SINO-HIGH(301076)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥100,643,815.09, representing a 6.50% increase year-over-year and a 19.06% increase for the year-to-date period[5]. - Net profit attributable to shareholders decreased by 17.07% in Q3 2023 to ¥18,291,041.10, with a year-to-date decrease of 2.40% to ¥70,117,655.89[5]. - The basic and diluted earnings per share for Q3 2023 were both ¥0.14, down 12.50% compared to the same period last year[5]. - The company's operating revenue for the first nine months of 2023 reached ¥330,152,636.42, representing a year-on-year increase of 19.06% due to higher sales of specialty engineering plastics and cosmetic raw materials[10]. - The total operating revenue for the third quarter of 2023 reached ¥330,152,636.42, an increase of 19.1% compared to ¥277,292,591.27 in the same period last year[20]. - The net profit for Q3 2023 was CNY 70,117,655.89, a decrease of 2.4% compared to CNY 71,844,712.48 in Q3 2022[22]. - The basic and diluted earnings per share for Q3 2023 were both CNY 0.52, down from CNY 0.53 in the same period last year[22]. Assets and Liabilities - Total assets as of September 30, 2023, were ¥1,214,537,078.26, a decrease of 3.05% from the end of the previous year[5]. - The total liabilities decreased to ¥119,909,594.56 from ¥171,325,791.36, marking a reduction of 30.0%[19]. - The company's total equity attributable to shareholders increased by 1.22% to ¥1,094,627,483.70 compared to the end of the previous year[5]. - The company's equity attributable to shareholders increased to ¥1,094,627,483.70, up from ¥1,081,405,604.96, reflecting a growth of 1.2%[19]. Cash Flow - Cash flow from operating activities showed a significant decline of 79.18% year-to-date, amounting to ¥15,989,293.21[5]. - The net cash flow from operating activities decreased by 79.18% to ¥15,989,293.21, mainly due to increased cash payments for purchased goods[10]. - The net cash flow from investing activities improved by 231.40% to ¥200,146,653.22, primarily due to a reduction in idle fund management investments[10]. - The net cash flow from financing activities worsened by 55.16% to -¥62,114,350.00, mainly due to increased dividend distributions[10]. - The cash flow from financing activities showed a net outflow of CNY 62,114,350.00, compared to a net outflow of CNY 40,032,900.00 in Q3 2022[25]. Inventory and Production - Inventory increased by 97.99% to ¥94,602,350.12, attributed to expanded production capacity and increased raw material stock[9]. - Operating costs increased by 22.88% to ¥219,730,392.40, primarily due to rising depreciation and labor costs as new production facilities ramped up capacity[10]. - The total operating costs amounted to ¥256,570,913.62, up 26.0% from ¥203,770,178.41 year-on-year[20]. - Research and development expenses for the quarter were ¥12,370,956.36, an increase of 6.7% compared to ¥11,588,137.71 in the previous year[20]. Expenses - The company's tax and additional charges surged by 264.47% to ¥2,762,011.65, mainly driven by increases in urban construction tax and property tax[10]. - Sales expenses rose by 37.30% to ¥3,308,786.99, attributed to higher marketing costs including wages and travel expenses[10]. - Management expenses increased by 36.32% to ¥26,693,464.20, primarily due to higher share-based payment expenses[10]. Shareholder Information - The company had a total of 8,578 ordinary shareholders at the end of the reporting period, with the top ten shareholders holding significant stakes[12]. Other Income - The company reported a significant increase in other income by 335.31% to ¥95,829.62, mainly from personal income tax refunds[10].