Keda Group(SH:600499)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 228,120.25 million, a decrease of 20.84% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was CNY 75,129.05 million, down 49.25% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 74,415.83 million, a decrease of 48.13% compared to the previous year[4]. - The basic earnings per share for Q3 2023 was CNY 0.392, reflecting a decline of 48.96% year-on-year[4]. - Total revenue for the first three quarters of 2023 was CNY 7,028,109,201.36, a decrease of 17.6% compared to CNY 8,532,742,581.70 in the same period of 2022[20]. - Operating profit for the first three quarters of 2023 was CNY 2,688,558,611.99, down 40.7% from CNY 4,526,298,280.74 in the previous year[21]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2023 was CNY 2,019,354,561.45, a decline of 44.0% compared to CNY 3,601,120,322.38 in 2022[21]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,473,585.21 million, an increase of 16.94% from the end of the previous year[5]. - The total liabilities increased to CNY 10,752,453,659.46 in Q3 2023, up from CNY 7,820,657,590.96 in Q3 2022, reflecting a growth of 37.3%[19]. - The total equity attributable to shareholders of the parent company rose to CNY 11,530,341,472.95 in Q3 2023, compared to CNY 11,388,479,465.61 in Q3 2022, an increase of 1.2%[19]. - The company's total assets reached CNY 24,735,852,074.13 in Q3 2023, up from CNY 21,152,423,086.17 in Q3 2022, representing a growth of 11.9%[19]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 32,621.88 million, down 53.19% year-on-year[8]. - Cash inflow from operating activities for the first three quarters of 2023 was approximately ¥7.28 billion, a decrease of 10.7% compared to ¥8.15 billion in the same period of 2022[24]. - The net cash flow from operating activities was ¥326.22 million, down 53.3% from ¥696.95 million in the previous year[24]. - The company reported a net increase in cash and cash equivalents of approximately -¥774.35 million, contrasting with an increase of ¥624.76 million in the same period last year[25]. - Total cash and cash equivalents at the end of the period stood at approximately ¥2.96 billion, up from ¥2.31 billion at the end of the previous year[25]. Investments and Expenses - The company reported a significant decline in investment income from Blueco Lithium Industry, impacting overall profitability[7]. - Research and development expenses for the first three quarters of 2023 were CNY 212,751,268.64, a decrease of 7.1% from CNY 229,115,007.11 in the same period of 2022[20]. - The company reported a financial expense of CNY -52,311,694.47 for the first three quarters of 2023, compared to CNY -28,860,168.62 in the previous year, indicating an increase in financial costs[20]. - The company received approximately ¥2.29 billion in cash related to investment activities, a substantial increase from ¥351.97 million in the previous year[25]. - Cash paid for the acquisition of fixed assets and intangible assets was approximately ¥1.06 billion, compared to ¥600.16 million in the same period of 2022[25]. - The company paid approximately ¥1.84 billion in dividends and interest, significantly higher than ¥507.74 million in the previous year[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 89,490[9]. - The company repurchased 26.9745 million A-shares, accounting for 1.38% of the total share capital, with a total expenditure of RMB 304.9943 million as of October 10, 2023[14]. Market and Operations - The company achieved overseas business revenue of RMB 4.414 billion in the first three quarters of 2023, benefiting from the stable growth in tile production capacity despite a decline in terminal market prices[13]. - The company is actively expanding its overseas market presence, particularly in Africa, with multiple projects under construction[13]. - The company’s gross profit margin in the building materials machinery segment remained stable despite a decline in overall revenue due to global economic conditions[13]. - The company plans to gradually advance capacity construction in the lithium battery materials sector based on market conditions[14].