Financial Performance - Operating revenue for the first three quarters of 2023 was CNY 72,806,776.10, down 4.26% year-on-year[9] - Net profit attributable to shareholders for the first three quarters of 2023 was CNY 13,161,006.95, a decline of 11.75% compared to the same period last year[9] - In Q3 2023, operating revenue increased by 18.48% to CNY 25,536,679.07 compared to Q3 2022[9] - Net profit attributable to shareholders in Q3 2023 was CNY 4,180,135.20, up 24.25% year-on-year[9] - Total operating revenue for the first nine months of 2023 was CNY 72,806,776.10, a decrease of 3.2% compared to CNY 76,043,856.38 in the same period of 2022[33] - Net profit for the first nine months of 2023 was CNY 13,161,006.95, a decrease of 11.7% compared to CNY 14,913,517.43 in the same period of 2022[34] - Operating profit for the first nine months of 2023 was CNY 15,252,477.85, down from CNY 16,816,468.15 in 2022, reflecting a decline of approximately 9.3%[34] - Total comprehensive income for the first nine months of 2023 was CNY 13,161,006.95, compared to CNY 14,913,517.43 in 2022, indicating a decline of approximately 11.7%[35] Assets and Liabilities - Total assets as of September 30, 2023, were CNY 355,826,950.46, a decrease of 0.78% compared to the end of 2022[9] - The company reported a net asset total of CNY 328,786,921.61 as of September 30, 2023, compared to CNY 325,945,914.66 at the end of 2022[31] - The company had a total liability of CNY 27,040,028.85 as of September 30, 2023, down from CNY 32,678,363.99 at the end of 2022[31] - Cash and cash equivalents amounted to CNY 94,950,466.44 as of September 30, 2023, an increase from CNY 87,188,749.75 at the end of 2022[29] - Accounts receivable decreased to CNY 62,816,681.00 from CNY 87,317,073.05 year-over-year[29] - Inventory increased to CNY 47,886,827.53 from CNY 39,262,722.52 year-over-year[29] Cash Flow - The company’s cash flow from operating activities for the first three quarters of 2023 was CNY 6,294,025.20, a decrease of 64.50% compared to the previous year[9] - Total operating cash flow decreased by 64.50% to CNY 6,294,025.20 due to changes in settlement methods and increased tax payments[12] - Cash flow from operating activities for the first nine months of 2023 was CNY 6,294,025.20, significantly lower than CNY 17,727,763.55 in 2022, indicating a decline of about 64.5%[38] - Cash flow from investing activities generated a net inflow of CNY 8,542,254.32 in 2023, compared to a net outflow of CNY 61,388,252.49 in 2022, showing a substantial turnaround[39] - Total cash and cash equivalents at the end of September 2023 amounted to CNY 94,950,466.44, an increase from CNY 49,318,721.72 at the end of September 2022[39] Expenses and Financial Metrics - The weighted average return on equity for the first three quarters of 2023 was 4.00%, down from 5.46% in the same period last year[9] - Financial expenses increased by 260.05% to CNY -636,090.17, attributed to high interest rates on special accounts[12] - Other income decreased by 45.42% to CNY 238,803.53, with no similar government subsidies in the current period[12] - Credit impairment losses increased by 227.11% to CNY 1,141,623.97, due to a reduction in accounts receivable[12] - Non-operating expenses surged by 2,380.66% to CNY 400,130.22, driven by significant restructuring losses and quality-related deductions[12] - Research and development expenses increased to CNY 5,497,853.38 in 2023 from CNY 5,191,133.68 in 2022, representing a growth of approximately 5.9%[34] - The basic earnings per share for the first nine months of 2023 was CNY 0.15, down from CNY 0.20 in the same period of 2022, reflecting a decrease of 25%[35] - The company reported a significant increase in sales expenses, which rose to CNY 4,210,247.80 in 2023 from CNY 3,774,897.89 in 2022, marking an increase of about 11.5%[34] Shareholder Information - The total number of ordinary shares remained at 86,000,000, with no changes during the reporting period[17] - Major shareholders include Wei Wenxu with 22.32% and Ma Junqiang with 16.76% of total shares[18] - The company has no pledged or judicially frozen shares among the top ten shareholders[20] Other Information - The company resolved a contract dispute with Changzhou Honghuang New Materials Co., Ltd., resulting in a compensation payment of CNY 2,392,311.22[25] - The company has no new litigation or arbitration matters reported during the period[23] - All disclosed commitments were fulfilled within the reporting period, with no violations noted[25] - Contract liabilities surged by 547.94% to CNY 236,064.44 as new customers began prepaying for goods[11] - The construction in progress increased by 73.65% to CNY 26,114,529.14, driven by ongoing projects in new energy[11]
科创新材(833580) - 2023 Q3 - 季度财报