Financial Performance - The company's revenue for Q3 2023 reached ¥197,793,007.51, representing a 16.30% increase year-over-year[3] - Net profit attributable to shareholders was ¥41,754,317.72, a significant increase of 39.66% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥40,701,771.93, up 38.71% year-over-year[3] - The basic earnings per share for Q3 2023 was ¥0.8540, reflecting a 14.17% increase year-over-year[3] - Net profit for Q3 2023 was ¥36,026,623.24, slightly up from ¥35,587,224.92 in Q3 2022, indicating a growth of 1.2%[19] - The total comprehensive income for the period was CNY 36,026,623.24, compared to CNY 35,587,224.92 in the previous period[20] Assets and Liabilities - Total assets increased by 85.26% to ¥1,383,660,749.43 compared to the end of the previous year[3] - The company's total assets as of September 30, 2023, amounted to ¥1,383,660,749.43, compared to ¥746,857,864.31 at the beginning of the year, representing an increase of 85.0%[18] - Current assets totaled ¥1,215,257,440.14 as of September 30, 2023, a significant rise from ¥619,478,625.33 at the start of the year, marking a growth of 96.4%[18] - The total liabilities increased to ¥373,718,482.76 in Q3 2023 from ¥233,568,919.52 in Q1 2023, reflecting a rise of 59.9%[18] - Shareholders' equity rose by 96.79% to ¥1,009,117,510.92 from the end of the previous year[3] - The total equity attributable to shareholders reached ¥1,009,117,510.92, up from ¥512,780,698.48 at the start of the year, indicating an increase of 96.7%[18] Cash Flow - Cash flow from operating activities showed a decline of 50.58% year-to-date, totaling ¥25,119,546.98[3] - The company experienced a decrease in operating cash flow, which fell by 50.58% compared to the previous year[12] - Cash inflow from operating activities was CNY 555,127,143.82, up from CNY 337,108,320.40 in the previous period, representing a 64.7% increase[21] - Net cash flow from operating activities decreased to CNY 25,119,546.98 from CNY 50,826,942.84, a decline of 50.7%[22] - Net cash flow from financing activities was CNY 459,820,913.16, compared to a negative CNY 3,502,152.16 in the previous period[22] - The ending cash and cash equivalents balance increased to CNY 444,305,094.94 from CNY 72,410,141.44, a significant increase of 514.5%[22] Inventory and Expenses - The company reported a significant increase in inventory, with a 219.09% rise to ¥337,710,057.24 due to seasonal production peaks[8] - Operating costs for Q3 2023 were ¥301,879,659.09, up from ¥270,582,706.23 in the same period last year, reflecting a year-over-year increase of 11.6%[19] - Sales expenses increased by 66.39%, reaching 40,303,851.62 RMB, primarily due to an increase in the number of sales personnel and employee compensation[10] - Research and development expenses for Q3 2023 were ¥54,036,126.76, compared to ¥50,453,914.99 in Q3 2022, showing an increase of 7.6%[19] Other Financial Metrics - The company reported a significant increase in credit impairment losses, which rose by 206.51% to 8,555,007.22 RMB, attributed to increased collections and a decrease in bad debt provisions[10] - Other income rose by 63.59% to 6,282,402.38 RMB, mainly from new government subsidies received[10] - The capital reserve increased by 231.38% to ¥640,612,353.24, attributed to the premium from stock issuance during the reporting period[9] IPO and Shareholder Information - The company successfully completed its IPO, issuing 13.33 million shares, and began trading on the Shenzhen Stock Exchange on July 20, 2023[14] - The total number of ordinary shareholders at the end of the reporting period was 7,918, with the largest shareholder holding 30.81% of the shares[12] Audit and Reporting - The company has not undergone an audit for the third-quarter report[23] - The report was released by the board of directors on October 27, 2023[24]
智信精密(301512) - 2023 Q3 - 季度财报