Financial Performance - The company's revenue for Q3 2023 reached ¥196,773,216.29, representing a 28.84% increase year-over-year, and a total revenue of ¥569,729,672.85 for the year-to-date, up 36.53% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2023 was ¥11,722,289.78, an increase of 81.31% year-over-year, with a year-to-date net profit of ¥40,055,553.62, up 20.59%[6]. - The basic earnings per share for Q3 2023 was ¥0.10, reflecting a 66.67% increase compared to the same period last year[6]. - The net profit for the third quarter of 2023 was CNY 40,055,553.62, an increase of 20.8% compared to CNY 33,215,860.96 in the same period last year[35]. - Operating profit reached CNY 43,223,673.39, up from CNY 36,311,281.52, reflecting a growth of 19.5% year-over-year[35]. - Total revenue from operating activities amounted to CNY 625,305,617.37, compared to CNY 465,331,286.68 in the previous year, indicating a growth of 34.3%[37]. - The total comprehensive income for the period was CNY 40,055,553.62, compared to CNY 33,215,860.96 in the previous year, showing an increase of 20.8%[36]. Assets and Liabilities - The company's total assets as of the end of Q3 2023 were ¥889,614,991.28, a 16.87% increase from the end of the previous year[6]. - Current assets as of September 30, 2023, totaled RMB 492,151,960.99, an increase from RMB 422,972,553.08 at the beginning of the year[27]. - The company's total assets reached RMB 889,614,991.28, compared to RMB 761,214,708.80 at the beginning of the year, marking a growth of 16.9%[31]. - The total liabilities decreased to RMB 131,223,229.12 from RMB 138,297,325.36, a reduction of 5.8%[29]. - The company’s total liabilities decreased by 53.38% in short-term borrowings, amounting to ¥14,000,000.00, due to loan repayments[10]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,579[14]. - The largest shareholder, Shen Shunhua, holds 33.56% of shares, totaling 39,414,600 shares[14]. - Zhejiang Huayinghui Holdings Co., Ltd. holds 11.19% of shares, totaling 13,138,200 shares[14]. - The company repurchased and canceled 668,000 shares from the 2022 restricted stock incentive plan[20]. - After the repurchase, the total number of shares decreased from 118,118,438 to 117,450,438[21]. - The company plans to release 1,504,592 shares from lock-up on December 8, 2023[18]. - The total number of restricted shares at the end of the period is 73,130,438[19]. - The company has a total of 66,400,000 restricted shares before the current period[19]. - The company’s stock incentive plan includes a total of 1,520,000 shares, with 902,000 shares remaining locked[19]. Research and Development - The company reported a significant increase in research and development expenses, totaling ¥24,512,004.35 for the year-to-date, which is a 27.90% increase compared to the previous year[10]. - Research and development expenses increased to CNY 24,512,004.35, up from CNY 19,164,694.41, marking a rise of 27.5%[35]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥12,126,184.41, down 52.62% compared to the same period last year[12]. - The cash flow from operating activities showed a net inflow of CNY 12,126,184.41, down from CNY 25,594,916.22 in the same quarter last year[39]. - The company’s cash and cash equivalents decreased by CNY 53,603,909.10 during the quarter, compared to a decrease of CNY 17,762,482.47 in the same period last year[39]. - The total cash flow from investing activities resulted in a net outflow of CNY 137,383,420.28, compared to a net outflow of CNY 64,077,055.10 in the previous year[39]. Inventory and Accounts - The company experienced a 90.71% increase in accounts payable, reaching ¥45,618,600.00, primarily due to increased payments for goods[10]. - The company reported a significant increase in accounts receivable, which rose to RMB 39,487,105.62 from RMB 31,988,486.81, an increase of 23.2%[26]. - Inventory increased to RMB 143,184,183.21 from RMB 107,280,868.88 at the start of the year, reflecting a growth of 33.5%[26]. Dividends - Cash dividends of RMB 2 per 10 shares were distributed to shareholders, totaling RMB 23,490,087.60, with the record date on September 26, 2023[24]. Future Plans - The company plans to continue its market expansion and product development strategies to sustain growth in the upcoming quarters[24].
汇隆新材(301057) - 2023 Q3 - 季度财报