丰元股份(002805) - 2023 Q3 - 季度财报

Financial Performance - Revenue for Q3 2023 reached ¥875,442,630.92, an increase of 73.80% compared to the same period last year[5] - The company’s operating revenue for Q3 2023 reached ¥2,320,679,218.65, a 91.27% increase compared to ¥1,213,320,721.33 in the same period last year, primarily due to increased sales volume[11] - Total revenue for the third quarter reached CNY 2,320,679,218.65, a significant increase from CNY 1,213,320,721.33 in the same period last year, representing a growth of approximately 91.3%[32] - The company's net profit for the period was a loss of CNY 199,179,665.06, contrasting with a profit of CNY 198,013,794.34 in the prior year[32] - The net profit for Q3 2023 was -173,509,728.69 CNY, compared to a net profit of 150,043,984.93 CNY in the same period last year, indicating a significant decline[33] - The total comprehensive income for the period was -173,509,728.69 CNY, compared to 150,043,984.93 CNY in the previous year[33] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥6,977,250,688.49, reflecting a growth of 40.68% from the end of the previous year[5] - Current assets increased to CNY 3,908,828,320.96 from CNY 2,664,760,157.98, reflecting a growth of approximately 46.6%[29] - Total liabilities rose to CNY 4,102,403,271.38, up from CNY 1,893,100,918.03, marking an increase of about 116.5%[30] - The total equity attributable to shareholders decreased to CNY 2,298,861,915.75 from CNY 2,466,960,348.64, a decline of approximately 6.8%[30] Cash Flow - Cash and cash equivalents decreased by 37.38% to ¥465,819,977.43, primarily due to the use of funds for investment projects[10] - The net cash flow from operating activities was -¥1,271,817,107.34, compared to -¥792,145,249.82 in the previous period, primarily due to changes in settlement methods with customers[11] - The cash and cash equivalents at the end of the period were 149,767,736.18 CNY, a decrease from 1,141,477,590.74 CNY at the end of the previous year[35] - The company reported a total cash inflow from financing activities of 1,571,921,461.45 CNY, down 52.4% from 3,297,064,079.98 CNY in the previous year[35] Expenses - Operating costs rose to ¥2,217,781,176.18, reflecting a 144.41% increase from ¥907,417,712.93, mainly attributed to higher sales volume and increased unit costs[11] - Total operating costs amounted to CNY 2,333,854,016.23, compared to CNY 1,011,466,101.04 in the previous year, indicating a rise of about 130.5%[32] - Financial expenses increased by 47.47% to ¥44,894,319.22 from ¥30,443,714.47, mainly due to increased financing interest expenses[11] - Research and development expenses decreased by 38.53% to ¥17,062,547.89 from ¥27,758,391.32, indicating that R&D projects are progressing as planned[11] - Research and development expenses for the quarter were CNY 17,062,547.89, down from CNY 27,758,391.32, indicating a reduction of about 38.5%[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,139, with the largest shareholder holding 30.21% of the shares[13] - The company’s shareholding in Anhui Fengyuan will decrease from 82.64% to 71.44% after the capital increase, while Anhui Fengyuan remains a controlled subsidiary[26] Investments and Agreements - The company signed an investment cooperation agreement with the Taierzhuang District People's Government for a project to produce 50,000 tons of lithium-ion battery high-energy cathode materials, with a total investment not exceeding ¥1 billion[15][16] - The company plans to increase the registered capital of its subsidiary, Anhui Fengyuan Lithium Energy Technology Co., Ltd., from RMB 864 million to RMB 999.5 million through a capital increase of RMB 150 million from a new investor[26] - The company terminated its investment in Qinghai Juzhiyuan New Materials Co., Ltd. due to the failure to return a deposit of RMB 71,602,222 within the stipulated timeframe[21] - The company initiated legal proceedings against Liu Bingsheng and Qinghai Juzhiyuan for the recovery of the unpaid deposit[21] - The company held its fourth extraordinary general meeting in 2023 to discuss various resolutions, including the termination of the investment project[22] Corporate Governance - The company completed the election of its sixth board of directors and supervisory board, with key appointments including Deng Yan as General Manager and Pang Lin as Chief Financial Officer[23] - The company has signed a repurchase agreement related to the capital increase of Anhui Fengyuan, committing to fulfill repurchase obligations[26] Miscellaneous - The company has not disclosed any new product developments or market expansion strategies in the report[36] - The report was not audited, indicating that the figures presented are subject to further verification[36]