Financial Performance - Operating revenue for Q3 2023 was approximately CNY 4.81 billion, a decrease of 16.72% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2023 was CNY 103.62 million, down 89.91% year-on-year[2]. - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was CNY 90.90 million, a decline of 91.18% compared to the previous year[2]. - Basic earnings per share for Q3 2023 was CNY 0.0076, a drop of 90.39% year-on-year[2]. - Total operating revenue for the first three quarters of 2023 was CNY 10,566,710,243.46, a decrease of 44.8% compared to CNY 19,004,388,406.91 in the same period of 2022[17]. - Net profit for the first three quarters of 2023 was CNY 1,204,454,962.74, down 67.6% from CNY 3,717,940,295.44 in 2022[18]. - Operating profit for the first three quarters of 2023 was CNY 1,463,684,059.79, a decline of 68.2% from CNY 4,588,247,580.37 in 2022[18]. - Basic earnings per share for the first three quarters of 2023 were CNY 0.0890, compared to CNY 0.2782 in the same period of 2022[19]. Cash Flow and Assets - Cash flow from operating activities for the year-to-date period decreased by 34.41% to CNY 5.32 billion[2]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 12,293,955,777.22, a decrease from CNY 23,077,072,137.54 in 2022[26]. - The company's cash and cash equivalents decreased to 9,870,073,422.02 RMB from 15,561,003,130.90 RMB, reflecting a decline of 36.3%[12]. - Total assets at the end of Q3 2023 were CNY 120.80 billion, a decrease of 5.73% from the end of the previous year[3]. - The company's total assets as of September 30, 2023, were approximately ¥69.77 billion, a slight increase from ¥69.47 billion at the end of 2022[32]. - Total current assets as of September 30, 2023, amounted to approximately ¥9.29 billion, an increase of 16.9% from ¥7.94 billion at the end of 2022[29]. - The company's retained earnings decreased to approximately ¥2.15 billion as of September 30, 2023, down from ¥2.55 billion at the end of 2022, reflecting a decline of 15.7%[33]. Shareholder Information - Shareholders' equity attributable to shareholders at the end of Q3 2023 was CNY 29.01 billion, an increase of 0.40% compared to the previous year[3]. - The total number of ordinary shareholders at the end of the reporting period was 290,556[6]. - China Shipping Group Co., Ltd. directly holds 4,628,015,690 shares of COSCO Shipping Development A-shares, accounting for 34.09% of the total share capital[8]. - The total shares held by major shareholders, including China Shipping Group and its affiliates, amount to 6,123,503,998 shares, representing 45.11% of the total share capital[9]. Market Conditions - The decline in operating revenue and net profit was primarily due to a slowdown in container market demand[5]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36]. - Investors are advised to exercise caution regarding market risks when trading company shares[39]. Expenses and Liabilities - Total liabilities decreased to 91,797,046,946.77 RMB from 99,254,102,790.94 RMB, a reduction of 7.4%[15]. - The company reported a significant increase in financial expenses, totaling CNY 2,375,084,110.11 in 2023 compared to CNY 18,149,048.39 in 2022[17]. - The company reported a significant decrease in financial expenses, with interest expenses at RMB 267.72 million compared to RMB 643.41 million in the same period of 2022[34]. - The company reported a decrease in tax expenses, with income tax expense of RMB -789,820.38 for the first three quarters of 2023, compared to RMB -412,377.48 in the same period of 2022[36]. Non-Recurring Items - The company reported non-recurring gains of CNY 12.73 million for the current period[4]. - The fair value change income for the first three quarters of 2023 was CNY 97,620,782.01, a recovery from a loss of CNY 633,722,806.75 in 2022[18]. Research and Development - Research and development expenses for the first three quarters of 2023 amounted to RMB 233,459.15, indicating ongoing investment in innovation[34]. Governance - The board of directors includes both executive and non-executive members, ensuring diverse oversight[39]. - The quarterly report summary is based on internal data and management accounts, not reviewed by auditors[39]. - The company is registered under Hong Kong Companies Ordinance as a non-Hong Kong company[39].
中远海发(02866) - 2023 Q3 - 季度业绩