Revenue and Profitability - Revenue for Q3 2023 reached ¥111,602,325.73, an increase of 27.16% compared to the same period last year[4] - Net profit attributable to shareholders was ¥10,427,173.35, a decrease of 18.59% year-on-year[4] - Basic earnings per share decreased by 32.18% to ¥0.1625[4] - Total operating revenue for Q3 2023 was CNY 282,120,699.37, an increase of 2.3% compared to CNY 276,085,016.45 in Q3 2022[20] - Net profit for Q3 2023 was CNY 28,659,921.34, a decrease of 35.6% from CNY 44,526,279.34 in Q3 2022[21] - Earnings per share for Q3 2023 was CNY 0.4468, down from CNY 0.8926 in Q3 2022[21] Assets and Liabilities - Total assets as of September 30, 2023, were ¥980,909,976.11, reflecting a 1.45% increase from the end of the previous year[4] - Total liabilities as of the end of Q3 2023 amounted to CNY 146,752,051.16, an increase from CNY 139,775,012.62 at the end of Q3 2022[19] - Total current assets as of September 30, 2023, amount to ¥825,463,260.17, a slight decrease from ¥829,264,385.39 at the beginning of the year[17] - Total non-current assets increased from ¥137,655,430.84 to ¥155,446,715.94, indicating a growth of about 12.9%[17] - The total assets as of September 30, 2023, are ¥980,909,976.11, up from ¥966,919,816.23 at the beginning of the year[17] Cash Flow - Cash flow from operating activities for the first nine months was ¥25,437,039.49, down 49.25% year-on-year[10] - The net cash flow from operating activities for the third quarter was ¥25,437,039.49, a decrease of 49.3% compared to ¥50,126,401.35 in the same period last year[22] - Total cash inflow from investment activities was ¥50,415,084.73, while cash outflow was ¥69,845,053.60, resulting in a net cash flow of -¥19,429,968.87[22] - The net cash flow from financing activities was -¥26,122,208.33, significantly lower than the previous year's net inflow of ¥498,499,187.26[23] - The total cash and cash equivalents at the end of the period stood at ¥517,870,078.74, down from ¥609,359,333.54 at the end of the previous year[23] Expenses - The company reported a significant increase in management expenses by 51.03% to ¥19,144,454.27 due to increased share-based payment expenses[8] - Research and development expenses for Q3 2023 were CNY 10,565,600.88, compared to CNY 9,467,106.74 in Q3 2022, reflecting a 11.6% increase[20] - Cash paid to employees increased to ¥23,279,877.75 from ¥21,704,049.90, reflecting a rise of 7.3%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,348[12] - The largest shareholder, Wang Chenghui, holds 47.23% of shares, totaling 30,298,333 shares[12] - The company has a total of 48,928,462 restricted shares, with 13,950,129 shares released during the period[15] - The company plans to release 30,298,333 shares held by Wang Chenghui on February 19, 2026[15] Inventory and Receivables - Accounts receivable increased by 32.11% to ¥134,357,174.84 due to higher sales revenue[7] - Inventory decreased by 40.84% to ¥22,442,213.68 as a result of increased sales volume[7] - Accounts receivable increased from ¥101,699,707.08 to ¥134,357,174.84, reflecting a growth of approximately 32%[17] Investments - The company made a long-term equity investment of ¥10,000,000.00 in Fujian Bozhong New Materials Co., Ltd.[7] - The company has ongoing investments in long-term equity, totaling ¥10,000,000.00[17] - The company invested ¥60,000,000.00 in new projects during the quarter, indicating a focus on expansion despite negative cash flow from investments[22] Audit and Reliability - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[24]
远翔新材(301300) - 2023 Q3 - 季度财报