Yulong Gold(SH:601028)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 3,264,462,635.72, representing a slight increase of 0.05% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY 108,069,265.72, a significant increase of 242.44% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was CNY 108,569,289.75, up 260.30% compared to the same period last year[6]. - The basic earnings per share for Q3 2023 was CNY 0.1380, reflecting a 242.43% increase year-over-year[6]. - Net profit for the third quarter of 2023 was CNY 363,815,211.90, significantly higher than CNY 138,743,397.11 in the same quarter of 2022, representing an increase of 162.5%[24]. - Earnings per share for the third quarter of 2023 were CNY 0.4660, compared to CNY 0.1776 in the same quarter of 2022, indicating a growth of 162.2%[25]. - The company reported a profit before tax of CNY 520,402,754.03 for the third quarter of 2023, compared to CNY 172,717,552.43 in the same quarter of 2022, reflecting a growth of 201.5%[24]. Assets and Liabilities - Total assets at the end of Q3 2023 reached CNY 8,997,372,678.28, marking a 51.92% increase from the end of the previous year[6]. - The equity attributable to shareholders at the end of Q3 2023 was CNY 3,086,276,815.89, which is a 10.74% increase compared to the previous year[6]. - The company's total current assets reached RMB 7,580,426,191.21, a significant increase from RMB 4,754,662,479.04 at the end of 2022, reflecting a growth of approximately 59.0%[17]. - The company's total assets as of the end of the third quarter of 2023 were CNY 8,997,372,678.28, compared to CNY 5,922,304,327.90 at the end of 2022, marking an increase of approximately 51.0%[18]. - Total liabilities increased to RMB 4,965,946,043.42 from RMB 2,190,416,728.85, representing an increase of approximately 126.0%[18]. - Total liabilities as of the end of the third quarter of 2023 amounted to CNY 5,799,407,331.80, an increase from CNY 3,023,731,597.34 in the previous year[23]. - The company's accounts receivable rose to RMB 3,585,729,410.83 from RMB 954,683,976.97, reflecting a substantial increase of about 276.0%[17]. - The company reported a significant increase in accounts payable, which rose to RMB 1,523,554,798.02 from RMB 226,529,692.28, representing an increase of about 572.0%[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 903,275,107.93, with no comparative data available[6]. - Cash inflow from operating activities for the first three quarters of 2023 was approximately ¥6.17 billion, a decrease of 6.75% compared to ¥6.62 billion in the same period of 2022[27]. - Net cash outflow from operating activities in Q3 2023 was approximately ¥5.18 billion, down from ¥7.20 billion in Q3 2022, resulting in a net cash flow from operating activities of approximately ¥990.34 million, a significant improvement from a net outflow of ¥580.94 million in Q3 2022[28]. - The company reported a significant increase in cash received from other operating activities, totaling approximately ¥1.06 billion in the first three quarters of 2023, compared to ¥203.86 million in the same period of 2022[27]. - Total cash paid for operating activities in the first three quarters of 2023 was approximately ¥3.58 billion, a decrease of 47.7% from ¥6.85 billion in the first three quarters of 2022[27]. Share Repurchase and Government Subsidies - The company has repurchased a total of 501,000 shares, accounting for 0.064% of the total share capital, with a maximum purchase price of RMB 9.83 per share[16]. - The company plans to repurchase shares with a total amount not less than RMB 50 million and not exceeding RMB 100 million within six months[15]. - The company reported a total of CNY 5,920,000.00 in government subsidies recognized in the current period[9]. Inventory and Production - The company's inventory as of September 30, 2023, was RMB 954,138,019.42, compared to RMB 854,101,778.16 at the end of 2022, showing an increase of approximately 11.7%[17]. - The increase in net profit for the year-to-date was attributed to the new gold and related product sales business, which significantly contributed to profitability[10]. - The company experienced an overall improvement in profitability for the first three quarters of the year due to the strong performance of the new sales business[11]. - The gold ore reserves at the Pakingo gold mine increased to 10.908 million tons, up by 3.025 million tons year-on-year, with a gold metal content of 202.1 thousand ounces, an increase of 31.5 thousand ounces[16].