SAFETY(SH:603028)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥383,623,223.07, representing an increase of 88.76% year-over-year[5]. - The net profit attributable to shareholders for Q3 2023 was ¥8,669,110.54, up 30.31% compared to the same period last year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was ¥20,700,461.76, reflecting a growth of 32.20%[10]. - The basic earnings per share for Q3 2023 was ¥0.03, a 200.00% increase compared to the previous quarter[6]. - The net profit attributable to shareholders for the year-to-date reached ¥39,502,121.81, marking a 93.18% increase compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2023 reached CNY 1,300,487,014.73, a significant increase from CNY 579,641,147.39 in the same period of 2022, representing a growth of approximately 124.8%[22]. - Net profit for the first three quarters of 2023 was CNY 57,257,265.89, up from CNY 20,794,412.89 in 2022, reflecting a growth of approximately 174.5%[23]. - Earnings per share for the first three quarters of 2023 were CNY 0.14, compared to CNY 0.07 in the same period of 2022, marking a 100% increase[24]. - The company reported a total comprehensive income of CNY 58,022,914.02 for the third quarter of 2023, compared to CNY 23,486,091.23 in the same quarter of 2022, reflecting a growth of approximately 146.5%[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,340,754,479.84, an increase of 93.64% from the end of the previous year[11]. - The total assets of the company reached RMB 2,340,754,479.84, compared to RMB 1,208,818,517.30 at the end of 2022, reflecting a growth of approximately 93%[18]. - The company’s total liabilities reached RMB 1,108,407,705.81, compared to RMB 678,852,696.05 at the end of 2022, indicating a growth of approximately 63%[17]. - The total liabilities as of the end of the third quarter of 2023 amounted to CNY 1,427,324,712.39, compared to CNY 524,688,855.78 at the end of the same period in 2022, showing an increase of approximately 171.3%[19]. - The total equity attributable to shareholders of the parent company was CNY 743,064,185.40 as of the end of the third quarter of 2023, compared to CNY 683,431,559.46 in 2022, reflecting an increase of about 8.7%[19]. Cash Flow - The company reported a net cash flow from operating activities of -¥36,111,527.45, a decrease of 193.16% year-over-year[6]. - The net cash flow from operating activities was -36,111,527.45, compared to 38,762,005.84 in the previous year, indicating a significant decline[27]. - Cash inflows from operating activities for the first three quarters of 2023 totaled CNY 728,655,387.03, compared to CNY 628,376,892.12 in 2022, indicating an increase of approximately 15.9%[26]. - Total cash outflow from operating activities amounted to 764,766,914.48, up from 589,614,886.28 year-over-year[27]. - Cash inflow from investment activities was 97,239,608.42, a substantial increase from 1,995,380.37 in the previous year[27]. - The net cash flow from investment activities was -319,158,904.34, compared to -12,823,743.67 in the same period last year, reflecting increased investment expenditures[27]. - Cash inflow from financing activities reached 681,917,432.24, significantly higher than 240,097,066.72 in the previous year[27]. - The net cash flow from financing activities was 321,445,078.95, contrasting with -34,056,937.01 in the previous year, indicating improved financing conditions[27]. - The ending balance of cash and cash equivalents was 107,131,398.80, up from 85,307,036.79 year-over-year[28]. Operational Developments - The company actively transformed into the new energy sector, significantly boosting sales revenue in the photovoltaic cell business[10]. - The company experienced an increase in prepayments for new energy material purchases during the reporting period[10]. - The company has accelerated its group integration process, officially changing its name to "Jiangsu Saifutian Group Co., Ltd." and incorporating all its subsidiaries under this new structure[15]. - The company is establishing a wholly-owned subsidiary, Jiangsu Saifutian New Energy Research Co., Ltd., to focus on emerging technologies such as XBC batteries and perovskite materials[16]. - The company plans to fully utilize its group platform to implement information technology reforms and establish various functional centers to enhance operational efficiency[15]. Inventory and Expenses - The company’s inventory increased to RMB 223,672,301.04 from RMB 191,318,878.35, marking a rise of about 17%[17]. - The company’s fixed assets grew to RMB 470,886,972.89, up from RMB 340,591,348.39, which is an increase of approximately 38%[18]. - The company’s short-term borrowings increased significantly to RMB 455,419,466.43 from RMB 241,446,370.82, representing an increase of about 89%[18]. - Research and development expenses for the first three quarters of 2023 were CNY 26,447,751.78, up from CNY 20,300,823.39 in 2022, representing an increase of about 30.4%[22]. - The total cash outflow for taxes paid was 38,346,988.15, compared to 31,772,723.09 in the previous year, showing an increase in tax liabilities[27]. - The company reported a total cash outflow for employee payments of 118,514,575.48, compared to 93,656,597.19 in the previous year, indicating higher payroll expenses[27].