SOPO(SH:600746)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,474,966,248.56, a decrease of 10.88% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 106,991,004.45, with a year-to-date net profit of CNY -149,157,991.42, reflecting a decline of 121.02%[5]. - The basic earnings per share for Q3 2023 was CNY 0.0916, while the year-to-date basic earnings per share was CNY -0.1277, a decrease of 121.02%[6]. - The company's revenue for the year-to-date period decreased by 35.00%, primarily due to a decline in product sales prices[10]. - The net profit attributable to shareholders for the year-to-date period decreased by 121.02%, mainly due to a decrease in product sales prices[10]. - The net profit for the third quarter of 2023 was a loss of CNY 149,157,991.42, compared to a profit of CNY 709,608,482.21 in the same quarter of 2022, reflecting a significant decline[21]. - The operating profit for the first three quarters of 2023 was a loss of CNY 187,777,579.28, contrasting with an operating profit of CNY 839,006,854.76 in the previous year[20]. - The net profit for the first three quarters of 2023 was a loss of ¥94,934,590.57, compared to a profit of ¥650,808,495.00 in the same period of 2022, indicating a significant decline[31]. - The company experienced a substantial decline in total profit, reporting a loss of ¥116,897,892.07 for the first three quarters of 2023, compared to a profit of ¥758,709,557.54 in the same period of 2022[30]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was CNY 45,394,618.00, down 94.80% compared to the previous year[6]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 45,394,618, a decrease of 94.8% compared to CNY 872,914,412 in the same period of 2022[23]. - Total cash inflow from investment activities in the first three quarters of 2023 was CNY 143,447,773.84, down from CNY 2,613,348,968.36 in 2022, representing a decline of 94.5%[23]. - Cash flow from financing activities in Q3 2023 showed a net outflow of CNY 12,342,503.93, compared to a net outflow of CNY 1,320,358,081.69 in Q3 2022[24]. - The company's cash and cash equivalents at the end of Q3 2023 were CNY 557,710,874.01, down from CNY 945,155,444.59 at the end of 2022, a decrease of 41%[24]. - The company's retained earnings as of September 30, 2023, were CNY 1,117,949,083.94, down from CNY 1,446,452,251.31 at the end of 2022, a decline of 22.8%[28]. - The company's total assets as of September 30, 2023, were CNY 5,885,947,100.53, slightly down from CNY 5,887,515,861.20 at the end of 2022[26]. - Total assets at the end of the reporting period were CNY 6,274,397,738.22, an increase of 1.24% from the end of the previous year[6]. - Current assets totaled RMB 1,963,292,310.69, down from RMB 2,191,895,144.70 at the end of 2022, indicating a decrease of about 10.43%[16]. - Total current assets as of September 30, 2023, were CNY 1,392,162,425.32, a decrease of 23.6% from CNY 1,823,388,059.12 at the end of 2022[27]. Liabilities and Equity - The total liabilities as of the third quarter of 2023 were CNY 1,173,052,192.10, compared to CNY 717,928,837.69 in the previous year, indicating an increase of approximately 63.5%[20]. - The total liabilities as of September 30, 2023, amounted to CNY 853,635,012.09, an increase from CNY 528,850,924.64 at the end of 2022[28]. - The equity attributable to shareholders decreased by 6.91% to CNY 5,101,345,546.12 compared to the end of the previous year[6]. - The total equity attributable to shareholders was CNY 5,101,345,546.12, down from CNY 5,479,778,366.75 in the previous year, representing a decrease of about 6.9%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,179[12]. - The top ten shareholders collectively hold 866,998,052 shares, with the largest shareholder being Jiangsu Sop Group Co., Ltd.[14]. - The company has issued 233,000,000 shares as part of a private placement of exchangeable bonds[14]. Research and Development - Research and development expenses for the first three quarters of 2023 amounted to CNY 154,003,305.09, a decrease from CNY 170,265,508.94 in the same period of 2022, showing a reduction of about 9.6%[20]. - Research and development expenses for the first three quarters of 2023 were ¥124,724,907.30, a decrease of about 27% from ¥170,265,508.94 in the same period of 2022[29]. Other Financial Metrics - The company reported non-recurring gains of CNY 626,681.61 for the current period[8]. - Financial expenses improved, with a net income of -¥11,250,294.27 compared to -¥28,041,735.55 in the same period of 2022, indicating a reduction in financial costs[29]. - The company reported a significant increase in tax refunds received, amounting to ¥206,571,452.95 compared to ¥34,821,382.94 in the previous year[31].