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赣锋锂业(01772) - 2023 Q3 - 季度业绩
01772GANFENG LITHIUM(01772)2023-10-30 12:45

Financial Performance - The company's operating revenue for the third quarter was RMB 7,536,725,354.55, a decrease of 42.77% compared to the same period last year[2]. - Net profit attributable to shareholders was RMB 159,660,470.78, down 97.88% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 239,136,661.31, a decline of 95.91% compared to the previous year[2]. - The basic earnings per share were RMB 0.08, a decrease of 97.87% year-on-year[2]. - The company reported a 74.24% increase in operating costs to 21.21billion,drivenbyhigherinitialrawmaterialinventorylevels[8].Thetotalrevenueforthecurrentperiodwasapproximately6.51billion,adecreasefrom17.23billioninthepreviousperiod,representingadeclineofabout62.221.21 billion, driven by higher initial raw material inventory levels[8]. - The total revenue for the current period was approximately 6.51 billion, a decrease from 17.23 billion in the previous period, representing a decline of about 62.2%[34]. - Net profit for the current period is approximately 5.88 billion, down from 14.99 billion in the previous period, indicating a decrease of around 60.8%[34]. - The operating profit for the current period is approximately 6.29 billion, compared to 17.21 billion in the previous period, reflecting a decline of about 63.5%[34]. - The total comprehensive income for the current period is approximately 6.82 billion, a decrease from 16.92 billion in the previous period, indicating a decline of around 59.7%[37]. Assets and Liabilities - The company's total assets as of September 30, 2023, were RMB 92,862,318,954.04, representing a 17.31% increase from the end of the previous year[2]. - Total liabilities increased significantly, with short-term borrowings rising by 211.53% to 6.57 billion, reflecting new short-term loans for production operations[6]. - Long-term borrowings increased by 69.13% to 15.45billion,attributedtonewlongtermloansforPPGandotherprojects[7].Totalliabilitiesamountedto¥38.78billion,upfrom¥30.29billion,indicatingariseofabout28.515.45 billion, attributed to new long-term loans for PPG and other projects[7]. - Total liabilities amounted to ¥38.78 billion, up from ¥30.29 billion, indicating a rise of about 28.5%[28]. - The total equity attributable to shareholders reached ¥48.51 billion, up from ¥44.04 billion, reflecting an increase of about 10.6%[28]. Cash Flow - Cash flow from operating activities was negative at RMB -1,369,100,406.14, a decrease of 117.20% compared to the same period last year[2]. - Operating cash flow decreased by 117.20% to -1.37 billion, primarily due to increased cash payments for goods and related taxes[10]. - The cash flow from operating activities shows a net outflow of approximately 1.37 billion, contrasting with a net inflow of 7.96 billion in the previous period[40]. - Cash flow from investing activities resulted in a net outflow of approximately 7.18 billion, compared to a net outflow of 5.30 billion in the previous period[41]. - Cash flow from financing activities generated a net inflow of approximately 8.13 billion, an increase from 3.94 billion in the previous period[41]. Investments and Acquisitions - The company approved an investment agreement with the local government to develop a lithium battery production project in July 2023[18]. - In July 2023, the company agreed to acquire 70% of the equity of Mengjin Mining, enhancing its resource portfolio[18]. - The company plans to increase its stake in Mali Lithium B.V. with an investment of up to USD 138 million, focusing on mining rights investment[19]. - A cash investment of RMB 1 billion is planned for the acquisition of new registered capital in Chongqing Ruichi Automobile[20]. - The company is implementing an employee stock ownership plan for 2023, aiming to align employee interests with company performance[20]. Other Financial Metrics - The weighted average return on net assets was 0.35%, down 24.34% year-on-year[2]. - The company recorded a government subsidy of RMB 436,627,080.78 during the reporting period, contributing to its financial performance[3]. - Other income surged by 1,261.60% to 990.93million,mainlyduetoanincreaseingovernmentsubsidiesreceived[8].Thecompanysothercomprehensiveincomeroseby123.26990.93 million, mainly due to an increase in government subsidies received[8]. - The company’s other comprehensive income rose by 123.26% to 1.56 billion, mainly due to foreign currency translation differences from exchange rate fluctuations[7]. - The company reported a significant increase in cash received from sales of goods and services, totaling approximately 26.79 billion, compared to 24.89 billion in the previous period, reflecting an increase of about 7.6%[38]. Shareholder Information - The top ten unrestricted shareholders hold a total of 430,520,506 shares, representing a significant portion of the company's equity[15]. - The company has a total of 16,349,805 shares held by Huang Wen, accounting for 0.81% of the total shares[14].