Financial Performance - The company's revenue for Q3 2023 was CNY 336,177,950.60, a decrease of 2.09% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 34,811,549.27, an increase of 1.92% year-on-year[5]. - Total operating revenue for Q3 2023 was CNY 875,176,781.62, a decrease of 10.9% compared to CNY 982,115,660.77 in Q3 2022[20]. - Net profit for Q3 2023 was CNY 101,268,230.31, a decline of 19.8% from CNY 126,323,972.02 in Q3 2022[21]. - The total comprehensive income for the third quarter was CNY 101,752,039.75, a decrease of 19.4% compared to CNY 126,171,275.96 in the previous year[22]. - Basic and diluted earnings per share were both CNY 1.01, down from CNY 1.26 in the same period last year, reflecting a decline of 20%[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,462,294,613.92, representing a 37.56% increase from the end of the previous year[5]. - Total liabilities rose to CNY 550,340,172.30, compared to CNY 252,243,149.10 in the previous year[18]. - The company's total assets increased to CNY 1,462,294,613.92, up from CNY 1,063,014,015.16 year-over-year[18]. - The total equity attributable to shareholders increased to CNY 911,954,441.62 from CNY 810,770,866.06 year-over-year[18]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 171,253,202.80, reflecting an increase of 11.14%[5]. - Net cash flow from operating activities was CNY 171,253,202.80, an increase of 11.5% compared to CNY 154,094,349.46 in the previous year[24]. - Cash inflow from operating activities totaled CNY 921,905,260.73, down 10.7% from CNY 1,032,063,600.20 in the previous year[23]. - Cash outflow from operating activities was CNY 750,652,057.93, a decrease of 14.5% compared to CNY 877,969,250.74 in the previous year[24]. - Cash inflow from financing activities was CNY 269,214,460.35, significantly higher than CNY 81,485,251.03 in the previous year[24]. - The ending cash and cash equivalents balance was CNY 235,025,955.82, slightly up from CNY 231,577,007.15 in the previous year[24]. Investments and Expenses - Fixed assets grew by 116.28% to CNY 518,723,049.19, primarily due to investments in new factory buildings and equipment[10]. - Cash paid for fixed assets rose by 106.91% to 355.521 million, driven by expansion projects for new facilities and equipment[11]. - Research and development expenses for Q3 2023 were CNY 32,112,492.74, a decrease from CNY 35,826,169.63 in Q3 2022[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64[13]. - The largest shareholder, Guangdong Deguan Group Co., Ltd., holds 50.86% of the shares, totaling 50,861,831 shares[13]. Other Financial Metrics - The company's cash and cash equivalents as of September 30, 2023, amounted to 296.306 million, up from 281.377 million at the beginning of the year[16]. - The company's inventory decreased slightly to 126.529 million from 130.352 million at the beginning of the year[16]. - The weighted average return on equity for the year-to-date was 11.76%, down 5.56% compared to the previous year[5]. - Credit impairment losses increased by 141.31% to 121.861 million, primarily due to a reduction in bad debt provisions[11]. - The company reported a financial income of CNY 4,487,256.67, compared to CNY 1,818,667.99 in the same quarter last year[21]. - The company did not report any net profit from the merged entity prior to the merger, consistent with the previous year[22]. - The third quarter report was not audited, indicating that the figures are preliminary and subject to change[25].
德冠新材(001378) - 2023 Q3 - 季度财报