铂科新材(300811) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥272,508,779.28, a slight increase of 0.34% compared to ¥271,588,620.76 in the same period last year[7] - The net profit attributable to shareholders for Q3 2023 was ¥54,816,900.61, representing a growth of 4.04% from ¥52,686,297.98 year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥53,846,335.67, up 6.28% from ¥50,662,981.40 in the previous year[7] - Sales revenue for the first nine months of 2023 reached CNY 602,387,591.01, a 73.06% increase compared to CNY 348,083,023.95 in the same period of 2022[24] - Net profit attributable to shareholders was CNY 188,863,034.54, reflecting a 43.66% increase from CNY 131,461,764.14 year-on-year[24] - Net profit for the current period was ¥188.92 million, representing a 43.7% increase compared to ¥131.46 million in the previous period[42] - Basic earnings per share rose to ¥0.9518, up from ¥0.6838 in the previous period, reflecting a 39.2% increase[42] Assets and Liabilities - The total assets as of September 30, 2023, amounted to ¥2,358,578,981.95, reflecting a 4.89% increase from ¥2,248,586,872.34 at the end of the previous year[10] - The company's total equity attributable to shareholders increased by 11.91% to ¥1,823,126,188.12 compared to ¥1,629,094,232.30 at the end of the previous year[10] - The total current liabilities decreased to CNY 274,623,908.21 from CNY 355,485,793.69, indicating a reduction in short-term financial obligations[35] - The long-term borrowings stood at CNY 93,534,761.87, slightly down from CNY 97,824,953.69, indicating stable debt management[35] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥27,024,046.84, a significant improvement of 143.43% compared to a negative cash flow of ¥62,217,921.36 in the same period last year[10] - Cash received from operating activities increased by 73.06% to CNY 602,387,591.01, attributed to sales growth and improved accounts receivable management[24] - Cash flow from operating activities generated ¥27.02 million, a significant recovery from a negative cash flow of ¥62.22 million in the previous period[45] - The net cash flow from investment activities was ¥58.51 million, a recovery from a negative cash flow of ¥463.85 million in the previous period[45] - The company reported a net increase in cash and cash equivalents of $54,730,985.89, contrasting with a decrease of $7,419,555.66 in the previous period[47] Expenses and Income - Financial expenses decreased by 57.78% to CNY 7,512,978.52, primarily due to the absence of convertible bond interest during the reporting period[24] - Other income surged by 234.08% to CNY 9,707,304.05, mainly due to increased government subsidies received[24] - The company reported a significant increase in non-operating income, which rose by 756.62% to CNY 885,545.52, mainly from government subsidies and scrap income[24] - Tax expenses increased by 41.30% to CNY 35,703,990.76, due to a rise in total profit during the reporting period[24] Business Operations and Strategy - The company's chip inductor business achieved a remarkable 229.17% quarter-over-quarter revenue growth, validating the strategic focus on metal soft magnetic powder cores and chip inductors outlined in the "14th Five-Year Plan" [31] - The company plans to continue expanding its market presence and developing new technologies to enhance its competitive edge[27] - The company plans to further enhance its chip inductor capacity in response to the growing demand from high-performance applications such as AI and autonomous driving [31] - The company is optimistic about the future growth of its chip inductor business, driven by advancements in technology and market expansion opportunities [31] Inventory and Borrowings - The company's inventory increased by 57.30% to ¥226,859,583.92, driven by business growth and increased stock levels[15] - The company's short-term borrowings decreased by 30.02% to ¥35,000,000.00, as a result of repayments made during the reporting period[15] Research and Development - Research and development expenses increased to ¥48.29 million, up 23.7% from ¥39.03 million in the previous period, indicating a focus on innovation[39] Accounting and Auditing - The company did not undergo an audit for the third quarter report[47] - The company has adopted new accounting standards starting from 2023[47]