XTAD(SH:600359)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥98,817,675.81, a decrease of 48.56% compared to the same period last year[4] - Net profit attributable to shareholders was ¥2,179,200.48, an increase of 26.86% year-on-year, while the net profit excluding non-recurring gains and losses was -¥231,777.66, a decline of 97.88%[4] - Total operating revenue for the first three quarters of 2023 was CNY 491.91 million, a decrease of 15.9% compared to CNY 585.08 million in the same period of 2022[17] - Net profit for the third quarter of 2023 was CNY 61.45 million, compared to CNY 64.19 million in the same quarter of 2022, reflecting a decrease of 1.2%[18] - The total comprehensive income for Q3 2023 was CNY 61.56 million, down from CNY 64.04 million in Q3 2022, a decrease of 3.8%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,087,853,560.69, representing a decrease of 42.60% compared to the end of the previous year[5] - The company's total liabilities decreased to CNY 433.04 million in Q3 2023 from CNY 1.31 billion in Q3 2022, a reduction of 66.8%[16] - The company's current assets totaled RMB 615,639,989.16, down from RMB 692,951,829.01, indicating a decrease of about 11.1%[14] - The company's fixed assets decreased to RMB 176,010,577.16 from RMB 540,865,356.25, a decline of approximately 67.5%[14] - The company reported a significant reduction in inventory, which decreased to RMB 176,370,961.23 from RMB 445,249,659.67, a drop of about 60.4%[14] Cash Flow - The company reported a cash flow from operating activities of ¥155,393,164.59 for the year-to-date, down 15.87% compared to the previous year[4] - In the first three quarters of 2023, the cash inflow from operating activities was approximately CNY 460.5 million, a decrease of 8.75% compared to CNY 504.8 million in the same period of 2022[20] - The net cash flow from operating activities for the first three quarters of 2023 was CNY 155.4 million, down 15.87% from CNY 184.7 million in 2022[20] - The cash inflow from investment activities significantly increased to CNY 280.97 million in 2023, compared to CNY 40.70 million in 2022[21] - The net cash flow from investment activities for the first three quarters of 2023 was CNY 187.21 million, a turnaround from a negative CNY 83.05 million in 2022[21] Shareholder Equity - The company's equity attributable to shareholders increased by 10.83% to ¥637,090,318.12 compared to the previous year[5] - The total equity attributable to shareholders increased to CNY 637.09 million in Q3 2023, up from CNY 574.85 million in Q3 2022, representing an increase of 10.8%[16] - The total number of ordinary shareholders at the end of the reporting period was 52,169[9] Non-Recurring Gains and Losses - The company recognized non-recurring gains of ¥2,410,978.14 for the current period, significantly lower than the previous year's total of ¥67,071,634.45[8] - The decrease in operating revenue was primarily due to the sale of Xin Nong Dairy's equity, which resulted in a loss of revenue contribution from June to September[8] Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 9.28 million, an increase of 15.7% from CNY 8.03 million in the same period of 2022[17] Cash Management - The company's cash flow statement for the first three quarters of 2023 indicates ongoing financial management efforts, although specific cash flow figures were not detailed in the provided content[19] - The total cash and cash equivalents at the end of Q3 2023 amounted to CNY 357.13 million, an increase from CNY 308.45 million at the end of Q3 2022[21] - The company received RMB 28,584.77 million from the equity transfer of Xinjiang Tianrun Dairy Co., Ltd., with an additional 10% of the asset transfer payment pending[12] - The company completed the transfer of 97.4359% equity in Xinjiang New Agricultural Dairy Co., Ltd. on June 1, 2023, which is no longer included in the consolidated financial statements[12] Related Party Transactions - The company has no significant related party transactions or concerted actions among shareholders, ensuring transparency in ownership structure[11]