SQM(SH:688138)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥250,352,214.59, representing a year-on-year increase of 21.75%[5] - Net profit attributable to shareholders was ¥41,265,637.06, up 36.85% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses for Q3 2023 was ¥37,756,249.72, reflecting a significant increase of 52.12% year-on-year[5] - Basic earnings per share for Q3 2023 were ¥0.15, a rise of 36.36% compared to the previous year[6] - The company reported a net profit margin of 16.49% for Q3 2023, indicating strong profitability[11] - Total revenue for the first three quarters of 2023 reached ¥667,766,245.92, an increase of 21.9% compared to ¥547,496,510.98 in the same period of 2022[22] - Net profit for the third quarter of 2023 was ¥94,631,836.62, compared to ¥69,139,656.61 in the same quarter of 2022, representing a growth of 36.9%[24] - Operating profit for the third quarter of 2023 was ¥105,668,958.92, compared to ¥75,808,116.85 in the same quarter of 2022, representing an increase of 39.4%[23] - The total comprehensive income attributable to the parent company for Q3 2023 was ¥94,631,836.62, an increase from ¥69,139,656.61 in Q3 2022, representing a growth of approximately 36.9%[25] - Basic and diluted earnings per share for Q3 2023 were both ¥0.35, compared to ¥0.26 in Q3 2022, reflecting a year-over-year increase of 34.6%[25] Cash Flow and Investments - The cash flow from operating activities for the year-to-date period was ¥143,980,783.72, showing a substantial increase of 60.78%[6] - Cash inflow from operating activities for the first three quarters of 2023 was ¥694,423,580.48, up from ¥559,479,645.69 in the same period of 2022, indicating a growth of about 24.0%[26] - The net cash flow from operating activities for Q3 2023 was ¥143,980,783.72, compared to ¥89,551,312.85 in Q3 2022, marking an increase of approximately 60.9%[27] - The net cash flow from investing activities for Q3 2023 was -¥180,267,348.34, worsening from -¥62,915,424.74 in Q3 2022, indicating increased investment outflows[27] - Cash and cash equivalents at the end of Q3 2023 totaled ¥168,820,506.77, down from ¥195,232,116.25 at the end of Q3 2022, a decrease of about 13.5%[28] - Total cash outflow from financing activities in Q3 2023 was ¥93,030,479.17, compared to ¥50,680,156.13 in Q3 2022, reflecting an increase of approximately 83.6%[27] - The company reported a significant increase in tax payments, totaling ¥41,622,647.53 in Q3 2023, compared to ¥25,108,899.92 in Q3 2022, which is an increase of about 65.5%[27] - The company received cash from financing activities amounting to ¥93,087,320.78 in Q3 2023, up from ¥68,804,583.70 in Q3 2022, representing a growth of approximately 35.2%[27] - The company experienced a negative cash flow from investing activities, with cash outflows totaling ¥258,620,892.51 in Q3 2023, compared to ¥63,490,254.74 in Q3 2022, indicating a significant increase in investment expenditures[27] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥1,863,302,175.78, marking a 6.90% increase from the end of the previous year[6] - As of September 30, 2023, total current assets amounted to RMB 715,469,543.14, an increase from RMB 606,176,507.16 at the end of 2022, representing a growth of approximately 18.0%[18] - Total liabilities at the end of the third quarter of 2023 were ¥518,911,216.48, an increase from ¥461,260,605.22 in the same period of 2022, reflecting a rise of 12.5%[20] - The total equity attributable to shareholders was ¥1,344,390,959.30, reflecting a 4.89% increase from the end of the previous year[6] - The company's total equity as of the end of the third quarter of 2023 was ¥1,344,390,959.30, compared to ¥1,281,775,122.68 in the same period of 2022, reflecting an increase of 4.9%[20] Research and Development - Research and development expenses totaled ¥12,687,673.72 for Q3 2023, which is 5.07% of operating revenue[6] - Research and development expenses for the third quarter of 2023 amounted to ¥37,785,564.43, an increase of 27.8% from ¥29,554,634.79 in the previous year[23] Shareholder Information - The company held a total of 11,681,000 ordinary shares at the end of the reporting period[13] - The top two shareholders, Hong Kong Light Film Co., Ltd. and Su Xi Light Film Technology (Shenzhen) Co., Ltd., hold 36.97% and 32.46% of shares, respectively[13] - The company announced the election of Mr. Zhuang Dingding as the vice chairman of the board, effective from September 13, 2023[15] - The company has not reported any significant changes in its financing or margin trading activities among the top shareholders[14] Other Financial Metrics - The weighted average return on equity increased to 3.12%, up by 0.68 percentage points year-on-year[6] - Cash and cash equivalents stood at RMB 226,006,286.45, slightly up from RMB 224,118,188.19 at the end of 2022[18] - Accounts receivable increased to RMB 268,888,612.02 from RMB 220,953,560.13, reflecting a growth of about 21.7%[18] - Inventory rose to RMB 161,186,587.00, compared to RMB 143,427,886.55 at the end of 2022, indicating an increase of approximately 12.4%[18] - The company reported a significant increase in receivables financing, which grew to RMB 28,106,175.59 from RMB 8,979,510.01, marking a rise of about 213.5%[18] - Fixed assets decreased to RMB 971,717,752.07 from RMB 1,034,147,519.45, a decline of approximately 6.0%[18]