Financial Performance - Operating revenue for the first nine months decreased by 6.41% to CNY 457,528,201.82 compared to the same period last year[10] - Net profit attributable to shareholders dropped by 42.36% to CNY 52,496,424.38 year-on-year[10] - The company reported a basic earnings per share of CNY 0.33, down 47.62% from the previous year[10] - The weighted average return on equity decreased to 6.15% from 13.15% year-on-year[10] - Total revenue for the first nine months of 2023 was CNY 457.53 million, a decrease of 6.4% compared to CNY 488.86 million in the same period of 2022[36] - Total operating revenue for the first nine months of 2023 was CNY 321,918,250.57, a decrease from CNY 386,291,571.38 in the same period of 2022, representing a decline of approximately 16.6%[40] - Operating profit for the first nine months of 2023 was CNY 51,364,751.52, down from CNY 108,652,244.08 in 2022, indicating a decrease of about 52.8%[41] - Net profit for the first nine months of 2023 was CNY 51,086,848.58, compared to CNY 96,565,126.54 in 2022, reflecting a decline of approximately 47.2%[42] - Comprehensive income for the first nine months of 2023 was CNY 51,086,848.58, down from CNY 96,565,126.54 in 2022, reflecting a decrease of about 47.2%[42] Assets and Liabilities - Total assets increased by 22.28% to CNY 1,323,072,052.95 compared to the end of last year[10] - Net assets attributable to shareholders rose by 24.85% to CNY 925,106,734.09 year-on-year[10] - Total liabilities rose to CNY 337.50 million, an increase of 22.9% from CNY 274.26 million in the previous year[30] - Current liabilities totaled CNY 244.44 million, up 13.7% from CNY 214.92 million in 2022[30] - Non-current liabilities increased to CNY 93.06 million, a significant rise of 56.8% compared to CNY 59.35 million in the previous year[30] - The company's equity increased to CNY 985.57 million, a rise of 22% from CNY 807.76 million at the end of 2022[30] Cash Flow - Cash flow from operating activities turned negative at CNY -8,169,033.46, a decline of 137.45% compared to the previous year[10] - Operating cash inflow for the first nine months of 2023 was CNY 454,514,905.57, an increase from CNY 419,312,469.83 in the same period of 2022, representing a growth of approximately 8.4%[43] - The net increase in cash and cash equivalents for the first nine months of 2023 was CNY 56,826,306.96, contrasting with a decrease of CNY -60,417,032.66 in 2022[45] - Cash outflow for operating activities totaled CNY 462,683,939.03 in 2023, compared to CNY 397,499,245.84 in 2022, an increase of approximately 16.4%[43] - The ending cash and cash equivalents balance for the first nine months of 2023 was CNY 106,984,222.68, up from CNY 46,706,092.27 in 2022[45] Shareholder Information - The total number of ordinary shares increased from 145,540,000 to 165,540,000, with a notable rise in unrestricted shares from 36,292,894 to 52,214,291[17] - The total number of shares held by the top ten shareholders is 110,946,399, representing 67.03% of the total shares[19] - The largest shareholder, Bi Shengmin, holds 30,470,792 shares, accounting for 18.41% of the total shares[19] - The company has no pledged or frozen shares among the top ten shareholders[20] Inventory and Expenses - Inventory increased by 48.42% to CNY 240,741,712.94 due to low market demand and increased raw material stock[11] - The company's management expenses increased by 40.39% year-on-year, primarily due to higher employee compensation and increased costs related to leasing facilities for high-purity magnesium sand production[12] - Financial expenses surged by 172.54% compared to the previous year, attributed to foreign exchange losses from decreased foreign currency receivables[12] - Research and development expenses for the first nine months of 2023 were CNY 12,657,528.40, compared to CNY 11,812,198.54 in 2022, an increase of about 7.1%[37] - Tax expenses for the first nine months of 2023 were CNY 17,407,780.92, down from CNY 19,794,297.34 in 2022, a decrease of approximately 12.0%[37] Other Income and Gains - Other income rose by 107.95% year-on-year, mainly due to increased government subsidies received during the reporting period[12] - Other income for the first nine months of 2023 was CNY 233,164.24, significantly lower than CNY 5,429,092.29 in 2022, a decrease of about 95.7%[37] - The net amount of non-recurring gains and losses for the period was 2,409,355.68 CNY, after accounting for tax impacts[15]
东和新材(839792) - 2023 Q3 - 季度财报