KMCL(600579)2023-10-23 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥2,621,801,758.69, representing a year-on-year increase of 5.01%[5]. - The net profit attributable to shareholders was a loss of ¥348,457,462.46, with a year-to-date loss of ¥1,246,166,188.97[5]. - The basic and diluted earnings per share for the current period were both -¥0.7, compared to -¥2.50 for the same period last year[6]. - Total operating revenue for the first three quarters of 2023 reached ¥8,222,997,980.79, a 18.76% increase from ¥6,924,518,454.23 in the same period of 2022[20]. - Net profit for the first three quarters of 2023 was a loss of ¥1,204,660,041.82, compared to a loss of ¥431,217,744.57 in the same period of 2022[21]. - The total comprehensive loss for the first three quarters of 2023 was ¥1,122,481,964.56, compared to a loss of ¥112,294,213.69 in the same period of 2022[21]. - Basic and diluted earnings per share for the first three quarters of 2023 were both -¥2.50, compared to -¥0.86 in the same period of 2022[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥20,100,725,259.30, showing a slight increase of 0.17% compared to the end of the previous year[6]. - The company's total assets reached approximately 20.101 billion RMB, slightly up from 20.066 billion RMB at the end of 2022[18]. - The company's total liabilities were approximately 15.184 billion RMB, down from 16.574 billion RMB at the end of 2022[18]. - The equity attributable to shareholders decreased by 33.42% to ¥2,324,750,341.32 compared to the end of the previous year[6]. - The company’s equity attributable to shareholders decreased to approximately 2.325 billion RMB from 3.492 billion RMB in the previous year[19]. Cash Flow - The cash flow from operating activities for the year-to-date was negative at -¥1,150,709,177.21[6]. - The company reported a net cash outflow from operating activities of ¥1,150,709,177.21 for the first three quarters of 2023, worsening from a net outflow of ¥575,342,137.75 in 2022[24]. - Cash and cash equivalents as of September 30, 2023, amounted to approximately 725.61 million RMB, down from 1.196 billion RMB at the end of 2022[17]. - Cash and cash equivalents at the end of Q3 2023 stood at ¥658,248,312.68, down from ¥865,550,640.25 at the end of Q3 2022[24]. - The company experienced a net cash inflow from financing activities of ¥1,291,259,744.17, a significant increase from ¥637,548,181.96 in the previous year[24]. Operational Challenges - The company's management expenses increased by 78.79% year-to-date, primarily due to significant restructuring costs and the relocation of overseas factories[9]. - The company's gross profit margin has declined, attributed to lower capacity utilization at new factories and increased interest expenses[9]. - The company reported a new order value of 7.915 billion RMB for the year-to-date, a decrease of 14.70% year-on-year[16]. - The total backlog of orders as of the reporting date is 8.378 billion RMB, down 2.13% from December 31, 2022[16]. - The company is facing challenges from geopolitical conflicts and economic slowdowns, impacting market demand and competition[15]. Inventory and R&D - The company reported a significant increase in inventory, with current inventory valued at approximately 4.157 billion RMB, compared to 3.791 billion RMB at the end of 2022[18]. - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the report[15]. - Research and development expenses increased to ¥247,766,800.72, up from ¥206,175,854.93 in the previous year, reflecting a focus on innovation[20]. - The company recorded a significant increase in sales expenses, which rose to ¥1,196,800,055.43 from ¥1,066,686,717.79, indicating higher marketing efforts[20].