SHD(SH:600630)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥428,335,030.09, a decrease of 45.87% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥12,975,620.12 for Q3 2023, with a year-to-date loss of ¥2,276,666.13[5]. - The basic earnings per share for Q3 2023 was -¥0.03, and the diluted earnings per share was -¥0.04[6]. - The company's revenue for the year-to-date period decreased by 40.09% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2023 was CNY 1,225,788,926.27, a decrease of 40.1% compared to CNY 2,046,129,870.12 in the same period of 2022[21]. - The net profit for the first three quarters of 2023 was a loss of CNY 1,917,631.03, an improvement from a loss of CNY 62,016,166.15 in the same period of 2022[22]. - The comprehensive income total for the first three quarters of 2023 was a loss of CNY 1,920,400.00, compared to a loss of CNY 64,063,656.17 in the previous year[23]. - Basic and diluted earnings per share for the first three quarters of 2023 were both CNY -0.01, an improvement from CNY -0.15 in the same period of 2022[23]. Cash Flow - The company reported a net cash flow from operating activities of ¥46,007,282.33 year-to-date[6]. - The net cash flow from operating activities for Q3 2023 was $46,007,282.33, a significant improvement compared to a negative cash flow of $77,408,797.20 in Q3 2022, indicating a turnaround in operational efficiency[25]. - Total cash outflow from operating activities amounted to $1,596,065,822.71, down from $2,913,124,212.68 in the same quarter last year, reflecting a reduction of approximately 45%[25]. - Cash inflow from investment activities was $2,601,672.63, compared to $3,071,415.43 in Q3 2022, showing a decrease of about 15%[25]. - The net cash flow from investment activities was negative at -$1,196,793.63, contrasting with a positive cash flow of $885,408.37 in the previous year, indicating a decline in investment returns[25]. - Cash inflow from financing activities totaled $391,597,640.63, down from $634,455,760.31 in Q3 2022, representing a decrease of approximately 38%[25]. - The net cash flow from financing activities was -$18,760,869.59, slightly improved from -$21,186,670.93 in the same quarter last year, indicating a marginal reduction in financing costs[25]. - The company paid $383,000,000.00 in debt repayments during the quarter, compared to $534,586,260.31 in Q3 2022, reflecting a decrease of about 28%[25]. - The total cash outflow for financing activities was $410,358,510.22, down from $655,642,431.24 in the previous year, indicating a reduction of approximately 37%[25]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥1,666,908,820.28, reflecting a decrease of 2.11% from the end of the previous year[6]. - As of September 30, 2023, total current assets amount to ¥1,201,070,533.97, a decrease from ¥1,221,405,837.07 as of December 31, 2022[17]. - Total liabilities decreased to ¥951,050,001.95 from ¥985,047,734.61 year-over-year[18]. - Total assets as of September 30, 2023, are ¥1,666,908,820.28, down from ¥1,702,880,678.15 as of December 31, 2022[17]. - Non-current assets decreased to ¥465,838,286.31 from ¥481,474,841.08 year-over-year[17]. - The company's total liabilities and equity as of the end of the third quarter of 2023 were CNY 1,666,908,820.28, down from CNY 1,702,880,678.15 at the end of the previous quarter[19]. - The equity attributable to shareholders of the parent company was CNY 694,678,489.93, a slight decrease from CNY 696,957,925.03 in the previous quarter[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 61,240[13]. - The largest shareholder, Shanghai Textile (Group) Co., Ltd., holds 127,811,197 shares, accounting for 30.08% of total shares[13]. Operational Efficiency - The company experienced a 48.40% decrease in operating costs year-to-date[10]. - The company’s financial expenses decreased by 63.70%, attributed to increased exchange gains and reduced interest expenses[10]. - The company reported a significant increase of 73.13% in accounts payable due to increased use of notes payable[10]. - Cash paid for purchasing goods and services in the first three quarters of 2023 was CNY 951,591,918.87, a decrease of 50.1% compared to CNY 1,908,045,160.18 in the previous year[24]. - The company reported a decrease in research and development expenses to CNY 15,163,913.76 in the first three quarters of 2023, down from CNY 19,717,789.30 in the same period of 2022[21]. Strategic Developments - The company has not reported any significant new strategies or product developments during the quarter[15]. - The company did not adopt new accounting standards for the current year, maintaining consistency in financial reporting[26]. - The report was released by the board of directors on October 27, 2023, ensuring timely communication of financial performance[26].