Financial Performance - The company's operating revenue for Q3 2023 was ¥128,912,950.24, an increase of 2.91% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was ¥14,818,424.31, representing an increase of 8.04% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,324,512.67, up by 5.55% year-on-year[5]. - Basic and diluted earnings per share for Q3 2023 were both ¥0.13, down 18.75% year-on-year[5]. - The net profit for Q3 2023 was CNY 36,822,690.77, a decrease of 20.5% compared to CNY 46,363,984.50 in Q3 2022[18]. - Operating profit for Q3 2023 was CNY 44,448,942.21, down 20.3% from CNY 55,808,152.89 in Q3 2022[18]. - Total revenue from sales of goods and services was CNY 263,372,098.61, compared to CNY 286,271,088.14 in the previous year, reflecting a decline of 8.0%[21]. - The company reported a total comprehensive income of CNY 36,890,342.89, down from CNY 46,388,021.86 in the previous year[19]. - Basic and diluted earnings per share were both CNY 0.34, compared to CNY 0.54 in Q3 2022[19]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥21,731,978.84, a decrease of 158.76% compared to the same period last year[5]. - The net cash flow from operating activities was negative at CNY -21,731,978.84, a significant decrease from CNY 36,981,497.27 in Q3 2022[22]. - Cash and cash equivalents as of September 30, 2023, were CNY 77,795,474.19, compared to CNY 61,436,047.04 at the beginning of the year, indicating a growth of 26.8%[14]. - Cash and cash equivalents at the end of the period increased to CNY 54,249,588.19, compared to CNY 16,172,217.61 at the end of Q3 2022[23]. - The net cash flow from financing activities was CNY 248,506,189.87, a turnaround from a negative cash flow of CNY -42,392,432.20 in Q3 2022[22]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥980,753,974.03, an increase of 37.35% from the end of the previous year[5]. - Total assets reached CNY 980,753,974.03, up from CNY 714,035,436.02, marking a growth of 37.3%[16]. - Total liabilities decreased to CNY 220,988,246.19 from CNY 286,505,296.85, a reduction of 22.9%[16]. - Shareholders' equity increased significantly to CNY 759,765,727.84 from CNY 427,530,139.17, reflecting an increase of 77.4%[16]. - The company reported a decrease in short-term borrowings to CNY 20,017,500.00 from CNY 54,963,450.00, a decline of 63.6%[16]. Research and Development - The decline in net profit was primarily due to increased R&D expenses and listing-related costs[9]. - Research and development expenses increased to CNY 11,461,783.97, up 37.5% from CNY 8,319,796.26 in the same period last year[18]. Share Capital and Government Subsidies - The company’s total share capital increased from 86.25 million shares to 115 million shares following its IPO on February 16, 2023[9]. - The company received government subsidies amounting to ¥296,277.22 during the reporting period[7]. Accounting and Reporting - The third quarter report has not been audited[24]. - The company has implemented new accounting standards starting from 2023[24]. - The financial statement adjustments related to the first year of the new accounting standards are applicable[24]. - The board of directors of Shandong Kuntai New Materials Technology Co., Ltd. issued the report on October 28, 2023[24].
坤泰股份(001260) - 2023 Q3 - 季度财报