TFE(SH:600237)2023-10-20 16:00Financial Performance - Q3 2023 revenue was CNY 262,114,081.67, a decrease of 0.54% year-over-year, while year-to-date revenue reached CNY 799,052,854.08, an increase of 2.06%[5] - Net profit attributable to shareholders for Q3 2023 was CNY 13,873,551.40, up 6.38% year-over-year, and year-to-date net profit was CNY 56,625,715.38, an increase of 7.67%[5] - Total operating revenue for the first three quarters of 2023 reached ¥799,052,854.08, an increase of 2.5% compared to ¥782,893,855.46 in the same period of 2022[19] - Net profit for the third quarter of 2023 was ¥52,854,366.09, compared to ¥49,519,343.96 in the same quarter of 2022, representing a growth of 4.7%[20] - The total profit for the third quarter of 2023 was ¥51,910,867.77, compared to ¥50,846,438.61 in the same quarter of 2022, reflecting a growth of 2.1%[20] Earnings Per Share - The basic and diluted earnings per share for Q3 2023 were CNY 0.0153, down 33.77% compared to the same period last year due to increased share capital from a specific stock issuance[6][9] - Basic and diluted earnings per share for the third quarter of 2023 were both ¥0.09109, slightly down from ¥0.09319 in the previous year[22] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 129,565,437.79, an increase of 77.82% compared to the same period last year[5][8] - Cash flow from operating activities for the first three quarters of 2023 was ¥129,565,437.79, significantly higher than ¥72,862,292.86 in the same period of 2022, indicating a year-on-year increase of 77.5%[22] - The net cash inflow from investment activities was $4,152,159.01, compared to $2,876,794.14 in the previous year, representing an increase of approximately 44.5%[23] - The net cash flow from financing activities was $355,766,688.27, significantly higher than $81,251,789.93 in the same quarter last year, reflecting an increase of approximately 338%[23] Assets and Liabilities - Total assets as of the end of Q3 2023 were CNY 2,314,228,629.55, representing a 20.25% increase from the previous year[6] - The company's total assets reached RMB 2,314,228,629.55, an increase from RMB 1,924,529,260.86 at the end of 2022, reflecting a growth of approximately 20.2%[17] - Total current liabilities decreased to RMB 549,432,449.01 from RMB 615,457,339.19, indicating a reduction of approximately 10.7%[16] - The company's total liabilities decreased to RMB 568,066,457.31 from RMB 638,558,597.01, reflecting a decline of about 11%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,952[10] - The largest shareholder, Tongling Dajiang Investment Holding Co., Ltd., held 20.73% of the shares, totaling 128,897,956 shares[11] Equity and Investments - Shareholders' equity attributable to shareholders increased to CNY 1,678,144,891.17, a rise of 37.08% year-over-year, primarily due to a specific stock issuance[6][8] - The total equity attributable to shareholders increased to RMB 1,678,144,891.17 from RMB 1,224,182,033.49, marking a growth of approximately 37.1%[17] - The company's long-term investments in construction projects surged to RMB 224,926,361.67 from RMB 34,191,202.46, an increase of about 558.5%[16] Expenses - Research and development expenses for the third quarter of 2023 amounted to ¥35,682,470.33, up from ¥29,944,109.85 in the same quarter of 2022, marking an increase of 19.2%[20] - Sales expenses decreased to ¥23,650,869.71 in the third quarter of 2023 from ¥28,086,789.34 in the same quarter of 2022, a reduction of 15.8%[20] - The company reported a decrease in tax expenses to -¥943,498.32 in the third quarter of 2023, down from ¥1,327,094.65 in the same quarter of 2022[20] Inventory and Receivables - The company's inventory decreased to RMB 211,816,313.84 from RMB 253,441,743.77, a decline of about 16.5%[15] - The company's accounts receivable increased to RMB 256,664,085.99 from RMB 233,128,452.03, an increase of approximately 10.1%[15]