富临精工(300432) - 2023 Q3 - 季度财报

Financial Performance - The net profit for the third quarter was -430,792,956.82 CNY, a decrease of 171.82% compared to the previous period, primarily due to the volatility in the lithium battery anode material industry and significant price drops in upstream lithium carbonate, leading to inventory impairment provisions[7] - The company reported a net loss of ¥430,792,956.82, compared to a net profit of ¥599,804,992.91 in the same period last year[29] - The net profit attributable to shareholders of the listed company was -¥79,024,133.16, representing a decline of 132.14% year-on-year[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥110,598,156.05, down 146.40% from the previous year[14] - The total profit for the period was -¥509,628,508.74, compared to a profit of ¥669,462,803.86 in the prior period[29] - The basic earnings per share for the current period is -0.3309, compared to 0.5052 in the previous period[52] Cash Flow and Liquidity - Cash and cash equivalents increased by 128.35% to 1,890,879,129.70 CNY, mainly due to an increase in bank acceptance bill guarantees[6] - The net cash flow from operating activities for the year-to-date was ¥505,156,643.19, an increase of 240.60% compared to the same period last year[14] - The net cash flow from operating activities was $505,156,643.19, a significant improvement compared to a negative cash flow of $-359,294,980.31 in the previous period, indicating a turnaround in operational performance[56] - Total cash inflow from operating activities reached $4,522,970,331.44, up from $3,401,301,890.00, reflecting a growth of approximately 33%[56] - Cash outflow for operating activities was $4,017,813,688.25, compared to $3,760,596,870.31, representing an increase of about 7%[56] Assets and Liabilities - The total assets impairment loss was -623,928,322.48 CNY, a staggering increase of 25,841.72%, mainly due to inventory impairment provisions in the lithium battery anode material sector[7] - The total assets at the end of the reporting period amounted to ¥9,780,434,447.02, reflecting a growth of 17.36% from the end of the previous year[14] - Total liabilities amount to CNY 5,590,736,504.08, compared to CNY 3,503,372,438.07 in the previous period, indicating a significant increase[52] - The company’s total liabilities increased significantly, with accounts payable rising by 184.21% to 1,514,409,169.97 CNY, primarily due to increased payments for equipment and materials[6] Revenue and Operating Costs - The company's operating revenue for the third quarter was ¥1,856,031,630.20, a decrease of 8.37% compared to the same period last year[14] - The total operating revenue for the current period is CNY 4,178,189,526.43, a decrease of 11.5% compared to CNY 4,723,501,779.55 in the previous period[52] - Total operating costs for the period amounted to ¥4,129,390,653.82, slightly up from ¥4,120,272,896.19 in the previous period[29] Government Subsidies and Other Income - The company received government subsidies amounting to ¥10,948,841.17 during the reporting period[14] - The company’s other income decreased by 35.30% to 33,580,696.11 CNY, primarily due to a reduction in government subsidies[7] - The company received government subsidies amounting to ¥31,492,226.41, which are closely related to its normal business operations[37] Shareholder Information - The equity attributable to shareholders of the listed company decreased to ¥4,163,552,070.34, down 13.04% from the previous year-end[14] - The company had a total of 78,397 common shareholders at the end of the reporting period[8] - The total number of restricted shares released during the period was 11,944,185, reducing the total restricted shares to 20,284,461, which represents 0.8163% of the total share capital[21] Financial Management and Governance - The company provided a guarantee for a bank loan application by its subsidiary, with a maximum guarantee amount not exceeding RMB 800 million, to support the construction of lithium iron phosphate project[23] - The company’s board and supervisory board completed their re-election, ensuring continuity in governance[22] - The company completed the second unlock period for the first category of restricted stock under the 2021 stock incentive plan[22] Research and Development - Research and development expenses increased to ¥155,191,744.40 from ¥123,615,369.66, reflecting a growth of approximately 25.6%[29] Investment Activities - The company plans to transfer intangible assets related to electronic water pumps and thermal management systems to its subsidiary for ¥74,950,000, aiming to enhance market competitiveness[46] - The company provided a guarantee for a total loan amount of up to ¥800,000,000 for its subsidiary, indicating ongoing financial support for expansion[45] Financial Reporting - The company’s third-quarter report was not audited, which may affect the reliability of the financial data presented[57]