Financial Performance - The company's operating revenue for Q3 2023 was ¥544,006,805.33, a decrease of 28.09% compared to the same period last year, and a total revenue of ¥1,585,809,877.87 for the year-to-date, down 34.24% year-on-year [2]. - Net profit attributable to shareholders for Q3 2023 was ¥38,725,590.07, representing a decline of 63.88%, with a year-to-date net profit of ¥141,810,287.91, down 42.20% [2]. - The company reported a total profit for the third quarter of CNY 194,788,033.76, down 43.6% from CNY 344,317,626.45 in the previous year [19]. - Basic earnings per share for Q3 2023 was ¥0.37, down 64.08% year-on-year, with a year-to-date EPS of ¥1.37, down 48.50% [2]. - Basic earnings per share for the third quarter were CNY 1.37, compared to CNY 2.66 in the previous year, reflecting a decline of 48.7% [19]. Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥182,780,105.34 for the year-to-date, a decrease of 204.38% compared to the previous year [2]. - Cash flow from operating activities showed a net outflow of CNY -182,780,105.34, contrasting with a net inflow of CNY 175,115,865.17 in the same quarter last year [21]. - The company's cash and cash equivalents decreased to approximately CNY 584.42 million from CNY 713.12 million, a decline of about 18.1% [16]. - The cash and cash equivalents at the end of the period amounted to 393,651,893.54 CNY, down from 490,995,304.57 CNY, reflecting a net decrease of 318,923,894.75 CNY [22]. - The total assets at the end of Q3 2023 were ¥3,469,970,685.14, an increase of 58.54% from the end of the previous year [2]. Liabilities and Equity - The total liabilities increased significantly to approximately CNY 1.62 billion from CNY 451.93 million, marking an increase of approximately 258.5% [17]. - The company reported a total equity of approximately CNY 1.85 billion as of September 30, 2023, compared to CNY 1.74 billion at the beginning of the year, reflecting an increase of about 6.5% [17]. Operational Metrics - The company experienced a 38.52% year-on-year increase in service container volume, totaling 71,200 TEU, with cross-border chemical logistics contributing 38,800 TEU [2]. - Operating costs decreased by 34.11% to approximately ¥1.32 billion, attributed to fluctuations in international shipping costs [7]. - The company reported a significant increase in prepayments, which rose by 765.88% to ¥615,462,314.97, primarily due to increased chemical trade procurement [5]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,713 [8]. - The largest shareholder, Chen Yongfu, holds 30.81% of the shares, with a total control of 37.12% when including related parties [9]. - The top ten shareholders collectively hold significant stakes, with the largest holding being 32 million shares [8]. Research and Development - R&D expenses increased by 176.58% to approximately ¥3.85 million, driven by an increase in the number of R&D personnel [7]. - Research and development expenses increased to CNY 3,851,835.63, up from CNY 1,392,661.36, marking a rise of 176.5% [18]. Tax and Financial Expenses - Tax expenses decreased by 42.86% to approximately ¥50 million, reflecting fluctuations in total profit [7]. - The company has seen a 90.80% increase in tax and additional charges due to the growth of property tax from newly consolidated entities [7]. - The income tax expense for the period was reported at 110,940,363.98 CNY, an increase of 237,253.04 CNY compared to the previous period [24]. Strategic Initiatives - The company is actively exploring market expansion and new product development strategies [13]. - The company approved a capital increase of CNY 2.2782 million for its wholly-owned subsidiary Ningbo Yonggang Logistics Co., Ltd. to implement fundraising projects [15]. - The company plans to establish a new subsidiary, Shengwangtai (Wuhai) Chemical Logistics Comprehensive Service Co., Ltd., to enhance its logistics capabilities [15]. - The acquisition of a 60% stake in Tianjin Ruibo Long Smart Supply Chain Co., Ltd. was approved to expand its market presence [15]. Other Financial Metrics - The company reported a foreign exchange loss of ¥2,621,600.00 for Q3 2023, compared to a foreign exchange gain of ¥24,577,700.00 in the same period last year [2]. - Financial expenses decreased by 74.39% to approximately -¥9.79 million, influenced by exchange rate fluctuations and increased borrowing costs [7]. - Other income rose by 52.58% to approximately ¥24.23 million, mainly due to an increase in government subsidies [7]. - The company reported a significant increase in other income, which rose to CNY 24,230,557.38 from CNY 15,880,363.87, an increase of 52.5% [18]. Accounting Changes - The company began implementing new accounting standards from January 1, 2023, affecting the financial reporting of deferred tax assets and liabilities [23]. - Deferred tax assets increased from 9,046,868.25 CNY to 13,330,721.72 CNY, reflecting an adjustment of 4,283,853.47 CNY due to new accounting standards [24]. - Deferred tax liabilities rose from 24,033,172.75 CNY to 28,844,547.50 CNY, with an adjustment of 4,811,374.75 CNY [24]. - The third quarter report was not audited, indicating that the figures presented are subject to further verification [25].
永泰运(001228) - 2023 Q3 - 季度财报(更正)