Financial Performance - The company's revenue for Q3 2023 reached ¥568,725,449.42, representing a significant increase of 1,775.14% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2023 was ¥55,109,302.43, an increase of 483.98% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥55,460,803.49, up 491.65% from the previous year[5] - Basic earnings per share for Q3 2023 were ¥0.4134, reflecting an increase of 484.20% compared to the same period last year[5] - The company reported a year-to-date revenue of ¥1,142,447,481.86, which is a 731.05% increase compared to the same period last year[9] - Total operating revenue for Q3 2023 reached CNY 1,142,447,481.86, a significant increase from CNY 137,470,564.33 in the same period last year, representing a growth of approximately 730%[19] - Net profit for Q3 2023 was CNY 11,905,257.11, a turnaround from a net loss of CNY 11,866,880.18 in Q3 2022[20] - The total comprehensive income for the period attributable to the parent company was ¥12,301,046.69, compared to a loss of ¥11,736,545.48 in the previous period, indicating a significant recovery[21] - The basic and diluted earnings per share for the current period were both ¥0.0923, a turnaround from a loss of ¥0.0880 per share in the previous period[21] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥2,294,257,496.83, a growth of 42.32% from the end of the previous year[5] - The company's total assets as of Q3 2023 amounted to CNY 2,294,257,496.83, up from CNY 1,612,049,902.89 at the end of the previous year[17] - Current liabilities totaled CNY 733,079,267.49 in Q3 2023, compared to CNY 356,320,535.95 in Q3 2022, reflecting an increase of approximately 106%[17] - The total liabilities of the company reached CNY 1,107,078,093.91 in Q3 2023, up from CNY 429,336,621.69 in Q3 2022, reflecting an increase of about 158%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥113,248,407.54, a decrease of 212.58% compared to the previous year[5] - Cash inflows from operating activities totaled ¥1,462,765,338.17, a substantial increase from ¥208,786,123.46 in the prior period[22] - The net cash flow from operating activities was negative at -¥113,248,407.54, contrasting with a positive cash flow of ¥100,592,283.47 in the previous period[24] - Cash outflows from investing activities amounted to ¥99,389,337.65, down from ¥435,906,951.53 in the prior period, reflecting a reduction in investment spending[24] - The net cash flow from financing activities was positive at ¥284,574,514.50, compared to ¥125,566,563.63 in the previous period, indicating increased financing activities[24] - The ending cash and cash equivalents balance was ¥231,322,370.53, down from ¥371,678,887.16 at the end of the previous period[24] - The company reported a significant increase in cash received from sales of goods and services, totaling ¥795,979,957.89, compared to ¥113,888,769.51 in the previous period[22] - The company incurred cash payments to employees totaling ¥73,955,442.96, significantly higher than ¥30,200,923.17 in the previous period, indicating increased labor costs[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,616[10] - The largest shareholder, Changchun Huifeng Automotive Gear Co., Ltd., holds 52.05% of shares, totaling 69,400,000 shares, with 33,560,000 shares pledged[10] - Shareholder Wang Ran owns 18.75% of shares, amounting to 25,000,000 shares, with 6,120,000 shares pledged[10] - The company has a total of 97,000,000 restricted shares, which will be released on April 29, 2024[13] - The total number of shares held by the top ten unrestricted shareholders is 2,600,000 shares[10] Operational Highlights - The company experienced a significant increase in sales volume, which contributed to the rise in both revenue and profit[9] - The company received government subsidies amounting to ¥150,000.00 during the reporting period[7] - Research and development expenses for Q3 2023 were CNY 25,924,619.35, significantly higher than CNY 10,121,358.92 in the same quarter last year, marking an increase of about 156%[20] - The company's long-term borrowings increased to CNY 353,935,000.01 in Q3 2023 from CNY 48,000,000.00 in Q3 2022, indicating a growth of approximately 638%[17] - The company reported a gross profit margin of approximately 11.5% for Q3 2023, compared to a negative margin in Q3 2022[19] Other Information - The company has no preferred shareholders as per the report[12] - The company has not reported any changes in restricted shares during the period[12] - As of September 30, 2023, the company's cash and cash equivalents amount to ¥231,322,370.53, an increase from ¥151,332,780.72 at the beginning of the year[15] - Accounts receivable increased significantly to ¥180,854,093.74 from ¥54,728,387.71 at the beginning of the year[15] - Prepayments rose to ¥184,794,153.24 from ¥27,748,371.77 at the beginning of the year[15] - The report for the third quarter of 2023 was not audited, which may affect the reliability of the financial data presented[26]
致远新能(300985) - 2023 Q3 - 季度财报