THXN(SZ:300390)2023-10-23 16:00Financial Performance - The company's revenue for Q3 2023 was ¥2,268,885,111.55, a decrease of 52.71% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2023 was ¥447,149,713.31, down 72.79% year-over-year[3]. - The basic earnings per share for Q3 2023 was ¥0.53, reflecting an 81.00% decline compared to the previous year[3]. - Total revenue for Q3 2023 was CNY 8,910,441,366.29, a decrease of 29.4% compared to CNY 12,573,175,896.27 in the same period last year[20]. - The company reported a net profit of CNY 2,731,515,208.28 for the current period, compared to CNY 8,122,437,883.79 in the previous year, indicating a significant drop in profitability[20]. - The total profit for Q3 2023 is approximately ¥2.73 billion, a decrease from ¥8.12 billion in the same period last year, reflecting a decline of about 66.4%[21]. - The net profit for Q3 2023 is approximately ¥2.35 billion, down from ¥6.90 billion year-over-year, representing a decrease of about 66.0%[21]. - The total comprehensive income for Q3 2023 is approximately ¥2.29 billion, compared to ¥6.99 billion in the same period last year, reflecting a decrease of about 67.3%[21]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥19,754,555,979.58, a decrease of 2.53% from the end of the previous year[4]. - The total liabilities decreased to CNY 4,573,327,445.98 from CNY 6,194,944,388.21, a reduction of 26.2%[19]. - The company's total liabilities decreased by 56.71% in short-term borrowings, amounting to ¥1,418,724,194.44[9]. - Current assets decreased to CNY 12,053,704,675.47 from CNY 14,356,354,441.05, reflecting a decline of 16.0%[18]. - The company's cash and cash equivalents stood at CNY 8,127,452,050.83, down from CNY 8,505,612,949.01 at the beginning of the year[17]. - Cash and cash equivalents at the end of Q3 2023 amount to approximately ¥8.04 billion, a decrease from ¥5.06 billion at the end of the previous year[24]. Operating Activities - The company's cash flow from operating activities for the year-to-date was ¥3,649,275,531.42, down 43.51% year-over-year[3]. - The net cash flow from operating activities for the current period is approximately ¥3.65 billion, compared to ¥6.46 billion in the previous year, indicating a decline of about 43.9%[23]. Costs and Expenses - Operating costs for Q3 2023 increased by 57.66% to ¥6,254,678,079.69, primarily due to higher raw material costs[10]. - R&D expenses increased to ¥66,183,261.40, up 59.19% compared to the previous period due to increased investment in research and development[11]. - Financial expenses decreased significantly to -¥127,492,519.89, a reduction of 2512.56%, primarily due to increased bank interest income and reduced interest expenses[11]. - Credit impairment losses increased to ¥34,419,459.49, a 208.52% rise, attributed to a decrease in accounts receivable and reduced bad debt provisions[11]. - The company reported a significant decrease in income tax expenses to ¥384,705,755.82, down 68.57%, correlating with a reduction in total profit[11]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 79,608, with the top ten shareholders holding significant stakes[12]. - The largest shareholder, Pei Zhenhua, holds 23.50% of the shares, amounting to 196,835,843 shares[12]. Future Plans - The company plans to invest ¥5 billion in a new lithium battery material production line in the Ganmei Industrial Park, with the project expected to enhance production capacity[16]. - The company plans to focus on market expansion and new product development in the upcoming quarters[20]. Other Information - The company completed a share buyback of 2,091,709 shares, equivalent to 0.32% of the total share capital, with an investment of ¥129,982,479.30[16]. - The cash inflow from investment activities for Q3 2023 is approximately ¥526.43 million, significantly higher than ¥92.46 million in the previous year, an increase of about 469.5%[24]. - The cash outflow from financing activities for Q3 2023 is approximately ¥4.71 billion, compared to ¥3.39 billion in the same period last year, an increase of about 39.0%[24]. - The company has not undergone an audit for the Q3 2023 report[25]. - The company has adopted new accounting standards starting from 2023, affecting the financial statements[25].