OIE(SH:600278)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥8,733,782,513.54, a decrease of 28.82% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was ¥68,445,182.72, down 32.95% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,476,365.99, a decrease of 23.87% compared to the same period last year[5]. - The basic earnings per share for Q3 2023 was ¥0.08, reflecting a decline of 33.03% year-on-year[6]. - The diluted earnings per share for Q3 2023 was also ¥0.08, down 33.03% compared to the previous year[6]. - The weighted average return on equity decreased to 0.96%, a drop of 0.51 percentage points from the previous year[6]. - Total operating revenue for the first three quarters of 2023 was CNY 28,030,988,237.62, a decrease of 12.1% compared to CNY 31,986,856,477.30 in the same period of 2022[20]. - Net profit for the third quarter of 2023 was CNY 306,234,978.58, a decline of 24.4% from CNY 405,120,152.56 in the same quarter of 2022[21]. - Earnings per share for the third quarter of 2023 were CNY 0.26, down from CNY 0.39 in the same period last year[22]. - The company reported a profit before tax of CNY 411,124,122.48 for the third quarter of 2023, compared to CNY 530,539,264.07 in the same quarter of 2022, a decline of 22.5%[21]. - The total comprehensive income for the third quarter of 2023 was CNY 304,716,600.94, an increase from CNY 247,045,697.24 in the same period last year, reflecting a growth of 23.3%[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥17,181,024,459.45, a decrease of 12.43% from the end of the previous year[6]. - As of September 30, 2023, total assets amounted to RMB 17,181,024,459.45, a decrease from RMB 18,989,050,691.28 at the end of 2022, reflecting a decline of approximately 9.52%[16]. - Current assets totaled RMB 13,368,897,884.18, down from RMB 14,994,506,249.98, indicating a decrease of about 10.87%[17]. - Total liabilities decreased to CNY 9,625,361,283.60 in Q3 2023 from CNY 11,549,480,162.79 in Q3 2022, representing a reduction of 16.6%[19]. - Total equity attributable to shareholders increased to CNY 7,181,839,067.79 in Q3 2023 from CNY 7,059,120,956.27 in Q3 2022, showing a growth of 1.7%[19]. Cash Flow - The net cash flow from operating activities for the year-to-date was negative ¥80,334,229.11, indicating a significant cash outflow[6]. - Cash inflow from operating activities for the first three quarters of 2023 was approximately ¥29.75 billion, a decrease of 21.6% compared to ¥37.97 billion in the same period of 2022[24]. - Net cash flow from operating activities for Q3 2023 was -¥80.33 million, an improvement from -¥240.25 million in Q3 2022[25]. - Total cash inflow from investment activities in Q3 2023 was approximately ¥10.01 billion, down from ¥14.43 billion in Q3 2022, reflecting a decrease of 30.0%[25]. - Net cash flow from investment activities for Q3 2023 was ¥210.94 million, compared to -¥93.30 million in Q3 2022, indicating a positive turnaround[25]. - Cash inflow from financing activities in Q3 2023 totaled approximately ¥779.23 million, significantly lower than ¥2.24 billion in Q3 2022, a decrease of 65.3%[26]. - Net cash flow from financing activities for Q3 2023 was -¥686.54 million, worsening from -¥448.85 million in Q3 2022[26]. - The total cash and cash equivalents at the end of Q3 2023 stood at approximately ¥4.39 billion, an increase from ¥3.98 billion at the end of Q3 2022[26]. - The company received tax refunds of approximately ¥2.25 billion in Q3 2023, up from ¥1.99 billion in Q3 2022, representing a growth of 12.7%[25]. - Cash outflow for purchasing goods and services in Q3 2023 was approximately ¥30.74 billion, down from ¥39.25 billion in Q3 2022, a decrease of 21.8%[25]. - The impact of exchange rate fluctuations on cash and cash equivalents in Q3 2023 was a decrease of approximately ¥9.65 million, contrasting with an increase of ¥65.77 million in Q3 2022[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,567[11]. - The company distributed a cash dividend of RMB 0.126 per share, totaling RMB 111,380,623.33, which is 30.16% of the net profit attributable to ordinary shareholders for 2022[13][14]. - The company completed the repurchase and cancellation of 1,041,000 restricted shares, reducing total share capital from 883,973,201 shares to 882,932,201 shares[15]. Operational Insights - The company reported a significant reduction in operating profit due to a sluggish shipping market, particularly affecting its subsidiary, Xinhai Shipping[9]. - Research and development expenses for the first three quarters of 2023 were CNY 4,584,867.74, down from CNY 6,275,094.12 in the same period of 2022, indicating a decrease of 26.9%[20]. - The company acquired 100% equity of Roper Textiles, Inc. for RMB 3,407,900, expanding its financial reporting scope[15]. - Inventory decreased to RMB 2,275,445,226.88 from RMB 2,372,566,602.58, reflecting a reduction of approximately 4.09%[17]. - Short-term borrowings decreased significantly to RMB 327,970,343.05 from RMB 669,151,818.29, a reduction of about 51.00%[17]. - Accounts payable decreased to RMB 2,956,692,551.95 from RMB 3,620,176,019.12, indicating a decline of approximately 18.30%[17]. - The company reported a decrease in other receivables to RMB 469,106,166.09 from RMB 953,765,764.05, a decline of about 50.83%[17].