长远锂科(688779) - 2023 Q3 - 季度财报

Financial Performance - The net profit for Q3 2023 was CNY 72,235,981.38, a significant decrease compared to CNY 1,113,532,656.94 in Q3 2022, reflecting a decline of approximately 93.5%[24] - The total profit for Q3 2023 was CNY 78,329,126.17, down from CNY 1,379,037,852.38 in the same period last year, indicating a decrease of about 94.3%[24] - The basic and diluted earnings per share for Q3 2023 were both CNY 0.04, compared to CNY 0.58 in Q3 2022, representing a decline of approximately 93.1%[24] - The total operating income for Q3 2023 was CNY 69,561,333.82, a significant drop from CNY 1,372,456,467.04 in Q3 2022, marking a decline of approximately 95.0%[23] - Net profit attributable to shareholders for the first three quarters of 2023 was CNY 72,235,981.38, down 93.51% from the previous year[55] - The company's net profit after deducting non-recurring gains and losses for the first three quarters of 2023 was CNY 24,175,716.76, down 97.75% from the previous year[55] - Net profit attributable to shareholders for the current reporting period dropped by 97.83%, reflecting a substantial decrease in sales volume and prices[58] - Basic earnings per share for the current reporting period fell by 100.00%, indicating a severe impact on profitability[58] Cash Flow and Liquidity - The company's cash and cash equivalents amounted to CNY 1,460,970,462.56 as of September 30, 2023, down from CNY 4,892,210,025.92 at the end of Q3 2022, a decrease of about 70.1%[10] - Operating cash inflow for the first nine months was CNY 2,148,697,982.44, a decrease from CNY 2,534,295,937.58 in the same period last year, reflecting a decline of approximately 15.2%[36] - Cash outflow from operating activities increased significantly to CNY 4,891,782,176.04, compared to CNY 3,198,387,208.85 in the previous year, marking an increase of about 53%[36] - Net cash flow from operating activities was negative at CNY -2,743,084,193.60, worsening from CNY -664,091,271.27 year-over-year[36] - Cash flow from operating activities for the current reporting period was not applicable, primarily due to extended payment terms granted to downstream customers[58] - The company experienced a net cash outflow from financing activities of approximately 391.02 million, contrasting with a net inflow of 198.21 million in the previous period[68] Assets and Liabilities - The company's total assets as of the end of the reporting period were CNY 15,376,344,454.93, down 12.92% from CNY 17,657,209,773.98 at the end of the previous year[56] - The total liabilities of the company amounted to CNY 7,629,457,043.82, compared to CNY 9,535,952,263.74 in the previous year[55] - The company's total non-current liabilities were CNY 3,878,784,561.91, an increase from CNY 3,750,809,938.16 in the previous year[55] - Total assets as of September 30, 2023, amounted to approximately 15.38 billion, down from 17.66 billion at the end of 2022[63] - Total liabilities and shareholders' equity as of September 30, 2023, was approximately 15.38 billion, compared to 17.66 billion at the end of 2022[64] Revenue and Sales - Total operating revenue for the first three quarters of 2023 was CNY 8,365,456,893.06, a decrease of 34.11% compared to CNY 12,695,624,612.65 in the same period of 2022[52] - Revenue for the current reporting period decreased by 31.34% due to significant fluctuations in upstream raw material prices and a decline in product sales prices[58] Research and Development - Research and development expenses for the first three quarters of 2023 totaled CNY 274,557,287.27, a decrease of 47.36% compared to CNY 521,580,161.45 in the same period of 2022[56] - Total research and development expenditure for the current reporting period decreased by 42.93%, attributed to a reduction in input costs for R&D materials[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,619, with the top ten shareholders holding significant stakes[46] - The largest shareholder, China Minmetals Corporation, holds 331,102,600 shares, representing 17.16% of total shares[46] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 13,740,228.28, down from CNY 43,997,028.81 in the previous year[44] Market and Product Development - The company has not disclosed any new product or technology developments during the quarter[19] - There were no significant market expansion or acquisition strategies mentioned in the report[19] - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[36]