广信股份(603599) - 2023 Q3 - 季度财报

Financial Performance - Basic earnings per share (EPS) decreased by 50.75% to CNY 0.33 compared to the previous year, while diluted EPS also decreased by 50.75% to CNY 0.33[3] - Net profit for the period was CNY 1,338,489,668.20, a decrease of 29.1% from CNY 1,886,368,803.69 in the previous year[12] - Operating profit decreased to CNY 1,532,240,030.61, down by 30.8% from CNY 2,213,391,788.82 in the previous year[12] - The company's operating revenue for Q3 2023 was CNY 1,318,968,863.28, a decrease of 37.57% compared to the same period last year[32] - The net profit attributable to shareholders for Q3 2023 was CNY 300,527,810.55, down 50.49% year-over-year[32] - Total operating revenue for the first three quarters of 2023 was approximately RMB 5.09 billion, a decrease of 23.0% compared to RMB 6.62 billion in the same period of 2022[39] - Revenue for the reporting period decreased by 37.57% due to a decline in sales prices and volume of main products[49] - Net profit attributable to shareholders decreased by 50.49%, primarily due to a drop in market prices of key products[49] - Net profit excluding non-recurring gains and losses decreased by 52.36%, reflecting weakened profitability and reduced sales volume[49] Assets and Liabilities - Total assets increased by 7.43% to CNY 14,880,520,390.84 from CNY 13,851,514,331.14 at the end of the previous year[3] - The company reported a net asset value attributable to shareholders of CNY 9,362,764,287.14, an increase of 7.89% from CNY 8,678,212,706.53[3] - Total current assets as of September 30, 2023, amounted to CNY 11,629,160,772.64, an increase from CNY 10,375,803,010.28 at the end of 2022[24] - The total assets of the company reached CNY 14,880,520,390.84 as of September 30, 2023, compared to CNY 13,851,514,331.14 at the end of 2022[38] - Total liabilities increased to approximately 5.37 billion, up from 5.04 billion in the previous period[53] - Total equity attributable to shareholders increased to approximately 9.36 billion, compared to 8.68 billion previously[53] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 1,224,764,481.31, reflecting a decline of 43.82% compared to the previous year[32] - Net cash flow from operating activities for the first three quarters of 2023 was approximately RMB 1.22 billion, a decline of 43.9% compared to RMB 2.18 billion in the same period of 2022[42] - Net cash flow from operating activities decreased by 43.82% due to a decline in sales revenue and cash inflow[49] - Cash outflow for operating activities totaled approximately RMB 2.82 billion, an increase of 7.2% from RMB 2.63 billion in the same period of 2022[42] Income and Expenses - Interest income increased to CNY 65,944,493.40, up from CNY 56,655,338.47 in the previous year[12] - Other income rose to CNY 30,837,171.83, compared to CNY 16,782,777.05 in the previous year[12] - Investment income decreased significantly to CNY 19,726,581.76 from CNY 69,077,069.55 in the previous year[12] - Research and development expenses for the first three quarters of 2023 were approximately RMB 238.34 million, a decrease of 25.0% from RMB 316.98 million in the same period of 2022[39] - Tax expenses increased to approximately RMB 30.15 million in 2023 from RMB 22.49 million in 2022, representing an increase of 34.5%[39] - The company reported a financial expense of approximately RMB -122.01 million, compared to RMB -116.24 million in the same period of 2022[39] Shareholder Information - The number of common shareholders at the end of the reporting period was 14,106[49] - The largest shareholder, Anhui Guangxin Group Co., Ltd., holds 38.58% of the shares[49] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[22] - The company's inventory decreased to CNY 942,260,720.64 from CNY 1,175,538,719.86 year-over-year[24] - The total non-current assets as of September 30, 2023, were CNY 3,251,359,618.20, down from CNY 3,475,711,320.86 at the end of 2022[38] - The company's short-term borrowings increased to CNY 2,187,700,000.00 from CNY 1,239,018,875.99 year-over-year[38] - The company reported a decrease in the net cash received from sales of goods and services to CNY 3,926,977,569.32 for the first three quarters of 2023, down from CNY 4,700,893,563.89 in the same period of 2022[28] - Total operating costs decreased to approximately RMB 3.70 billion, down 17.9% from RMB 4.51 billion year-over-year[39] - The company received approximately RMB 91.44 million in cash related to operating activities, an increase of 17.0% compared to RMB 78.09 million in the same period of 2022[42] - The company’s total assets increased to approximately RMB 6.82 billion in cash inflows from investment activities, up from RMB 6.42 billion in the same period of 2022[42]