Baida Precision(SH:603331)2023-10-29 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥353,893,984.66, representing an 11% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2023 was ¥28,122,531.08, reflecting a 15.26% year-on-year growth[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥26,466,141.14, up 30.78% from the previous year[4]. - The basic and diluted earnings per share for Q3 2023 were both ¥0.14, unchanged from the previous quarter[4]. - Total operating revenue for the first three quarters of 2023 reached ¥1,101,038,365.38, an increase of 12.5% compared to ¥978,591,412.39 in the same period of 2022[18]. - Operating profit for the third quarter of 2023 was ¥122,234,001.89, a significant increase of 65.9% from ¥73,655,984.12 in the same quarter of 2022[20]. - Net profit attributable to shareholders for the third quarter of 2023 was ¥96,889,877.75, up 51.5% from ¥63,965,093.67 in the same quarter of 2022[20]. - Total comprehensive income for the third quarter of 2023 was ¥95,697,845.69, an increase of 50.5% from ¥63,539,381.55 in the same quarter of 2022[21]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥2,917,588,024.66, a 38.10% increase compared to the end of the previous year[4]. - The equity attributable to shareholders at the end of Q3 2023 was ¥1,263,350,648.08, up 35.79% year-on-year[4]. - As of September 30, 2023, the company's total assets reached CNY 2,917,588,024.66, an increase from CNY 2,112,666,273.88 at the end of 2022, reflecting a growth of approximately 38.1%[14]. - The company's total liabilities as of September 30, 2023, were CNY 1,611,874,783.40, compared to CNY 1,108,506,652.90 at the end of 2022, indicating a growth of around 45.3%[16]. - The total equity attributable to shareholders increased to CNY 1,263,350,648.08 from CNY 930,404,693.04, reflecting a growth of approximately 35.7%[16]. Cash Flow - The cash flow from operating activities for the year-to-date period decreased by 33.21% to ¥105,679,979.71[4]. - The net cash flow from operating activities for Q3 2023 was $105.68 million, a decrease of 33.2% compared to $158.22 million in Q3 2022[24]. - Total cash outflow from operating activities amounted to $944.78 million, up from $876.70 million in the same period last year[24]. - The net cash flow from investing activities was -$316.02 million, worsening from -$99.02 million year-over-year[24]. - Cash inflow from financing activities reached $828.60 million, significantly higher than $482.59 million in Q3 2022[24]. - The net cash flow from financing activities was $413.55 million, a turnaround from a negative $24.88 million in the previous year[24]. - The ending cash and cash equivalents balance for Q3 2023 was $287.79 million, compared to $123.76 million at the end of Q3 2022, reflecting a substantial increase[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,574[10]. - The company's cash and cash equivalents amounted to CNY 368,115,561.14, significantly up from CNY 113,227,739.56 at the end of 2022, representing an increase of about 225.5%[14]. Operational Highlights - The company reported a significant increase in sales of compressor components and automotive parts, contributing to the profit growth[8]. - The company plans to continue expanding its market presence and investing in new projects[8]. Expenses - Research and development expenses for the first three quarters of 2023 were ¥30,715,544.97, a decrease of 10.4% from ¥34,136,651.47 in the same period of 2022[19]. - Tax expenses for the third quarter of 2023 amounted to ¥20,302,079.40, compared to ¥12,446,856.45 in the same quarter of 2022, reflecting a 63.1% increase[20]. - Other income for the third quarter of 2023 was ¥57,060.63, down from ¥2,374,332.73 in the same quarter of 2022[20].