兆丰股份(300695) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached ¥231,633,769.63, representing a 106.83% increase compared to the same period last year[5] - Net profit attributable to shareholders was ¥52,192,165.68, an increase of 88.65% year-on-year[5] - The basic earnings per share for the period was ¥0.74, reflecting an increase of 89.74% compared to the previous year[5] - The company's operating revenue for the first three quarters of 2023 reached CNY 569,037,804.30, a year-on-year increase of 54.15%, surpassing the total revenue for the entire year of 2022[12] - Net profit attributable to shareholders for the same period was CNY 128,605,120.86, reflecting a growth of 4.04% compared to the previous year[12] - The net profit for Q3 2023 was CNY 121,182,459.54, an increase from CNY 117,094,507.57 in Q3 2022, representing a growth of approximately 2.6%[28] - The total profit for the quarter was CNY 141,726,426.24, compared to CNY 137,369,696.80 in Q3 2022, reflecting a growth of approximately 2.6%[30] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,057,364,069.18, a 6.67% increase from the end of the previous year[5] - The company's total assets as of September 30, 2023, amounted to CNY 3,057,364,069.18, up from CNY 2,866,175,864.87 at the beginning of the year, reflecting a growth of approximately 6.7%[24] - The total current assets increased to CNY 2,286,822,328.76 from CNY 2,135,981,474.93, marking an increase of about 7%[21] - The total liabilities as of September 30, 2023, were CNY 570,796,428.20, compared to CNY 500,790,683.43 at the beginning of the year, which is an increase of approximately 14%[24] - Accounts receivable increased by 42.17% to ¥371,113,885.62, primarily due to increased sales revenue[10] - Accounts payable rose to CNY 267,821,505.00, marking a 41.17% increase driven by higher procurement[11] - The company reported a significant decrease in contract liabilities, down 53.31% to CNY 2,978,930.23, attributed to a reduction in advance payments received[11] Cash Flow and Investments - The company reported a decrease in cash flow from operating activities by 15.59% year-to-date, totaling ¥106,821,880.52[5] - The cash flow from operating activities generated a net amount of CNY 106,821,880.52, down from CNY 126,545,856.58 in the previous year[30] - The company reported a net cash outflow from investing activities of CNY -93,430,315.83, a significant decrease from a net inflow of CNY 62,955,828.66 in the previous year[32] - Investment cash outflows amounted to CNY 54,300,000.00, primarily due to investments in an industrial fund and financial products[12] - The cash flow from investment activities showed a net outflow of CNY -93,430,315.83, a decline of 248.41% compared to the previous year, mainly due to increased investment in projects[12] Operational Highlights - The company has made significant investments in new projects, with construction in progress increasing by 86.02% to ¥60,929,639.96[10] - The company plans to accelerate the investment in production lines for its fundraising projects to create favorable conditions for future revenue targets[12] - The company’s market expansion strategy has yielded positive results, with both after-sales and main engine businesses experiencing growth[12] Financial Management - The weighted average return on equity was 2.14%, a decrease of 0.93% compared to the previous year[5] - The company incurred financial expenses of CNY -33,561,225.24, a decrease from CNY -71,216,179.86 in the previous year, indicating improved financial management[30] - The company experienced a 52.87% reduction in financial expenses, amounting to CNY -33,561,225.24, due to a decrease in dollar assets and corresponding exchange gains[11] Research and Development - Research and development expenses increased to CNY 32,218,166.80 from CNY 27,171,895.33, reflecting a growth of about 18.5% year-over-year[30] Accounting Adjustments - The company implemented the new accounting standards starting January 1, 2023, resulting in adjustments to the financial statements[33] - Deferred tax assets were impacted by an amount of ¥1,511,831.44[33] - Deferred tax liabilities were also adjusted by the same amount of ¥1,511,831.44[33] - The adjustments relate to temporary differences arising from lease liabilities and right-of-use assets[33] - The third quarter report has not been audited[34]