康达新材(002669) - 2023 Q3 - 季度财报

Revenue and Profitability - Revenue for Q3 2023 reached ¥705,360,387.19, an increase of 29.79% year-over-year, while year-to-date revenue totaled ¥1,985,076,547.88, up 21.81%[3] - Net profit attributable to shareholders was a loss of ¥3,752,562.06, representing an 80.34% decline compared to the same period last year, with a year-to-date net profit of ¥32,291,281.82, up 195.66%[3] - The net profit attributable to shareholders was ¥32,291,282, a turnaround from a net loss of ¥33,757,145, reflecting a 195.66% improvement[9] - Basic earnings per share improved to ¥0.107 from a loss of ¥0.131, marking an increase of 181.68%[9] - The net profit for the current period was ¥31,571,352.63, a significant recovery from a net loss of ¥32,029,451.99 in the previous period[24] Cash Flow and Financial Position - The company reported a cash flow from operating activities net amount of -¥78,897,979.96, a decrease of 233.42% year-to-date[3] - Cash flow from operating activities showed a net outflow of ¥78,897,979.96, contrasting with a net inflow of ¥59,136,734.64 in the previous period[25] - The total cash and cash equivalents at the end of the period amounted to 438,366,870.53, down from 801,459,358.94 at the end of the previous year[26] - The net cash flow from financing activities was 716,771,214.92, a decrease from 1,087,703,801.36 in the previous year[26] - The cash outflow from investment activities was 797,633,379.25, up from 662,850,363.09 in the previous year[26] Assets and Liabilities - Total assets increased to ¥6,513,432,978.53, a rise of 22.14% compared to the end of the previous year[3] - Accounts receivable rose to ¥1,622,639,008.95, a 40.63% increase due to higher revenue and acquisitions[6] - The total liabilities rose to CNY 3,312,938,889.01 from CNY 2,189,695,592.94, indicating an increase of about 51.3%[20] - The company's equity attributable to shareholders decreased slightly to CNY 2,984,437,415.86 from CNY 3,001,624,183.70[21] Expenses and Costs - Total operating costs amounted to ¥1,998,276,340.30, up 19.8% from ¥1,668,236,824.91 in the prior period[22] - Management expenses rose by 33.74% to ¥145,587,753 primarily due to consolidation after acquisitions and increased employee stock plan amortization[8] - R&D expenses increased by 36.64% to ¥115,698,191 driven by higher investment in research and consolidation of acquired entities[8] Investments and Acquisitions - The company completed the acquisition of a stake in Dalian Qihua New Materials Co., Ltd., reallocating part of the fundraising for this purpose[13] - The company completed the acquisition of 100% equity in Shanghai Jingcai New Materials Technology Co., Ltd. through its subsidiary, Beijing Kanda Shengjing Technology Co., Ltd.[17] - The company’s goodwill increased by 51.21% to ¥930,050,026.78, primarily due to the acquisition of Jingcai Technology[7] Shareholder Information - As of September 30, 2023, the company repurchased 7,208,000 shares, accounting for 2.36% of total share capital, with a total transaction amount of ¥87,752,657[15] - The company’s major shareholder, Tangshan Financial Holdings, holds 24.99% of shares, with 76,317,421 shares pledged[11] - Other significant shareholders include employees' stock plans and various investment funds, with the top ten shareholders holding a combined significant stake[12] - The company extended the second phase of its employee stock ownership plan by 12 months, now set to expire on December 24, 2024[16] Other Financial Metrics - The company reported non-recurring gains of ¥2,001,366.40 for the current period, down from ¥50,677,718.93 year-to-date[4] - The company recorded investment income of ¥4,946,407.41, compared to ¥2,983,413.87 in the previous period, indicating improved investment performance[22] - Other comprehensive income after tax attributable to the parent company was ¥662,414.73, compared to ¥10,842.76 in the previous period[24] - The total comprehensive income for the current period was ¥32,233,767.36, recovering from a loss of ¥32,018,609.23 in the previous period[24] Corporate Governance - The company established a new "Board Strategy and Sustainable Development Committee" to oversee strategic development and major decisions[17] - The company did not undergo an audit for the third quarter report[27]