KBC(SH:688598)2023-10-23 16:00Financial Performance - In Q3 2023, the company's operating revenue was CNY 271,082,669.84, a decrease of 9.69% compared to the same period last year[23] - The net profit attributable to shareholders of the listed company was CNY 28,831,423.45, down 77.61% year-on-year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 863,845.98, a decline of 98.43% compared to the previous year[23] - The company reported a significant decline in total revenue for the year-to-date, amounting to CNY 877,664,514.67, down 23.46% year-on-year[23] - Basic earnings per share for the current reporting period is CNY 0.21, a decrease of 78.79% compared to the same period last year[25] - Diluted earnings per share for the current reporting period is CNY 0.20, a decrease of 79.59% compared to the same period last year[25] - Net profit attributable to shareholders for the current reporting period decreased by 77.61% year-on-year[29] - Net profit attributable to shareholders for the year-to-date period decreased by 37.21% due to a reduction in product sales prices[29] - The company’s revenue for the first three quarters of 2023 was CNY 874,559,802.52, a decrease of 23.7% compared to CNY 1,146,687,441.51 in the same period of 2022[67] - The net profit for the first three quarters of 2023 was CNY 321,099,346.49, down 35.4% from CNY 497,095,757.80 in the first three quarters of 2022[67] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 197,322,785.70, a decrease of 50.04% year-on-year[23] - As of September 30, 2023, cash and cash equivalents amounted to CNY 239,877,551.02, down from CNY 293,774,207.91 at the end of 2022[16] - The total current assets decreased from CNY 4,293,748,918.69 at the end of 2022 to CNY 3,676,696,558.43[16] - Total assets at the end of the reporting period are CNY 7,206,549,426.32, an increase of 5.41% compared to the end of the previous year[25] - Cash flow from operating activities for the first three quarters of 2023 was approximately $197.32 million, down from $394.97 million in the same period of 2022[41] - Cash and cash equivalents at the end of Q3 2023 decreased to ¥174,780,263.95, compared to ¥369,278,741.47 at the end of Q3 2022, a decline of approximately 52.7%[50] - The total cash flow from investment activities for the first three quarters of 2023 was CNY -358,004,740.08, an improvement from CNY -3,399,099,312.36 in the same period of 2022[60] Research and Development - Total R&D investment for the current period is CNY 33,994,684.56, a decrease of 2.99% compared to the same period last year[25] - R&D investment as a percentage of operating revenue is 12.54%, an increase of 0.87 percentage points year-on-year[25] - Research and development expenses increased to approximately $113.55 million in the first three quarters of 2023, up from $99.23 million in the same period of 2022, reflecting a focus on innovation[36] - Research and development expenses for the first three quarters of 2023 were CNY 96,875,313.06, slightly up from CNY 96,054,804.50 in the same period of 2022[67] Shareholder and Equity Information - The report indicates that there are no significant changes in shareholder relationships or actions among the top shareholders[14] - Total equity attributable to shareholders at the end of the reporting period is CNY 6,216,752,810.26, an increase of 3.90% compared to the end of the previous year[25] - The company reported a net profit of ¥1,427,318,488.38 in retained earnings as of September 30, 2023, an increase of 26.4% from ¥1,129,737,658.64 at the end of 2022[46] - The company’s total equity reached ¥6,230,424,765.76 as of September 30, 2023, up from ¥5,977,961,284.15 at the end of 2022, indicating an increase of about 4.2%[46] Liabilities and Financing Activities - Total liabilities increased to ¥969,053,405.40 as of September 30, 2023, compared to ¥841,854,408.12 at the end of 2022, reflecting a rise of approximately 15.1%[45] - The company’s long-term borrowings rose to ¥379,600,000.00 as of September 30, 2023, compared to ¥214,000,000.00 at the end of 2022, marking an increase of about 77.5%[45] - The net cash flow from financing activities for the first three quarters of 2023 was ¥106,733,877.12, a significant decrease from ¥3,121,995,100.40 in the same period of 2022[50] - Cash outflow from financing activities decreased to ¥211,654,532.60 in the first three quarters of 2023, down from ¥342,995,709.62 in the same period of 2022, a reduction of approximately 38.3%[50] Compliance and Governance - The company has adopted new accounting standards starting in 2023, which may affect the financial statements for the year[75] - The financial report indicates that there are no adjustments required for the initial execution of the new standards[75] - The board of directors of Hunan Jinbo Carbon Co., Ltd. held a meeting on October 23, 2023, to discuss financial matters[75] - The company is led by Dai Zhaohui, with Zhou Ziyuan responsible for accounting work[75] - The accounting institution is also headed by Zhou Ziyuan, ensuring consistency in financial reporting[75] - The document does not provide specific performance metrics or future outlook details[75] - There are no mentions of user data, new product developments, or market expansion strategies in the provided content[75] - The company has not disclosed any merger or acquisition activities in the current report[75] - No performance guidance or strategic initiatives were highlighted in the conference call[75] - The document is primarily focused on compliance with accounting standards rather than financial performance[75]