川恒股份(002895) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥1,191,654,028.46, representing a year-on-year increase of 37.13% compared to ¥869,027,235.83 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥218,189,919.81, a decrease of 0.48% from ¥219,246,279.59 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥216,135,774.23, down 10.52% from ¥241,545,049.21 in the same period last year[21]. - Comprehensive income attributable to the parent company was ¥491,429,246.30, down from ¥590,239,768.95, showing a decrease of approximately 17%[38]. - Basic earnings per share for the period were ¥0.9888, compared to ¥1.1995 in the previous period, indicating a decline of about 17.5%[38]. - The net profit for the current period is approximately 507.53 million, a decrease from 612.15 million in the previous period, representing a decline of about 17.1%[54]. - Operating profit stands at approximately 635.37 million, down from 758.86 million, indicating a decrease of around 16.2%[54]. - The total profit for the period is approximately 630.84 million, down from 741.17 million, which is a decrease of about 14.9%[54]. Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date was ¥384,710,462.11, an increase of 116.34% compared to ¥177,830,067.75 in the previous year[21]. - Net cash flow from operating activities increased by 116.34% year-on-year, mainly due to increased revenue and cash received from sales[24]. - The total cash outflow from investing activities was CNY 901,797,104.66, a decrease of 43.4% from CNY 1,594,203,925.92 in the previous period[40]. - The net cash flow from financing activities was CNY 582,159,793.57, a decrease of 65.8% compared to CNY 1,704,871,843.77 in the previous period[40]. - The total cash and cash equivalents at the end of the period amounted to CNY 1,610,727,139.73, down from CNY 1,783,292,611.04 at the end of the previous period[40]. - The company’s cash and cash equivalents increased by CNY 121,225,625.60 during the reporting period[40]. - The company's total current assets as of September 30, 2023, were CNY 1,647,502,201.51, an increase from CNY 1,520,725,792.25 at the beginning of the year[49]. Liabilities and Equity - Total liabilities increased to ¥5,909,834,796.28 from ¥5,187,998,507.62, marking an increase of approximately 14%[35]. - Total equity rose to ¥5,242,746,285.75, up from ¥4,962,704,640.38, reflecting an increase of around 5.6%[35]. - Long-term borrowings increased to ¥1,982,922,792.82 from ¥1,535,708,751.89, representing a growth of approximately 29%[35]. - Short-term borrowings rose by 43.50%, mainly due to new bank loans required for production and operations[9]. - Short-term borrowings increased to approximately CNY 1.02 billion from CNY 709.71 million in the previous year[33]. Operational Costs and Expenses - The company's gross profit margin decreased, with operating costs rising by 44.19% due to increased sales of ammonium phosphate and iron phosphate[12]. - Total operating costs amounted to ¥2,424,588,415.11, up from ¥1,694,619,932.96, indicating an increase of around 43%[35]. - Financial expenses rose by 111.72% year-on-year, mainly due to increased bank loans and interest expenses[27]. - Research and development expenses increased to approximately 65.92 million, compared to 52.55 million, reflecting a rise of about 25.5%[54]. - The company reported a significant increase in credit impairment losses, which rose by 581.72% due to the increase in accounts receivable[12]. - The company reported a decrease in other comprehensive income, with a total of -¥90,084.63 compared to ¥465,059.15 in the previous period[38]. - The company reported a decrease in investment income, with losses of approximately 7.99 million compared to losses of 9.45 million in the previous period, showing an improvement[54]. - The tax expenses for the current period are approximately 123.32 million, slightly down from 129.01 million, a decrease of about 4.1%[54]. Investments and Future Plans - The company plans to acquire a 49% stake in Guizhou Hengda Mining Holdings Co., Ltd., with the share transfer agreement already signed[31]. - The company plans to complete the "Fengquan City New Type Mineralization Integrated Phosphate Resource Deep Processing Project" by August 2024[48]. - Xinwangda Electronics Co., Ltd. invested CNY 365 million in the company’s wholly-owned subsidiary, increasing its equity stake to 18.35%[47]. Accounting and Reporting - The company has implemented new accounting standards starting January 1, 2023, affecting deferred tax assets and liabilities[59]. - The third quarter report has not been audited, indicating that the figures are preliminary and subject to change[60].