旷达科技(002516) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥489,758,476.24, representing a 2.14% increase year-over-year, while the year-to-date revenue decreased by 4.90% to ¥1,254,400,919.60[5] - Net profit attributable to shareholders for Q3 2023 was ¥65,846,965.43, a significant increase of 35.16% compared to the same period last year, but a decrease of 5.89% year-to-date to ¥141,857,448.27[5] - The basic and diluted earnings per share for Q3 2023 were both ¥0.0447, reflecting a 35.05% increase year-over-year[5] - Total operating revenue for Q3 2023 was CNY 1,254,400,919.60, a decrease of 4.9% from CNY 1,319,056,035.93 in Q3 2022[20] - Net profit for Q3 2023 was CNY 139,762,017.65, a decline of 6.5% compared to CNY 149,270,459.66 in Q3 2022[21] - Basic earnings per share for Q3 2023 were CNY 0.0964, compared to CNY 0.1025 in the same quarter last year, reflecting a decrease of 5.9%[21] - The company's retained earnings decreased to CNY 749,981,709.19 from CNY 897,336,697.32 year-over-year, a decline of approximately 16.4%[20] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥4,248,990,467.96, down 3.55% from the end of the previous year[5] - The company's total assets decreased to CNY 4,248,990,467.96 from CNY 4,405,223,043.85 year-over-year, reflecting a reduction of approximately 3.5%[20] - The company’s total liabilities decreased by 3.61% compared to the previous year, indicating improved financial stability[5] - The total liabilities decreased to CNY 638,221,364.18 from CNY 658,052,495.31, a decline of about 3%[20] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥127,124,328.25, a decrease of 6.39% compared to the previous year[5] - Operating cash inflow for the period reached CNY 930,154,871.13, an increase of 5.5% compared to CNY 885,873,469.26 in the previous period[23] - Net cash flow from operating activities was CNY 127,124,328.25, down 6.3% from CNY 135,805,179.73 year-on-year[23] - Cash inflow from investment activities totaled CNY 1,157,313,761.93, significantly higher than CNY 754,946,568.41 in the previous period[25] - Net cash flow from investment activities was -CNY 92,936,570.01, a decline from CNY 24,953,038.14 in the previous period[25] - Cash outflow for financing activities was CNY 306,715,068.90, compared to CNY 92,520,362.29 in the previous period, indicating increased financing costs[25] - The net increase in cash and cash equivalents was -CNY 272,473,603.05, contrasting with an increase of CNY 68,257,839.79 in the previous period[25] - The ending balance of cash and cash equivalents stood at CNY 282,270,238.19, down from CNY 315,051,999.24 in the previous period[25] Investments and Subsidiaries - The company reported a significant increase in cash received from investments, totaling ¥114,950,000.00, which is a 53.47% increase year-over-year[9] - The company experienced a 300.00% increase in cash distributed for dividends, amounting to ¥28,921,240.00 in Q3 2023[9] - The company reported a 425.09% increase in investment income, reaching ¥1,243,330.00 in Q3 2023, driven by increased equity investment returns[8] - The company completed a second round of financing for its important associate, Chip Investment Microelectronics, raising a total of 220 million RMB at a pre-investment valuation of 2.78 billion RMB[13] - The company established two wholly-owned subsidiaries with an investment of 100 million RMB each, focusing on microelectronics and new energy technology[14] - The company’s subsidiary, Kuangda Automotive Parts System, completed a merger with another subsidiary, changing its name to Kuangda Textile Technology Development Co., Ltd.[15] Legal and Compliance - The company is pursuing legal action against its subsidiary, Kuangda Guoguang, for repayment of a loan totaling 57,753,600 RMB, plus interest and penalties[16] - The third quarter report was not audited, indicating potential implications for financial transparency[26] Inventory and Assets Management - As of September 30, 2023, the total current assets amount to 2,162,699,595.50 RMB, a decrease from 2,266,731,606.09 RMB at the beginning of the year[18] - The company’s long-term equity investments increased to 536,558,353.42 RMB from 515,605,864.24 RMB at the beginning of the year[18] - The company’s inventory as of September 30, 2023, is valued at 292,608,345.60 RMB, up from 266,628,998.45 RMB at the beginning of the year[18] - The company’s fixed assets decreased to 1,161,292,777.50 RMB from 1,232,364,104.55 RMB at the beginning of the year[18] Research and Development - Research and development expenses for Q3 2023 were CNY 38,109,607.86, slightly down from CNY 40,339,687.14 in Q3 2022[20] Other Comprehensive Income - Other comprehensive income after tax for Q3 2023 was CNY -794,312.67, compared to CNY -4,230,670.99 in Q3 2022, indicating an improvement in this area[21] Adjustments and Accounting Standards - The company adjusted deferred tax assets by CNY 644,964.41 and increased surplus reserves by CNY 1,901.24 as part of the new accounting standards effective from January 1, 2023[26]