Financial Performance - The company's revenue for Q3 2023 was ¥144,846,750.45, representing a 5.75% increase compared to ¥136,975,482.00 in the same period last year[5]. - The net profit attributable to shareholders was -¥558,963.02, a decrease of 103.16% from ¥17,690,984.23 in the previous year[5]. - The net profit excluding non-recurring items was -¥2,095,201.34, down 118.56% from ¥11,291,360.45 year-on-year[5]. - The total operating costs for the current period were ¥372,610,212.60, up from ¥318,171,779.51, reflecting a rise of about 17.1%[27]. - The net profit for the current period was ¥30,913,871.95, a decrease of approximately 41.0% from ¥52,416,419.41 in the previous period[27]. - The total comprehensive income for the third quarter was CNY 29,898,626.26, a decrease from CNY 51,515,046.99 in the same period last year[28]. - Basic earnings per share decreased to CNY 0.3716 from CNY 0.6300 year-over-year[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,844,972,979.59, an increase of 38.68% from ¥1,329,488,476.55 at the end of the previous year[5]. - The company’s total assets reached ¥1,844,972,979.59 as of September 30, 2023, compared to ¥1,330,414,119.40 at the beginning of the year, marking an increase of approximately 38.6%[25]. - The company’s total liabilities increased to ¥806,428,084.59 from ¥431,347,887.99, reflecting a rise of about 86.8%[26]. - The company’s equity attributable to shareholders rose by 15.51% to ¥1,038,544,895.00 from ¥899,065,044.97 at the end of the previous year[5]. - The company’s equity attributable to shareholders increased to ¥1,038,544,895.00 from ¥899,065,044.97, representing a growth of about 15.6%[26]. Cash Flow - The company’s cash flow from operating activities showed a significant decline, with a net cash outflow of -¥41,145,928.39, a decrease of 516.15% compared to -¥6,677,925.25 in the previous year[5]. - Net cash flow from operating activities was negative at CNY -41,145,928.39, compared to CNY -6,677,925.25 in the previous year[30]. - Cash received from tax refunds increased by 41.97% to CNY 24,871,885.85, mainly due to higher export tax rebates[13]. - Cash inflow from investment activities totaled CNY 986,445,496.43, down from CNY 1,600,616,135.37 year-over-year[30]. - Net cash flow from investment activities was CNY -316,444,387.02, a significant decline from CNY 41,499,119.94 in the previous year[30]. - Cash flow from financing activities generated CNY 367,399,780.12, compared to a negative cash flow of CNY -24,566,916.87 in the same period last year[30]. - The ending balance of cash and cash equivalents was CNY 147,436,419.69, down from CNY 284,779,617.61 year-over-year[30]. - The company received CNY 333,387,256.51 in cash from sales of goods and services, a decrease from CNY 359,202,876.16 in the previous year[29]. - The company reported a decrease in cash received from other operating activities to CNY 3,490,772.53 from CNY 8,763,853.49 year-over-year[29]. Expenses - Tax and additional charges increased by 58.74% to CNY 2,666,526.58 due to higher VAT surcharges[12]. - Sales expenses rose by 32.40% to CNY 17,731,785.15, primarily due to increased revenue leading to higher after-sales service fees and travel expenses[12]. - Financial expenses surged by 328.93% to CNY 6,356,572.75, mainly due to the accrual of interest on convertible bonds[12]. - Other income decreased by 75.68% to CNY 1,914,057.08, attributed to a reduction in government subsidies received[12]. Investments and Projects - The company issued 3,965,716 convertible bonds with a total value of CNY 396.57 million, which began trading on July 17, 2023[18]. - The company approved a capital increase of CNY 90 million for its wholly-owned subsidiary to implement a project with an annual production capacity of 150,000 tons of polymer new materials[20]. - The company plans to implement a restricted stock incentive plan, granting 1,900,600 shares to 120 incentive targets[22]. - The company plans to establish a wholly-owned subsidiary in France with an investment of €500,000[24]. Other Information - The company has approved the completion of fundraising projects with surplus funds of ¥20,255,100.00 to be permanently supplemented into working capital[23]. - The company’s inventory as of September 30, 2023, was ¥443,107,290.19, up from ¥369,572,944.53 at the beginning of the year, indicating an increase of approximately 19.8%[25]. - The company has not undergone an audit for the third quarter report[33].
海泰科(301022) - 2023 Q3 - 季度财报