TonyShare(BJ:839167)2023-10-24 16:00Financial Performance - Operating revenue for the first nine months of 2023 reached CNY 1,604,215,953.76, a growth of 68.96% from CNY 949,445,490.33 in the same period last year[11]. - In Q3 2023, operating revenue surged by 146.60% to CNY 668,626,552.75, compared to CNY 271,134,641.90 in Q3 2022[11]. - Net profit attributable to shareholders increased by 112.80% to CNY 81,309,630.73, up from CNY 38,210,059.14 year-on-year[11]. - The net profit for the period was ¥81,135,189.67, reflecting a growth of 112.34% year-over-year[14]. - Total operating revenue for the first nine months of 2023 reached ¥1,604,215,953.76, a significant increase from ¥949,445,490.33 in the same period of 2022, representing a growth of approximately 68.8%[47]. - The total profit for the first nine months of 2023 was ¥86,793,723.94, compared to ¥39,491,005.72 in 2022, reflecting an increase of approximately 119.9%[48]. Assets and Liabilities - Total assets increased by 81.68% to CNY 1,807,441,941.61 as of September 30, 2023, compared to CNY 994,870,120.38 at the end of the previous year[11]. - The company's total liabilities to assets ratio increased to 70.42% as of September 30, 2023, compared to 54.05% at the end of the previous year[11]. - Total liabilities reached CNY 1,272,777,261.41, compared to CNY 537,702,592.92, representing an increase of approximately 136.5%[40]. - Owner's equity rose to CNY 534,664,680.20, up from CNY 457,167,527.46, reflecting an increase of about 16.9%[41]. - The total liabilities included lease liabilities of ¥3,370,848.98, reflecting a 100% increase as the company expanded its operational footprint[14]. Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -192,121,233.07 for the year-to-date, worsening from CNY -16,136,419.88 in the previous year[11]. - The net cash flow from operating activities for the first nine months of 2023 was -¥190.02 million, compared to -¥16.14 million in the same period of 2022, indicating a decline in operational cash flow[59]. - Total cash outflow from operating activities increased to ¥1.49 billion in 2023 from ¥894.51 million in 2022, reflecting a rise of 66.7%[59]. - Cash inflow from financing activities in the first nine months of 2023 was ¥422.02 million, slightly down from ¥435.57 million in 2022, a decrease of 3.6%[60]. - The ending cash and cash equivalents balance as of September 2023 was ¥8.70 million, a significant decrease from ¥145.04 million at the end of September 2022[61]. Shareholder Information - The largest shareholder, Suzhou Tongyou Investment Management Partnership, holds 54,630,000 shares, representing 49.97% of total shares[22]. - Total shares held by the top ten shareholders amount to 84,117,185, which is 76.95% of the total shares[23]. - The company has no pledged or judicially frozen shares among its major shareholders[25]. Research and Development - Research and development expenses increased by 60.39% to ¥50,020,321.18, indicating a commitment to enhancing technological capabilities[15]. - Research and development expenses rose to ¥50,020,321.18 in 2023, compared to ¥31,187,075.63 in 2022, an increase of about 60.4%[47]. Tax and Financial Expenses - The company’s tax expenses rose dramatically by 341.75% to ¥5,658,534.27, driven by increased profit levels[15]. - Financial expenses surged by 165.60% to ¥17,345,980.14, primarily due to increased discounting and foreign exchange losses[15]. - The company incurred financial expenses of ¥17,345,980.14 in 2023, compared to ¥6,530,765.24 in 2022, which is an increase of about 165.5%[47]. Inventory and Receivables - Accounts receivable rose by 114.38% to CNY 722,006,971.67, attributed to increased order volume[13]. - Inventory increased to CNY 107,285,879.05 from CNY 84,076,169.81, showing a growth of approximately 27.5%[39]. - The company reported a significant increase in prepayments to CNY 5,692,598.76 from CNY 555,658.89, reflecting a growth of approximately 924.5%[39].