BYT(BJ:836675)2023-10-29 16:00Financial Performance - Operating revenue for the first nine months of 2023 reached CNY 347,251,302.28, an increase of 18.07% from CNY 294,105,136.94 in the same period last year[11] - Net profit attributable to shareholders for the first nine months of 2023 was CNY 50,822,038.72, up 10.88% from CNY 45,834,825.39 year-on-year[11] - The company reported a decrease in net profit for Q3 2023, with a net profit of CNY 13,083,393.80, down 7.36% from CNY 14,123,477.96 in Q3 2022[11] - The net profit for the reporting period was CNY 45,884,150.82, showing a marginal increase from CNY 45,834,825.39 in the previous period[18] - Basic earnings per share rose to ¥0.30 in 2023 from ¥0.27 in 2022, reflecting a 11.1% increase[47] Cash Flow - Cash flow from operating activities showed a significant increase of 257.95%, totaling CNY 51,799,710.47, compared to a negative cash flow of CNY -32,795,878.65 in the previous year[11] - Cash inflows from operating activities amounted to CNY 284,414,779.68, up from CNY 164,415,050.57, representing an increase of about 73%[52] - The net cash flow from operating activities was CNY 51,799,710.47, a significant improvement from a net outflow of CNY 32,795,878.65 in the previous period[52] - The company reported a net cash inflow from financing activities of CNY 1,517,818.09, recovering from a net outflow of CNY 9,185,470.70 in the previous period[52] - The company experienced a net increase in cash and cash equivalents of CNY 37,097,458.46, contrasting with a net decrease of CNY 44,969,336.75 in the previous period[53] Assets and Liabilities - Total assets increased by 6.34% to CNY 896,833,090.81 as of September 30, 2023, compared to CNY 843,339,618.45 at the end of 2022[11] - Total liabilities at the end of the reporting period were CNY 303,184,017.06, compared to CNY 302,823,239.52 at the end of the previous year[17] - Total liabilities rose to ¥332,372,968.80 from ¥303,184,017.06, marking an increase of approximately 9.3%[39] - The company's total assets reached ¥896,833,090.81, compared to ¥843,339,618.45 at the end of 2022, showing an increase of about 6.3%[38] - The company's equity attributable to shareholders increased to ¥564,460,122.01 from ¥540,155,601.39, reflecting a growth of approximately 4.5%[39] Inventory and Borrowings - The company's inventory rose by 64.59% to CNY 289,962,133.96, reflecting an increase in product reserves to meet customer demand[13] - Short-term borrowings surged by 269.18% to CNY 60,054,722.22, primarily due to new loans taken to meet operational needs[13] - Short-term borrowings surged to ¥60,054,722.22 from ¥16,267,236.75, indicating a significant increase of about 268.5%[38] Other Income and Expenses - Other income rose by 107.18% to CNY 9,262,948.78, driven by increased sales of products eligible for VAT refunds[13] - Sales expenses increased by 53.57% to CNY 7,460,527.75, attributed to higher rental costs for temporary storage facilities[13] - Total operating costs increased to ¥297,127,369.57, up 21.3% from ¥244,871,535.10 year-over-year[44] - Research and development expenses for the first nine months of 2023 were ¥12,627,197.07, slightly up from ¥11,857,838.19 in 2022[44] - Other income increased significantly to ¥9,262,948.78 from ¥4,470,902.91 year-over-year, showing a growth of 107.9%[44] Shareholder Information - The company has a total of 172,198,000 shares outstanding, with 5,737 shareholders[21] - Major shareholders include 樊荣 with 46.72% and 桑红梅 with 24.39% of the shares[21] - The company has granted a total of 1,138,400 restricted shares that have not yet been released from restrictions as of the end of the reporting period[28] - A total of 179,600 restricted shares were released from restrictions during the reporting period, accounting for 0.1043% of the company's total share capital[28] - The company distributed a cash dividend of $1.50 per 10 shares on June 6, 2023, which adjusted the repurchase price of restricted shares to $4.85 per share[28]