WINNERWAY(000573)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥97,550,131.76, a decrease of 76.17% compared to the same period last year[5] - The net profit attributable to shareholders was -¥71,455,232.80, representing a decline of 335.93% year-on-year[5] - The basic earnings per share for the period was -¥0.1119, down 335.58% from the previous year[5] - Total operating revenue for the first nine months of 2023 was CNY 272,077,292.52, a decrease of 64.19% compared to CNY 759,864,320.01 in the same period of 2022[10] - Operating profit for the first nine months of 2023 was CNY -35,273,293.89, a decline of 181.77% from CNY 43,138,781.69 in the previous year[10] - Net profit for the first nine months of 2023 was CNY -71,968,298.16, representing a decrease of 273.53% compared to CNY 41,473,071.21 in 2022[10] - The net profit for Q3 2023 was -71,968,298.16 CNY, compared to a net profit of 41,473,071.21 CNY in Q3 2022, indicating a significant decline[40] - Operating profit for Q3 2023 was -35,273,293.89 CNY, down from 43,138,781.69 CNY in the same period last year[40] - The company reported a basic and diluted earnings per share of -0.1070, down from 0.0729 in the previous year[41] - Total comprehensive income for Q3 2023 was -71,866,298.16 CNY, compared to 41,412,821.21 CNY in Q3 2022[41] Cash Flow and Assets - The company's cash flow from operating activities showed a net outflow of -¥291,709,031.68, a decline of 154.41% compared to the same period last year[5] - Cash flow from investment activities showed a net inflow of CNY 189,313,274.77, a significant increase of 919.88% from CNY -23,090,351.04 in the previous year[10] - Cash flow from financing activities showed a net outflow of CNY 22,423,212.79, a decrease of 34.57% compared to CNY -34,270,929.57 in the same period of 2022[10] - As of September 30, 2023, the company's cash and cash equivalents amounted to approximately 219.79 million yuan, a decrease from 339.05 million yuan at the beginning of the year[35] - The cash and cash equivalents at the end of the period stood at 182,940,175.78 CNY, down from 253,599,498.26 CNY at the end of Q3 2022[43] Liabilities and Equity - Total assets as of September 30, 2023, amounted to ¥2,409,927,992.03, a decrease of 5.89% from the end of the previous year[5] - The company’s total liabilities increased by 57.76% with long-term borrowings reaching ¥134,100,000.00[9] - Total liabilities amounted to CNY 887,445,132.95, down from CNY 915,837,168.37, indicating a reduction of about 3.0%[37] - Total equity attributable to shareholders decreased to CNY 1,535,643,349.56 from CNY 1,654,927,683.96, reflecting a decline of approximately 7.2%[37] Tax and Expenses - The company reported a 138.59% increase in other current assets, totaling ¥23,076,732.78, mainly due to increased deductible input tax[9] - The company experienced a 423.30% increase in taxes paid, amounting to ¥239,531,031.93, primarily due to land value tax payments[9] - The company recorded a 148.06% increase in taxes and surcharges, totaling CNY 39,254,354.63, primarily due to increased land value tax for the Diting Mountain project[10] - The company incurred financial expenses of 6,139,868.04 CNY, down from 9,341,990.74 CNY in the same quarter last year[40] - Research and development expenses were reported as CNY 1,113,087.49, a 100% decrease due to no expenditures in this area during the period[10] Shareholder Information - The total number of common shareholders at the end of the reporting period is 55,378[12] - Guangdong Hongyuan Group Co., Ltd. holds 19.95% of shares, totaling 127,359,707 shares, with 101,820,000 shares pledged[12] - Dongguan Zhenxing Industrial Development Co., Ltd. holds 3.10% of shares, totaling 19,780,079 shares[12] - The top ten shareholders do not have any related party relationships among them[13] Legal and Operational Developments - The company has ongoing litigation related to the Kongjiagou Coal Mine, with a claim for 9.5 million RMB in prepayment owed[18] - The company has initiated enforcement actions to recover a contract breach penalty of 3 million RMB from previous litigation[15] - The company has no significant impact on current or future profits from the litigation outcomes[15] - The company established Guizhou Hongtu Xinye Mining Co., Ltd. on July 3, 2023, to manage the mining rights of the Walnut Ping Coal Mine, transitioning it to an independent legal entity[21] - Construction of a new 450,000-ton mine at Walnut Ping Coal Mine commenced on October 24, 2023, with an estimated completion time of 2 to 3 years[21] - The company is pursuing legal action against Liu Xiangyang for unpaid transfer fees totaling 29 million yuan, plus interest and penalties[22][23] Investment Activities - The company invested 10 million yuan in Dongguan Wan Heng Real Estate, acquiring a 10% stake, and increased its investment to 34.5 million yuan in June 2023, maintaining the same ownership percentage[31] - The company agreed to transfer 70% of Guizhou Hongtai Mining Co., Ltd. for 261.446 million yuan, contingent upon acquiring land use rights within five months[32] - As of September 2023, the company received the second installment of 93 million yuan from the transfer agreement, with the total receivable amounting to 131 million yuan[33] Inventory and Current Assets - Inventory increased to CNY 853,896,381.67 from CNY 790,761,291.77, reflecting a rise of approximately 7.9%[36] - Current assets totaled CNY 1,159,077,229.90, a decrease from CNY 1,235,036,210.79, showing a decline of about 6.1%[36] - Non-current assets decreased to CNY 1,250,850,762.13 from CNY 1,325,590,164.04, representing a decline of approximately 5.6%[36] - Accounts receivable increased to 28.1 million yuan as of September 30, 2023, compared to 26.65 million yuan at the beginning of the year[35] - Prepayments decreased to 6.69 million yuan as of September 30, 2023, from 14.46 million yuan at the beginning of the year[35]