Financial Performance - The company's revenue for Q3 2023 was ¥306,554,259.19, representing a 4.99% increase year-over-year, but a 12.66% decrease year-to-date[5] - Net profit attributable to shareholders for Q3 2023 was ¥14,166,490.16, down 36.44% year-over-year, and down 35.82% year-to-date[5] - The basic earnings per share for Q3 2023 was ¥0.17, a decrease of 52.27% compared to the same period last year[5] - The net profit for the first nine months of 2023 was 61,374,943.16, a decrease of 32.73% compared to 91,238,976.76 in the same period of 2022[10] - The net profit for Q3 2023 was CNY 61,374,943.16, a decrease of 32.7% compared to CNY 91,238,976.76 in Q3 2022[21] - The total comprehensive income for Q3 2023 was CNY 61,374,943.16, down from CNY 91,238,976.76 in Q3 2022[21] Assets and Liabilities - Total assets as of September 30, 2023, were ¥2,256,762,755.16, an increase of 54.51% compared to the end of the previous year[5] - Current assets totaled ¥1,157,251,532.58, an increase of 47.7% from ¥783,422,050.88 at the beginning of the year[16] - Non-current assets reached ¥1,099,511,222.58, up from ¥677,181,453.81, representing a growth of 62.3%[16] - The total liabilities decreased to ¥335,212,277.93 from ¥698,197,575.82, a reduction of 52.0%[17] - The equity attributable to shareholders increased to ¥1,807,070,002.07, compared to ¥678,784,214.23, marking a growth of 166.5%[17] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥88,553,040.23, a significant decrease of 698.08% year-over-year[5] - Cash flow from operating activities showed a significant decline of 698.08%, resulting in a net cash outflow of -88,553,040.23[10] - The net cash flow from operating activities was negative CNY 88,553,040.23, worsening from negative CNY 11,095,760.10 in the previous year[22] - The cash flow from investing activities showed a net outflow of CNY 641,123,988.99, compared to a net outflow of CNY 50,042,414.39 in Q3 2022[22] - The cash flow from financing activities resulted in a net inflow of CNY 791,901,194.21, significantly higher than CNY 42,016,214.20 in the same quarter last year[22] Inventory and Receivables - Accounts receivable increased by 35.78% to ¥311,870,180.86, attributed to higher sales and new customer acquisitions[9] - Inventory rose by 36.73% to ¥404,238,359.34, due to increased raw material purchases and stock for orders[9] - Inventory increased to ¥404,238,359.34, up from ¥295,641,788.94, reflecting a growth of 36.7%[15] Expenses - Sales expenses increased by 93.23% to 7,058,454.49 due to increased market expansion efforts, including higher hospitality and travel costs[10] - Research and development expenses were ¥32,109,965.34, a decrease of 13.5% compared to ¥37,203,112.99 in the same period last year[18] - The financial expenses decreased by 68.40% to 5,298,845.7 due to the repayment of bank loans[10] Government Support and Other Income - The company reported a government subsidy of ¥4,988,580.83 for the current period, contributing to non-recurring gains[6] - The company received government listing rewards, contributing to a 249.14% increase in other income to 15,214,280.55[10] Capital and Investments - The company's capital reserve increased by 392.34% to ¥1,326,601,591.01, primarily due to the net proceeds from the IPO exceeding the par value of shares issued[9] - The company reported a significant increase in cash flow from financing activities, which rose by 1784.75% to 791,901,194.21, attributed to IPO fundraising[10] - The company’s minority shareholder equity increased by 36.90% due to the capital injection of 50 million from Hubei Jinyang Precision Manufacturing Co., Ltd.[10] - The company plans to continue expanding its market presence and investing in new technologies following the successful IPO[10]
金杨股份(301210) - 2023 Q3 - 季度财报