永和股份(605020) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥1,149,162,826.13, representing a year-on-year increase of 20.37%[4] - The net profit attributable to shareholders for Q3 2023 was ¥52,027,591.03, a decrease of 42.58% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥49,424,001.93, down 28.64% year-on-year[4] - The basic earnings per share for Q3 2023 was ¥0.14, a decline of 41.67% compared to the previous year[4] - The diluted earnings per share for Q3 2023 was also ¥0.14, reflecting a decrease of 41.67% year-on-year[4] - The net profit for the third quarter was approximately CNY 162.28 million, down 28.9% from CNY 227.91 million in the same period last year[37] - Operating profit decreased to approximately CNY 180.98 million, compared to CNY 254.52 million, a decline of 29% year-over-year[37] - The net profit attributable to the parent company for the first three quarters of 2023 was RMB 162,063,889.46, down 28.7% from RMB 227,262,545.55 in the same period last year[49] - Basic earnings per share for the first three quarters of 2023 were RMB 0.43, compared to RMB 0.61 in the same period of 2022[49] - The company reported a total comprehensive income of RMB 162,276,465.72 for the first three quarters of 2023, down from RMB 227,376,393.29 in the same period of 2022[49] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥252,095,793.91, down 24.25% compared to the same period last year[4] - Cash and cash equivalents at the end of the period were approximately CNY 132.38 million, down from CNY 36.99 million, indicating a decrease in liquidity[41] - Investment activities resulted in a net cash outflow of approximately CNY 1.10 billion, compared to CNY 934.77 million in the previous year[41] - Financing activities generated a net cash inflow of approximately CNY 794.00 million, up from CNY 523.68 million year-over-year[41] - Net cash flow from operating activities decreased to $252,095,793.91 from $332,820,926.11, a decline of about 24.2%[54] - Total cash outflow from operating activities was $2,673,800,864.76, compared to $2,312,103,591.46, indicating an increase of approximately 15.7%[54] Assets and Liabilities - Total assets as of the end of Q3 2023 were ¥6,376,613,264.95, an increase of 19.10% from the end of the previous year[15] - Current liabilities increased to approximately CNY 2.44 billion, up from CNY 1.74 billion, representing a growth of 40.3% year-over-year[21] - Non-current liabilities rose to approximately CNY 1.33 billion, compared to CNY 1.10 billion, marking a 20.5% increase year-over-year[21] - Total liabilities reached approximately CNY 3.77 billion, an increase of 32.5% from CNY 2.84 billion year-over-year[21] - Owner's equity increased to approximately CNY 2.61 billion, up from CNY 2.51 billion, reflecting a growth of 4.4% year-over-year[35] - Total assets as of the end of the reporting period amounted to RMB 6,376,613,264.95, an increase from RMB 5,353,995,624.68 at the end of the previous year[48] - Non-current assets totaled RMB 4,652,467,929.04, compared to RMB 3,745,055,440.20 in the previous year, marking a growth of 24.2%[48] Operating Costs and Expenses - Total operating costs for the first three quarters of 2023 were RMB 3,052,095,086.25, up 22.9% from RMB 2,480,800,184.12 in the previous year[53] - Research and development expenses increased to RMB 63,362,137.42 in 2023, a rise of 85.5% from RMB 34,205,007.88 in 2022[53] - The company experienced a decline in gross profit margin due to falling product prices and increased financial expenses[7] - Cash outflow for purchasing goods and services rose to $2,105,752,379.96 from $1,888,504,923.33, an increase of approximately 11.5%[54] - Cash paid to employees increased to $322,890,216.00 from $242,591,794.07, a rise of about 33.2%[54] Other Financial Metrics - The company reported a decrease in the weighted average return on equity to 2.01%, down 1.83 percentage points from the previous year[15] - The company reported interest expenses of approximately CNY 40.17 million, significantly higher than CNY 14.29 million in the previous year, indicating increased borrowing costs[37] - Accounts receivable increased to RMB 373,466,600.40 in 2023, compared to RMB 345,921,128.13 in 2022, reflecting a growth of 7.4%[48] - Inventory levels rose to RMB 663,572,111.48 in 2023, up from RMB 513,268,370.20 in 2022, indicating a significant increase of 29.3%[48] - Cash inflow from the disposal of fixed assets and other long-term assets was $853,600.49, up from $299,497.86, marking a significant increase[54] - Cash outflow for acquiring fixed assets and other long-term assets increased to $1,087,375,814.39 from $925,769,160.33, reflecting a rise of about 17.4%[54] - Cash received from other operating activities rose to $95,718,551.77 from $44,931,854.95, an increase of approximately 113%[54] - Cash flow from investment activities totaled $853,600.49, compared to $299,497.86, showing a notable increase[54] - Cash paid for investments rose to $11,948,167.02 from $9,000,000.00, an increase of approximately 32.2%[54]