晶澳科技(002459) - 2023 Q3 - 季度财报

Financial Performance - Total revenue for Q3 2023 was CNY 19,138,384,303.86, a decrease of 8.23% compared to CNY 20,855,028,770.81 in the same period last year[4] - Net profit attributable to shareholders for Q3 2023 reached CNY 1,951,497,381.38, an increase of 22.87% from CNY 1,587,169,808.31 year-on-year[4] - The net profit excluding non-recurring gains and losses was CNY 1,866,390,232.75, reflecting a 16.00% increase compared to CNY 1,607,581,165.34 in the previous year[4] - Basic earnings per share for Q3 2023 was CNY 0.59, a 22.92% increase from CNY 0.48 in the same period last year[4] - The company achieved a revenue of CNY 59,981.11 million in the first three quarters of 2023, representing a year-on-year growth of 21.61%[13] - The net profit attributable to shareholders reached CNY 6,764.83 million, an increase of 105.62% compared to the same period last year[13] - The total operating revenue for Q3 2023 was approximately CNY 51.55 billion, compared to CNY 48.05 billion in Q3 2022, reflecting a year-over-year increase of about 5.2%[18] - Net profit attributable to shareholders of the parent company reached CNY 6.76 billion, up from CNY 3.29 billion in the same period last year, representing a growth of approximately 105.5%[19] - The total comprehensive income for the period was CNY 7.14 billion, significantly higher than CNY 3.54 billion in the same quarter last year, showing an increase of approximately 102%[19] - The company’s total profit for the period was CNY 8.02 billion, compared to CNY 3.91 billion in the same quarter last year, reflecting an increase of about 105.5%[18] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period was CNY 7,152,668,134.08, up 183.79% from CNY 2,524,073,285.13[4] - Operating cash flow for the period was CNY 7,152.67 million, a significant increase of 183.79% year-on-year, driven by expanded sales and improved collections[8] - The company reported a net cash inflow from operating activities of CNY 52.33 billion, compared to CNY 41.01 billion in the previous year, indicating a growth of approximately 27.5%[20] - The net cash flow from operating activities for Q3 2023 was ¥7,152,668,134.08, a significant increase from ¥2,520,365,319.15 in Q3 2022, representing a growth of approximately 184.5%[21] - Total cash inflow from operating activities reached ¥59,692,043,385.19, compared to ¥48,286,464,954.32 in the same period last year, indicating a year-over-year increase of about 23.5%[21] - Cash outflow from operating activities was ¥52,539,375,251.11, up from ¥45,766,099,635.17 in Q3 2022, reflecting an increase of approximately 14.5%[21] - The cash and cash equivalents at the end of Q3 2023 amounted to ¥7,050,540,250.93, an increase from ¥4,324,397,558.20 at the end of Q3 2022[22] Assets and Liabilities - Total assets as of September 30, 2023, were CNY 103,999,178,852.36, representing a 43.57% increase from CNY 72,348,625,580.93 at the end of the previous year[4] - Total assets at the end of the reporting period amounted to CNY 103,999.18 million, with net assets attributable to shareholders of CNY 35,204.15 million[13] - The company’s total liabilities as of September 30, 2023, were approximately 65.48 billion yuan, compared to approximately 42.24 billion yuan at the beginning of the year[17] - The company reported a total cash outflow from financing activities of ¥9,041,582,976.44, down from ¥16,849,601,219.62 in the same quarter last year[22] Equity and Investments - Shareholders' equity attributable to the parent company was CNY 35,204,145,406.73, up 27.85% from CNY 27,504,707,644.43 year-on-year[4] - The company completed a convertible bond issuance, raising 8.96 billion yuan, which will be used for various projects including a 20GW crystal growth and slicing project and a 10GW high-efficiency battery project, supporting the expansion of N-type product capacity[14] - The company’s investment income showed a loss of CNY 232.07 million, a decline of 257.58% year-on-year, due to increased losses from foreign exchange settlements[8] - The company’s investment income from associates and joint ventures was CNY 281.52 million, compared to CNY 51.11 million in Q3 2022, representing a significant increase of approximately 450%[18] Operational Highlights - The company shipped 37.63 GW of battery modules in the first three quarters, with overseas shipments accounting for approximately 52%[13] - The company is advancing its n-type capacity layout, with projects in Yangzhou, Qujing, Shijiazhuang, and Dongtai gradually coming online, aiming for over 57 GW of n-type battery capacity by the end of 2023[13] - Research and development expenses increased to CNY 831.48 million, compared to CNY 644.09 million in Q3 2022, marking a rise of about 29.1%[18] Government Support - The company reported government subsidies of CNY 185,113,436.69 for the current period, contributing to its financial performance[5] - The company’s deferred income increased by 42.66% to CNY 1,021.58 million, mainly due to an increase in government subsidies received[8] Future Outlook - The company has set revenue targets of at least 100 billion yuan, 120 billion yuan, and 150 billion yuan for 2023, 2024, and 2025 respectively[14]