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仁信新材(301395) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥503,609,901.07, a decrease of 14.74% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥3,194,300.41, down 85.50% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥1,419,861.24, a decline of 92.92%[5]. - Total operating revenue for the third quarter of 2023 was CNY 1,493,196,961.14, a decrease of 16.0% compared to CNY 1,777,532,438.45 in the same period last year[23]. - The net profit for Q3 2023 was CNY 26,364,563.73, a decrease of 60.3% compared to CNY 66,318,515.61 in Q3 2022[24]. - Operating profit for Q3 2023 was CNY 31,566,645.00, down 59.5% from CNY 77,755,675.17 in the same period last year[24]. - The company reported a net profit margin of approximately 1.6% for the third quarter of 2023, down from 4.1% in the same quarter last year[23]. - Total comprehensive income for Q3 2023 was CNY 26,364,563.73, a decline of 60.3% from CNY 66,318,515.61 in Q3 2022[25]. - Basic and diluted earnings per share for Q3 2023 were both CNY 0.22, down from CNY 0.61 in the same quarter last year[25]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,934,060,695.25, an increase of 85.30% compared to the end of the previous year[5]. - Total assets as of September 30, 2023, were CNY 1,934,060,695.25, compared to CNY 1,043,741,352.76 at the beginning of the year, marking an increase of 85.2%[21]. - Total liabilities decreased to CNY 304,980,357.82 from CNY 331,269,414.08, a decline of 7.9%[21]. - The company's equity attributable to shareholders increased by 128.65% to ¥1,629,080,337.43[5]. - The company's equity attributable to shareholders increased to CNY 1,629,080,337.43 from CNY 712,471,938.68, reflecting a growth of 128.7%[21]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥3,091,021.00, a decrease of 101.73% compared to the previous year[5]. - The net cash flow from operating activities decreased by 101.73%, amounting to -3,091,021.00 compared to 179,034,974.91 in the same period last year[11]. - Cash flow from operating activities showed a net outflow of CNY 3,091,021.00, compared to a net inflow of CNY 179,034,974.91 in the previous year[27]. - The net cash flow from investing activities was -985,986,484.83, a decrease of 170.48% from -364,529,411.95 in the previous year[11]. - Investment activities resulted in a net cash outflow of CNY 985,986,484.83, compared to a smaller outflow of CNY 364,529,411.95 in the previous year[27]. - The net cash flow from financing activities increased significantly by 29,267.01%, reaching 885,173,119.88 due to funds raised from the initial public offering[11]. - The balance of cash and cash equivalents at the end of the period was 292,683,444.16, representing a 650.58% increase from 38,994,153.34 in the previous year[11]. - The company's cash and cash equivalents decreased to CNY 292,683,444.16 from CNY 396,587,830.11 at the beginning of the year, representing a decline of 26.2%[19]. - Cash and cash equivalents at the end of Q3 2023 were CNY 292,683,444.16, compared to CNY 38,994,153.34 at the end of Q3 2022[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,670[13]. - The top three shareholders hold a combined 43.30% of the shares, with the largest shareholder, Qiu Hanzhou, owning 19.18%[13]. - The company has no preferred shareholders with restored voting rights as of the reporting period[15]. Operational Metrics - The company reported a significant increase in accounts receivable by 73.92%, reaching ¥36,743,916.63, due to extended credit terms[9]. - Accounts receivable increased to CNY 36,743,916.63 from CNY 21,126,893.41, reflecting a growth of 73.8%[19]. - Total operating costs for the third quarter of 2023 were CNY 1,469,265,258.08, down 13.8% from CNY 1,704,470,360.37 year-on-year[23]. - Inventory decreased to CNY 68,376,091.56 from CNY 75,518,655.78, indicating a reduction of 9.1%[20]. - Research and development expenses increased to CNY 3,214,541.49, up 21.7% from CNY 2,640,322.86 in Q3 2022[24]. Government Support - The company received government subsidies amounting to ¥1,000,000.00 related to its normal business operations[6]. Other Financial Metrics - The company reported a 54.35% decrease in income tax expenses, totaling 5,195,585.44 compared to 11,381,172.99 in the same period last year[11]. - The company experienced a 99.99% decrease in non-operating income, which was 2.25 compared to 37,645.23 in the previous year[11]. - The company's credit impairment loss was 1,682,024.24, an increase of 419.25% due to the reversal of previously recognized expected credit losses[11]. - The company received investment income of CNY 4,937,256.32, an increase from CNY 4,405,504.50 in the same period last year[27]. - The company's financial assets increased by 100% to ¥901,300,000.00, attributed to cash management and investment activities[9]. - The company’s capital reserve surged by 730.12% to ¥967,615,772.55, primarily due to the IPO[10].