Ye Chiu Resources(SH:601388)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,868,807,782.39, a decrease of 8.92% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥19,522,101.22, down 91.38% year-on-year, while the net profit excluding non-recurring gains and losses was ¥33,535,696.59, a decrease of 84.90%[5]. - Basic and diluted earnings per share were both ¥0.0088, reflecting a decline of 91.45% compared to the same period last year[6]. - The total operating revenue for the first three quarters of 2022 was CNY 5,847,641,450.50, a decrease of 2.57% compared to CNY 6,002,899,698.97 in the same period of 2021[17]. - Net profit for the third quarter of 2022 was CNY 290,229,098.32, down 55.66% from CNY 652,702,375.43 in the same quarter of 2021[18]. - The total comprehensive income for Q3 2022 was CNY 407,035,616.04, a decrease from CNY 602,855,205.08 in Q3 2021, representing a decline of approximately 32.4%[19]. - Basic and diluted earnings per share for Q3 2022 were CNY 0.1318, down from CNY 0.2965 in Q3 2021, reflecting a decrease of about 55.6%[19]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date period increased by 112.09% to ¥856,752,329.10[5]. - Net cash flow from operating activities for the first three quarters of 2022 was CNY 856,752,329.10, an increase of 112.5% compared to CNY 403,955,219.99 in the same period of 2021[21]. - The ending balance of cash and cash equivalents as of Q3 2022 was CNY 1,149,462,031.80, an increase from CNY 845,538,705.12 at the end of Q3 2021, representing a growth of approximately 36%[22]. - Total cash outflow for operating activities in Q3 2022 was CNY 5,322,412,566.32, a decrease from CNY 5,594,410,073.12 in Q3 2021, reflecting a reduction of approximately 4.9%[21]. - The company's cash and cash equivalents were not explicitly detailed, but total current assets amounted to CNY 4,008,811,959.67, down from CNY 4,139,867,500.99[16]. Liabilities and Equity - The total liabilities decreased to CNY 1,711,987,893.16 from CNY 1,885,039,236.29 year-on-year, reflecting a reduction of approximately 9.15%[15]. - The company's retained earnings increased to CNY 1,781,716,918.64, compared to CNY 1,667,609,281.85 in the previous year, showing growth in shareholder equity[16]. - The company’s total equity attributable to shareholders reached CNY 4,104,010,295.37, an increase from CNY 3,864,426,842.96 year-on-year[16]. - The total number of ordinary shareholders at the end of the reporting period was 80,479, with the largest shareholder holding 35.64% of the shares[10]. Operational Challenges - The net profit decline was attributed to reduced domestic capacity utilization due to import policy impacts, increased exchange losses from currency fluctuations, and a significant drop in downstream customer demand[8]. - The company reported a net loss from non-operating income and expenses of ¥14,013,595.37 for the current period[8]. Research and Development - Research and development expenses increased to CNY 3,642,388.59, up from CNY 2,015,893.78 in the previous year, indicating a focus on innovation[17]. - The company has not disclosed any new product developments or market expansion strategies in the current report[12]. Investment and Financing - The company reported an investment income of CNY 7,938,016.60, significantly higher than CNY 2,709,058.39 in the same period last year[17]. - Net cash flow from investing activities for the first three quarters of 2022 was -CNY 154,022,997.83, worsening from -CNY 47,032,757.09 in the same period of 2021[21]. - Cash flow from financing activities for the first three quarters of 2022 resulted in a net outflow of -CNY 383,954,502.02, compared to -CNY 136,783,328.66 in 2021, indicating a decline in financing efficiency[22]. - The company received CNY 964,658,842.05 in cash from borrowings during the first three quarters of 2022, down from CNY 1,607,517,121.31 in the same period of 2021, indicating a reduction of about 40%[22].