TYSJ(SH:688033)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥794,808,257.19, representing a year-on-year increase of 213.55%[3] - Net profit attributable to shareholders for Q3 2023 was ¥104,690,298.98, up 102.85% compared to the same period last year[3] - The basic earnings per share for Q3 2023 was ¥0.19, reflecting a 72.73% increase year-on-year[3] - Total revenue for the first three quarters of 2023 reached ¥1,766,827,866.37, a significant increase from ¥656,358,109.31 in the same period of 2022, representing a growth of approximately 169%[25] - Operating profit for the first three quarters of 2023 was ¥374,727,374.01, up from ¥149,524,126.67 in 2022, reflecting a growth of approximately 150%[25] - The net profit for Q3 2023 reached ¥275,705,407.08, a significant increase of 108.5% compared to ¥132,162,737.95 in Q3 2022[26] - The total comprehensive income for Q3 2023 was ¥275,705,407.08, which is double the amount of ¥132,162,737.95 reported in Q3 2022[26] - The diluted earnings per share for the year-to-date period was ¥0.42, reflecting a 50.00% increase compared to the same period last year[3] Assets and Liabilities - Total assets as of the end of Q3 2023 amounted to ¥8,238,565,212.47, a 20.16% increase from the end of the previous year[4] - Total assets as of September 30, 2023, amounted to ¥8,238,565,212.47, compared to ¥6,856,575,026.44 at the end of 2022, representing a growth of approximately 20%[22] - Total liabilities increased to ¥2,804,592,869.83 in Q3 2023, up from ¥1,684,350,116.53 in Q4 2022, reflecting an increase of about 67%[22] - Non-current assets totaled ¥4,264,846,919.83 as of September 30, 2023, compared to ¥3,138,596,259.35 at the end of 2022, indicating a growth of approximately 36%[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥342,673,301.83, indicating a negative cash flow situation[4] - The operating cash flow for Q3 2023 was negative at -¥342,673,301.83, worsening from -¥136,137,610.35 in Q3 2022[29] - Cash and cash equivalents decreased to ¥1,315,483,230.37 as of September 30, 2023, down from ¥2,074,678,023.09 at the end of 2022, a decline of about 37%[21] - The cash and cash equivalents at the end of Q3 2023 were ¥1,313,500,585.45, down from ¥2,558,497,162.47 at the end of Q3 2022, a decrease of 48.6%[31] - The net cash flow from financing activities for Q3 2023 was ¥658,730,547.64, a decrease from ¥2,668,083,716.20 in Q3 2022[31] - The company incurred investment cash outflows of ¥1,077,754,597.25 in Q3 2023, compared to ¥591,039,584.94 in Q3 2022, indicating an increase of 82.2%[31] - The total operating cash inflow for the first three quarters of 2023 was ¥1,307,769,404.34, compared to ¥399,409,415.01 in the same period of 2022, marking a growth of 227.5%[29] Research and Development - Research and development expenses for Q3 2023 totaled ¥50,879,118.30, a significant increase of 123.85% year-on-year[4] - The proportion of R&D expenses to revenue for Q3 2023 was 6.40%, a decrease of 2.57 percentage points compared to the previous year[4] - The company reported R&D expenses of ¥115,737,409.60 for the first three quarters of 2023, which is an increase from ¥59,775,825.52 in the same period of 2022, reflecting a growth of about 93%[25] - The company has optimized the production process for carbon-carbon composite products, increasing deposition efficiency significantly compared to the previous period[15] - The third-generation intelligent needle-punching equipment has been fully installed, enhancing the capacity and quality consistency of preforms[15] - The company has successfully developed thermal tooling for lithium battery anodes, with trials underway at several leading material manufacturers[15] - The company has achieved significant breakthroughs in the performance of carbon-ceramic brake pads for passenger and commercial vehicles, receiving customer recognition[18] Production and Supply Chain - The carbon-carbon production line has achieved a capacity of 5,500 tons, enabling mass production of products larger than 36 inches[15] - The company has signed a long-term procurement framework agreement with a US supplier for 7,817 tons of high-purity quartz sand from 2024 to 2028[16] - The company has established partnerships with 21 automotive manufacturers for carbon-ceramic brake disc projects, with small batch supply already initiated[17] - The company has developed 12 models of commercial vehicle brake pads and 564 models of passenger vehicle brake pads, all certified by CCC[18] - The company has completed the installation and commissioning of 8 production lines for quartz crucibles, with 10 additional lines in trial production[16] - The company has completed the construction of its high-performance carbon-ceramic brake disc project facility, with large-scale deposition equipment now operational[17]