KFMI(SZ:300666)2023-10-22 16:00Revenue and Profit - Revenue for Q3 2023 reached ¥654,357,116.68, an increase of 9.19% compared to the same period last year[4] - Net profit attributable to shareholders was ¥40,141,332.36, a decrease of 40.53% year-on-year[4] - Net profit excluding non-recurring items was ¥42,279,052.77, down 41.41% from the previous year[4] - The company’s basic earnings per share decreased by 48.28% to ¥0.15[4] - The net profit for Q3 2023 was approximately RMB 172.94 million, a decrease of 17.2% compared to RMB 208.89 million in the same period last year[48] - The total comprehensive income for the period was 173,483,441.15 yuan, compared to 211,667,035.60 yuan in the previous period, reflecting a decrease[49] - The total revenue attributable to the parent company was 193,671,364.52 yuan, down from 224,650,314.88 yuan in the previous period[49] Cash Flow and Investments - Cash flow from operating activities showed a significant increase of 1,044.72%, totaling ¥249,383,370.84[4] - The net cash flow from operating activities increased significantly to ¥249,383,370.84, a 1044.72% increase compared to the same period last year, primarily due to reduced cash payments for inventory as products gradually achieved sales[26] - Investment cash payments rose to ¥220,562,985.70, marking a 114.98% increase year-on-year, mainly due to increased external investments during the reporting period[26] - The net cash flow from financing activities decreased to ¥314,224,435.93, an 85.85% decline compared to the previous year, largely due to the completion of stock grants and employee stock options in the prior year[26] - Net cash flow from investing activities was -¥773,545,861.02, compared to -¥700,963,196.03 in Q3 2022, indicating increased investment outflows[78] Assets and Liabilities - The total assets of Ningbo Jiangfeng Electronic Materials Co., Ltd. at the end of the reporting period amounted to ¥5,683,632,065.61, representing an increase of 11.49% compared to the end of the previous year[21] - The total liabilities as of September 30, 2023, were approximately RMB 1.52 billion, an increase of 36.7% from RMB 1.11 billion at the beginning of the year[44] - The company's total liabilities decreased to ¥1,519,590,357.08 from ¥1,111,247,109.04, indicating a reduction of 36.56% year-over-year[70] - Non-current assets totaled ¥2,828,123,479.01, an increase from ¥2,172,942,136.74 in the previous year, reflecting a growth of 30.19%[70] Shareholder Equity and Stock - The equity attributable to shareholders of the listed company reached ¥4,202,041,739.13, reflecting a growth of 4.87% from the previous year-end[21] - The company's total equity attributable to shareholders rose to ¥4,202,041,739.13, compared to ¥4,007,031,433.92 in Q3 2022, marking an increase of 4.86%[70] - The company completed the registration of 3,106,000 restricted stocks under the second phase of the equity incentive plan, with 146,550 shares released for circulation on April 24, 2023[21] - The company repurchased and canceled 175,000 shares of restricted stock from 13 departing incentive targets during the reporting period[21] - The company plans to use its own funds to repurchase shares for an employee stock ownership plan or equity incentive, with a total repurchase amount not less than RMB 50 million and not exceeding RMB 80 million, at a price not exceeding RMB 85 per share[63] Operational Performance - Total operating revenue for Q3 2023 reached ¥1,851,772,408.94, an increase of 9.83% compared to ¥1,685,910,611.04 in Q3 2022[70] - Total operating costs for Q3 2023 were ¥1,631,400,543.82, up from ¥1,454,083,554.79 in the same period last year, reflecting a year-over-year increase of 12.19%[70] - The precision components business achieved revenue of RMB 168 million in Q3 2023, representing a quarter-on-quarter growth of 39.87%[39] Research and Development - Research and development expenses for the year-to-date reached approximately RMB 115.91 million, an increase of 37.1% from RMB 84.56 million in the previous year[48] Tax and Government Subsidies - The company reported a government subsidy of ¥9,307,137.09 for the current period, totaling ¥25,061,920.97 from the beginning of the year to the end of the reporting period[21] - The company received tax refunds of ¥51,121,483.39, a decrease of 40.41% from the previous year, mainly due to reduced export tax rebates during the reporting period[26] - The company paid taxes amounting to ¥73,710,206.08, reflecting a 45.41% increase compared to the same period last year, primarily due to higher tax payments during the reporting period[26] Stock Options and Executive Holdings - The company’s executives have exercised stock options, with Qian Hongbing acquiring 12,000 shares in 2020 and 9,000 shares in 2022, while Yu Yongqun acquired 40,000 shares in 2020 and 20,000 shares in 2022[60] - The company’s stock options for Jiang Yunxia included 40,000 shares in 2020, 30,000 shares in 2021, and 30,000 shares in 2022, with an additional 50,000 shares granted in June 2022[60] - The company has pledged a total of 3,680,000 shares as of the end of the reporting period[53]