Kings(SH:603505)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥595,732,611.97, representing a year-over-year increase of 154.78%[7] - Net profit attributable to shareholders for the same period was ¥119,726,405.22, up 103.27% compared to the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥120,078,813.47, reflecting a 97.41% increase year-over-year[7] - Total operating revenue for the first three quarters of 2023 reached CNY 1,154,558,155.82, a 76.80% increase compared to CNY 653,043,978.48 in the same period of 2022[24] - Net profit attributable to shareholders of the listed company for the third quarter of 2023 increased by 103.27% compared to the same period last year[35] - The operating profit for the first nine months was CNY 333.25 million, reflecting a significant increase from CNY 193.14 million in the same period last year[42] - The net profit attributable to shareholders of the parent company was CNY 246.18 million, compared to CNY 152.77 million in the previous year, representing a year-on-year growth of 61.1%[43] Assets and Equity - The total assets at the end of the reporting period amounted to ¥4,535,907,811.62, which is a 48.30% increase from the previous year[14] - The total assets as of September 30, 2023, amounted to CNY 4,535,907,811.62, reflecting a 48.30% increase from the previous year[35] - The total equity attributable to shareholders at the end of the reporting period was ¥1,531,908,483.77, a 13.20% increase from the previous year[14] - The company's equity attributable to shareholders reached CNY 1,531,908,483.77, up from CNY 1,353,251,043.56 in the previous year[22] Earnings and Share Performance - The weighted average return on equity for Q3 2023 was 8.02%, an increase of 3.34 percentage points compared to the same period last year[14] - The company reported a basic earnings per share of ¥0.20 for Q3 2023, which is a 100.00% increase from ¥0.41 in the same period last year[14] - The basic earnings per share for the third quarter of 2023 was CNY 1.00, a 100% increase compared to the previous year[35] - Basic and diluted earnings per share for the reporting period were CNY 0.41, up from CNY 0.25 in the same period last year[43] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was ¥203,778,058.93, showing a 6.54% increase compared to the previous year[7] - Cash flow from operating activities for the first three quarters of 2023 was CNY 1,017,098,553.31, up from CNY 818,006,823.16 in the previous year[26] - Operating cash inflow totaled CNY 1,026,235,158.41, an increase from CNY 824,272,980.79 in the previous year, representing a growth of approximately 24.5%[45] - Operating cash outflow amounted to CNY 822,457,099.48, up from CNY 633,004,447.96, reflecting an increase of about 30%[45] - Cash outflow from investment activities reached CNY 1,084,849,714.85, significantly higher than CNY 531,622,316.99, marking an increase of approximately 104%[45] - Cash inflow from financing activities was CNY 1,414,780,000.00, compared to CNY 712,712,126.40, showing an increase of about 98.5%[45] Operational Highlights - The company plans to expand its fluorite product business, which has significantly contributed to revenue growth in the current reporting period[35] - In the first nine months of 2023, the company produced approximately 360,000 tons of fluorite products and sold 330,600 tons, with the average selling price of acid-grade fluorite powder increasing by 12.9% year-on-year to CNY 2,739 per ton[37] - The Baogang "selection and processing integration" project contributed a profit of CNY 13.71 million during the reporting period, while the Jin Ebo fluorochemical project produced 9,200 tons of hydrofluoric acid and sold 7,300 tons[37] - The Jiangxi Jinling project produced 30,500 tons of lithium mica concentrate and sold 15,200 tons, with an average selling price of CNY 5,393 per ton[37] Government Support and Subsidies - The company received government subsidies amounting to ¥1,174,004.69 during the reporting period, closely related to its normal business operations[15]