BAOMING TECH(002992)2024-04-28 08:21Financial Performance - The company's operating revenue for Q3 2023 was CNY 340,671,991.10, representing a 54.67% increase compared to the same period last year[15] - The net profit attributable to shareholders for Q3 2023 was a loss of CNY 37,862,610.93, a decrease of 17.52% year-on-year[15] - The company's main business income for the period was CNY 837,830,751.30, up 23.17% from CNY 680,230,738.15 in the same period last year[19] - The net profit for the current period is -116.05 million in the previous period, representing a decrease of approximately 14.3%[31] - The basic and diluted earnings per share for the current period are both -0.65 in the previous period[31] - Operating profit for Q3 2023 was reported at -¥99,769,317.55, an improvement from -¥112,698,859.13 in the same period last year[57] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to CNY 2,586,592,171.16, reflecting a 24.85% increase from the end of the previous year[15] - The total liabilities of the company amounted to 1,729,795,425.56 RMB, with total equity of 856,796,745.60 RMB as of the latest report[28] - The company's short-term borrowings rose by 175.71% to CNY 297,396,454.32, primarily due to increased working capital loans[9] - The company's accounts payable rose to 459,922,043.17 RMB compared to 386,945,385.98 RMB in the previous period[28] - As of September 30, 2023, the company's total current assets amount to approximately CNY 1.32 billion, an increase from CNY 911.94 million at the beginning of the year, representing a growth of 45.3%[49] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 91,976,191.92, a significant decrease of 1,415.88% compared to the previous year[15] - Cash flow from operating activities shows a net outflow of -6.99 million in the previous period[39] - Cash flow from financing activities increased to 64.45 million in the previous period, primarily due to increased bank borrowings[39] - The total cash outflow for operating activities is 902.86 million in the previous period[33] Inventory and Expenses - The company's inventory increased by 108.26% to CNY 153,136,277.48, attributed to an increase in orders and material reserves[9] - The company experienced a 31.88% increase in management expenses, totaling CNY 56,171,455.97, mainly due to increased depreciation and share-based payment expenses[19] - The company reported a decrease in other income by 34.88% to CNY 4,682,697.93, primarily due to a reduction in government subsidies related to daily operations[19] - Research and development expenses for the quarter were ¥54,527,227.33, an increase of 14.5% compared to ¥47,557,137.86 in the previous year[57] Strategic Initiatives - The company is focusing on market expansion and new product development as part of its strategic initiatives[22] - The company has established a new wholly-owned subsidiary, Anhui Baoming New Materials Technology Co., Ltd., to develop a copper foil production base in Ma'anshan City[43] - The company signed an investment construction contract for the new composite copper foil production base project with the Ma'anshan Ningma Provincial New Functional Zone Management Committee on February 2, 2023[22] - The company has signed a project construction contract for the copper foil production base, furthering its expansion strategy[44] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,543, with the top ten shareholders holding significant stakes[41] - Shenzhen Baoming Investment Co., Ltd. holds 29.89% of shares, while individual shareholder Li Jun holds 11.62%[41]