XINHU ZHONGBAO(600208)2023-10-30 16:00Revenue and Profit Performance - Revenue for the third quarter of 2023 was RMB 885,413,210.94, a decrease of 45.31% compared to the same period last year[3] - Net profit attributable to shareholders of the listed company for the third quarter of 2023 was RMB 342,248,953.97, a decrease of 31.00% compared to the same period last year[3] - Total revenue for the first three quarters of 2023 was 3.72 billion RMB, a decrease of 44.3% compared to 6.68 billion RMB in the same period of 2022[14] - Net profit for the first three quarters of 2023 was 1.93 billion RMB, an increase of 22.9% compared to 1.57 billion RMB in the same period of 2022[16] - Revenue for the first three quarters of 2023 was 9,478,707.19 yuan, a significant decrease from 1,170,313,417.21 yuan in the same period of 2022[23] - Operating profit for the first three quarters of 2023 was 598,410,506.92 yuan, down from 691,396,895.77 yuan in the same period of 2022[25] - Net profit for the first three quarters of 2023 was 601,665,593.45 yuan, compared to 691,045,179.91 yuan in the same period of 2022[25] Cash Flow and Operating Activities - Net cash flow from operating activities for the third quarter of 2023 was RMB -1,664,407,549.53, a decrease of 148.66% compared to the same period last year[3] - The decrease in cash flow from operating activities was mainly due to fewer real estate sales projects compared to the same period last year[7] - Operating cash flow for the first three quarters of 2023 was -4.181 billion RMB, a significant decrease compared to 3.895 billion RMB in the same period of 2022[18] - Cash flow from operating activities was -1,056,709,413.55 yuan in the first three quarters of 2023, compared to 258,563,804.73 yuan in the same period of 2022[27] Assets and Liabilities - Total assets as of the end of the third quarter of 2023 were RMB 125,163,270,639.60, an increase of 0.54% compared to the end of the previous year[4] - Equity attributable to shareholders of the listed company as of the end of the third quarter of 2023 was RMB 43,471,833,934.87, an increase of 5.62% compared to the end of the previous year[4] - Total assets as of September 30, 2023, amount to RMB 125,163,270,639.60, compared to RMB 124,497,106,406.51 at the end of 2022[12] - Total liabilities as of Q3 2023 were 80.35 billion RMB, a decrease of 2.6% compared to 82.53 billion RMB at the end of 2022[14] - Total equity as of Q3 2023 was 44.82 billion RMB, an increase of 6.8% compared to 41.97 billion RMB at the end of 2022[14] - Total assets as of September 30, 2023, were 40.314 billion RMB, up from 36.488 billion RMB at the end of 2022[21] - Current liabilities as of September 30, 2023, were 14.880 billion RMB, an increase from 13.411 billion RMB at the end of 2022[21] - Total liabilities increased to 18,671,440,428.91 yuan in Q3 2023, up from 16,529,008,544.66 yuan in the previous period[22] - Total owner's equity rose to 21,642,347,206.41 yuan in Q3 2023, compared to 19,959,200,464.41 yuan in the previous period[22] Investment and Financing Activities - Investment income for the first three quarters of 2023 was 3.17 billion RMB, an increase of 52.7% compared to 2.08 billion RMB in the same period of 2022[16] - Investment cash flow for the first three quarters of 2023 was 4.049 billion RMB, an increase from 2.160 billion RMB in the same period of 2022[19] - Financing cash flow for the first three quarters of 2023 was -2.792 billion RMB, an improvement from -10.212 billion RMB in the same period of 2022[19] - Cash flow from investing activities was -1,024,784,668.77 yuan in the first three quarters of 2023, compared to 2,767,292,205.15 yuan in the same period of 2022[27] - Net cash flow from financing activities increased to 2,122,359,130.73, compared to -3,146,551,359.53 in the previous period[28] - Cash inflows from financing activities totaled 13,477,182,294.04, with 5,142,122,408.00 from borrowings and 8,335,059,886.04 from other financing-related activities[28] - Cash outflows from financing activities amounted to 11,354,823,163.31, including 2,629,245,000.00 for debt repayment and 601,434,437.89 for dividends and interest payments[28] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 110,626[8] - Zhejiang Xinhu Group Co., Ltd. holds 1,872,245,870 shares, representing 22.00% of the total shares[8] - Huang Wei holds 1,449,967,233 shares, representing 17.04% of the total shares[8] - Quzhou Xin'an Caitong Intelligent Manufacturing Equity Investment Partnership holds 859,934,300 shares, representing 10.11% of the total shares[8] Financial Expenses and Income - Financial expenses for the first three quarters of 2023 were 1.15 billion RMB, an increase of 14.3% compared to 1.00 billion RMB in the same period of 2022[16] - Interest income for the first three quarters of 2023 was 74.11 million RMB, a decrease of 15.6% compared to 87.81 million RMB in the same period of 2022[16] Comprehensive Income and Earnings - Total comprehensive income for the first three quarters of 2023 was 2.09 billion RMB, an increase of 148.0% compared to 841.76 million RMB in the same period of 2022[17] - Basic earnings per share for the first three quarters of 2023 were 0.230 RMB, an increase of 21.1% compared to 0.190 RMB in the same period of 2022[17] - Total comprehensive income for the first three quarters of 2023 was 1,567,397,371.23 yuan, up from 908,353,297.39 yuan in the same period of 2022[26] Cash and Cash Equivalents - Monetary funds as of September 30, 2023, amount to RMB 6,848,794,480.66, a decrease from RMB 9,510,469,394.48 at the end of 2022[12] - Net increase in cash and cash equivalents was 40,865,048.41, a significant improvement from -120,695,349.65 in the previous period[28] - Ending cash and cash equivalents balance stood at 1,016,350,551.96, compared to 2,657,630,731.87 in the prior period[28] - Monetary funds as of September 30, 2023, were 3.138 billion RMB, up from 2.646 billion RMB at the end of 2022[20] Non-Recurring Items - Non-recurring gains and losses for the third quarter of 2023 amounted to RMB -221,123,433.82[6] - The increase in non-recurring net profit was mainly due to an increase in equity method investment income[7] Operating Costs and Sales - Total operating costs for the first three quarters of 2023 were 4.73 billion RMB, a decrease of 29.8% compared to 6.74 billion RMB in the same period of 2022[16] - Sales revenue from goods and services for the first three quarters of 2023 was 3.869 billion RMB, a sharp decline from 12.907 billion RMB in the same period of 2022[18] Long-Term Investments and Receivables - Long-term equity investments as of September 30, 2023, amount to RMB 39,397,226,289.48, up from RMB 38,184,816,304.46 at the end of 2022[12] - Long-term equity investments as of September 30, 2023, were 12.610 billion RMB, up from 11.443 billion RMB at the end of 2022[21] - Other receivables as of September 30, 2023, were 14.625 billion RMB, an increase from 13.215 billion RMB at the end of 2022[20] Short-Term Borrowings and Current Liabilities - Short-term borrowings as of September 30, 2023, amount to RMB 6,210,394,951.66, up from RMB 4,389,738,459.72 at the end of 2022[13] - Total current liabilities as of September 30, 2023, amount to RMB 59,573,381,045.13, down from RMB 61,321,530,256.56 at the end of 2022[13] - Short-term borrowings as of September 30, 2023, were 4.197 billion RMB, a significant increase from 2.513 billion RMB at the end of 2022[21] Current Assets and Liabilities - Total current assets as of September 30, 2023, amount to RMB 69,658,251,249.24, slightly down from RMB 70,319,552,606.69 at the end of 2022[12] - Current liabilities as of September 30, 2023, were 14.880 billion RMB, an increase from 13.411 billion RMB at the end of 2022[21]