TMD(SZ:000762)2023-10-26 16:00Revenue and Profitability - Operating revenue decreased by 57.85% year-on-year, primarily due to a sharp decline in lithium salt market prices, leading to a significant drop in both sales volume and prices of main products [13]. - Net profit attributable to shareholders decreased by 76.35% year-on-year, also driven by the drastic drop in lithium salt market prices affecting sales performance [14]. - Total operating revenue for the current period is 558,907,800.78, a decrease of 57.8% compared to 1,325,887,370.75 in the previous period [37]. - Net profit for the current period is 223,488,979.25, a significant decline from 885,005,825.98 in the previous period, indicating challenges in profitability [38]. - Revenue for the third quarter reached ¥275,512,350.12, an increase of 162.04% compared to the same period last year [59]. - Net profit attributable to shareholders was ¥87,775,964.04, a staggering increase of 3,259.51% year-over-year [59]. - Net profit after deducting non-recurring gains and losses was ¥80,034,230.42, up 6,515.81% compared to the previous year [59]. - The company reported a basic earnings per share of ¥0.168, a dramatic increase of 3,260.00% compared to the same period last year [59]. Assets and Liabilities - Total assets amount to 7,375,488,177.21, slightly down from 7,513,946,450.56, showing a stable asset base despite revenue decline [37]. - Current liabilities total 577,972,576.23, a decrease from 1,221,786,240.50, indicating improved liquidity management [37]. - Non-current liabilities are 2,796,823,662.49, up from 2,230,240,940.14, suggesting increased long-term financing [37]. - The company's equity attributable to shareholders is 3,075,377,806.21, an increase from 2,959,646,141.93, reflecting retained earnings growth [37]. - Total assets at the end of the reporting period were ¥7,375,488,177.21, a decrease of 1.84% from the end of the previous year [59]. - Shareholders' equity attributable to the parent company was ¥3,075,377,806.21, reflecting a growth of 3.91% year-over-year [59]. Cash Flow and Investments - Cash flow from investment activities increased by 41.49% year-on-year, mainly due to an increase in cash received from investment recoveries and a decrease in cash paid for fixed assets and other long-term assets [30]. - Cash flow from operating activities decreased by 64.03% year-over-year, primarily due to reduced cash received from sales [64]. - Total cash inflow from operating activities was ¥1,419,148,476.53, down 14.7% from ¥1,664,527,076.89 year-on-year [74]. - Cash outflow from operating activities increased to ¥1,054,040,297.30, up 62.2% from ¥649,363,852.53 in the previous period [74]. - Investment activities generated a net cash flow of -¥708,506,542.85, an improvement from -¥1,210,927,763.66 in the previous period [74]. - Cash flow from financing activities resulted in a net outflow of -¥260,852,487.13, compared to a net inflow of ¥1,112,364,789.61 last year [74]. - Cash and cash equivalents at the end of the period totaled ¥1,317,967,486.69, down from ¥1,847,066,314.54 at the end of the previous period [75]. Inventory and Receivables - Accounts receivable decreased by 99.66% compared to the beginning of the year, primarily due to the collection of sales payments during the period [11]. - Inventory has increased to 265,971,893.36 from 170,477,486.66, indicating potential overstocking or anticipated demand [36]. - Inventory grew by 56.02% compared to the beginning of the year, attributed to changes in production costs and a significant drop in sales volume [48]. - Other receivables increased by 100.07% compared to the beginning of the year, mainly due to the accrual of significant fixed deposit interest [27]. Expenses and Financial Management - Total operating costs for the current period are 277,814,283.28, down from 290,244,271.55, reflecting a cost reduction strategy [37]. - Financial expenses increased by 447.00% year-on-year, primarily due to the addition of loan costs for a ten-thousand-ton project [29]. - Employee compensation payable decreased by 72.75% compared to the beginning of the year, primarily due to the settlement of previously unpaid compensation [28]. - Research and development expenses increased by 1,110.86% compared to the same period last year, indicating a significant rise in investment in R&D [63]. - Credit impairment losses decreased by 21,367.77% year-on-year, attributed to the recovery of sales payments and reversal of previously accrued bad debt provisions [78]. Other Financial Metrics - Non-current asset disposal loss amounted to -98,523.22 CNY for the reporting period [9]. - Government subsidies recognized in the current period totaled 179,137.44 CNY, with a cumulative amount of 407,107.42 CNY from the beginning of the year to the end of the reporting period [9]. - Long-term borrowings increased by 211.90% compared to the beginning of the year, primarily due to new project loans [77]. - Construction in progress grew by 37.43% year-on-year, mainly due to payments for project investments [76]. - Cash inflow from other operating activities significantly increased to ¥351,382,966.67 from ¥10,429,483.92 in the previous period [74].