MustangBattery(SH:605378)2023-10-29 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 346,162,866.43, representing a year-over-year increase of 10.53%[5] - The net profit attributable to shareholders for the same period was CNY 39,215,177.88, reflecting a growth of 4.86% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY 36,807,182.59, which is a decrease of 6.05% year-over-year[5] - Total revenue for the first three quarters of 2023 was CNY 764,691,179.04, a decrease of 5.6% compared to CNY 810,350,024.90 in the same period of 2022[21] - Operating profit for the third quarter was CNY 88,236,718.67, an increase from CNY 85,044,815.53 in the previous year[22] - Net profit for the third quarter reached CNY 76,509,442.44, up from CNY 73,482,466.85 year-over-year, reflecting a growth of 4.1%[22] Cash Flow and Liquidity - The cash flow from operating activities showed a significant decline of 47.04%, amounting to CNY 48,777,874.94 for the year-to-date[6] - The net cash flow from operating activities for the first three quarters of 2023 was ¥48.78 million, down 47.2% from ¥92.11 million in the first three quarters of 2022[25] - The cash and cash equivalents at the end of the period reached ¥188.89 million, up from ¥76.49 million at the end of the same period in 2022, representing an increase of 147.6%[26] - Cash and cash equivalents reached CNY 200,193,992.84, up from CNY 96,331,714.50, indicating a significant increase of approximately 107.5%[17] Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 1,559,557,737.19, an increase of 4.81% from the end of the previous year[6] - Total assets increased to CNY 1,559,557,737.19 from CNY 1,487,935,898.41, marking a growth of 4.8%[19] - The total current assets as of September 30, 2023, amounted to CNY 1,153,762,627.14, an increase from CNY 1,121,718,374.67 at the end of 2022, reflecting a growth of approximately 2.9%[17] - The total liabilities rose to CNY 360,528,003.39, compared to CNY 298,053,590.66, indicating an increase of 20.9%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,770[12] - Major shareholders include Yu Yankang and Chen Enle, each holding 15.00% of the shares[12] Research and Development - Research and development expenses for the first three quarters were CNY 23,337,363.90, slightly down from CNY 24,736,517.79 in the previous year[22] Future Outlook and Strategy - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[15] - The report did not provide specific future guidance or performance outlook, indicating a need for further updates in subsequent communications[15] - The company has not disclosed any new product or technology developments, market expansions, or mergers and acquisitions in the current report[27] Other Financial Metrics - Basic and diluted earnings per share for Q3 2023 were both CNY 0.29, a decrease from CNY 0.57 in the same period last year[6] - Basic and diluted earnings per share for the third quarter were both CNY 0.57, compared to CNY 0.55 in the same quarter last year[23] - The weighted average return on equity was 3.33%, an increase of 0.07 percentage points compared to the previous year[6] - Financial expenses showed a significant improvement, with a net income of CNY -7,819,133.10 compared to CNY -25,278,948.24 in the previous year[22] - Other comprehensive income after tax for the third quarter was CNY -692,016.39, compared to CNY -26,850.55 in the same period last year[23]