皖维高新(600063) - 2023 Q3 - 季度财报

Revenue and Profitability - The company's operating revenue decreased by 7.98% due to a decline in prices of main products such as polyvinyl alcohol and vinyl acetate[8] - Q3 2023 revenue was CNY 2,135,690,376.45, a decrease of 3.70% year-over-year[23] - Total revenue for the first three quarters of 2023 was CNY 6,697,939,662.43, a decrease of 7.98% compared to the same period in 2022[35] - The net profit attributable to shareholders for the current reporting period decreased by 81.70% due to a decline in prices of main products such as polyvinyl alcohol and vinyl acetate[14] - Net profit attributable to shareholders was CNY 59,428,184.08, down 81.70% compared to the same period last year[23] - The net profit attributable to the parent company shareholders for the current period is approximately CNY 406.21 million, a decrease from CNY 1.29 billion in the same period last year, representing a decline of about 68.6%[41] - The total comprehensive income for the current period is approximately CNY 447.01 million, compared to CNY 1.16 billion in the previous year, indicating a decrease of approximately 61.5%[41] - The operating profit for the current period is approximately CNY 482.93 million, down from CNY 1.56 billion year-on-year, reflecting a decline of about 69.1%[41] Earnings Per Share - The company reported a diluted earnings per share of ¥0.027, a decrease of 82.24% compared to the previous year[12] - The basic earnings per share for the current reporting period was -82.24, reflecting a significant decrease in profit compared to the previous year[14] - Basic earnings per share decreased to CNY 0.027, down 82.24% from CNY 0.186 in the same period last year[23] - The basic and diluted earnings per share for the current period are both CNY 0.186, down from CNY 0.610 in the same period last year, a decrease of approximately 69.5%[55] Cash Flow - The net cash flow from operating activities decreased by 88.21 million due to a reduction in cash received from sales of goods and services[14] - Net cash flow from operating activities was CNY 41,588,760.44, down 89.68% compared to the previous year[23] - The cash flow from operating activities for the current period is CNY 230.37 million, significantly lower than CNY 1.95 billion in the same period last year, a decrease of approximately 88.2%[56] - The net cash flow from financing activities is CNY 1.25 billion, compared to a negative cash flow of CNY 605.45 million in the same period last year, indicating a turnaround[49] - The company reported a net increase in cash and cash equivalents of approximately CNY -13.78 million, contrasting with an increase of CNY 31.69 million in the previous year[49] - The net increase in cash from investment activities is CNY -1.49 billion, compared to CNY -1.32 billion in the previous year, indicating a worsening cash flow situation[39] Assets and Liabilities - The total assets increased by 11.74% to ¥14,800,764,532.20 compared to the end of the previous year[12] - The total current assets as of September 30, 2023, increased to 6,902.99 million from 5,946.40 million as of December 31, 2022[18] - The total liabilities increased to 6,881.29 million from 5,457.61 million year-over-year[20] - The company's short-term borrowings increased by 71.27% due to an increase in bank loans[8] - The company reported a significant increase in short-term borrowings to CNY 3,528,426,666.67, compared to CNY 2,060,213,583.33 last year[33] - The company’s long-term borrowings increased by 130.77% during the reporting period[8] - Non-current assets totaled CNY 7,897,778,431.54, up from CNY 7,299,052,664.01 year-over-year[33] Other Financial Metrics - Non-recurring gains and losses for the current period amounted to ¥28,106,350.86, with a total of ¥86,713,557.88 for the year-to-date[13] - Research and development expenses decreased by 22.93% compared to the previous period[8] - The company's financial expenses decreased due to a reduction in bank interest expenses and an increase in interest income from large deposits[8] - The cash flow from investing activities was not applicable due to increased investments, totaling 17,546.30 million[14] - The inventory as of September 30, 2023, rose to 1,166.40 million from 888.34 million as of December 31, 2022[18] - The total equity attributable to shareholders increased to 7,882.31 million from 7,747.13 million year-over-year[20] - Total operating costs for the first three quarters were CNY 6,337,689,523.57, an increase from CNY 5,763,945,577.82 in the previous year[35] - The company did not report any significant new strategies or product developments during the quarter[26]