开尔新材(300234) - 2023 Q3 - 季度财报

Financial Performance - Revenue for Q3 2023 was CNY 102,922,305.41, a decrease of 43.64% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 8,432,399.44, down 32.71% year-on-year[4] - Net profit excluding non-recurring items was CNY 7,132,541.38, a decline of 37.36% compared to the previous year[4] - Operating revenue decreased by 27.60% to 32,357.51 million from 44,690.07 million[12] - Operating profit increased by 18.59% to 4,160.98 million from 3,508.77 million[12] - Net profit rose by 2.37% to 3,621.43 million from 3,537.71 million[12] - Total operating revenue for Q3 2023 was ¥323,575,051.47, a decrease of 27.6% compared to ¥446,900,724.81 in the same period last year[27] - Total operating costs for Q3 2023 were ¥304,202,769.13, down 26.7% from ¥414,742,723.49 year-over-year[27] - Net profit for Q3 2023 reached ¥36,214,295.59, representing a slight increase of 2.4% from ¥35,377,093.15 in Q3 2022[28] - Earnings per share for Q3 2023 were ¥0.0722, compared to ¥0.0691 in the same quarter last year, reflecting a growth of 4.8%[29] Cash Flow - Cash flow from operating activities for the year-to-date reached CNY 84,940,550.67, an increase of 301.94%[4] - Cash flow from operating activities increased by 301.94% to 8,494.06 million from -4,206.26 million[13] - Cash flow from investing activities improved by 231.91% to 1,829.24 million from -1,386.74 million[13] - Cash flow from financing activities decreased by 62.40% to 1,299.01 million from 3,455.20 million[13] - Net cash flow from operating activities for Q3 2023 was CNY 84,940,550.67, a significant improvement compared to a net outflow of CNY 42,062,583.18 in Q3 2022[32] - Total cash and cash equivalents at the end of Q3 2023 reached CNY 277,885,434.75, up from CNY 63,155,619.16 at the end of Q3 2022[32] - Net cash flow from investing activities was CNY 18,292,366.62 in Q3 2023, recovering from a net outflow of CNY 13,867,426.57 in the same period last year[32] - Cash inflow from financing activities totaled CNY 98,600,000.00 in Q3 2023, down from CNY 153,018,457.59 in Q3 2022[32] - The company reported a net increase in cash and cash equivalents of CNY 117,059,905.54 for Q3 2023, contrasting with a decrease of CNY 18,391,349.66 in Q3 2022[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,506,611,142.96, up 2.82% from the end of the previous year[5] - The company's total assets amounted to RMB 1,506,611,142.96, an increase from RMB 1,465,258,084.62 at the beginning of the year[24] - The company's current assets totaled RMB 1,085,102,346.82 as of September 30, 2023, compared to RMB 1,044,540,487.66 at the beginning of the year, reflecting a growth of approximately 3.9%[24] - The total liabilities decreased to ¥390,053,723.46 from ¥404,852,414.21, indicating a reduction of 3.6%[25] - The company's short-term borrowings rose to RMB 84,149,236.12 as of September 30, 2023, compared to RMB 61,839,222.22 at the beginning of the year, indicating a 36.0% increase[24] Shareholder Information - Shareholders' equity increased to CNY 1,109,112,455.39, reflecting a growth of 5.35%[5] - The number of ordinary shareholders at the end of the reporting period was 30,105[15] - The largest shareholder, Xing Hanxue, holds 22.23% of the shares, totaling 112,787,412 shares[15] - The company plans to distribute cash dividends of RMB 0.59 per 10 shares, totaling RMB 29,687,094.31, based on a share capital of 503,171,090 shares after deducting repurchased shares[21] Inventory and Receivables - Inventory rose by 31.58% to CNY 24,995.57 million, attributed to performance projects not meeting revenue recognition criteria[10] - The company’s inventory increased to RMB 249,955,715.07 as of September 30, 2023, compared to RMB 189,957,580.40 at the beginning of the year, representing a growth of approximately 31.6%[24] - The company’s accounts receivable decreased to RMB 282,227,889.44 as of September 30, 2023, down from RMB 357,609,197.98 at the beginning of the year, reflecting a decline of approximately 21.0%[24] Future Plans and Investments - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[4] - The company received a transaction price of RMB 90 million for the sale of a 12.71% stake in Jiangxi Xiangsheng Environmental Technology Co., Ltd., with an outstanding payment of RMB 87 million remaining[17] - The company repurchased a total of 12,172,700 shares during the first repurchase plan and 4,280,296 shares during the second repurchase plan, intended for employee incentives[18] - The company plans to cancel 4,280,296 shares from the second repurchase plan, pending approval from the upcoming extraordinary general meeting[20] Accounting and Standards - The company executed new accounting standards starting January 1, 2023, impacting deferred tax assets by CNY 226,194.96 and retained earnings by CNY 103,770.17[34] - The company did not undergo an audit for the Q3 2023 report[36]