DAFENG INDUSTRY(SH:603081)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥571,206,075.11, a decrease of 15.96% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥2,310,030.24, down 97.61% year-on-year[5]. - The basic earnings per share for the current period was ¥0.01, a decline of 95.65% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2023 was CNY 1,705,064,202.79, a decrease of 5.25% compared to CNY 1,799,542,483.25 in the same period of 2022[20]. - Net profit for the third quarter of 2023 was CNY 124,220,479.75, down 45.00% from CNY 226,639,936.87 in the same quarter of 2022[21]. - Earnings per share for the third quarter of 2023 were CNY 0.30, compared to CNY 0.56 in the same quarter of 2022[22]. - Net profit for the first three quarters of 2023 was ¥58,408,429.98, a decrease of approximately 77.9% compared to ¥264,138,471.13 in the same period of 2022[33]. - Operating profit for the third quarter was ¥62,391,613.01, down from ¥308,949,512.69 in the previous year, reflecting a significant decline of about 79.8%[32]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,054,428,235.15, an increase of 5.15% from the end of the previous year[6]. - As of September 30, 2023, total assets amounted to CNY 8,054,428,235.15, an increase from CNY 7,659,636,484.77 at the end of 2022[15]. - Total liabilities were CNY 4,200,000,000, with current liabilities at CNY 3,000,000,000[17]. - Total liabilities as of the end of the third quarter of 2023 amounted to CNY 5,076,472,473.88, an increase from CNY 4,764,626,815.00 at the end of the previous year[19]. - Total equity attributable to shareholders of the parent company was CNY 2,922,469,628.50, compared to CNY 2,852,503,495.28 in the previous year[19]. - Total liabilities decreased slightly to ¥2,539,265,979.32 from ¥2,562,697,379.93, reflecting a reduction of approximately 0.9%[32]. Cash Flow - The cash flow from operating activities for the current period was ¥98,523,846.22, with a significant decrease in cash outflow year-to-date[5][10]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 1,442,224,560.44, a decrease from CNY 1,578,934,403.72 in the same period of 2022[24]. - Net cash flow from operating activities for Q3 2023 was -182,803,269.72 RMB, a decrease from -498,578,406.94 RMB in Q3 2022[25]. - The company's cash flow from operating activities showed a net outflow of ¥263,423,029.74, an improvement from a net outflow of ¥320,315,493.61 in the previous year[34]. Investments and Expenses - The company reported a decrease in investment income to CNY 2,409,143.57 for the first three quarters of 2023, down from CNY 8,535,057.47 in the same period of 2022[20]. - The company reported a significant increase in long-term equity investments to CNY 10,343,244.31 from CNY 7,644,589.67, a rise of approximately 35.3%[17]. - The company reported a decrease in research and development expenses to ¥50,818,148.56 from ¥58,102,749.55 year-over-year, indicating a reduction of about 12.2%[31]. - The company’s financial expenses improved, with a net financial cost of -¥406,407.53 compared to -¥15,030,556.06 in the previous year, indicating a significant reduction in financial costs[31]. Shareholder Information - The top ten shareholders hold a combined 70.5% of the shares, with the largest shareholder owning 23.41%[14]. - The company’s total equity increased to ¥2,655,506,301.79 from ¥2,651,634,414.70, showing a marginal increase of about 0.1%[32]. Operational Challenges - The company experienced a decline in gross profit margins due to insufficient new project commencement rates and lower-than-expected progress on certain projects[10]. - The company is focusing on improving project execution and cash flow management as it enters operational phases for its PPP projects[10].