天际股份(002759) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥579,187,381.64, representing a decrease of 25.25% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥2,763,617.28, down 93.13% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥4,808,656.71, a decrease of 88.18%[5]. - The company's operating revenue for Q3 2023 was ¥1,646,668,040.10, a decrease of 31.39% compared to ¥2,400,084,358.87 in the same period last year, primarily due to a drop in lithium hexafluorophosphate market prices[10]. - The net profit for Q3 2023 was ¥37,861,727.22, a significant decrease from ¥540,235,336.41 in Q3 2022, representing a decline of approximately 93%[24]. - The total comprehensive income for the quarter was ¥37,861,727.22, compared to ¥540,235,336.41 in Q3 2022, marking a decline of around 93%[25]. - The basic earnings per share for Q3 2023 was ¥0.01, a decrease of 90.01% compared to the same period last year[5]. - The company reported a basic earnings per share of ¥0.06, a significant drop from ¥1.35 in the same quarter last year[25]. Cash Flow and Liquidity - The company reported a significant decline in cash flow from operating activities, with a net outflow of ¥57,339,020.07, down 105.55% year-to-date[5]. - The net cash flow from operating activities was -¥57,339,020.07, a decline of 105.55% compared to ¥1,033,061,721.85 in the previous period, attributed to decreased sales revenue and reduced collections[11]. - The company reported a net increase in cash and cash equivalents of ¥204,260,341.85, a significant increase of 1055.02% compared to -¥21,388,052.87 in the previous period, mainly due to increased recovery of bank acceptance bill guarantees[11]. - Cash and cash equivalents at the end of the period increased to ¥501,947,134.21 from ¥353,098,140.72, showing a net increase of approximately 42%[27]. - The net cash flow from financing activities was ¥568,178,579.73, a turnaround from a net outflow of ¥658,227,856.08 in Q3 2022[27]. - The company experienced a significant increase in cash flow from other financing activities, totaling ¥894,081,727.82, compared to ¥389,166,276.67 in the previous year[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,531,269,017.39, an increase of 5.04% from the end of the previous year[5]. - Total liabilities increased to ¥2,262,548,197.28 from ¥2,075,293,348.91, marking an increase of about 9.0%[21]. - The company's total equity rose to ¥4,268,720,820.11 from ¥4,142,800,048.32, indicating an increase of approximately 3.0%[21]. - Short-term borrowings rose by 66.25% to ¥295,001,470.28, reflecting the company's need for working capital[9]. - The company reported a 2733.50% increase in current portion of non-current liabilities, amounting to ¥56,670,000.00, due to the increase in long-term bank borrowings[9]. - The company has seen a 548.90% increase in long-term borrowings, reaching ¥233,280,000.00, primarily for infrastructure projects and acquisitions[9]. Operational Metrics - The total operating costs for Q3 2023 were ¥1,592,235,807.99, down from ¥1,750,390,350.96, reflecting a reduction of about 9.0%[23]. - The company's inventory decreased to ¥370,229,675.90 from ¥431,172,279.17, a decline of approximately 14.2%[20]. - The company experienced a net loss from investments of ¥4,980,288.12 compared to a gain of ¥2,282,976.53 in the previous year[23]. - The production capacity of lithium hexafluorophosphate at the subsidiary Jiangsu Xintai Material Technology Co., Ltd. has been increased from 8,160 tons to 12,000 tons following successful technological upgrades[17]. Research and Development - R&D expenses decreased by 59.70% to ¥44,263,534.54 from ¥109,848,358.41, mainly due to reduced investment in research and development[10]. - Research and development expenses decreased significantly to ¥44,263,534.54 from ¥109,848,358.41, a reduction of approximately 59.8%[23]. Other Income and Expenses - Other income increased by 220.54% to ¥1,964,335.46, primarily due to an increase in government subsidies received[10]. - The company’s financial expenses showed a significant increase of 196.86%, with interest income rising to -¥5,008,201.54 from ¥5,170,695.04 in the previous period[10]. - The company’s income tax expense decreased by 80.31% to ¥19,885,535.80 from ¥101,007,658.47, primarily due to a decline in revenue and profits[10]. Shareholder Equity - The company’s minority shareholder equity increased to ¥494,586,876.78 from ¥332,142,178.56, mainly due to increased investments from minority shareholders in its subsidiary[10]. - The company raised ¥150,000,000.00 from minority shareholders during the quarter, compared to ¥176,902,000.00 in the same period last year[27].