泰和新材(002254) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥968,865,874.92, representing a 13.87% increase year-over-year[17]. - The net profit attributable to shareholders for Q3 2023 was ¥63,429,602.59, a significant increase of 372.66% compared to the same period last year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥44,583,110.66, up 500.52% year-over-year[17]. - Net profit attributable to shareholders of the parent company was CNY 278,473,092.11, compared to CNY 304,840,734.89 in the previous period[69]. - Basic and diluted earnings per share were both CNY 0.34, down from CNY 0.45 in the previous period[69]. - The net profit for the third quarter was 325,169,915.30, a decrease of 5.1% compared to 345,348,558.05 in the previous year[80]. - Total operating profit was 366,537,138.25, down from 396,024,664.00, reflecting a decline of 7.4% year-over-year[80]. Assets and Liabilities - The total assets at the end of the reporting period were ¥13,669,806,433.73, reflecting a 36.25% increase from the end of the previous year[17]. - Current assets rose to CNY 6,048,750,444.33, a 49.2% increase from CNY 4,056,447,744.43 at the start of the year[76]. - Total liabilities amounted to CNY 5,656,323,396.30, a rise of 4.2% from CNY 5,430,167,150.10 in the previous period[79]. - Long-term borrowings rose to CNY 1,357,320,197.13, an increase of 10.9% from CNY 1,223,160,926.31 in the previous period[79]. Cash Flow - Cash flow from operating activities decreased by 31.79% compared to the previous year, totaling ¥252,867,825.54[17]. - Operating cash inflow for the period was CNY 2,901,920,677.37, an increase of 27.5% from CNY 2,275,804,148.56 in the previous period[71]. - Net cash flow from operating activities decreased to CNY 252,867,825.54, down 31.8% from CNY 370,701,143.14 in the previous period[71]. - Cash flow from investment activities showed a net outflow of -1,528,834,163.80, compared to -207,454,332.36 in the previous year[85]. - Cash flow from financing activities generated a net inflow of 2,957,607,243.06, a significant increase from -366,847,504.40 in the same quarter last year[85]. Inventory and Receivables - Accounts receivable increased by 172.86% compared to the beginning of the year, mainly due to an increase in unsettled receivables[7]. - Inventory rose by 46.04% compared to the beginning of the year, primarily due to an increase in finished goods[8]. - Cash paid for purchasing goods and accepting services increased by 43.82% compared to the previous period, primarily due to increased cash payments for raw material purchases[51]. - Accounts receivable financing decreased by 64.66% compared to the beginning of the year, primarily due to an increase in endorsements and collections, leading to a reduction in bank acceptance bills[44]. Expenses - Sales expenses increased by 69.21% compared to the previous period, mainly due to increased transportation and warehousing costs, as well as salary reforms and recognition of equity incentive expenses[47]. - Research and development expenses increased to 151,211,482.15, up 23.2% from 122,602,415.09 in the same period last year[80]. - The company reported a decrease in tax expenses to 45,552,885.16 from 50,328,414.50, a reduction of 9.3%[80]. - Tax refunds received increased by 33.25% compared to the previous period, mainly due to an increase in VAT refunds and export tax rebates[50]. Capital and Investments - The company's capital reserve increased by 271.68% compared to the beginning of the year, mainly due to a non-public offering of shares[10]. - The company completed a non-public offering of shares in January 2023, raising a total of ¥2.987 billion, with new shares listed on February 3, 2023[35]. - The company received government subsidies amounting to ¥22,250,890.88 during the reporting period, contributing to its non-recurring gains[5]. - The total revenue from investment activities was 738,513,085.98, down from 1,792,060,686.85 in the previous year[85]. - The company received 3,319,339,776.41 in cash from investment activities, a substantial increase compared to 84,760,000.00 in the same quarter last year[85]. - The company reported an increase in interest income to 53,025,224.21, up from 37,352,803.29, reflecting a growth of 42%[80]. Other - Other current assets decreased by 57.41% compared to the beginning of the year, mainly due to the maturity of large-denomination certificates of deposit[45]. - Cash and cash equivalents increased by 113.33% compared to the beginning of the year, mainly due to the funds raised from the non-public offering of shares[43]. - The total cash and cash equivalents at the end of the period reached 2,782,868,756.67, up from 2,163,092,708.00 year-over-year[85]. - The company and its controlling subsidiaries committed not to reduce their holdings of the company's shares for six months starting from October 9, 2023, reflecting confidence in the company's future development[61].