 44,840,569.99 RMB in the same period of 2022[13] - The company reported a net profit increase, with retained earnings rising to RMB 964.87 million from RMB 776.22 million at the beginning of the year[26] - The net profit for Q3 2023 was CNY 229,995,605.39, an increase of 70% compared to CNY 135,486,546.04 in Q3 2022[29] - Operating profit reached CNY 269,424,515.20, up from CNY 158,735,846.89, reflecting a growth of approximately 69.7% year-over-year[29] - The company reported a total comprehensive income of CNY 234,155,186.62, compared to CNY 144,456,463.11 in Q3 2022, indicating a substantial increase[29] Assets and Liabilities - The total assets as of September 30, 2023, amounted to ¥3,345,687,589.60, a decrease of 3.50% from the end of the previous year[5] - The company's total liabilities decreased to RMB 541.25 million from RMB 871.43 million at the beginning of the year, a reduction of 37.8%[26] - The company's inventory decreased to RMB 354.21 million from RMB 518.09 million at the beginning of the year, reflecting a reduction of 31.6%[24] - The cash and cash equivalents at the end of the period stood at CNY 988,003,349.04, a slight increase from CNY 1,012,278,096.55 at the end of Q3 2022[32] Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥188,263,436.67, showing a significant increase of 319.85%[5] - The net cash flow from operating activities for the first nine months of 2023 was 188,263,436.67 RMB, compared to 44,840,569.99 RMB in the same period of 2022[13] - Cash flow from operating activities generated a net amount of CNY 188,263,436.67, significantly higher than CNY 44,840,569.99 in the previous year[31] Expenses and Income - The sales expenses increased by 137.40% to 54,722,689.14 RMB, primarily due to increased sales agent service fees and performance incentives for sales personnel[12] - Other income surged by 246.30% to 20,449,894.89 RMB, mainly from VAT refunds and government subsidies related to daily operations[12] - The company reported a 78.95% increase in income tax expenses, amounting to 41,511,428.17 RMB, due to higher operating revenue and total profit[12] - The financial expenses decreased by 31.38% to -26,502,480.85 RMB, attributed to increased interest income from time deposits[12] Investments and Future Plans - The company plans to continue expanding its aerospace and grinding system businesses, which have shown strong revenue growth[11] - The company plans to invest 50 million RMB in the expansion and technological upgrade of its production workshop[17] - The company has authorized the use of up to 300 million RMB of idle funds for cash management activities[18] - The company approved a foreign exchange hedging business for its wholly-owned subsidiary, with a limit of up to 100 million USD[20] - The company plans to purchase office property in Singapore for up to USD 10 million through its wholly-owned subsidiary[23] Shareholder Information - The company has released 3.192 million shares for trading as part of its second restricted stock incentive plan[22] - Basic and diluted earnings per share were both CNY 0.22, up from CNY 0.13 in the same quarter last year[29] Other Notable Information - The company's technology center was recognized as a national enterprise technology center in March 2023[19] - The company approved a credit facility of up to RMB 200 million from HSBC and RMB 100 million from China Merchants Bank, valid for three years[21]