Financial Performance - The company's revenue for Q3 2023 was ¥125,373,831.47, representing a decrease of 6.48% compared to the same period last year[5] - The net profit attributable to shareholders for the year-to-date period was ¥38,118,801.94, down 51.03% year-on-year[5] - The basic earnings per share for the year-to-date period was ¥0.4694, reflecting a decline of 59.93% compared to the previous year[5] - The total revenue for Q3 2023 was CNY 372,898,806.15, down from CNY 503,195,123.82 in the same period last year, reflecting a decline of approximately 26%[20] - The operating profit for Q3 2023 was CNY 41,911,993.57, compared to CNY 87,813,862.25 in Q3 2022, representing a decrease of about 52%[20] - The net profit for Q3 2023 was CNY 38,118,801.94, down from CNY 77,840,168.71 in Q3 2022, indicating a decline of approximately 51%[20] - The total comprehensive income for Q3 2023 is CNY 38,118,801.94, a decrease of 51% compared to CNY 77,840,168.71 in the same period last year[21] Assets and Liabilities - Total assets increased by 133.39% year-on-year, reaching ¥1,418,999,815.93, primarily due to funds raised from the initial public offering[9] - The total liabilities decreased to CNY 160,905,115.45 from CNY 195,135,200.04 year-on-year, indicating improved financial stability[17] - As of September 30, 2023, the total current assets amounted to CNY 1,224,233,752.52, a significant increase from CNY 467,757,978.62 at the beginning of the year[16] - The total equity attributable to shareholders increased to CNY 1,258,094,700.48 from CNY 412,867,704.26 year-on-year, reflecting strong retained earnings growth[17] Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 47.96%, totaling ¥44,922,007.79[5] - The net cash flow from operating activities for the current period is CNY 44,922,007.79, down 48% from CNY 86,314,701.88 in the previous year[23] - The cash flow from operating activities decreased by approximately 10% compared to the previous quarter[23] - The cash flow from investing activities resulted in a net outflow of CNY 50,043,108.33, compared to a net outflow of CNY 35,576,035.72 in the same period last year[23] - The company reported cash inflow from financing activities of CNY 916,789,000.00, significantly higher than CNY 71,456,289.03 in the previous year[24] - Total cash and cash equivalents at the end of the period increased to CNY 831,105,259.39, compared to CNY 21,704,654.05 at the end of the same period last year[24] - Cash and cash equivalents increased to CNY 838,207,642.58 from CNY 85,643,930.67 at the beginning of the year, showing strong liquidity[16] Costs and Expenses - The company reported a total of CNY 314,191,385.92 in operating costs for Q3 2023, a decrease from CNY 377,934,036.60 in the previous year, reflecting a cost reduction strategy[20] - Research and development expenses for Q3 2023 were CNY 14,209,465.65, down from CNY 17,387,631.99 in Q3 2022, indicating a potential shift in investment strategy[20] Government and Tax - The company reported a government subsidy of ¥996,935.92 for the current period, contributing to its non-operating income[7] - The company received tax refunds amounting to CNY 3,571,696.50, an increase from CNY 2,792,279.79 in the previous year[23] Shareholder Information - The equity attributable to shareholders rose by 204.72% year-on-year, amounting to ¥1,258,094,700.48, also driven by the IPO[5] - The company has a total of 68,323,184 shares subject to trading restrictions, with the majority set to be released by October 2026[13] Other Information - The decline in net profit was mainly attributed to a decrease in product sales prices and reduced sales revenue due to falling raw material prices[9] - The weighted average return on equity was 0.95%, down 1.38% from the previous year[5] - The company has not reported any new product developments or market expansion strategies in this quarter[5] - The company has not undergone an audit for the Q3 report[25] - Basic and diluted earnings per share for Q3 2023 are CNY 0.4694, down from CNY 1.1715 in the same period last year[21]
中科磁业(301141) - 2023 Q3 - 季度财报