西力科技(688616) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥157,854,155.58, representing a decrease of 14.15% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2023 was ¥27,005,300.03, an increase of 40.99% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥25,359,763.57, up 36.82% from the previous year[5] - Basic and diluted earnings per share for Q3 2023 were both ¥0.18, reflecting a 38.46% increase compared to the same period last year[6] - Total revenue for the first three quarters of 2023 was CNY 353,812,643.63, a decrease of 8.93% compared to CNY 388,579,961.16 in the same period of 2022[22] - Net profit for the third quarter of 2023 was CNY 49,665,639.80, an increase of 7.88% compared to CNY 46,424,434.35 in the same quarter of 2022[23] - The total comprehensive income for the third quarter of 2023 was CNY 49,665,639.80, an increase from CNY 46,424,434.35 in the same period last year, representing a growth of approximately 4.8%[24] - Basic and diluted earnings per share for the third quarter were both CNY 0.33, up from CNY 0.30 in the previous year, indicating an increase of 10%[24] Assets and Liabilities - The company's total assets at the end of Q3 2023 were ¥1,035,253,552.10, a 2.64% increase from the end of the previous year[6] - The company's total assets as of the end of Q3 2023 amounted to CNY 1,035,253,552.10, up from CNY 1,008,595,043.29 at the end of Q3 2022, representing a growth of 2.64%[21] - Total liabilities increased to CNY 251,171,073.13 in Q3 2023, compared to CNY 245,609,802.81 in Q3 2022, marking a rise of 2.27%[21] - The company's cash and cash equivalents were CNY 612,625,902.89, an increase from CNY 597,575,007.80 in the previous year, indicating a growth of 2.09%[20] Cash Flow - The company reported cash flows from operating activities of ¥17,820,091.32 for the year-to-date, reflecting a decrease of 21.59%[6] - Cash flow from operating activities for the first three quarters of 2023 was CNY 17,820,091.32, a decrease from CNY 22,727,976.94 in the same period of 2022, reflecting a decline of about 21.5%[28] - Cash inflow from investment activities was CNY 112,486,321.11, down from CNY 367,724,862.16 in the previous year, showing a decrease of approximately 69.5%[28] - The net cash flow from investment activities was -CNY 34,224,626.61, an improvement from -CNY 163,988,357.26 in the same period last year[28] - Total cash outflow from operating activities was CNY 370,866,688.84, slightly lower than CNY 370,892,819.75 in the same period last year[28] Expenses - Research and development expenses totaled ¥9,397,314.97 for Q3 2023, accounting for 5.95% of operating revenue, which is an increase of 1.43 percentage points year-on-year[6] - Research and development expenses for the first three quarters of 2023 were CNY 23,068,596.57, up from CNY 20,816,526.68 in the same period of 2022, reflecting an increase of 10.77%[22] - The company reported a decrease in sales expenses to CNY 20,311,124.71 in 2023 from CNY 21,629,451.00 in 2022, a reduction of 6.09%[22] Shareholder Information - The company’s major shareholders include various investment partnerships, with significant stakes held by individuals such as Song Yiran and Zhou Xiaolei, indicating a concentrated ownership structure[14] Equity and Dividends - The total equity attributable to shareholders increased to CNY 784,082,478.97 in Q3 2023 from CNY 760,118,993.49 in Q3 2022, an increase of 3.15%[21] - The company paid CNY 31,500,000.00 in dividends during the third quarter, compared to CNY 34,500,000.00 in the same period last year, reflecting a decrease of about 8.7%[29] Other Financial Metrics - The weighted average return on equity for Q3 2023 was 3.51%, an increase of 0.89 percentage points compared to the previous year[6] - The company's deferred tax assets increased to CNY 10,389,579.82 in Q3 2023, compared to CNY 7,602,913.06 in Q3 2022, representing a growth of 36.93%[20] - The company received government subsidies amounting to ¥2,639,563.99 year-to-date, which contributed to its non-recurring gains[8] - The impact of exchange rate changes on cash and cash equivalents was CNY 1,559,068.44, down from CNY 7,515,219.23 in the previous year, indicating a decrease of approximately 79.2%[29] Changes in Financial Position - Accounts receivable increased to ¥211,360,247.41 from ¥196,271,085.87, reflecting a growth of about 7% year-over-year[18] - Inventory levels rose significantly to ¥91,655,340.87, compared to ¥41,866,008.63 at the end of 2022, indicating an increase of approximately 119%[18] - Other receivables increased to ¥17,373,921.02 from ¥7,589,343.93, marking a growth of about 129%[18] - The company reported a significant increase in prepayments, rising to ¥18,497,080.08 from ¥4,538,413.30, which is an increase of approximately 308%[18] - The total amount of trading financial assets decreased to ¥6,874,560.00 from ¥8,057,280.00, a decline of approximately 15%[18] Subsidiary Transactions - The company completed the transfer of 85% equity in its subsidiary Zhejiang Jinka Electric Power Technology Co., Ltd. for a total consideration of ¥28,247,859.62, which includes ¥21,280,000.00 in transfer price and ¥6,967,859.62 in undistributed profit dividends[16] - The company no longer holds equity in Jinka Electric Power, which will not be included in the consolidated financial statements going forward[16]