Trendzone(SH:603030)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥248,488,173.03, a decrease of 42.05% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥23,094,057.19, representing an increase of 60.79% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥26,107,060.97, a decrease of 49.94% compared to the same period last year[6]. - Total revenue for the first three quarters of 2023 was ¥783,408,938.07, a decrease of 43.6% compared to ¥1,391,654,174.66 in the same period of 2022[24]. - The company reported a net loss attributable to shareholders of ¥1,431,570,456.68, slightly improved from a loss of ¥1,439,456,727.83 in the same period of 2022[22]. - The net profit attributable to the parent company's shareholders for Q3 2023 was ¥7,632,335.90, compared to a net loss of ¥710,408,633.58 in the same period last year[26]. - The total comprehensive income attributable to the parent company's owners for Q3 2023 was ¥8,396,635.06, down from a loss of ¥716,321,477.41 in Q3 2022[27]. - Basic and diluted earnings per share for Q3 2023 were both ¥0.01, compared to a loss of ¥1.22 per share in Q3 2022[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,534,434,607.01, down 57.98% from the end of the previous year[6]. - Total liabilities as of September 30, 2023, were ¥2,553,771,095.08, down from ¥6,121,510,909.83 at the end of 2022[22]. - Cash and cash equivalents decreased to ¥184,253,727.49 from ¥273,207,880.58 at the end of 2022, representing a decline of 32.6%[20]. - Accounts receivable decreased significantly to ¥434,081,722.04 from ¥2,120,774,407.49, a drop of 79.6%[20]. - Inventory decreased to ¥286,611,405.78 from ¥731,446,882.98, a reduction of 60.8%[20]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥73,102,057.39, an increase of 206.78% compared to the same period last year[6]. - Cash flow from operating activities for the first three quarters of 2023 was ¥1,145,865,468.30, a decrease from ¥1,652,134,381.23 in the same period of 2022[28]. - The net cash flow from operating activities for Q3 2023 was ¥73,102,057.39, an increase from ¥23,828,781.11 in Q3 2022[29]. - Cash flow from investing activities for the first three quarters of 2023 resulted in a net outflow of ¥4,627,301.15, compared to a net inflow of ¥34,452,083.78 in the same period of 2022[29]. - Cash flow from financing activities for Q3 2023 showed a net outflow of ¥24,434,233.76, compared to a net outflow of ¥99,873,162.77 in Q3 2022[29]. - The total cash and cash equivalents at the end of Q3 2023 were ¥165,915,304.35, up from ¥132,799,396.95 at the end of Q3 2022[29]. Strategic Actions - The company has strategically reduced low-margin high-risk businesses, contributing to the decrease in operating revenue[11]. - The bankruptcy liquidation of subsidiaries has led to a significant reduction in business volume and losses not being included in the consolidated scope[11]. - The company is not applying any non-recurring gains and losses as regular income items in its financial reporting[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the current period is 49.94 million RMB, reflecting a strategic contraction to reduce low-margin high-risk businesses[12]. - The company has signed a restructuring investment agreement with a consortium on July 8, 2023, to address its financial difficulties[16]. - A subsidiary of the company is undergoing bankruptcy liquidation proceedings, with the company contesting the claims, indicating ongoing legal and financial challenges[17]. - The company has received a notice from creditors applying for restructuring, highlighting significant uncertainty regarding its financial future[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 17,486, with the largest shareholder holding 23.61% of the shares[14]. Research and Development - Research and development expenses for the first three quarters of 2023 were ¥23,625,518.57, down 46.3% from ¥43,968,056.69 in 2022[25].