联泓新科(003022) - 2023 Q3 - 季度财报

Financial Performance - In Q3 2023, the company achieved operating revenue of CNY 1.73 billion, a decrease of 30.26% year-on-year, and a net profit attributable to shareholders of CNY 78.37 million, down 75.59% year-on-year[4] - For the first three quarters of 2023, the company reported total operating revenue of CNY 4.94 billion and a net profit of CNY 404.37 million, representing a year-on-year decline of 23.08% and 48.01% respectively[3] - The net profit excluding non-recurring gains and losses for Q3 2023 was CNY 56.20 million, down 80.02% year-on-year[4] - Revenue for the first nine months of 2023 decreased by 47.34% year-on-year, totaling CNY 412,355,815.73[8] - Operating profit for the same period fell by 47.42% year-on-year, amounting to CNY 478,675,909.15[8] - Net profit for Q3 2023 was CNY 412,355,815.73, a decline of 47.3% from CNY 783,089,421.43 in Q3 2022[18] - Earnings per share for Q3 2023 was CNY 0.30, compared to CNY 0.58 in the same quarter last year[18] - The total profit for Q3 2023 was CNY 478,993,054.44, down from CNY 907,922,021.40 in Q3 2022[18] Cash Flow and Investments - Cash flow from operating activities for the first three quarters was CNY 356.54 million, down 68.70% year-on-year[4] - Investment cash flow for the first nine months of 2023 was negative CNY 2,157,385,380.19, a 105.38% increase in outflows compared to the previous year[9] - Financing cash flow increased significantly by 2,997.62% year-on-year, reaching CNY 1,827,812,606.30 due to increased bank loans for new projects[9] - The cash inflow from operating activities for the current period is CNY 5,942,305,551.71, a decrease of 18.7% compared to CNY 7,313,025,422.19 in the previous period[19] - The net cash flow from operating activities is CNY 356,539,132.66, down 68.7% from CNY 1,139,144,038.77 in the same period last year[19] - Cash inflow from investment activities is CNY 116,202,070.39, a decrease of 65.4% compared to CNY 336,369,026.65 in the previous period[19] - The net cash flow from investment activities is -CNY 2,157,385,380.19, worsening from -CNY 1,050,445,980.96 in the previous period[19] - Cash inflow from financing activities is CNY 5,988,881,901.85, an increase of 47.8% compared to CNY 4,053,578,930.76 in the previous period[20] - The net cash flow from financing activities is CNY 1,827,812,606.30, significantly up from CNY 59,006,904.10 in the previous period[20] Assets and Liabilities - Total assets as of September 30, 2023, were CNY 16.17 billion, an increase of 15.02% compared to the end of the previous year[4] - The company’s equity attributable to shareholders was CNY 7.08 billion, reflecting a year-on-year increase of 2.11%[4] - Total liabilities reached CNY 8.44 billion, compared to CNY 6.68 billion, indicating a rise of around 26.41%[15] - Current assets rose to CNY 4.24 billion, up from CNY 3.70 billion, marking an increase of about 14.66%[14] - Cash and cash equivalents increased to CNY 2.60 billion from CNY 2.41 billion, reflecting a growth of approximately 7.85%[14] - Short-term borrowings increased significantly to CNY 2.83 billion from CNY 2.01 billion, a growth of approximately 40.93%[15] - The company’s long-term borrowings rose to CNY 2.85 billion from CNY 2.63 billion, an increase of about 8.63%[15] - Non-current assets increased to CNY 11.92 billion from CNY 10.36 billion, representing a growth of approximately 15.06%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 69,423, with the top ten shareholders holding a combined 82.39% of shares[10] - The largest shareholder, Lianhong Group Co., Ltd., holds 51.77% of the company's shares[10] Operational Developments - The company plans to commission multiple production facilities in Q4 2023, including a 90,000 tons/year VA facility, which is expected to significantly reduce EVA product costs[3] - The company plans to establish a joint venture with Huisheng (China) Investment Co., Ltd. to invest in a 300,000 tons/year POE project, enhancing its product offerings in the new energy materials sector[12] Other Financial Metrics - The company reported a significant increase in other non-current assets by 325.94% to CNY 637.77 million, primarily due to increased prepayments for projects[7] - The company reported a significant increase in credit impairment losses, with a year-on-year increase of 172.98%[8] - Research and development expenses were CNY 228,583,692.73, down 9.7% from CNY 253,078,887.85 in the previous year[16] - Other income rose by 115.26% year-on-year, totaling CNY 328,634,603.80, attributed to increased government subsidies[8] - The company reported a decrease in sales expenses to CNY 40,355,132.35, up from CNY 33,016,820.67 year-over-year[16] - The financial expenses increased to CNY 99,891,143.10, compared to CNY 90,814,251.71 in the previous year[16]