温州宏丰(300283) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached ¥812,501,648.84, representing a 55.17% increase compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥10,408,427.37, a decrease of 420.38% year-on-year[5] - The net profit excluding non-recurring gains and losses was a loss of ¥16,038,607.35, a decline of 4,820.72% compared to the previous year[5] - Revenue for the first nine months of 2023 reached ¥2,202,705,643.80, a 40.96% increase compared to ¥1,562,628,405.57 in the same period of 2022, driven by higher sales of copper foil and composite materials[13] - Operating costs increased to ¥2,029,583,942.54, reflecting a 45.64% rise from ¥1,393,592,446.45, in line with the increase in revenue[13] - Net profit attributable to shareholders reached ¥46,628,361.33, a significant increase of 180.21% compared to ¥16,640,725.97 in the previous year, largely due to gains from the disposal of subsidiary equity[13] - Operating profit for the period was CNY 57,097,405.67, up from CNY 14,829,463.89, reflecting a growth of 284.5%[25] - Net profit attributable to shareholders of the parent company was CNY 46,628,361.33, compared to CNY 16,640,725.97, marking an increase of 180.5%[25] - The total comprehensive income for the period was CNY 45,856,582.97, compared to CNY 17,407,065.56, indicating an increase of 163.5%[25] Cash Flow - Cash flow from operating activities showed a net outflow of ¥77,347,961.55, which is a 39.38% increase in outflow compared to the previous year[5] - Net cash flow from operating activities increased by 39.38% to ¥50,239,637.42, driven by a rise in cash received from sales[15] - Investment activities generated a net cash flow of -¥49,323,968.85, an improvement of 45.81% compared to -¥91,014,437.01 in the previous year, mainly due to increased cash from the disposal of subsidiaries[15] - Financing activities saw a net cash flow decrease of 24.05% to ¥160,534,922.58, attributed to a significant reduction in cash received from borrowings[15] - The net cash flow from operating activities for Q3 2023 was -77,347,961.55 CNY, compared to -127,587,598.97 CNY in Q3 2022, indicating an improvement[27] - Total cash inflow from financing activities was 913,938,061.00 CNY, while cash outflow was 753,403,138.42 CNY, resulting in a net cash flow of 160,534,922.58 CNY for Q3 2023[28] - Cash inflow from investment activities was 160,019,085.44 CNY, while cash outflow was 209,343,054.29 CNY, leading to a net cash flow of -49,323,968.85 CNY for Q3 2023[27] - The company’s total cash flow from operating activities showed a decrease in net outflow, reflecting improved operational efficiency[27] Assets and Liabilities - The total assets as of September 30, 2023, amounted to ¥2,725,550,959.96, reflecting a 10.53% increase from the end of the previous year[5] - Total assets as of September 30, 2023, reached CNY 2,725,550,959.96, an increase from CNY 2,465,831,913.43 at the beginning of the year[20] - Current assets totaled CNY 1,380,678,842.99, up from CNY 1,305,086,691.57 at the start of the year, indicating a growth of approximately 5.8%[20] - Total liabilities amounted to CNY 1,651,968,673.76, compared to CNY 1,475,536,127.42 at the beginning of the year, representing an increase of about 11.9%[21] - Non-current assets totaled CNY 1,344,872,116.97, an increase from CNY 1,160,745,221.86, reflecting a growth of approximately 15.8%[21] - Long-term borrowings increased to CNY 364,405,995.33 from CNY 298,064,338.76, marking a rise of about 22.2%[21] Expenses - Research and development expenses rose by 44.66% to ¥69,966,762.10 from ¥48,366,158.93, primarily due to increased investment in new subsidiaries[13] - The company reported an increase in management expenses by 33.04% to ¥69,935,105.24, mainly due to higher travel, depreciation, and salary costs[13] - Other income rose by 37.02% to ¥7,081,599.89, primarily from increased government subsidies recognized during the reporting period[13] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies and products to sustain growth[16]