Sinocat(SH:688737)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥438,677,400.94, representing a year-on-year increase of 278.84%[3] - The net profit attributable to shareholders for the same period was ¥12,239,684.97, with a year-to-date net profit of ¥32,846,140.69[3] - The basic and diluted earnings per share for Q3 2023 were both ¥0.11, with a year-to-date figure of ¥0.35[3] - Total operating revenue for the first three quarters of 2023 reached ¥1,123,708,404.48, a significant increase from ¥310,585,980.27 in the same period of 2022, representing a growth of approximately 262%[15] - Operating profit for the first three quarters of 2023 was ¥25,415,467.84, compared to a loss of ¥72,158,382.18 in the same period of 2022, indicating a turnaround in profitability[16] - Net profit for the first three quarters of 2023 was ¥32,944,224.23, recovering from a net loss of ¥53,635,041.23 in the same period of 2022[17] - Basic and diluted earnings per share for the first three quarters of 2023 were both ¥0.34, compared to a loss of ¥0.61 per share in the same period of 2022[17] Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥56,786,663.98 for Q3 2023, with a year-to-date figure of -¥312,351,053.28[3] - Cash flow from operating activities for the first three quarters of 2023 was negative at -¥312,351,053.28, worsening from -¥103,723,598.56 in the same period of 2022[20] - Cash inflow from investment activities for the first three quarters of 2023 totaled ¥1,297,221,885.06, compared to ¥2,229,708,656.71 in the same period of 2022[20] - Net cash flow from investment activities for the first three quarters of 2023 was $28.51 million, a significant improvement from a negative $173.19 million in the same period of 2022[21] - Cash inflow from financing activities totaled $94.12 million in 2023, compared to $70 million in 2022, indicating a 34.3% increase[21] - Net cash flow from financing activities improved to $70.44 million in 2023, recovering from a negative $129.04 million in 2022[21] - The company reported a net decrease in cash and cash equivalents of $213.31 million for the first three quarters of 2023, an improvement from a decrease of $405.96 million in the same period of 2022[21] - The ending balance of cash and cash equivalents was $259.33 million as of September 30, 2023, down from $442.12 million a year earlier[21] Assets and Liabilities - Total assets increased to ¥2,496,134,596.04, reflecting a growth of 16.93% compared to the end of the previous year[4] - As of September 30, 2023, the company's total assets amounted to RMB 2,496,134,596.04, an increase from RMB 2,134,642,458.79 at the end of 2022[12] - The company's cash and cash equivalents decreased to RMB 280,573,347.33 from RMB 495,471,072.23 at the end of 2022, representing a decline of approximately 43.3%[10] - Accounts receivable increased significantly to RMB 585,728,950.41, up from RMB 265,738,183.51, indicating a growth of approximately 120%[10] - Inventory rose to RMB 327,941,408.76 from RMB 248,938,030.83, reflecting an increase of about 31.7%[11] - Total current liabilities surged to RMB 543,030,156.81, compared to RMB 212,422,623.06 at the end of 2022, marking an increase of approximately 155%[12] - The company's total liabilities reached RMB 614,621,310.78, up from RMB 264,071,881.68, which is an increase of approximately 132%[13] - The equity attributable to shareholders increased slightly to RMB 1,875,385,375.75 from RMB 1,864,540,751.14, showing a marginal growth of about 0.11%[13] - The company reported a significant increase in accounts payable, which rose to RMB 244,194,832.76 from RMB 91,676,230.72, representing an increase of approximately 166%[12] Research and Development - Research and development expenses totaled ¥20,972,145.44 in Q3 2023, accounting for 4.78% of operating revenue, a decrease of 14.34 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2023 were ¥54,918,739.63, a decrease from ¥61,336,655.88 in the same period of 2022[15] Shareholder Information - The company has a total of 8,298 common shareholders as of the end of the reporting period[8] - The top shareholder, Chen Qizhang, holds 39,008,704 shares, accounting for 32.44% of the total shares[8] Other Information - The significant increase in operating revenue was primarily driven by the growth in sales of natural gas heavy-duty vehicle catalysts and stable supply to major passenger car clients[6] - The company has not disclosed any new product developments or market expansion strategies in the current report[10] - There are no significant changes in the company's long-term debt, which remains at RMB 20,000,000.00[12] - The company reported a tax expense of -¥2,552,407.50 for the first three quarters of 2023, compared to -¥15,376,048.87 in the same period of 2022[16] - Other income for the first three quarters of 2023 was ¥10,156,853.45, down from ¥12,472,655.33 in the same period of 2022[15] - The weighted average return on equity for Q3 2023 was 0.65%, an increase of 1.68 basis points year-on-year[4]