金杯电工(002533) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 reached ¥4,178,915,575.72, representing a 22.85% increase compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2023 was ¥122,331,852.72, up 35.33% year-on-year[5] - The net profit after deducting non-recurring gains and losses for Q3 2023 was ¥109,484,318.68, an increase of 31.97% compared to the previous year[5] - The company reported a net profit margin improvement, with net profit figures to be detailed in the upcoming reports[22] - The net profit for Q3 2023 was CNY 410,227,777.30, an increase of 39.2% compared to CNY 294,438,809.45 in Q3 2022[23] - Basic and diluted earnings per share for Q3 2023 were both CNY 0.4891, up from CNY 0.3600 in the same period last year, representing a 35.8% increase[24] - Operating profit for Q3 2023 reached CNY 479,103,005.45, a significant increase of 50.5% from CNY 318,401,479.02 in Q3 2022[23] - Total revenue from sales of goods and services for the period was CNY 11,148,730,548.22, compared to CNY 9,966,245,328.57 in the previous year, marking an increase of 11.9%[24] - The company reported a total comprehensive income of CNY 387,872,237.53 for Q3 2023, compared to CNY 220,607,857.51 in the same quarter last year, reflecting a growth of 75.9%[23] - The total profit for Q3 2023 was CNY 471,372,704.41, an increase of 47.3% from CNY 319,672,861.49 in Q3 2022[23] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥8,917,200,002.28, reflecting a 16.68% increase from the end of the previous year[5] - Current assets totaled ¥6,398,576,572.48, reflecting a growth of 23.54% compared to ¥5,176,662,244.74 in the same period last year[20] - Total liabilities reached ¥4,820,797,758.99, a rise of 31.29% compared to ¥3,669,249,564.96 in the previous year[20] - The equity attributable to shareholders of the parent company was ¥3,700,418,071.82, up from ¥3,619,222,149.39, reflecting a growth of 2.24%[20] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥692,797,224.27, a significant decline of 347.29% year-to-date[5] - The net cash flow from operating activities decreased by 347.29% to -692,797,224.27 RMB compared to the previous period, primarily due to increased maturity bill payouts and reduced tax refunds[13] - Investment activities generated a net cash flow of -230,610,756.82 RMB, an improvement of 37.38% from the previous period, attributed to the redemption of time deposits and reduced long-term asset investments[13] - Financing activities saw a net cash flow increase of 294.54% to 492,822,539.24 RMB, driven by increased business volume and higher financing needs[13] - Cash and cash equivalents decreased to 847,933,349.16 RMB from 1,286,747,901.08 RMB at the beginning of the year[18] - Cash and cash equivalents at the end of Q3 2023 totaled CNY 597,017,445.49, down from CNY 758,361,357.28 at the end of Q3 2022[25] Inventory and Receivables - Accounts receivable increased by 37.34% year-to-date, reaching ¥2,254,706,863.05, attributed to significant sales growth in the flat wire business[10] - Inventory grew by 75.15% year-to-date, totaling ¥1,672,671,186.36, driven by increased sales and rising copper prices[10] - Inventory increased significantly to ¥1,672,671,186.36, a rise of 75% from ¥955,016,618.39 year-on-year[20] Borrowings - Long-term borrowings increased by 148.39% year-to-date, amounting to ¥693,000,000.00, due to increased business volume and financing structure optimization[10] - Short-term borrowings rose to ¥415,364,391.29, an increase of 32.83% from ¥312,921,259.42 in Q3 2022[20] - Long-term borrowings increased to ¥693,000,000.00, up from ¥279,000,000.00, marking a growth of 148.03% year-on-year[20] Other Financial Metrics - The company reported a 1605.20% increase in investment income, reaching ¥7,187,921.99, compared to a loss in the previous year[11] - Credit impairment losses decreased by 58.90% to -13,894,365.35 RMB, attributed to improved collection efforts on receivables[16] - The company experienced a 142.31% increase in income tax expenses, totaling 61,144,927.11 RMB, due to higher total profits and adjustments in tax calculations[16] - The fair value change income decreased by 58.36%, primarily due to exchange rate fluctuations affecting the fair value of foreign exchange hedging instruments[16] - The company reported a 232.61% decline in asset disposal gains, resulting from losses on the sale of certain workshop equipment[16] - Research and development expenses for Q3 2023 were CNY 367,199,752.02, up from CNY 340,407,800.32, indicating a growth of 7.9% year-over-year[23]