SHAREATE(SH:688257)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥380,221,202.33, representing a year-over-year increase of 26.78%[3] - Net profit attributable to shareholders for Q3 2023 was ¥41,970,772.17, up 21.61% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 41.55% year-over-year, totaling ¥36,439,960.77[4] - The basic earnings per share for Q3 2023 was ¥0.3231, reflecting a growth of 21.61% year-over-year[4] - Total revenue for the first three quarters of 2023 reached ¥1,158,654,271.47, a significant increase of 31.7% compared to ¥879,353,558.01 in the same period of 2022[18] - Operating profit for the first three quarters of 2023 was ¥177,924,935.62, up from ¥147,001,632.07 in the previous year, reflecting a growth of 20.9%[19] - Net profit for the first three quarters of 2023 was ¥149,800,312.31, compared to ¥123,327,335.52 in 2022, marking an increase of 21.5%[19] - Basic earnings per share for the first three quarters of 2023 were ¥0.9799, up from ¥0.8467 in the same period last year, indicating a growth of 15.7%[20] Assets and Liabilities - Total assets as of the end of Q3 2023 were ¥3,390,939,020.94, marking an 8.33% increase from the end of the previous year[4] - Total assets as of September 30, 2023, amounted to CNY 3,390,939,020.94, an increase from CNY 3,130,289,821.95 at the end of 2022[14] - Current assets totaled CNY 2,404,045,271.11, up from CNY 2,271,367,159.82 at the end of 2022, indicating a growth of approximately 5.8%[14] - Total liabilities reached CNY 2,404,045,271.11, indicating a significant increase compared to previous periods[15] - Total liabilities increased to ¥1,092,642,041.13 in Q3 2023, compared to ¥879,277,995.60 in Q3 2022, representing a rise of 24.2%[18] - Total equity as of Q3 2023 was ¥2,298,296,979.81, compared to ¥2,251,011,826.35 in Q3 2022, showing a growth of 2.1%[18] Cash Flow - The company reported a net cash flow from operating activities of -¥26,876,415.46 for the year-to-date period, indicating a significant cash outflow[3] - Cash flow from operating activities for the first three quarters of 2023 was ¥937,447,777.24, an increase of 44.7% from ¥647,759,224.10 in the same period of 2022[22] - Operating cash inflow totaled $986.75 million, up from $696.06 million year-over-year[23] - Cash outflow from operating activities was $1.01 billion, leading to a net cash flow from operating activities of -$26.88 million, an improvement from -$38.92 million in the previous year[23] - Net cash flow from investment activities was $55.90 million, a significant recovery from -$293.58 million year-over-year[23] - Net cash flow from financing activities was -$19.59 million, worsening from -$9.61 million year-over-year[24] Research and Development - Research and development expenses amounted to ¥17,055,103.26 in Q3 2023, which is 4.49% of the revenue, an increase of 0.08 percentage points from the previous year[4] - Research and development expenses for the first three quarters of 2023 amounted to ¥50,827,551.27, compared to ¥42,464,776.34 in 2022, reflecting an increase of 19.7%[18] Market Strategy - The company attributed the revenue growth to stable sales of hard alloy products and increased international market expansion efforts[9] - The company is focusing on expanding its market presence and enhancing product development strategies[12] - The company has plans for future technological advancements and potential mergers or acquisitions to strengthen its market position[12] Other Financial Metrics - The weighted average return on equity for Q3 2023 was 2.03%, an increase of 0.3 percentage points year-over-year[4] - The company reported a total payment of $233.94 million for debt repayment during the quarter[24] - The company experienced a negative impact of $1.40 million from exchange rate fluctuations on cash and cash equivalents[24] - The company has not adopted new accounting standards for the current year[24]