Qinghai Spring(SH:600381)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥53,289,081.38, representing a 129.10% increase compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2023 reached ¥160,712,654.06, an increase of 24.93% compared to ¥128,645,957.46 in the same period of 2022[21]. - The net profit attributable to shareholders was -¥19,740,514.59, with a year-to-date net profit of -¥70,331,228.73[5]. - Net profit for the first three quarters of 2023 was a loss of ¥68,576,421.15, compared to a loss of ¥75,403,109.87 in the same period of 2022, showing an improvement of 9.73%[22]. - Basic and diluted earnings per share for Q3 2023 were both -¥0.034, with a year-to-date figure of -¥0.120[6]. - Basic and diluted earnings per share for the first three quarters of 2023 were both -0.120, slightly better than -0.128 in the same period of 2022[23]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥8,962,743.45[6]. - Net cash flow from operating activities for Q3 2023 was $8,962,743.45, a significant improvement from a net outflow of $20,357,176.51 in Q3 2022[26]. - Cash paid for operating activities totaled $170,177,883.30, down from $196,434,823.09 in Q3 2022[26]. - Total cash inflow from investment activities was $60,089,667.08, compared to $623,921,075.12 in the same period last year[26]. - Cash outflow from investment activities totaled $71,014,967.19, resulting in a net cash flow of -$10,925,300.11 for Q3 2023, down from a positive $34,780,001.12 in Q3 2022[26]. - The company reported a net cash decrease of $6,749,165.61 for Q3 2023, contrasting with an increase of $14,883,799.99 in Q3 2022[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,520,345,780.92, a decrease of 2.49% from the end of the previous year[6]. - As of September 30, 2023, the total assets of the company amounted to CNY 1,520,345,780.92, a decrease from CNY 1,559,229,152.99 at the end of 2022, reflecting a decline of approximately 2.1%[15]. - The company's current assets totaled CNY 761,618,090.69, down from CNY 816,003,528.06, indicating a decrease of about 6.7%[17]. - Total liabilities as of the end of the third quarter of 2023 amounted to ¥55,992,026.91, compared to ¥26,298,977.83 at the end of the same period in 2022, indicating a significant increase[22]. - The total liabilities of the company were not explicitly stated, but current liabilities included accounts payable of CNY 16,467,410.00, up from CNY 2,672,389.74, showing a significant increase[17]. Equity and Investments - The equity attributable to shareholders decreased by 4.59% to ¥1,462,600,343.67 compared to the end of the previous year[6]. - Total equity attributable to shareholders of the parent company was ¥1,462,600,343.67, down from ¥1,532,931,572.40 in the previous year[22]. - The company has a long-term equity investment valued at CNY 172,708,109.45, slightly down from CNY 172,824,966.22, indicating a marginal decrease[17]. Operational Highlights - The company reported a significant increase in revenue from liquor and traditional Chinese medicine services as the main driver for the revenue growth[10]. - Research and development expenses for the first three quarters of 2023 were ¥7,554,555.90, slightly up from ¥7,356,360.50 in 2022, indicating continued investment in innovation[21]. - The company reported a financial expense of -¥74,903.47 in the first three quarters of 2023, a significant improvement compared to ¥691,604.64 in the same period of 2022[21]. - The company has not reported any new product launches or significant market expansion strategies during this period[21]. - The company did not report any new product launches or significant market expansions during this quarter[28]. Other Financial Metrics - Non-recurring losses for the reporting period included a loss from the disposal of non-current assets amounting to -¥19,388.28[8]. - The company received government subsidies totaling ¥171,826.34 during the reporting period[8]. - The weighted average return on net assets was -1.3%, a slight increase of 0.18 percentage points compared to the previous year[6]. - Cash and cash equivalents were reported at CNY 161,941,283.99, a decrease from CNY 168,690,449.60, representing a decline of approximately 4.4%[15]. - Accounts receivable increased to CNY 62,767,471.38 from CNY 55,367,840.10, marking an increase of about 13.5%[15]. - Inventory decreased to CNY 304,777,334.66 from CNY 333,495,051.35, reflecting a decline of approximately 8.6%[15]. - The company's non-current assets totaled CNY 758,727,690.23, an increase from CNY 743,225,624.93, indicating a growth of about 2.3%[17]. - The company’s fixed assets increased to CNY 280,254,004.18 from CNY 274,955,062.12, reflecting a growth of about 1.2%[17]. - The company reported a decrease in other receivables to CNY 10,522,211.79 from CNY 11,995,395.78, a decline of approximately 12.3%[15].