Shanghai Yashi(603329)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥620,803,327.32, a decrease of 12.80% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was -¥38,937,054.29, representing a decline of 211.78% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥44,467,015.13, down 222.08% from the previous year[4] - For the year-to-date period, the operating revenue reached ¥2,493,188,990.45, an increase of 48.14% compared to the same period last year[4] - The company reported a net profit attributable to shareholders of ¥139,159,290.15 for the year-to-date period, an increase of 30.36% year-on-year[4] - The basic and diluted earnings per share for Q3 2022 were both -¥0.25, a decrease of 213.64% compared to the same period last year[5] - Net profit for the third quarter of 2022 was ¥143,532,304.06, representing a 34.1% increase from ¥107,009,866.12 in Q3 2021[23] - Earnings per share for Q3 2022 was ¥0.88, compared to ¥0.71 in Q3 2021, reflecting a growth of 23.9%[24] Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥73,023,476.91 for the year-to-date period[4] - The company reported a net cash inflow from operating activities of ¥2,901,536,753.86 for the first three quarters of 2022, compared to ¥2,074,181,807.25 in the same period of 2021[26] - The company’s cash and cash equivalents were reported at RMB 265.48 million, down from RMB 401.48 million[17] - The cash and cash equivalents at the end of the period totaled 256.60 million year-over-year[27] - The initial cash and cash equivalents balance was 234.74 million last year[27] Liabilities and Equity - Total liabilities decreased to ¥735,983,613.12 in Q3 2022 from ¥887,922,269.69 in Q3 2021, indicating a reduction of 17.1%[20] - Total equity attributable to shareholders increased to ¥1,122,065,604.36 in Q3 2022, up from ¥1,030,832,187.16 in Q3 2021, marking an increase of 8.9%[20] - Current liabilities decreased to RMB 360.54 million from RMB 553.97 million year-over-year[19] - Long-term borrowings increased to RMB 270.94 million from RMB 241.82 million year-over-year[19] Inventory and Costs - The company recognized an inventory impairment provision of RMB 77.43 million due to a significant drop in sulfur prices, impacting net profit by RMB 58.08 million after tax considerations[14] - Total operating costs for the first three quarters of 2022 were ¥2,251,138,871.14, up 45.3% from ¥1,549,785,762.15 in the previous year[22] Shareholder Information - The company reported a total of 16,769 common shares outstanding at the end of the reporting period[12] - The largest shareholder, Jiangsu Yashi Investment Group, holds 71,408,131 shares, representing 44.98% of total shares[12] Market Conditions - The company attributed the decline in Q3 revenue to a significant drop in the price of sulfur, a key raw material for phosphate fertilizers[9] - The company will continue to monitor sulfur price fluctuations and will disclose relevant information as per regulations[14] Accounting and Standards - The company did not apply new accounting standards or interpretations for the first time in 2022[27]