BRIGHT DAIRY(SH:600597)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 6,525,221,000, a decrease of 6.44% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2023 was a loss of CNY 15,283,301, representing a decline of 117.36% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was a loss of CNY 4,686,992, down 111.66% from the previous year[7]. - The basic earnings per share for Q3 2023 was -CNY 0.02, a decrease of 129.41% compared to the same period last year[7]. - The total revenue for the first three quarters of 2023 was CNY 20,664,322,498, down 3.37% from CNY 21,385,131,429 in the same period of 2022[15]. - The company experienced a decline in domestic operating income, which contributed to the net loss reported for Q3 2023[10]. - The basic and diluted earnings per share for the reporting period were both -129.41 RMB, primarily due to a decrease in net profit attributable to shareholders of the listed company[24]. - The company reported a total comprehensive income of 137,000,764 RMB for the period, compared to -482,130,521 RMB in the previous period[34]. - Net profit for the period was 311,610,820, down from 398,081,580, representing a decline of approximately 21.7%[45]. - Operating profit decreased to 363,322,703 from 488,905,146, a decline of about 25.6%[45]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date period increased by 148.68% to CNY 1,034,904,573[7]. - The company reported a significant increase in cash flow from operating activities year-to-date, primarily due to a reduction in cash paid for goods and services[10]. - The company's total assets as of September 30, 2023, were CNY 23,579,786,860, a decrease from CNY 24,452,336,700 at the end of 2022[14]. - The company's cash and cash equivalents decreased from CNY 2,648,729,919 at the end of 2022 to CNY 2,638,079,213 as of September 30, 2023[14]. - The net increase in cash and cash equivalents for the period was -10,650,706 RMB, with a cash balance at the end of the period of 2,638,079,213 RMB[36]. - The company’s cash flow from operating activities was impacted, leading to a decrease in cash reserves compared to the previous year[36]. - Cash flow from financing activities resulted in a net outflow of 539,000,015, compared to a net outflow of 312,308,760 in the previous period[48]. - Cash outflow from investing activities was 619,844,349, down from 916,329,175, reflecting a reduction in capital expenditures[48]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 78,943, with the largest shareholder, Bright Food (Group) Co., Ltd., holding 711,860,596 shares, representing 51.64%[24]. - The company did not report any significant changes in shareholder relationships or actions during the reporting period[25]. Liabilities and Equity - The total liabilities decreased to 13,016,429,496 from 13,904,084,269, a reduction of approximately 6.4%[42]. - The equity attributable to shareholders of the listed company increased by 1.71% to 8,136,122,755 from 7,999,530,542[42]. Research and Development - Research and development expenses were 59,590,341, slightly up from 58,638,895, indicating continued investment in innovation[45]. Other Financial Metrics - The total operating costs decreased to 20,337,716,094 from 20,913,138,178, showing a reduction in overall expenses[45]. - The company experienced a foreign exchange loss affecting cash and cash equivalents amounting to -4,543,824 RMB[36]. - The company has not applied new accounting standards or interpretations that would affect the financial statements for the current year[37].