KINGFA(SH:600143)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥13,941,620,977.82, representing a year-on-year increase of 41.56%[3] - The net profit attributable to shareholders for Q3 2023 was ¥15,266,026.34, a decrease of 96.19% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was -¥9,023,598.01, reflecting a decline of 103.89% year-on-year[3] - The basic earnings per share for Q3 2023 was ¥0.0057, down 96.34% from the previous year[4] - The diluted earnings per share for Q3 2023 was also ¥0.0057, showing a decrease of 96.34% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2023 reached ¥34.29 billion, a 16.8% increase from ¥29.32 billion in the same period of 2022[17] - Total operating costs increased to ¥33.42 billion, up 19.0% from ¥28.10 billion year-over-year[17] - Research and development expenses rose to ¥1.20 billion, reflecting a 20.9% increase compared to ¥0.99 billion in the previous year[17] - Net profit for the third quarter of 2023 was ¥384.37 million, a significant decrease of 68.0% from ¥1.20 billion in the same quarter of 2022[18] - Earnings per share (EPS) for the third quarter was ¥0.1823, down from ¥0.4675 in the same period last year[19] - Total profit for the third quarter was ¥757.14 million, down 50.2% from ¥1.51 billion in the same quarter of 2022[18] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥59,795,683,432.21, an increase of 7.88% from the end of the previous year[4] - As of September 30, 2023, the company's total assets reached CNY 59.80 billion, an increase from CNY 55.43 billion at the end of 2022, representing a growth of approximately 7.99%[12][16] - The company's total non-current liabilities increased to CNY 21.05 billion from CNY 16.10 billion, reflecting a growth of about 30.66%[15] - The total equity attributable to shareholders reached CNY 16.55 billion, slightly up from CNY 16.53 billion, showing a marginal increase of about 0.16%[16] - The company's total liabilities amounted to CNY 41.59 billion, up from CNY 37.14 billion, indicating an increase of approximately 11.88%[15] - The total liabilities decreased to approximately ¥16.70 billion from ¥18.24 billion year-over-year, indicating a reduction of about 8.47%[24] - The total equity increased to approximately ¥13.19 billion from ¥12.05 billion, reflecting a growth of about 9.46%[24] Cash Flow - The company reported a net cash flow from operating activities of ¥3,127,837,532.02 for the year-to-date, reflecting a growth of 20.46%[4] - Operating cash flow for Q3 2023 was CNY 3,127,837,532.02, an increase of 20.5% compared to CNY 2,596,637,906.28 in Q3 2022[20] - Total cash inflow from financing activities reached CNY 16,933,617,030.88, up from CNY 11,238,129,045.34 in the same period last year, reflecting a growth of 50.5%[21] - Cash and cash equivalents at the end of Q3 2023 amounted to CNY 4,914,423,565.63, compared to CNY 4,389,811,748.25 at the end of Q3 2022, representing an increase of 11.9%[21] - The net cash flow from financing activities was -3,876,655,020.92, contrasting with a positive flow of 56,621,506.83 in Q3 2022[30] - The company reported a net increase in cash and cash equivalents of CNY 1,106,999,591.26 for the quarter, compared to CNY 513,234,758.28 in the same quarter last year, marking a growth of 115.5%[21] Operational Highlights - The company recognized government subsidies amounting to ¥39,546,126.84 during Q3 2023, which are closely related to its normal business operations[5] - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[17] - The company reported a decrease in other receivables to CNY 142.57 million from CNY 489.52 million, a decline of about 70.12%[14] - The company's inventory decreased to CNY 5.46 billion from CNY 5.55 billion, a reduction of approximately 1.60%[14] - The company's cash and cash equivalents amounted to CNY 4.94 billion, up from CNY 3.98 billion year-over-year, reflecting a growth of about 24.14%[12] - Accounts receivable increased to CNY 6.60 billion from CNY 5.30 billion, marking a rise of approximately 24.36%[12]