凤竹纺织(600493) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥276,665,567.34, a decrease of 15.58% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2023 was ¥63,194,847.59, an increase of 394.04% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥11,262,824.38, down 5.86% from the previous year[4] - The net cash flow from operating activities for Q3 2023 was ¥20,234,497.79, a decline of 60.83% compared to the same period last year[4] - The basic earnings per share for Q3 2023 was ¥0.2323, reflecting an increase of 394.26% year-on-year[4] - The net profit attributable to shareholders for the year-to-date period was ¥67,543,321.31, an increase of 144.87% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2023 was CNY 717,734,825.67, a decrease of 23.5% compared to CNY 937,791,317.25 in the same period of 2022[28] - Total operating costs for the first three quarters of 2023 were CNY 724,087,926.56, down from CNY 902,907,071.51 in 2022, reflecting a reduction of 19.7%[28] - Net profit for the first three quarters of 2023 reached CNY 67,543,321.31, an increase of 144.5% compared to CNY 27,583,796.24 in 2022[29] - Basic and diluted earnings per share for the first three quarters of 2023 were CNY 0.2483, compared to CNY 0.1014 in the same period of 2022[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,033,142,287.19, a decrease of 1.20% from the end of the previous year[5] - Total assets as of the end of the third quarter of 2023 amounted to CNY 2,033,142,287.19, slightly down from CNY 2,057,734,180.81 at the end of 2022[26] - Total liabilities decreased to CNY 1,130,761,387.44 from CNY 1,215,063,002.37, indicating a reduction of 7%[26] - Non-current liabilities totaled CNY 382,201,272.68, an increase from CNY 279,991,555.50 in the previous year[26] Cash Flow - As of September 30, 2023, the company's cash and cash equivalents decreased to ¥200,000,505.59 from ¥474,500,134.33 at the end of 2022, representing a decline of approximately 57.96%[24] - The company's cash and cash equivalents at the end of Q3 2023 were CNY 108,799,886.47, down from CNY 149,081,625.44 at the end of Q3 2022[31] - In the first three quarters of 2023, the company's cash inflow from operating activities was CNY 674,526,937.29, a decrease of 34.6% compared to CNY 1,030,285,804.11 in the same period of 2022[30] - The net cash flow from operating activities for the first three quarters of 2023 was CNY 27,769,448.30, down 69.0% from CNY 89,683,912.60 in the previous year[30] - The net cash flow from investing activities was CNY 255,640,281.67, a significant improvement compared to a net outflow of CNY 43,674,476.22 in the same period of 2022[31] - Cash inflow from financing activities was CNY 134,848,561.00, a decrease of 46.9% from CNY 253,611,671.86 in the previous year[31] - The net cash flow from financing activities was -CNY 439,641,684.51, worsening from -CNY 139,838,229.30 in the same period of 2022[31] Investments and Projects - The company has completed the construction of the new factory in the An Dong Economic Development Zone, which is expected to enhance production capacity and market share[13] - The total investment for the new factory project is approximately RMB 850 million, adjusted from the original RMB 650 million[12] - The new dyeing and finishing production line has commenced operations, successfully taking over the capacity from the old factory[13] - The Henan Anyang project has secured land use rights for a total of 424.08 acres, facilitating the establishment of a wholly-owned subsidiary[17] - The investment for the Henan Fengzhu (Anyang) 30,000-ton dyeing project is estimated at around RMB 300 million, with construction progressing steadily[17] - The company has authorized management to adjust project investments in response to changes in laws and regulations[15] Financial Management - The company has entrusted RMB 10 million in financial management with a 3.50% annualized return through Minsheng Bank[20] - The company has also invested RMB 20 million in a three-year fixed deposit with Xiamen Bank, also yielding a 3.50% annualized return[20] - The total amount of financial products held by the company reached ¥431,205,050, with an average yield of approximately 2.87%[21] Other Information - The company received government relocation compensation of ¥68,629,210.37 during the reporting period, significantly impacting net profit[8] - The company reported a significant increase in other income, which rose to CNY 76,757,562.83 from CNY 10,663,603.11 in the previous year[29] - Research and development expenses for the first three quarters of 2023 were CNY 15,306,487.04, down from CNY 19,431,032.14 in 2022, reflecting a decrease of 21.5%[29] - The company has maintained its long-term equity investments at ¥28,480,462.19, unchanged from the previous period[24] - The company has not reported any new product launches or technological advancements in this quarter[23] - There are no updates on market expansion or mergers and acquisitions in the current report[23]