三祥新材(603663) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was CNY 247,156,574.98, representing a decrease of 8.40% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2023 was CNY 2,543,093.63, down 94.37% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was CNY 2,947,504.71, a decrease of 93.30% compared to the previous year[6]. - Basic earnings per share for Q3 2023 were CNY 0.01, down 96.04% year-on-year[7]. - The weighted average return on equity for Q3 2023 was 0.29%, a decrease of 92.64 basis points compared to the previous year[7]. - Net profit for the third quarter of 2023 was ¥86,784,219.12, a decrease of 36.4% from ¥136,545,727.62 in the same quarter of 2022[22]. - The company reported a total comprehensive income of ¥83,913,471.35 for the third quarter of 2023, compared to ¥136,974,858.62 in the same quarter of 2022[23]. Cash Flow and Liquidity - The operating cash flow net amount for the year-to-date period was CNY 20,429,140.13, reflecting a significant decline of 74.96%[7]. - The net cash flow from operating activities for the first three quarters of 2023 was ¥20,429,140.13, down 75.0% from ¥81,589,667.69 in the same period of 2022[27]. - The company reported a significant increase in cash payments for goods and services due to rising prices of core raw materials like zircon sand[11]. - The ending cash and cash equivalents balance was $54.72 million, a decrease from $119.81 million year-over-year[28]. - The net increase in cash and cash equivalents was -$6.78 million, compared to a positive increase of $10.23 million in the previous period[28]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,026,441,695.80, an increase of 12.18% from the end of the previous year[7]. - Current assets totaled CNY 822,078,171.02, up from CNY 710,224,474.66, indicating a growth of about 15.7% year-over-year[17]. - Total liabilities amounted to CNY 665,497,058.07, compared to CNY 507,658,103.22, reflecting an increase of approximately 31.1%[18]. - The company's equity increased to CNY 1,360,944,637.73 from CNY 1,298,736,855.51, indicating a growth of about 4.8%[18]. - The total assets and shareholders' equity as of the end of the third quarter of 2023 were ¥2,026,441,695.80 and ¥1,360,944,637.73, respectively, compared to ¥1,806,394,958.73 and ¥1,298,736,855.51 at the end of the same period in 2022[19]. Shareholder Information - The top three shareholders hold a combined 52.45% of the shares, with Japan's Eisho Trading Co., Ltd. holding 20.08%[15]. Cost and Expenses - Total operating costs for the first three quarters of 2023 were ¥712,326,159.84, up 23.5% from ¥576,624,369.93 in the previous year[21]. - Research and development expenses increased to ¥41,686,513.32 in the third quarter of 2023, compared to ¥37,121,738.19 in the same quarter of 2022, reflecting a growth of 12.5%[22]. - The company’s financial expenses increased to ¥5,791,094.75 in the third quarter of 2023, compared to ¥3,461,914.02 in the same quarter of 2022[22]. Strategic Focus - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[15].