Lianyungang Port(SH:601008)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 551,412,466.27, a decrease of 1.77% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY 42,437,260.81, down 21.51% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 30,934,374.09, a decline of 31.73% compared to the previous year[5]. - Total operating revenue for the first three quarters of 2023 was approximately ¥1.65 billion, a slight decrease of 0.08% compared to ¥1.65 billion in the same period of 2022[22]. - Net profit for the first three quarters of 2023 was approximately ¥193.17 million, an increase of 9.25% compared to ¥176.81 million in the same period of 2022[23]. - The net profit attributable to shareholders of the parent company for the first three quarters of 2023 was approximately ¥132.13 million, up 12.63% from ¥117.32 million in the same period of 2022[23]. - The total comprehensive income for the third quarter of 2023 was approximately ¥193.07 million, compared to ¥177.28 million in the same period of 2022[24]. - Operating profit for the first three quarters of 2023 was ¥50,253,370.95, up from ¥41,162,616.11 in the previous year, reflecting a growth of 22.5%[35]. - Net profit for the first three quarters of 2023 amounted to ¥48,848,554.23, compared to ¥41,029,812.87 in 2022, representing an increase of 19.1%[35]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 327,013,383.70, a significant decrease of 56.58%[6]. - Operating cash flow for the first three quarters of 2023 was RMB 327,013,384, a decrease of 56.6% compared to RMB 753,168,501 in the same period of 2022[27]. - Total cash inflow from operating activities was RMB 1,624,565,620, down 25.1% from RMB 2,167,579,054 in the previous year[27]. - Cash outflow from operating activities increased to RMB 1,297,552,236, compared to RMB 1,414,410,553 in 2022, reflecting a decrease of 8.3%[27]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 1,001,116,336.92, a decrease of 10% compared to CNY 1,112,096,268.85 in the same period of 2022[39]. - Net cash flow from operating activities decreased to CNY 51,278,832.38 in 2023 from CNY 153,412,079.49 in 2022, representing a decline of approximately 66.7%[39]. - Cash inflow from financing activities totaled RMB 1,756,450,000, a decrease of 16.9% from RMB 2,114,000,000 in the previous year[28]. - Net cash flow from financing activities improved to CNY 708,986,190.34 in 2023, up from CNY 340,607,831.78 in 2022, showing an increase of about 108.3%[40]. Assets and Liabilities - Total assets at the end of Q3 2023 amounted to CNY 9,658,744,208.42, reflecting an increase of 4.94% from the end of the previous year[6]. - Current assets reached CNY 3,584,765,391.67, up from CNY 3,129,308,997.89, indicating an increase of about 14.51%[16]. - Total liabilities increased to CNY 4,345,182,455.02, compared to CNY 3,477,836,704.18, indicating a rise of approximately 24.92%[17]. - Total liabilities as of the end of the third quarter of 2023 amounted to approximately ¥4.66 billion, an increase of 23.5% from ¥3.77 billion at the end of the same period in 2022[22]. - Total assets as of the end of Q3 2023 were ¥6,408,635,974.35, up from ¥5,549,743,206.37 at the end of Q3 2022, indicating a growth of 15.4%[33]. - Total current liabilities totaled ¥2,109,875,962.39 in Q3 2023, compared to ¥1,584,474,260.50 in Q3 2022, reflecting an increase of 33%[33]. - The total cash and cash equivalents at the end of Q3 2023 was CNY 326,448,275.15, down from CNY 644,120,444.30 at the end of Q3 2022, a decrease of approximately 49.3%[40]. Investments and Expenses - The company reported non-recurring gains of CNY 11,502,886.72 for the year-to-date period, down from CNY 29,837,959.63 in the previous year[10]. - The company reported a decrease in management expenses to approximately ¥133.56 million, down from ¥141.83 million in the same period of 2022[22]. - The company experienced a reduction in credit impairment losses, which were approximately -¥3.51 million, an improvement from -¥7.63 million in the same period of 2022[22]. - The company reported a significant increase in cash from other operating activities, rising to RMB 27,645,458 from RMB 488,461 in the previous year[27]. - The company reported a significant increase in accounts receivable, which rose to CNY 149,779,288.08 from CNY 110,424,867.64, a growth of approximately 35.67%[16]. - The company’s long-term equity investments increased to CNY 798,706,531.00 from CNY 759,176,878.90, reflecting a growth of about 5.19%[16]. - The company reported a total of CNY 2,132,464,042.88 in capital reserves, indicating a stable capital structure[49]. - The company’s retained earnings were CNY 652,207,158.86, reflecting a solid profit retention strategy[44]. Strategic Developments - The company has not reported any significant new strategies or product developments during the quarter[14]. - The company executed a change in accounting policy effective January 1, 2023, in accordance with the new accounting standards issued by the Ministry of Finance[41].