双星新材(002585) - 2022 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2022 was ¥1,326,186,010.68, a decrease of 17.08% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥54,205,184.63, down 85.33% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥52,820,734.87, reflecting an 84.32% decrease compared to the previous year[7]. - Total operating revenue for the period reached CNY 4,809,256,196.55, an increase from CNY 4,240,512,739.27 in the previous period, representing a growth of approximately 13.4%[26]. - Net profit for the period was CNY 768,070,456.47, down from CNY 973,422,035.98 in the previous period, indicating a decrease of about 21.1%[29]. - Basic earnings per share (EPS) decreased to 0.664 from 0.842, while diluted EPS also fell to 0.666 from 0.842[31]. Cash Flow - The operating cash flow for the year-to-date was ¥664,064,696.47, a decline of 51.13% year-on-year[7]. - Cash flow from operating activities increased to ¥5,575,283,924.02, up from ¥4,746,898,237.60, representing a growth of approximately 17.5%[31]. - Net cash flow from operating activities decreased to ¥664,064,696.47 from ¥1,358,798,230.93, a decline of about 51.1%[31]. - Cash inflow from investment activities totaled ¥806,990,776.33, down from ¥1,005,009,462.92, a decrease of approximately 19.7%[33]. - Net cash flow from investment activities was -¥955,704,991.50, improving from -¥1,216,557,481.74, indicating a reduction in cash outflow[33]. - Cash flow from financing activities resulted in a net outflow of -¥453,642,280.33, compared to -¥240,471,785.00, reflecting an increase in cash outflow[33]. - The ending balance of cash and cash equivalents decreased to ¥529,135,220.51 from ¥949,247,483.65, a decline of approximately 44.4%[33]. - The company received ¥800,000,000.00 related to other investment activities, an increase from ¥730,000,000.00[33]. - The company reported a decrease in tax refunds received to ¥98,083,175.64 from ¥146,552,132.55, a decline of about 33%[31]. - The company’s total cash outflow from operating activities increased to ¥4,911,219,227.55 from ¥3,388,100,006.67, an increase of approximately 45%[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥12,527,871,868.51, an increase of 3.32% from the end of the previous year[7]. - Total assets amounted to CNY 12,527,871,868.51, compared to CNY 12,125,305,533.29 in the previous period, reflecting an increase of approximately 3.3%[25]. - Total liabilities were CNY 2,808,903,047.34, up from CNY 2,726,517,674.18, marking an increase of about 3.0%[25]. - The company's retained earnings rose to CNY 3,168,005,596.34 from CNY 2,746,818,565.37, showing an increase of approximately 15.3%[25]. - The total current assets as of September 30, 2022, are ¥5,590,140,905.81, compared to ¥5,494,859,814.06 at the beginning of the year[19]. - Non-current assets include fixed assets valued at ¥4,205,097,767.67, down from ¥4,303,186,133.22[19]. - Deferred income tax liabilities increased to CNY 25,967,046.64 from CNY 18,051,387.27, reflecting an increase of approximately 43.5%[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 59,091[15]. - The largest shareholder, Wu Peifu, holds 26.07% of the shares, totaling 301,388,029 shares[15]. - The company has a total of 75,347,007 unrestricted shares held by Wu Peifu[15]. - The company has identified related party relationships among its major shareholders, indicating potential influence in decision-making[15]. Inventory and Expenses - Inventory increased by 41.42% due to higher material reserves and finished goods[12]. - Accounts receivable decreased to ¥996,620,009.10 from ¥1,069,508,615.10 year-to-date[19]. - Inventory increased significantly to ¥2,208,726,547.43 from ¥1,561,779,949.35 at the beginning of the year[19]. - Research and development expenses for the period were CNY 186,507,862.28, slightly up from CNY 186,008,408.49, indicating a marginal increase of about 0.3%[26]. - The total operating costs increased to CNY 4,003,039,761.02 from CNY 3,162,464,524.08, representing a rise of approximately 26.4%[26]. - The company reported a financial expense of CNY -25,168,855.51, a significant improvement compared to CNY 2,326,354.78 in the previous period[26]. - The company reported a significant decrease in financial expenses by 1181.9% year-on-year, primarily due to increased foreign exchange gains[12]. Market Outlook - The company expects to continue facing challenges in the market, impacting future performance and profitability[12].