Shanghai Chemspec Corporation(688602)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥269,423,841.86, a decrease of 23.01% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥37,749,169.84, down 18.04% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,633,106.17, a significant decline of 75.09% compared to the previous year[5] - The basic earnings per share for Q3 2023 was ¥0.08, reflecting a decrease of 30.72% from the same period last year[6] - Net profit for Q3 2023 was ¥113,255,035.94, down from ¥143,214,302.66 in Q3 2022, reflecting a decline of approximately 20.9%[22] - Earnings per share for Q3 2023 was ¥0.25, compared to ¥0.46 in Q3 2022, indicating a decrease of about 45.7%[23] - The company reported a total comprehensive income of ¥111,867,401.03 for Q3 2023, down from ¥146,490,906.01 in Q3 2022, a decrease of approximately 23.6%[23] Assets and Liabilities - The total assets at the end of Q3 2023 reached ¥3,343,391,843.32, an increase of 31.73% compared to the end of the previous year[6] - The equity attributable to shareholders increased by 50.89% year-over-year, amounting to ¥2,766,403,661.19[6] - Total liabilities as of Q3 2023 amounted to ¥561,884,292.93, a decrease from ¥691,963,516.26 in the previous year[21] - The company's total current liabilities decreased to CNY 445,872,720.70 from CNY 634,106,198.85, a reduction of about 29.7%[18] - The company's non-current assets totaled CNY 1,313,382,625.04, slightly up from CNY 1,307,323,707.58, showing a marginal increase of about 0.5%[18] Cash Flow - The cash flow from operating activities showed a significant decline of 56.20%, totaling ¥48,166,018.02[6] - Cash inflow from operating activities for the first three quarters of 2023 was ¥675,079,193.31, down from ¥856,008,092.24 in the same period of 2022, a decline of about 21.1%[25] - The net cash flow from operating activities for Q3 2023 was 109,959,157.84 in Q3 2022[26] - The total cash outflow from investing activities was 910,438,966.21 in the previous year, resulting in a net cash flow from investing activities of -996,188,475.00, significantly higher than 796,928,542.37[26] - The company reported a total cash outflow from operating activities of 746,048,934.40 in the same quarter last year[26] Investments and R&D - Research and development expenses for Q3 2023 were ¥23,517,767.82, a slight decrease of 2.98% compared to the same period last year[6] - Research and development expenses for Q3 2023 were ¥65,622,737.35, slightly up from ¥65,167,686.70 in Q3 2022, indicating a marginal increase of about 0.7%[21] - The company has made investments in new technologies and products, although specific details were not provided in the documents[16] Market and Future Outlook - The company attributed the decline in revenue and gross profit to weak demand in the consumer electronics sector and regulatory adjustments in the new energy vehicle industry[11] - Future outlook includes potential market expansion and strategic partnerships, but specific numerical guidance was not disclosed in the available reports[16] Inventory and Receivables - Accounts receivable rose to CNY 221,334,399.49 from CNY 153,083,022.27, representing a growth of approximately 44.6%[17] - The company's inventory decreased to CNY 446,216,726.26 from CNY 527,051,756.35, a decline of approximately 15.4%[17]