宏达股份(600331) - 2023 Q3 - 季度财报

Revenue and Profitability - Revenue for Q3 2023 reached ¥787,450,320.27, an increase of 89.09% compared to the same period last year[24] - Net profit attributable to shareholders for Q3 2023 was -¥2,454,996.77, a decrease of 172.06% year-on-year[24] - The company's operating revenue for the year-to-date period reached 11.24 million, an increase compared to the same period last year, primarily due to higher sales volumes of zinc products and compound fertilizers[25] - The net profit attributable to shareholders for the year-to-date period was -172.06 million, a decrease from the same period last year, mainly due to market fluctuations[25] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date period was -258.41 million, impacted by lower sales prices of phosphate series products and compound fertilizers[25] - Basic and diluted earnings per share for the year-to-date period were both -172.19, reflecting a significant decline[25] - The company reported a basic earnings per share of -¥0.0012 for Q3 2023, compared to -¥0.0340 for the same period last year[24] - Net profit for the third quarter was a loss of CNY 68,967,387.00, compared to a profit of CNY 95,828,621.71 in the same period last year[58] - Operating profit turned negative at CNY -59,221,953.03, down from CNY 90,855,506.16 year-over-year[58] - Basic earnings per share for the third quarter were CNY -0.0340, compared to CNY 0.0471 in the same quarter last year[59] Production and Sales - Zinc product production in Q3 2023 was 15,903.30 tons, up 130.40% year-on-year, while sales volume was 15,709.68 tons, an increase of 118.89%[20] - Total operating revenue for the first three quarters of 2023 reached CNY 2,242,008,975.76, an increase of 11.25% compared to CNY 2,015,551,263.38 in the same period of 2022[41] - Total operating costs for the first three quarters of 2023 were CNY 2,296,191,182.00, up 16.68% from CNY 1,967,583,416.31 in the previous year[41] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥48,038,135.31, a decrease of 118.05% year-on-year[24] - The company reported a net cash flow from operating activities of -118.05 million for the year-to-date period, primarily due to increased cash payments for goods and services[25] - Cash and cash equivalents decreased by 48.50% compared to the end of last year, primarily due to increased cash payments for goods and services[10] - Cash and cash equivalents at the end of Q3 2023 amounted to CNY 167,700,771.58, down from CNY 271,006,037.06 at the end of Q3 2022[47] - The company’s total current assets as of September 30, 2023, were CNY 841,244,149.05, down from CNY 1,070,361,717.32 at the end of 2022[35] - The total assets decreased from CNY 2,349,986,948.39 to CNY 2,047,884,154.46, a decline of approximately 12.9%[54] - Total assets at the end of Q3 2023 were ¥2,047,884,154.46, a decrease of 12.86% from the end of the previous year[18] Liabilities and Equity - The company's total liabilities decreased from CNY 1,936,446,467.89 to CNY 1,700,355,746.34, a reduction of approximately 12.2%[54] - The total equity attributable to shareholders decreased from CNY 413,146,196.50 to CNY 347,102,449.00, a decline of about 16%[54] - The company reported a decrease in accounts payable from CNY 196,266,317.45 to CNY 162,798,116.68, a reduction of approximately 17%[54] Legal and Compliance Issues - The company has ongoing legal disputes with Yunnan Jinding Zinc Industry Co., with a principal amount of 423.43 million and delayed performance fees totaling 189.05 million as of September 30, 2023[29] - The company’s assets, including bank accounts and properties, are subject to freezing due to the ongoing legal case, with a total book value of frozen assets amounting to approximately 45.28 million for fixed assets and 38.73 million for intangible assets[29] - The company is closely monitoring the progress of a legal case that may impact its operations, with potential risks associated with judicial disposal of certain assets[34] Research and Development - Research and development expenses for the year-to-date period decreased by 44.87 million, indicating reduced investment in R&D compared to the previous year[25] - Research and development expenses for the first three quarters of 2023 were CNY 1,492,849.67, a decrease of 44.05% compared to CNY 2,708,056.16 in the same period of 2022[41] Investment Activities - The company reported a net loss from investment activities of CNY 8,292,288.95 in the first three quarters of 2023, compared to a loss of CNY 129,538,950.68 in the same period of 2022[46] - The company’s investment income for the year-to-date period was -100.00 million, a decrease due to the loss of control over a former subsidiary, resulting in a significant drop in recognized investment income[25] Expenses - The company’s sales expenses for the year-to-date period increased to 29.81 million, attributed to higher marketing costs[25] - The company incurred financial expenses of CNY 44,867,210.61 in the first three quarters of 2023, a decrease of 14.23% from CNY 52,334,706.21 in the same period of 2022[41] - The cash paid for purchasing goods and services increased to CNY 1,593,691,147.47 from CNY 1,380,549,577.52, an increase of about 15.4%[60] Other Comprehensive Income - The company recorded other comprehensive income after tax of CNY 55,055.53, down from CNY 186,010.88 year-over-year[59] - Non-recurring gains and losses for Q3 2023 totaled ¥600,075.38, with a year-to-date total of ¥4,652,167.31[9]