Shinghwa Advanced Material (SH:603026)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥1,541,019,339, a decrease of 49.29% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was ¥50,922,216, representing a decline of 75.86% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥49,314,009, down 76.15% from the previous year[5]. - The basic earnings per share for Q3 2023 was ¥0.25, a decrease of 75.96% compared to the same period last year[6]. - The diluted earnings per share for Q3 2023 was also ¥0.25, reflecting a 75.96% decline year-over-year[11]. - Total operating revenue for the first three quarters of 2023 was CNY 4,399,374,393.98, a decrease of 31.9% compared to CNY 6,465,517,379.33 in the same period of 2022[21]. - Net profit for the first three quarters of 2023 was CNY 18,565,467.63, a significant decline from CNY 876,988,294.31 in the same period of 2022[24]. - The company reported a total profit of CNY 14,717,922.79 for the third quarter of 2023, compared to CNY 1,041,069,374.52 in the same quarter of 2022[24]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥187,079,462.29, indicating a significant decline of 118.72%[6]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 5,304,159,622.53, down from CNY 6,476,617,626.79 in the same period of 2022[26]. - Cash received from sales of goods and services was CNY 4,988,300,138.50, a decrease of 20.9% compared to CNY 6,305,628,684.35 in the previous year[26]. - The net cash flow from operating activities was -$187.08 million, a significant decrease compared to $999.40 million in the same quarter last year[27]. - The ending balance of cash and cash equivalents was $836.51 million, down from $1.71 billion at the end of the previous year[28]. - Cash inflow from investment recovery was $50.77 million, down from $131.55 million year-over-year[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,865,428,175, an increase of 7.18% from the end of the previous year[6]. - Total current assets amounted to RMB 2,184,938,430.24, a decrease from RMB 3,214,002,754.55 at the end of 2022[16]. - Total non-current assets increased to RMB 4,680,489,745.01 from RMB 3,191,562,217.55 in 2022[18]. - Total liabilities as of the end of the third quarter of 2023 amounted to CNY 2,384,589,396.34, an increase from CNY 1,952,750,466.80 at the end of the previous year[23]. - Total current liabilities increased to RMB 1,936,205,708.57 from RMB 1,716,690,582.03 year-over-year[18]. Shareholder Information - The company reported a total of 42,975 common stock shares outstanding as of the reporting date[14]. - The top shareholder, Beijing Zhehou New Energy Technology Development Co., Ltd., holds 27,202,569 shares, representing 13.42% of total shares[14]. - The company has a total of 10 major shareholders, with significant stakes held by state-owned entities[14]. Cost and Expenses - Total operating costs for the first three quarters of 2023 were CNY 4,396,225,927.46, down 19.3% from CNY 5,446,083,098.65 in the previous year[23]. - Cash paid to employees increased to $281.74 million from $243.05 million year-over-year[27]. - Cash paid for taxes decreased significantly to $64.75 million from $314.11 million in the previous year[27].