SCGS(SH:600678)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥72,161,765.90, a decrease of 6.52% compared to the same period last year[5] - The net profit attributable to shareholders was -¥12,920,455.53, representing a significant decline of 147.33% year-on-year[5] - Year-to-date revenue reached ¥238,297,215.51, down 8.06% from the previous year[5] - The basic and diluted earnings per share for the quarter were both -¥0.0371, reflecting a decrease of 147.33% compared to the same period last year[6] - Operating profit for the third quarter was CNY -6,370.33, a significant decrease from CNY 25,746,310.39 in the previous year[29] - Net profit for the first three quarters of 2023 was CNY -6,876,267.21, compared to a net profit of CNY 8,038,030.95 in the same period of 2022, indicating a decline of approximately 185.6%[29] - The company's basic earnings per share decreased year-on-year due to the aforementioned reasons[11] Assets and Liabilities - Total assets at the end of the reporting period were ¥798,549,353.60, an increase of 24.65% from the end of the previous year[6] - The total liabilities increased to CNY 531,012,983.16 in Q3 2023 from CNY 367,396,750.93 in Q3 2022, reflecting a growth of about 44.4%[26] - The company's total equity decreased to CNY 267,536,370.44 in Q3 2023 from CNY 273,219,272.96 in Q3 2022, a decline of approximately 2.1%[26] - Long-term borrowings increased to CNY 153,500,000.00 in Q3 2023 from CNY 30,000,000.00 in Q3 2022, marking a rise of approximately 411.7%[26] Cash Flow - The company reported a cash flow from operating activities of ¥12,630,685.56 year-to-date, down 82.77% compared to the previous year[6] - Net cash flow from operating activities for Q3 2023 was $12,630,685.56, a decrease of 82.8% compared to $73,306,803.84 in Q3 2022[33] - Cash flow from operating activities for the first three quarters of 2023 was CNY 322,454,990.84, up from CNY 230,231,314.65 in the same period of 2022, an increase of about 40.0%[32] - Total cash inflow from operating activities was $339,171,489.73, an increase from $284,366,672.68 in Q3 2022[33] Revenue Sources - The decrease in revenue was attributed to lower sales prices despite an increase in sales volume for mineral products, leading to a gross profit reduction of ¥9 million for mineral products[10] - The company’s new freight business contributed an additional revenue of ¥3,442,000 during the reporting period[10] - The company's gross profit from ore products decreased by 6.58 million RMB due to a decline in sales prices, despite an increase in ore sales volume by 245,000 tons[11] - The gross profit from calcium oxide products decreased by 2.94 million RMB, primarily due to a decrease in sales prices and a reduction in sales volume by 146,400 tons[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,552[14] - The top shareholder, Shenzhen Pusuzhichun Investment Enterprise, holds 20.50% of the shares, totaling 71,553,484 shares[14] - The company has no known related party relationships among the top ten shareholders[15] Future Plans and Financing - The company plans to apply for a loan of 220 million RMB for its subsidiary's environmental building materials project, with a loan term of 6 years[16] - The company plans to apply for a total financing limit of up to RMB 650 million from banks and financial institutions in 2023, with collateral provided by its own assets[20] - The company has initiated a stock issuance plan to specific targets, which has been accepted for review by the Shanghai Stock Exchange[20] Inventory and Investments - The company’s inventory as of September 30, 2023, is valued at RMB 1.24 million, down from RMB 8.07 million in the previous year[23] - The company received $4,450,000.00 from investments in subsidiaries, compared to $2,550,000.00 in Q3 2022[34] - The company reported a net cash flow from investment activities of -$80,312,945.67, worsening from -$74,459,142.84 in Q3 2022[33] Other Financial Metrics - The company recorded a credit impairment loss of CNY -785,258.62 in Q3 2023, compared to CNY -54,115.18 in the previous year[29] - Other comprehensive income after tax for the first three quarters of 2023 was CNY 8,485.60, with no comparable figure reported for the previous year[30] - The company distributed dividends and profits totaling $10,670,112.05, compared to $2,661,519.47 in the same quarter last year[34]