怡球资源(601388) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥1,634,786,008.27, a decrease of 12.52% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2023 was ¥17,670,211.08, down 9.49% year-on-year, while the year-to-date net profit decreased by 57.25% to ¥124,084,395.87[5] - The net profit excluding non-recurring gains and losses for Q3 2023 was ¥20,046,051.41, a decline of 40.22% compared to the same period last year[5] - Basic earnings per share for Q3 2023 were ¥0.0080, down 8.78%, while the year-to-date basic earnings per share decreased by 57.21%[6] - Total operating revenue for the first three quarters of 2023 was approximately ¥5.14 billion, a decrease of 12.13% compared to ¥5.85 billion in the same period of 2022[17] - Net profit for Q3 2023 was approximately ¥124.11 million, a decline of 57.25% from ¥290.23 million in Q3 2022[19] - Basic and diluted earnings per share for Q3 2023 were both ¥0.0564, down from ¥0.1318 in Q3 2022[20] - Total profit for Q3 2023 was approximately ¥171.25 million, a decrease of 58.80% from ¥415.57 million in Q3 2022[18] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was ¥461,205,290.46, reflecting a decrease of 46.17%[5] - Cash flow from operating activities for the first three quarters of 2023 was approximately ¥461.21 million, a decrease of 46.06% compared to ¥856.75 million in the same period of 2022[20] - The company reported a net cash inflow from operating activities of approximately ¥5.21 billion for the first three quarters of 2023, down from ¥6.18 billion in the same period of 2022[20] - The company's cash and cash equivalents as of September 30, 2023, were CNY 810,372,882.28, down from CNY 1,487,183,994.58 at the end of 2022, indicating a significant decrease of about 45.4%[13] - The ending cash and cash equivalents balance decreased to $783.66 million from $1.15 billion year-over-year[21] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥5,650,591,117.79, a slight increase of 0.22% from the end of the previous year[6] - The total current assets decreased from CNY 3,539,358,973.55 at the end of 2022 to CNY 3,172,283,187.99 as of September 30, 2023, reflecting a decline of approximately 10.4%[13] - The company's total liabilities decreased from CNY 1,410,039,008.37 to CNY 1,376,711,973.68, indicating a reduction of about 2.4%[15] - The total non-current assets increased from CNY 2,098,703,482.75 to CNY 2,478,307,929.80, showing an increase of about 18.1%[14] - The company's short-term borrowings decreased from CNY 533,959,208.90 to CNY 474,195,999.67, a reduction of approximately 11.2%[15] - The total equity attributable to the parent company increased from CNY 4,228,035,145.16 to CNY 4,273,864,944.99, indicating a growth of about 1.1%[15] - The company's long-term borrowings increased significantly from CNY 230,425,666.05 to CNY 411,399,959.47, representing an increase of approximately 78.5%[15] Expenses and Profitability - The company's inventory decreased from CNY 1,487,183,994.58 to CNY 1,162,924,682.75, reflecting a decline of approximately 21.8%[14] - Research and development expenses for Q3 2023 were approximately ¥2.61 million, a decrease of 28.43% from ¥3.64 million in Q3 2022[18] - Sales expenses for Q3 2023 increased to approximately ¥17.97 million, up 25.67% from ¥14.33 million in Q3 2022[18] - The company recorded a net loss from fair value changes of approximately -¥18.07 million in Q3 2023, compared to -¥3.89 million in Q3 2022[18] Non-Operating Income and Expenses - The company reported non-operating income and expenses totaling -¥2,375,840.34 for Q3 2023, primarily due to losses from financial assets[7] Market Conditions - The company experienced a decline in sales prices for its main products, including aluminum alloy ingots and non-ferrous metals, due to weak downstream demand, impacting overall profitability[8] Cash Flow from Investment and Financing Activities - The net cash flow from investment activities was -$303.33 million, compared to -$154.02 million in the previous year, indicating a decline in investment performance[21] - Cash inflow from financing activities increased significantly to $2.13 billion, up from $964.66 million year-over-year[21] - Cash outflow for debt repayment was $2.04 billion, compared to $1.12 billion in the same period last year, reflecting increased debt servicing[21] - The net cash flow from financing activities was -$176.72 million, an improvement from -$383.95 million in the previous year[21] - The company reported a total cash inflow from investment activities of $1.04 billion, up from $884.32 million in the previous year[21] - The cash outflow for investment activities totaled $1.34 billion, compared to $1.04 billion in the same period last year[21] - The impact of exchange rate changes on cash and cash equivalents was $3.42 million, a decrease from $30.68 million in the previous year[21] Accounting Standards - The company has not adopted new accounting standards or interpretations for the current year[21]