TKGF(SH:601233)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥24,844,598,822, representing a 43.30% increase compared to the same period last year[3]. - Net profit attributable to shareholders was ¥798,254,649.34, a significant recovery from a loss of ¥366,177,584.74 in the previous year[3]. - Basic and diluted earnings per share for the quarter were both ¥0.34, compared to a loss of ¥0.15 per share in the previous year[4]. - Operating revenue for the year-to-date period increased by 30.84% due to a rise in product sales volume[8]. - Net profit attributable to shareholders decreased by 53.23% primarily due to reduced gains from external investments in Zhejiang Petrochemical[8]. - Net profit excluding non-recurring gains and losses decreased by 61.50%, reflecting similar reasons as the net profit[8]. - Net profit attributable to shareholders for the current reporting period increased by 317.22% due to enhanced profitability of products[8]. - The net profit for Q3 2023 was approximately ¥924.83 million, a decrease of 52.5% compared to ¥1.94 billion in Q3 2022[19]. - The total profit before tax for Q3 2023 was approximately ¥961.83 million, down from ¥1.93 billion in Q3 2022, a decline of 50.3%[19]. - The total comprehensive income for Q3 2023 was approximately ¥913.44 million, compared to ¥1.91 billion in Q3 2022, reflecting a decline of 52.0%[20]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥2,423,634,908.19, compared to a negative cash flow of ¥24,115,983.05 in the same period last year[4]. - Net cash flow from operating activities increased by 107.24% due to higher cash received from sales of goods and services[8]. - Net cash flow from operating activities for the current reporting period decreased significantly by 12,869.98% due to reduced cash received from sales[8]. - The net cash flow from operating activities for Q3 2023 was ¥322.98 million, a significant recovery from a negative cash flow of ¥4.46 billion in Q3 2022[23]. - The net cash flow from financing activities for Q3 2023 was approximately ¥10.52 billion, compared to ¥15.82 billion in Q3 2022, indicating a decrease of 33.2%[24]. - The company experienced a foreign exchange impact on cash and cash equivalents of approximately ¥30.63 million in Q3 2023, compared to a negative impact of ¥18.20 million in Q3 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥107,039,556,995.76, an increase of 18.36% from the previous year[4]. - The company's total assets as of the end of Q3 2023 were ¥107.04 billion, up from ¥90.44 billion at the end of Q3 2022, representing an increase of 18.3%[17]. - The total liabilities of the company reached ¥71.08 billion, compared to ¥55.14 billion in the previous year, marking a 28.9% increase[16]. - The company's total equity attributable to shareholders reached ¥35.55 billion, compared to ¥34.89 billion in the previous year, an increase of 1.9%[17]. - The company's cash and cash equivalents increased to ¥34.25 billion, compared to ¥22.47 billion in the previous year, a rise of 52.4%[16]. - The company's short-term borrowings increased to ¥27.81 billion, up from ¥19.51 billion, indicating a 42.5% increase[16]. - The company's contract liabilities decreased to ¥883.77 million from ¥1.12 billion, a decline of 21.0%[16]. Investments and Acquisitions - The company acquired 100% equity of Tongkun (Hong Kong) Investment Co., Ltd. for ¥2,373,300.18 to support future business development[4]. - The acquisition of 65% equity in Guangxi Tongkun Petrochemical Co., Ltd. was completed for ¥209,729,970.76 to facilitate a strategic shift towards new chemical materials[4]. Research and Development - Research and development expenses for the first three quarters of 2023 amounted to ¥1.36 billion, compared to ¥1.25 billion in the same period of 2022, indicating an increase of 9.1%[18]. Non-Recurring Gains and Losses - Non-operating income included government subsidies amounting to ¥133,738,641.45 for the current period[7]. - The total non-recurring gains and losses for the period amounted to ¥96,016,346.18 after tax adjustments[7]. - The weighted average return on net assets was 2.26%, a decrease of 2.72 percentage points compared to the previous year[4]. - Weighted average return on equity for the year-to-date period decreased by 51.52% due to a decline in net profit attributable to shareholders[8]. - Basic earnings per share for the year-to-date period decreased by 53.09% due to a decline in net profit attributable to shareholders[8]. - Diluted earnings per share for the year-to-date period also decreased by 53.09% for the same reason[8].