德赛电池(000049) - 2023 Q3 - 季度财报

Financial Performance - The net cash flow from operating activities for the first nine months of 2023 was ¥1,885,712,041.12, a significant increase of 714.18% compared to ¥231,608,173.81 in the same period of 2022[8] - The company's operating revenue for the current period is ¥5,084,212,987.44, a decrease of 15.74% compared to ¥6,034,211,290.42 in the same period last year[14] - Net profit attributable to shareholders is ¥186,964,462.59, down 37.35% from ¥298,426,755.48 year-on-year[14] - The net profit excluding non-recurring gains and losses is ¥181,570,927.99, reflecting a 36.87% decline from ¥287,627,298.37 in the previous year[14] - The basic earnings per share is ¥0.6245, a decrease of 37.35% compared to ¥0.9968 in the same period last year[14] - The weighted average return on equity is 4.47%, down from 8.01% year-on-year, indicating a decline of 3.54%[14] - The net profit for the current period was CNY 341.04 million, a decrease of 43.38% compared to CNY 603.12 million in the previous period[44] - The operating profit decreased to CNY 341.82 million from CNY 713.80 million, reflecting a decline of approximately 52.1%[44] - The basic earnings per share for the current period was CNY 1.2109, down from CNY 2.0237 in the previous period, a decline of about 40%[44] Assets and Liabilities - The total amount of fixed assets increased by 42.30% to ¥2,772,528,938.11 from ¥1,948,367,140.98, primarily due to the addition of production equipment[4] - The total liabilities increased by 35.00% to ¥2,675,829,354.63, reflecting the need for long-term borrowing to support asset investments[7] - Total assets at the end of the reporting period are ¥13,658,529,596.71, an increase of 8.99% from ¥12,514,553,433.29 at the end of the previous year[14] - The equity attributable to shareholders increased to ¥4,256,841,380.15, up 4.12% from ¥4,088,244,931.83 at the end of the previous year[14] - The company's total liabilities increased to CNY 9.29 billion from CNY 8.31 billion, indicating a rise of about 11.76%[42] - The company's long-term borrowings increased to CNY 2.68 billion from CNY 1.98 billion, reflecting a growth of about 35%[42] Cash Flow - The cash flow from investment activities showed a net outflow of ¥1,339,927,809.21, which is a 26.28% increase compared to the outflow of ¥1,061,115,797.50 in the previous year[8] - The net cash flow from operating activities for the year-to-date is ¥1,885,712,041.12, a significant increase of 714.18% compared to ¥231,608,173.81 in the previous year[14] - The net cash flow from operating activities for the third quarter was CNY 1,885,712,041.12, significantly up from CNY 231,608,173.81 in the previous year[30] - The net cash flow from investment activities was negative CNY 1,339,927,809.21, compared to negative CNY 1,061,115,797.50 in the same period last year[30] - The net cash flow from financing activities was negative CNY 46,120,497.91, a decline from a positive CNY 1,087,170,022.03 in the previous year[30] - The company's cash and cash equivalents increased by 80.98% to ¥1,290,703,488.99, primarily due to the collection of accounts receivable from a strong sales season[4] - The company's cash and cash equivalents at the end of the period totaled CNY 1,089,528,946.43, up from CNY 506,902,954.13 at the end of the previous year[30] - The company's cash and cash equivalents increased significantly to CNY 1.29 billion from CNY 713.19 million, marking an increase of about 80.56%[40] Expenses - The company's financial expenses rose by 213.21% to ¥24,225,038.16, mainly due to increased interest expenses and reduced foreign exchange gains[7] - The company reported a decrease in operating profit by 52.11% to ¥341,824,930.66, attributed to a decline in revenue and increased R&D and financial expenses[7] - Research and development expenses for the third quarter amounted to CNY 485,852,730.24, an increase from CNY 434,126,833.01 in the same period last year[35] Government Subsidies - The total amount of government subsidies recognized in the current period was ¥9,200,505.00, with a cumulative amount of ¥21,158,932.20 for the year[1] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 68,165, with the largest shareholder holding 22.93% of the shares[23] Accounting Changes - The company has adjusted its accounting policies starting January 1, 2023, in accordance with the new accounting standards issued by the Ministry of Finance[15] - The company will implement changes to the initial retained earnings and related financial statement items starting January 1, 2023, due to temporary differences arising from leasing activities[47] Inventory and Impairment - The company's inventory decreased to CNY 2.56 billion from CNY 2.91 billion, a reduction of approximately 12.06%[40] - The company reported an asset impairment loss of CNY 35.74 million, compared to CNY 27.35 million in the previous period, indicating an increase of approximately 30.5%[44] Deferred Tax - Deferred tax assets increased from 158,878,823.90 to 176,162,853.74 after adjustments, reflecting an increase of 17,284,029.84[52] - Total assets rose from 158,878,823.90 to 176,162,853.74 due to the remeasurement adjustments[52] - Deferred tax liabilities increased from 41,002,434.31 to 58,286,464.15, showing an increase of 17,284,029.84[52] - Total liabilities rose from 41,002,434.31 to 58,286,464.15 as a result of the adjustments[52]