TYGF(SH:600506)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥556,073,836.94, representing a year-on-year increase of 27.77%[5] - The net profit attributable to shareholders for Q3 2023 was a loss of ¥10,901,083.69, with a year-to-date loss of ¥28,524,349.88[5] - The basic earnings per share for Q3 2023 was -¥0.0568, and for the year-to-date it was -¥0.1485[6] - The company reported a total revenue of CNY 1,773,655,742.93 for the first three quarters of 2023, an increase of 8.4% compared to CNY 1,635,834,691.80 in the same period of 2022[19] - The company reported a net loss attributable to shareholders of CNY 276,041,564.16 for the period, compared to a loss of CNY 247,517,214.28 in the previous year[17] - The net profit for Q3 2023 was -28,524,349.88 RMB, an improvement from -89,617,098.77 RMB in Q3 2022, indicating a reduction in losses by approximately 68%[20] - Basic and diluted earnings per share for Q3 2023 were both -0.1485 RMB, an improvement from -0.607 RMB in Q3 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities for Q3 2023 increased by 411.30% to ¥144,775,712.18, and year-to-date it increased by 784.29% to ¥253,044,389.21[5][8] - The net cash flow from operating activities for the first three quarters of 2023 was 253,044,389.21 RMB, compared to 28,615,393.92 RMB in the same period of 2022, showing a significant increase in operational cash flow[22] - Total cash inflow from operating activities was 1,811,438,491.63 RMB, slightly down from 1,817,351,918.16 RMB year-over-year[21] - Cash outflow from operating activities decreased to 1,558,394,102.42 RMB from 1,788,736,524.24 RMB, reflecting improved cost management[22] - The company reported a net cash flow from investment activities of 16,569,599.16 RMB, a turnaround from -108,834,607.90 RMB in the previous year[22] - Cash inflow from financing activities was 158,772,832.08 RMB, down from 267,858,777.77 RMB in the previous year, indicating reduced borrowing[22] - The net cash flow from financing activities was -604,305,241.72 RMB, compared to a positive flow of 73,577,167.07 RMB in the same period last year, highlighting increased debt repayments[22] - The ending cash and cash equivalents balance was 198,558,846.34 RMB, down from 263,661,403.13 RMB year-over-year, indicating a decrease in liquidity[22] Assets and Equity - The total assets at the end of the reporting period were ¥2,176,356,788.68, a decrease of 13.33% compared to the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was ¥421,986,144.30, down 6.33% from the end of the previous year[6] - The total assets of the company as of September 30, 2023, were CNY 2,176,356,788.68, a decrease from CNY 2,511,200,175.49 at the end of 2022[17] - The company’s cash and cash equivalents decreased to CNY 198,558,846.34 as of September 30, 2023, down from CNY 533,249,740.76 at the end of 2022[14] Operational Developments - The company achieved a turnaround in performance with its subsidiary, Tongyi Petrochemical, reporting improved operating results and returning to profitability in 2023[13] - The company has launched new lubricant products targeting the new energy market, including applications for electric vehicles, energy storage, and charging stations[13] - The company has implemented various measures to expand sales and optimize cost management in response to adverse external conditions, including high international oil prices[13] - The company is focusing on increasing the proportion of low-carbon and new energy products in its product structure to improve profitability[13] - The company has obtained quality management system certifications, enhancing its product quality and expanding sales channels[13] Non-Operating Income and Expenses - The company reported a non-operating income of ¥29,000,000.00 from a merger under common control during the reporting period[7] - The company experienced a net loss from the disposal of non-current assets amounting to ¥11,099,123.13[7] - The total operating costs for the first three quarters of 2023 were CNY 1,803,487,969.39, up from CNY 1,729,766,356.49 in 2022, reflecting a rise of 4.3%[19]