天洋新材(603330) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥390,385,625.02, representing a decrease of 1.80% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥23,798,078.24, a significant decline of 186.04% year-on-year[5]. - The basic earnings per share for the year-to-date period was -¥0.06, reflecting a decrease of 162.50% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2023 was CNY 1,001,471,684.81, a decrease of 6.7% compared to CNY 1,073,525,327.04 in the same period of 2022[21]. - Net profit for the first three quarters of 2023 was a loss of CNY 22,836,990.22, compared to a profit of CNY 27,231,945.76 in the same period of 2022[22]. - The total comprehensive income for the first three quarters of 2023 was a loss of CNY 22,836,990.22, contrasting with a gain of CNY 27,231,945.76 in the previous year[23]. - Total operating revenue for the first three quarters of 2023 was RMB 133,853,991.75, a decrease of 63.36% compared to RMB 364,938,431.09 in the same period of 2022[32]. - Net profit for the first three quarters of 2023 was a loss of RMB 28,480,101.99, compared to a profit of RMB 16,369,144.12 in the same period of 2022[33]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,009,685,149.20, an increase of 30.98% from the end of the previous year[6]. - The company's total liabilities as of the end of the third quarter of 2023 amounted to CNY 1,062,460,322.60, down from CNY 1,273,275,638.53 in the previous year[21]. - Total assets as of September 30, 2023, reached CNY 2,345,915,419.67, an increase from CNY 1,380,331,885.36 at the end of 2022[31]. - Total liabilities as of September 30, 2023, were CNY 491,153,678.06, compared to CNY 443,783,478.37 at the end of 2022, indicating a rise in obligations[31]. - The company's long-term borrowings increased to CNY 207,790,283.50 from CNY 46,827,956.80, indicating a significant rise in leverage[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,925, indicating a stable shareholder base[10]. - The top shareholder, Li Zhelong, holds 26.41% of the shares, with a portion pledged as collateral[11]. - The equity attributable to shareholders increased by 95.87% to ¥1,887,545,116.85 due to the issuance of new shares[6]. - The total equity attributable to shareholders of the parent company increased to CNY 1,887,545,116.85 from CNY 963,677,801.91 year-over-year[21]. Cash Flow - The cash flow from operating activities was -¥5,742,500.32 for the quarter, indicating a negative cash flow situation[6]. - Operating cash inflow for the first three quarters of 2023 was CNY 870,512,106.15, a decrease of 15.4% compared to CNY 1,029,023,849.02 in the same period of 2022[26]. - Net cash flow from operating activities in Q3 2023 was CNY 14,340,492.84, a significant improvement from a negative CNY 315,336,194.14 in Q3 2022[27]. - The company reported a significant investment loss of RMB 5,919,614.98 in the first three quarters of 2023, contrasting with a gain of RMB 12,377,958.10 in the same period of 2022[32]. - The net cash flow from financing activities was RMB 983,265,886.24, compared to RMB 110,866,427.33 in the same period of 2022, showing strong financing capabilities[36]. Segment Performance - The photovoltaic encapsulation film segment's sales increased by 49.97% compared to the same period last year, although gross margin declined due to intensified competition and falling component prices[13]. - The electronic glue segment benefited from increased orders from leading domestic consumer electronics clients, with sales growing by 12.71% year-on-year[13]. - The hot melt adhesive segment's gross margin increased by 9.66% year-on-year due to continuous development of clients in the new energy vehicle industry[14]. - The company experienced a significant drop in gross margin due to intensified competition in the photovoltaic component market, leading to lower shipment prices and unstable order volumes[9]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 29,873,703.56, an increase from CNY 27,087,803.39 in 2022, indicating a growth of 10.3%[21]. - Research and development expenses for the first three quarters of 2023 were RMB 1,595,852.67, up from RMB 1,468,399.09 in the same period of 2022, indicating a focus on innovation[32]. Financial Management - The company reported a financial expense of CNY 13,739,250.27, significantly reduced from CNY 24,767,150.12 in the previous year, showing a decrease of 44.5%[21]. - The company reported a significant decrease in financial expenses, totaling RMB 3,874,554.76 in 2023 compared to RMB 8,091,529.23 in 2022, reflecting improved financial management[32].