赤天化(600227) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 583,456,425, representing a year-on-year increase of 6.09% compared to CNY 549,978,912 in the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY -126,964,693.84, a decrease from CNY -87,247,788.96 in the previous year, indicating a decline of 45.5%[5]. - The basic earnings per share for the current period was CNY -0.0515, compared to CNY -0.0750 in the same period last year, showing an improvement of 31.33%[5]. - The net profit attributable to shareholders for the current reporting period increased due to higher operating income and reduced repair and sales promotion expenses[9]. - Net profit for the third quarter of 2023 was a loss of CNY 249,987,451.11, compared to a loss of CNY 225,155,602.84 in the same quarter of 2022, reflecting an increase in losses[20]. - The total comprehensive income for Q3 2023 was -258,192,290.52 CNY, compared to -224,510,584.92 CNY in Q3 2022, reflecting a decline of approximately 15%[21]. - The basic and diluted earnings per share for Q3 2023 were both -0.1453 CNY, compared to -0.1315 CNY in Q3 2022, indicating a decrease of about 10%[21]. - Operating profit for Q3 2023 was a loss of CNY 30,441,088.28, an improvement from a loss of CNY 40,084,211.23 in Q3 2022[30]. - Net profit for the first three quarters of 2023 was a loss of CNY 30,534,740.57, compared to a loss of CNY 38,134,313.54 in the same period of 2022, indicating a 20.5% reduction in losses[30]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,719,299,653.23, reflecting a 2.22% increase from CNY 4,616,625,445.86 at the end of the previous year[5]. - The total assets as of September 30, 2023, were 2,930,078,752.62 CNY, a decrease from 3,052,497,124.63 CNY at the end of 2022, reflecting a decline of about 4%[26]. - Total liabilities increased to CNY 2,189,561,108.06 in the third quarter of 2023, up from CNY 1,817,898,530.15 in the previous year[16]. - The total liabilities as of September 30, 2023, were 169,704,401.86 CNY, down from 245,648,247.42 CNY at the end of 2022, indicating a reduction of approximately 30.9%[26]. - The total equity attributable to shareholders decreased to CNY 2,547,453,101.79 from CNY 2,798,759,891.34 year-over-year, indicating a decline in shareholder value[17]. - The total equity of the company as of Q3 2023 was CNY 2,690,538,942.12, a slight decrease from CNY 2,729,278,522.10 in Q3 2022[27]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 161,895,980.62, a slight decrease of 0.67% compared to CNY 160,816,809.16 in the previous year[5]. - Cash inflow from operating activities for the first three quarters of 2023 was 1,862,602,601.16 CNY, down from 2,123,641,337.72 CNY in the same period of 2022, representing a decline of approximately 12.3%[22]. - The net cash flow from operating activities in Q3 2023 was 160,816,809.16 CNY, slightly down from 161,895,980.62 CNY in Q3 2022[23]. - The company reported a net cash outflow from investing activities of -184,944,801.19 CNY for the first three quarters of 2023, compared to -383,904,125.18 CNY in the same period of 2022[23]. - The company reported a net cash outflow from investing activities of CNY 69,909,374.98 for the first three quarters of 2023, compared to a net outflow of CNY 38,854,804.00 in the same period of 2022[32]. - The company received CNY 400,000,000.00 from financing activities in Q3 2023, down from CNY 509,000,000.00 in Q3 2022, indicating a 21.5% decrease in cash inflow from financing[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,508[11]. - The largest shareholder, Guizhou Yuyang Trading Co., Ltd., holds 447,733,356 shares, accounting for 26.44% of total shares, with 414,954,654 shares pledged[11]. - The company has not identified any related party relationships among the top ten shareholders, except for China Great Wall Asset Management Co., Ltd. and Great Wall Guorong Investment Management Co., Ltd., which are considered acting in concert[12]. Other Financial Metrics - The weighted average return on net assets for the current period was -3.36%, an improvement from -4.22% in the previous year[5]. - The company reported a significant increase in interest expenses, which rose to CNY 25,848,696.61 in the third quarter of 2023 from CNY 15,246,459.27 in the same quarter of 2022[20]. - The company recorded a credit impairment loss of CNY -92,624,805.63 in the third quarter of 2023, compared to a loss of CNY -91,736,749.35 in the same quarter of 2022[20]. - Research and development expenses for the first three quarters of 2023 were CNY 75,764,145.14, slightly down from CNY 80,022,914.51 in the same period of 2022[19]. - The company’s financial and management expenses increased due to the opening of a hospital in June 2023[9]. Asset Swap - The company is undergoing an asset swap with Guizhou Chitianhua Huakong Mining Co., Ltd., exchanging 100% equity in Guizhou Shengjitang Pharmaceutical Co., Ltd. and 80% equity in Guizhou Zhongguan Biotechnology Co., Ltd. for mining rights and related assets[13]. - The company’s total assets and liabilities will be adjusted following the completion of the asset swap transaction[13].