吉翔股份(603399) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 2,094,696,223.59, representing a year-on-year increase of 23.40%[5] - The net profit attributable to shareholders was a loss of CNY 204,750,656.75, a decrease of 215.83% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 206,607,000.05, down 243.47% year-on-year[5] - The basic and diluted earnings per share for Q3 2023 were both CNY -0.40, reflecting a decline of 214.29% compared to the previous year[6] - The company reported a net loss of ¥47,062,831.26 in undistributed profits, a decrease of 113.21% compared to the previous year, due to cash dividends and profit losses[12] - The net profit for the third quarter of 2023 was a loss of ¥217,635,841.56, compared to a profit of ¥204,809,496.11 in the same quarter of 2022[26] - The company reported a basic and diluted earnings per share of -¥0.38 for the third quarter of 2023, down from ¥0.29 in the same quarter of 2022[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,225,146,697.76, a decrease of 7.31% from the end of the previous year[6] - The equity attributable to shareholders decreased by 13.05% to CNY 2,006,323,676.73 compared to the end of the previous year[6] - The total amount of accounts receivable decreased by 57.90% to ¥385,487,277.41, mainly due to the recovery of previous accounts[11] - The company's deferred tax assets increased by 59.50% to ¥126,066,529.14, attributed to the recognition of deductible losses[11] - The total liabilities increased by 94.20% to ¥339,896,710.35, primarily due to an increase in contract liabilities[12] - The total liabilities as of the end of the third quarter of 2023 were ¥2,050,798,633.72, slightly down from ¥2,070,296,574.35 at the end of 2022[24] - The total equity attributable to shareholders was ¥2,006,323,676.73, a decrease from ¥2,307,543,856.99 in the previous year[24] - The company's total assets were reported at ¥4,225,146,697.76, down from ¥4,558,175,102.39 in 2022[24] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 816,384,090.16, an increase of 143.30%[6] - The company reported a net cash flow from operating activities of ¥816,384,090.16, a 143.30% increase from ¥335,545,038.08 in the previous year[14] - The net cash flow from operating activities for Q3 2023 was ¥816,384,090.16, up from ¥335,545,038.08 in Q3 2022, representing a growth of 143.8%[29] - Total cash inflow from operating activities in Q3 2023 reached ¥6,817,128,059.61, compared to ¥4,094,658,619.51 in Q3 2022, indicating an increase of 66.5%[29] - The cash outflow for purchasing goods and services in Q3 2023 was ¥5,647,499,028.31, which is an increase of 60.0% from ¥3,531,953,901.90 in Q3 2022[29] - The net cash flow from investing activities in Q3 2023 was -¥281,443,630.93, a decline from ¥19,732,502.22 in Q3 2022, indicating a negative shift in investment cash flow[30] - Cash inflow from financing activities in Q3 2023 totaled ¥613,081,005.33, down from ¥1,036,084,364.60 in Q3 2022, reflecting a decrease of 41.0%[30] - The net cash flow from financing activities for Q3 2023 was -¥327,555,792.86, compared to -¥147,642,003.38 in Q3 2022, showing a worsening in financing cash flow[30] - The ending cash and cash equivalents balance as of Q3 2023 was ¥935,682,723.26, up from ¥898,446,688.00 at the end of Q3 2022, representing an increase of 4.0%[30] Operational Highlights - The company experienced a significant decline in lithium salt product prices, which adversely affected operating profits[9] - The revenue for the year-to-date increased by 62.41% due to the full-year contribution from Yongshan Lithium Industry, which commenced production in June of the previous year[10] - Operating costs increased by 76.43% to ¥5,980,829,726.88 from ¥3,389,914,795.53 year-on-year, primarily due to the rise in revenue[13] - Research and development expenses rose by 103.46% to ¥42,215,328.50, reflecting increased investment in R&D and stock incentive costs[13] - The company experienced a significant increase in other income, which rose by 785.94% to ¥34,931,236.52, mainly from government subsidies[13] - The company incurred a financial expense of ¥38,241,663.06 in the first three quarters of 2023, compared to ¥15,266,873.15 in the same period of 2022, indicating increased borrowing costs[25] - Research and development expenses for the first three quarters of 2023 amounted to ¥42,215,328.50, an increase from ¥20,749,189.51 in 2022, indicating a focus on innovation[25] Tax and Refunds - The company received tax refunds amounting to ¥92,631,668.16 in Q3 2023, which is an increase of 57.8% compared to ¥58,696,847.95 in Q3 2022[29]