Kewell(688551)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥135,173,330.50, representing a year-over-year increase of 34.99%[4] - Net profit attributable to shareholders decreased by 16.11% to ¥25,165,662.53 for the quarter, while year-to-date net profit increased by 66.46% to ¥75,334,466.79[4] - The basic earnings per share for Q3 2023 was ¥0.32, down 13.51% compared to the same period last year, while year-to-date earnings per share increased by 67.86% to ¥0.94[5] - Total operating revenue for the first three quarters of 2023 reached ¥355,001,790.37, a significant increase of 40.1% compared to ¥253,364,096.85 in the same period of 2022[19] - Net profit for Q3 2023 was ¥44,288,265.62, down 40.5% from ¥74,383,368.92 in Q3 2022[21] - Earnings per share (EPS) for Q3 2023 was ¥0.56, compared to ¥0.94 in Q3 2022, indicating a decline of 40.4%[22] - The total comprehensive income attributable to shareholders for Q3 2023 was ¥45,256,627.91, a decrease of 40.0% from ¥75,381,604.39 in Q3 2022[22] Research and Development - Research and development expenses totaled ¥23,160,008.41 for the quarter, an increase of 32.74%, accounting for 17.13% of revenue[5] - The company plans to continue increasing its investment in research and development to enhance product offerings and maintain competitive advantage[9] - Research and development expenses for Q3 2023 were ¥51,935,571.23, down from ¥62,351,371.98 in Q3 2022, a decrease of 16.7%[20] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥16,508,982.96 for the quarter, with significant sales growth contributing to increased cash inflows[9] - Cash inflow from operating activities for the first three quarters of 2023 was ¥363,083,477.79, an increase of 41.3% from ¥257,008,709.11 in the same period of 2022[24] - The net cash flow from operating activities for Q3 2023 was $11,077,975.98, a significant improvement compared to a net outflow of $33,674,913.72 in Q3 2022[25] - Total cash and cash equivalents at the end of Q3 2023 reached $614,794,461.78, up from $497,918,972.25 at the end of Q3 2022[26] - Cash outflow from investing activities totaled $179,087,805.65 in Q3 2023, compared to $479,317,100.80 in Q3 2022, indicating a reduction in investment spending[25] - The net cash flow from investing activities for Q3 2023 was $113,948,600.41, down from $157,793,388.32 in Q3 2022[25] - Cash outflow from financing activities was $63,420,417.67 in Q3 2023, significantly higher than $23,094,736.07 in Q3 2022[25] - The net cash flow from financing activities for Q3 2023 was -$29,329,010.17, contrasting with a positive net flow of $11,568,353.46 in Q3 2022[25] Assets and Liabilities - Total assets as of the end of the reporting period were ¥1,454,666,387.61, reflecting a 6.98% increase from the end of the previous year[5] - As of September 30, 2023, total current assets amounted to RMB 1,225,972,035.89, an increase from RMB 1,172,079,147.28 at the end of 2022, reflecting a growth of approximately 4.8%[15] - The company's cash and cash equivalents reached RMB 666,450,344.24, up from RMB 568,821,634.52, indicating a growth of about 17.2% year-over-year[15] - Accounts receivable increased to RMB 240,876,870.85 from RMB 168,709,173.77, representing a significant rise of approximately 42.7%[15] - Inventory levels rose to RMB 215,062,417.47, compared to RMB 172,311,316.81, marking an increase of around 24.7%[15] - Current liabilities totaled RMB 356,389,646.30, an increase from RMB 316,058,266.84, indicating a rise of approximately 12.7%[16] - The company reported a short-term loan of RMB 33,020,833.33, which increased from RMB 30,012,500.01, showing a growth of about 10%[16] - The company's total liabilities increased to ¥374,396,619.12 in Q3 2023 from ¥329,696,479.03 in Q3 2022, marking a rise of 13.5%[20] - The total equity attributable to shareholders reached ¥1,079,879,406.53 in Q3 2023, up from ¥1,028,764,099.93 in Q3 2022, reflecting a growth of 5.0%[20] Market and Strategic Initiatives - The company attributed the revenue growth to favorable conditions in the photovoltaic and energy storage industries, as well as increased sales in the hydrogen energy sector[9] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[14] - The net profit excluding non-recurring gains and losses for the year-to-date period increased by 125.09% to ¥67,006,089.41, driven by improved operational efficiency[9]