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银禧科技(300221) - 2023 Q3 - 季度财报
SILVERSILVER(SZ:300221)2023-10-23 16:00

Financial Performance - The company's revenue for Q3 2023 was CNY 445,638,418.49, a decrease of 0.51% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 10,410,840.28, an increase of 153.28% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 20,963,886.06, up 570.32% from the previous year[5]. - The gross profit margin for the first nine months of 2023 was 17.25%, an increase of 2.00 percentage points compared to the same period last year[9]. - The total operating revenue for the period was CNY 1,207,263,275.21, a decrease of 13.7% compared to CNY 1,398,428,616.16 in the previous period[33]. - Net profit for the period reached CNY 27,462,593.01, compared to a net loss of CNY 6,385,183.95 in the same period last year[35]. - Earnings per share (EPS) for the period was CNY 0.0592, a recovery from a loss of CNY 0.0194 in the previous period[36]. - The company reported a total comprehensive income of CNY 28,298,305.80, compared to a loss of CNY 2,564,303.09 in the previous year[36]. Cash Flow and Assets - The company reported a significant decrease in cash flow from operating activities, with a net cash flow of CNY 77,358,874.20, down 78.16% year-to-date[5]. - The net cash flow from operating activities for the first nine months of 2023 decreased by 78.16% to ¥77,358,874.20 compared to ¥354,241,666.95 in the same period last year[13]. - The cash and cash equivalents increased by 131.70% to ¥10,985,640.26, influenced by the net cash flow from operating, investing, and financing activities[13]. - The company's cash inflow from operating activities totaled CNY 1,108,831,724.82, down from CNY 1,716,687,003.16 in the prior period[37]. - The net cash flow from investment activities was -42,726,169.70 CNY, compared to -274,411,915.32 CNY in the previous year[38]. - The net cash flow from financing activities was -24,079,881.77 CNY, compared to -116,214,860.09 CNY in the same period last year[38]. - The cash paid for debt repayment was 158,705,493.12 CNY, compared to 257,168,985.50 CNY in the previous year[38]. - The cash flow from operating activities generated a net inflow of CNY 77,358,874.20, significantly lower than CNY 354,241,666.95 in the prior period[37]. Investments and Expenses - Investment income increased by 95.06% to ¥3,797,281.52, primarily due to profits from the joint venture Ruixin Investment[12]. - The company's management expenses decreased by 35.58% to ¥81,198,824.60, mainly due to a reduction in equity incentive expenses[12]. - The financial expenses turned positive with a decrease of 103.91%, resulting in a net income of -¥122,759.64, attributed to increased interest income from large bank deposits[12]. - The deferred income increased by 173.17% to ¥788,740.62, reflecting government subsidies received during the first nine months of 2023[12]. - The company reported a significant loss from asset disposal of ¥2,949,630.97, a 1427.99% increase compared to the previous year, mainly from the subsidiary Yinxin Congo Cobalt's asset disposal[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,139[14]. - The total number of restricted shares at the beginning of 2023 was 27,556,557, with 7,500,609 shares released during the period and 2,029,825 shares added, resulting in 22,085,773 restricted shares at the end of the period[18]. - The company’s executives are subject to a 25% limit on the transfer of shares through centralized bidding, block trading, and agreement transfers[18]. - The company has a stock incentive plan with restricted shares set to be released in 2023, 2024, 2025, and 2026, contingent upon meeting certain conditions[18]. - The company’s stock incentive plan includes a total of 7,634,963 shares under other restricted shareholders, with 2,665,479 shares released during the period[18]. Corporate Governance - The sixth board of directors was elected, including three non-independent directors and three independent directors, with Tan Wenzhao, Zhou Juan, and Lin Dencan as non-independent directors[20]. - The sixth supervisory board was elected, consisting of one non-employee representative supervisor and two employee representative supervisors[22]. - The company held its first employee representative meeting on July 21, 2023, to elect employee representative directors and supervisors[20]. - The company completed the second unlock period for 6.478 million shares of restricted stock under the 2021 incentive plan, benefiting 64 eligible participants[24]. - The company will repurchase and cancel 135,000 shares of restricted stock due to two participants losing eligibility after leaving the company[25]. Future Plans and Projects - The company plans to relocate its Suzhou facility to the Anhui production base, incurring a severance cost of CNY 9,500,000[10]. - The total investment for the Suzhou Yinxin Innovation Industry Park project is expected to reach 1.1 billion yuan, covering an area of approximately 270,000 square meters[26]. - The subsidiary Zhongshan Kangnuo New Materials Co., Ltd. approved a cash dividend of 8 million yuan from undistributed profits as of June 30, 2023[27]. - The company received dividends and returned capital from its 30% stake in Zhangshu Ruixin Investment Management Center, and approved the liquidation and cancellation of Ruixin Investment[28]. Asset and Liability Overview - Total assets at the end of Q3 2023 were CNY 1,798,782,302.27, reflecting a 1.47% increase from the end of the previous year[5]. - Current liabilities decreased from approximately 477.4 million yuan to 431.9 million yuan during the same period[31]. - Short-term borrowings increased from approximately 56 million yuan to 67 million yuan[31]. - Non-current assets rose from approximately 554 million yuan to 709.5 million yuan[31]. - Total liabilities decreased from approximately 502.5 million yuan to 471.4 million yuan[31]. - The company's total equity attributable to shareholders increased to CNY 1,303,606,498.09 from CNY 1,246,679,295.56 in the previous period[32].