Yibin paper(SH:600793)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was approximately ¥509.89 million, a decrease of 20.52% compared to ¥641.57 million in the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was approximately -¥31.68 million, representing a decline of 289.88% year-on-year[9]. - The basic earnings per share for Q3 2023 was -¥0.1522, a decrease of 290.01% compared to ¥0.0799 in the same period last year[6]. - The net profit attributable to shareholders for the year-to-date period was approximately -¥59.49 million, a decline of 317.56% compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2023 was CNY 1,681,370,972.96, a decrease of 6.5% compared to CNY 1,797,308,358.91 in the same period of 2022[19]. - Net profit for the third quarter of 2023 was CNY -59,489,998.92, compared to a net profit of CNY 27,344,575.92 in the same quarter of 2022, indicating a significant decline[21]. - The company reported a total comprehensive income of CNY -59,489,998.92 for the third quarter of 2023, compared to CNY 27,344,575.92 in the same quarter of 2022[22]. Assets and Liabilities - The total assets at the end of Q3 2023 were approximately ¥2.59 billion, a decrease of 9.52% from the previous year[6]. - The total equity attributable to shareholders at the end of Q3 2023 was approximately ¥598.53 million, a decrease of 9.04% compared to the previous year[6]. - As of September 30, 2023, total current assets decreased to 558,508,021 RMB from 710,143,563 RMB at the end of 2022, representing a decline of approximately 21.4%[15]. - The total assets of the company as of September 30, 2023, are 2,585,231,767 RMB, down from 2,857,185,615 RMB at the end of 2022, indicating a decrease of about 9.5%[16]. - Total liabilities as of the end of the third quarter of 2023 amounted to CNY 1,986,698,388.91, compared to CNY 2,199,162,238.05 at the end of the same period in 2022[20]. Cash Flow - The cash flow from operating activities for Q3 2023 was approximately ¥115.52 million, down 25.00% from ¥154.02 million in the same period last year[6]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 1,843,031,587.88, an increase from CNY 1,610,020,887.77 in the same period of 2022[23]. - The net cash flow from operating activities for Q3 2023 was $217,743,035.40, a decrease of 28.5% compared to $304,968,819.11 in Q3 2022[24]. - The total cash outflow from operating activities was $1,625,288,552.48, up from $1,305,052,068.66 in the previous year[24]. - The company experienced a net decrease in cash and cash equivalents of $11,132,951.36 for Q3 2023, compared to a decrease of $96,612,448.60 in Q3 2022[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,275[11]. - The largest shareholder, Sichuan Yibin Wuliangye Group Co., Ltd., holds 79,368,520 shares, accounting for 44.8% of the total shares[12]. Impairment and Provisions - The company recognized an inventory impairment provision of approximately 2,367,352 RMB in the third quarter[14]. - The company increased its bad debt provision to 29,137,373 RMB, up from 27,692,869 RMB at the beginning of the year[14]. - The company has implemented a comprehensive asset impairment test as of September 30, 2023, in accordance with accounting standards[13]. Research and Development - Research and development expenses for the third quarter of 2023 were CNY 6,855,075.15, slightly up from CNY 6,308,088.43 in the same quarter of 2022[20]. Accounting Standards - The company did not adopt new accounting standards for the current year, maintaining consistency in financial reporting[25].