Enpack(SZ:002846)2023-10-25 16:00Financial Performance - The company's revenue for Q3 2023 was ¥428,601,472.77, a decrease of 13.21% compared to ¥493,815,081.90 in the same period last year[6] - Net profit attributable to shareholders was ¥675,187.79, a significant increase of 107.32% from a loss of ¥9,224,940.04 in the previous year[6] - The net profit after deducting non-recurring gains and losses was -¥3,584,703.01, improving by 65.79% from -¥10,479,201.34 year-on-year[6] - Total operating revenue for the current period is CNY 1,321,157,449.61, a decrease of 8.3% compared to CNY 1,441,019,558.73 in the previous period[31] - Net profit for the current period is CNY 2,880,689.81, compared to a net loss of CNY 9,323,756.83 in the previous period, indicating a significant turnaround[32] - Basic earnings per share for the current period is CNY 0.0118, compared to a loss of CNY 0.025 in the previous period[32] Assets and Liabilities - The company's total assets increased by 7.82% to ¥2,940,043,925.21 from ¥2,726,408,335.91 at the end of the previous year[6] - As of September 30, 2023, total assets reached approximately 2.94 billion CNY, an increase from 2.73 billion CNY at the beginning of the year[25] - Total liabilities decreased to approximately 1.49 billion CNY from 1.93 billion CNY at the beginning of the year, with current liabilities also declining to 1.17 billion CNY from 1.43 billion CNY[27] - The company's equity attributable to shareholders increased to approximately 1.43 billion CNY from 791.40 million CNY at the beginning of the year[27] Cash Flow - Cash flow from operating activities for the year-to-date was ¥56,705,882.12, a decrease of 9.28% compared to ¥62,509,492.58 in the previous year[6] - Cash flow from financing activities increased by 90.59% to RMB 327,432,920.83, primarily due to funds received from a private placement[13] - Net increase in cash and cash equivalents was RMB 48,594,464.10, reflecting a 90.18% increase due to inflows from the private placement[13] - Cash inflow from financing activities totaled CNY 1,432,735,042.62, compared to CNY 670,169,710.51 in the previous period, representing an increase of approximately 113%[35] - The ending balance of cash and cash equivalents reached CNY 100,105,604.00, compared to CNY 58,802,721.88 at the end of the previous period, reflecting an increase of approximately 70%[35] Investments and Expenditures - The company has increased its R&D investment, reflected in the development expenditure of ¥5,522,278.75 for the period[11] - Research and development expenses decreased to CNY 48,598,127.83 from CNY 65,143,452.71, a reduction of 25.4%[31] - Investment properties surged by 639.22% to ¥76,251,420.19 as the company reclassified certain rental properties[11] Changes in Equity - The equity attributable to shareholders rose by 81.02% to ¥1,432,603,897.70 from ¥791,403,153.88 at the end of the previous year[6] - The capital reserve surged by 365.60% to RMB 735,380,700.73, mainly from the premium from the private placement and convertible bond conversion[13] Other Financial Metrics - Other income rose by 118.45% to RMB 13,280,846.63, primarily due to increased government subsidies received[13] - The company reported a 56.01% decrease in income tax expenses to RMB -6,388,124.17, mainly due to a reduction in deferred tax expenses[13] Accounting Changes - Deferred tax assets increased by CNY 505,755.27, while deferred tax liabilities also increased by the same amount, indicating adjustments due to new accounting standards[37] - The company has adopted new accounting standards effective January 1, 2023, impacting the reporting of deferred tax assets and liabilities[36] Strategic Developments - Jiangsu Yinglian signed a strategic cooperation agreement with ULVAC to purchase 10 composite aluminum foil production lines, aiming to enhance the composite current collector market[22] Other Notable Events - The company redeemed "Yinglian Convertible Bonds" in August 2023, resulting in a 100% decrease in payable bonds[13] - The company completed the issuance of 83,472,454 A-shares at a price of 5.99 CNY per share, raising a total of approximately 500 million CNY, with a net amount of 495,223,138.66 CNY after deducting issuance costs[20] - The third quarter report was not audited, which may affect the reliability of the financial data presented[38]