久立特材(002318) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 reached ¥2,389,808,148.08, representing a 34.77% increase compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2023 was ¥395,664,076.22, a 6.52% increase year-on-year[3]. - The net profit after deducting non-recurring gains and losses for Q3 2023 was ¥392,741,236.70, reflecting a 1.72% increase compared to the previous year[3]. - The company's operating revenue for the first nine months of 2023 reached CNY 6,154,060,066.61, representing a 29.33% increase compared to CNY 4,758,560,578.28 in the same period of 2022[7]. - The net profit attributable to shareholders increased by 42.08% to CNY 511,940,268.67, up from CNY 360,328,055.98 year-on-year[7]. - Net profit for the current period was ¥1,107,882,079.45, up 25.8% from ¥880,697,399.83 in the previous year[16]. - Total profit for the current period was ¥1,284,045,821.77, a 34.5% increase from ¥954,778,702.94 in the previous year[16]. - Basic earnings per share rose to ¥1.14, compared to ¥0.91 in the same period last year, reflecting a 25.3% increase[16]. Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥11,458,208,126.95, which is a 16.08% increase from the end of the previous year[3]. - The total assets as of September 30, 2023, amounted to ¥11.46 billion, an increase from ¥9.87 billion at the beginning of the year[13]. - The company's total liabilities reached ¥4.34 billion, compared to ¥3.44 billion at the beginning of the year, reflecting an increase of approximately 26.1%[13]. - The total liabilities increased by 34.98% to CNY 250,494,153.19 due to ongoing project investments, including the second phase of special metallurgy projects[7]. - The company's short-term loans surged by 132.56% to CNY 915,411,290.64, compared to CNY 393,619,936.00 in the previous year, primarily due to increased working capital needs[7]. Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 34.69%, totaling ¥396,895,203.93[3]. - The cash flow from operating activities decreased by 34.69% to CNY 396,895,203.93, down from CNY 607,727,746.68, mainly due to higher increases in receivables and inventory[7]. - The company reported a net cash inflow from investing activities of CNY 229,430,280.30, a significant turnaround from a net outflow of CNY 331,897,914.40 in the previous year[7]. - The company reported a net cash flow from operating activities of ¥396,895,203.93, down 34.6% from ¥607,727,746.68 in the previous year[18]. - Cash inflow from investment activities was ¥708,215,770.84, significantly higher than ¥75,427,189.88 in the previous year[18]. - The net cash flow from financing activities in Q3 2023 was -¥4,827,647.09, a significant decrease compared to ¥85,285,329.28 in Q3 2022[19]. Inventory and Receivables - The company's inventory increased by 23.27%, reaching ¥2,464,514,039.66 compared to the beginning of the year[6]. - Accounts receivable rose by 30.25%, totaling ¥1,252,017,078.36, attributed to increased sales revenue and large project growth[6]. - Accounts receivable rose to ¥1.25 billion, up from ¥961 million, indicating a growth of approximately 30.2%[12]. - Inventory increased to ¥2.46 billion from ¥2.00 billion, representing a growth of approximately 23.1%[12]. Research and Development - Research and development expenses rose by 29.09% to CNY 254,560,817.23, compared to CNY 197,190,058.60 in the same period last year, indicating a focus on innovation[7]. - The company incurred research and development expenses of ¥254,560,817.23, which is a 29.1% increase from ¥197,190,058.60 in the previous year[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,076, with no preferred shareholders having restored voting rights[8]. - The first lock-up period of the third employee stock ownership plan expired, allowing for the distribution of 5.04 million shares, which is 0.52% of the total share capital[10]. Contracts and Acquisitions - The company acquired a stake in Huzhou Jiuli Stainless Steel Materials Co., enhancing its industry chain and competitiveness, making it a subsidiary included in the consolidated financial statements[10]. - A supply contract for approximately 92 kilometers of pipeline steel with Abu Dhabi National Oil Company was signed, valued at approximately €592 million (around ¥4.6 billion), with a contract duration until September 2025[10]. - The company provided guarantees for its wholly-owned subsidiary's supply contract, with a total guarantee amount not exceeding ¥1.8 billion, which is 35% of the contract value[10].