FJC(SH:600802)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥468,542,868.34, a decrease of 33.32% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was -¥94,955,876.10, representing an increase in loss of 13.64% year-on-year[5]. - The basic earnings per share for Q3 2023 was -¥0.21, a decrease of 13.64% year-on-year[5]. - The weighted average return on equity was -6.32%, a decrease of 0.48 percentage points compared to the same period last year[5]. - Net profit for the first three quarters of 2023 was a loss of CNY 293,105,929.06, compared to a loss of CNY 276,206,546.25 in the same period of 2022[18]. - The net profit attributable to the parent company for Q3 2023 was -227,601,947.45 RMB, compared to -198,381,630.33 RMB in Q3 2022, indicating a decline of approximately 14.74% year-over-year[19]. - The total comprehensive income for Q3 2023 was -320,630,857.66 RMB, slightly improved from -344,337,138.00 RMB in Q3 2022, reflecting a decrease of about 6.91%[19]. - The basic and diluted earnings per share for Q3 2023 were both -0.50 RMB, compared to -0.43 RMB in Q3 2022, representing a decline of approximately 16.28%[19]. Revenue and Costs - Total operating revenue for the first three quarters of 2023 was CNY 1,494,830,995.32, a decrease of 21.2% compared to CNY 1,895,464,310.51 in the same period of 2022[18]. - Total operating costs for the first three quarters of 2023 were CNY 1,826,646,353.50, down 18% from CNY 2,227,413,605.86 in 2022[18]. - The decline in revenue was primarily due to a decrease in cement sales volume and average selling price compared to the previous year[8]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,995,719,488.71, down 4.72% from the end of the previous year[6]. - Current assets as of September 30, 2023, totaled CNY 445,230,549.64, a decrease of 17.9% from CNY 542,513,759.62 at the end of 2022[14]. - Total liabilities as of September 30, 2023, were CNY 2,651,175,986.82, an increase of 4.6% from CNY 2,533,347,763.06 at the end of 2022[15]. - The total equity attributable to shareholders decreased to CNY 1,284,983,505.49 as of September 30, 2023, down from CNY 1,535,011,653.38 at the end of 2022[15]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥148,559,977.65, a decrease of 7.82% year-on-year[5]. - Cash inflows from operating activities for the first three quarters of 2023 were 1,626,126,373.81 RMB, down from 1,937,966,563.19 RMB in the same period of 2022, a decrease of about 16.06%[22]. - The net cash flow from operating activities for the first three quarters of 2023 was -148,559,977.65 RMB, worsening from -137,784,349.94 RMB in the first three quarters of 2022[22]. - Cash inflows from financing activities for the first three quarters of 2023 were 979,000,000.00 RMB, an increase from 930,338,469.32 RMB in the same period of 2022, reflecting a growth of approximately 5.22%[23]. - The net cash flow from financing activities for the first three quarters of 2023 was 232,869,225.58 RMB, significantly improved from 113,867,576.98 RMB in the first three quarters of 2022[23]. - The cash and cash equivalents at the end of Q3 2023 were 136,195,477.97 RMB, compared to 174,022,469.15 RMB at the end of Q3 2022, indicating a decrease of about 21.73%[23]. Shareholder Information - The company reported a total of 43,179 common shareholders at the end of the reporting period[10]. - The largest shareholder, Fujian Provincial Building Materials (Holding) Co., Ltd., holds 28.78% of the shares, totaling 131,895,707 shares[10]. Research and Development - The company reported a significant reduction in R&D expenses, which fell to CNY 2,633,772.84 in the first three quarters of 2023 from CNY 41,786,983.67 in the same period of 2022[18]. Inventory and Borrowings - Inventory as of September 30, 2023, was CNY 185,934,498.94, down 41.4% from CNY 317,526,201.18 at the end of 2022[13]. - Short-term borrowings increased to CNY 1,109,444,216.67 as of September 30, 2023, compared to CNY 856,912,280.67 at the end of 2022[14].