CTCG(SH:600358)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥151,311,946.74, a decrease of 1.63% compared to the same period last year[3]. - The net profit attributable to shareholders for the same period was a loss of ¥3,022,593.51, with a year-to-date net profit of ¥1,729,383.66, reflecting a decline of 60.67%[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥3,098,828.72 for Q3, with a year-to-date loss of ¥10,244,640.82, a significant decrease of 341.65%[3]. - Basic and diluted earnings per share for the year-to-date period were both ¥-0.0060, a decrease of 60.92% compared to the previous year[3]. - Net profit for the third quarter of 2023 was CNY 2,233,991.45, a decline of 48.9% from CNY 4,369,161.51 in the same quarter of 2022[18]. - The company reported a basic and diluted earnings per share of CNY 0.0034 for the third quarter of 2023, down from CNY 0.0087 in the same quarter of 2022[19]. - Total operating revenue for the first three quarters of 2023 was CNY 389,819,946.56, a decrease of 13.3% compared to CNY 450,092,552.28 in the same period of 2022[17]. - Total operating costs for the first three quarters of 2023 were CNY 396,404,063.83, down from CNY 446,890,858.21 in the previous year, reflecting a reduction of 11.3%[17]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was negative at ¥5,111,056.24, representing a decline of 110.28%[3]. - The net cash flow from operating activities for Q3 2023 was -5,111,056.24 RMB, a significant decrease from 49,729,398.26 RMB in Q3 2022[22]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 492,668,938.28, a decrease from CNY 508,387,959.16 in the same period of 2022[21]. - Total cash inflow from financing activities was 292,960,000.00 RMB, compared to 222,000,000.00 RMB in the same period last year, reflecting a 32% increase[23]. - The net cash flow from financing activities improved to 43,675,564.30 RMB, reversing from a negative cash flow of -43,195,349.45 RMB in Q3 2022[23]. - The total cash and cash equivalents at the end of Q3 2023 amounted to 78,174,333.57 RMB, up from 71,084,014.91 RMB at the end of Q3 2022, indicating an increase of approximately 10%[23]. - Cash outflow for purchasing fixed assets and intangible assets was 4,500,666.59 RMB, significantly lower than 21,580,806.42 RMB in Q3 2022, showing a reduction of about 79%[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥492,622,695.43, an increase of 3.76% from the end of the previous year[4]. - As of September 30, 2023, the company's total assets amounted to RMB 492,622,695.43, an increase from RMB 474,779,075.96 at the end of 2022, reflecting a growth of approximately 3.7%[13]. - The total current liabilities rose to RMB 256,274,088.85, compared to RMB 186,237,488.86 at the end of 2022, marking an increase of about 37.5%[14]. - The company recorded a total liability of CNY 311,953,257.16 as of the end of the third quarter of 2023, compared to CNY 291,650,061.79 at the end of the previous year[18]. - Total liabilities amounted to 291,650,061.79, with current liabilities at 275,428,567.60[26]. - Non-current liabilities totaled 16,221,494.19, including lease liabilities of 4,221,494.19[26]. - The total assets reached 476,088,491.20 RMB, up from 474,779,075.96 RMB, indicating a slight increase of about 0.27%[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,663[10]. - Total equity attributable to shareholders was CNY 183,806,672.30, slightly down from CNY 184,321,801.42 in the previous year[18]. - The total equity attributable to shareholders was 184,321,801.42, with retained earnings showing a deficit of 549,770,025.79[26]. - The total equity decreased slightly by 111,380.45 compared to the previous reporting period[26]. Government Subsidies and Other Income - The company recognized a government subsidy of ¥12,000,000 related to the relocation of the Honggu Tan area during the reporting period[8]. - Deferred income was reported at 12,000,000.00, indicating future revenue recognition[26]. - Other comprehensive income after tax for the third quarter of 2023 was CNY -2,328,715.80, compared to CNY -6,734,761.54 in the same quarter of 2022[19]. Operational Changes - The company has reduced its live e-commerce business, contributing to the decline in operating revenue[8]. - The company incurred research and development expenses of CNY 1,710,000.00 for the first three quarters of 2023, consistent with the same period in 2022[17]. - The company reported a decrease in sales expenses to CNY 6,708,853.80 from CNY 4,723,235.41 in the previous year[17]. - The company has adopted new accounting standards starting from January 1, 2023, which may impact future financial reporting[23].