ZYSC(600280)2023-10-19 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥565,246,092.25, a decrease of 15.39% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥771,206.50, representing a decline of 108.78% year-on-year[4]. - The cash flow from operating activities was ¥54,297,014.04, down 45.71% from the previous year[4]. - Basic earnings per share for the quarter were -¥0.001, a decrease of 112.50% compared to the same period last year[5]. - The net profit for the year-to-date period decreased by 38.75%, attributed to reduced revenue from the real estate sector and decreased government subsidies[8]. - The net profit attributable to shareholders decreased by 48.87% year-on-year for the first three quarters of 2023, primarily due to reduced revenue from the real estate sector and decreased government subsidies[9]. - The net profit attributable to shareholders for Q3 2023 decreased by 108.78%, mainly due to reduced revenue from the real estate sector and increased non-operating expenses[10]. - The total comprehensive income attributable to the parent company's shareholders was ¥6,995,514.43, down from ¥13,682,798.28 in the previous year[21]. - Net profit for the first three quarters of 2023 was ¥5,973,764.12, down 38.36% from ¥9,753,659.56 in 2022[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥12,016,620,037.11, a decrease of 1.79% from the end of the previous year[5]. - As of September 30, 2023, total assets amounted to CNY 12,016,620,037.11, a decrease from CNY 12,235,892,212.67 at the end of 2022, reflecting a decline of approximately 1.8%[15]. - Total liabilities were reported at CNY 11,058,692,249.93, down from CNY 11,283,942,774.80, indicating a reduction of around 2.0%[17]. - Total assets decreased from ¥10,249,891,635.65 as of December 31, 2022, to ¥9,259,022,816.68 as of September 30, 2023, representing a decline of approximately 9.7%[28]. - Current assets decreased from ¥6,710,790,253.54 to ¥5,745,268,367.10, a reduction of about 14.4%[28]. - Total liabilities decreased from ¥8,008,212,997.69 to ¥6,936,944,521.68, a decline of approximately 13.4%[28]. - Current liabilities decreased from ¥7,592,032,590.65 to ¥6,512,480,479.05, a reduction of about 14.2%[28]. Cash Flow - The net cash flow from operating activities decreased by 45.71% in Q3 2023, primarily due to reduced sales collections compared to the same period last year[9]. - Cash flow from operating activities generated a net amount of ¥343,514,115.63, an increase of 11.81% compared to ¥307,261,789.58 in 2022[24]. - Cash inflow from operating activities totaled approximately ¥1.98 billion in the first three quarters of 2023, compared to ¥1.97 billion in the same period of 2022, indicating a slight increase of about 0.6%[32]. - Cash outflow from operating activities decreased to approximately ¥1.84 billion in the first three quarters of 2023, down from ¥1.91 billion in 2022, a reduction of about 3.5%[32]. - Cash flow from financing activities showed a net outflow of approximately ¥125.29 million in Q3 2023, compared to a net outflow of ¥65.22 million in Q3 2022, indicating a worsening cash position[33]. - The company received approximately ¥1.43 billion in cash from financing activities in the first three quarters of 2023, slightly down from ¥1.51 billion in the same period of 2022, a decrease of about 4.4%[32]. - The company paid approximately ¥1.45 billion in cash to repay debts in the first three quarters of 2023, compared to ¥1.46 billion in the same period of 2022, a marginal decrease of about 0.1%[32]. Research and Development - Research and development expenses increased by 100.00% year-to-date, primarily due to the production launch of a subsidiary[8]. - Research and development expenses increased by 100.00% in Q3 2023, mainly due to the production launch of Anhui Zhongshang Central Kitchen Food Co., Ltd.[9]. - Research and development expenses were recorded at ¥63,072.99, indicating a new investment in innovation[20]. Other Income and Expenses - Other income decreased by 36.48% year-to-date, mainly due to a reduction in government subsidies received[8]. - Other income rose by 82.08% in Q3 2023, attributed to increased government subsidies compared to the same period last year[9]. - The company reported a 171.12% increase in non-operating expenses year-to-date, primarily due to increased penalties related to property delivery defaults[8]. - The company experienced a 33.79% increase in credit impairment losses year-to-date, mainly due to the recovery of receivables[8]. - Investment income decreased by 43.17% in Q3 2023, primarily due to a decline in net profit from the joint venture Changjiang Risheng Investment Co., Ltd.[9]. - The company reported a net cash outflow from investment activities of approximately ¥27.64 million in Q3 2023, compared to a net outflow of ¥15.77 million in Q3 2022, indicating an increase in investment expenditures[32].