Grace(SH:603256)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥208,592,977.02, representing a 72.78% increase compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was -¥22,819,945.73, a decrease of 389.87% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was -¥26,566,491.13, reflecting a significant decline of 4,979.55% compared to the previous year[5] - The company experienced a significant decline in net profit for the year-to-date period, with a decrease of 204.28% attributed to lower sales prices and increased fixed costs[10] - The company reported a 72.78% increase in revenue for the current quarter, primarily due to increased sales volume despite lower sales prices[10] - Total operating revenue for the first three quarters of 2023 reached ¥496,823,254.22, an increase of 8.8% compared to ¥459,896,524.02 in the same period of 2022[19] - Net profit for the first three quarters of 2023 was a loss of ¥43,542,676.63, compared to a profit of ¥41,755,050.13 in the same period of 2022[20] - Basic and diluted earnings per share for the first three quarters of 2023 were both -¥0.05, compared to ¥0.05 in the same period of 2022[21] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was -¥76,263,227.62, indicating a decrease of 124.24% compared to the same period last year[6] - Cash flow from operating activities for the first three quarters of 2023 was ¥412,499,188.82, down 29.1% from ¥581,907,447.63 in the previous year[23] - The net cash flow from operating activities was -76,263,227.62, a significant decrease compared to 314,657,613.67 in the previous period[24] - Total cash inflow from investment activities was 162,322,458.83, down from 412,449,291.70 in the previous period[24] - The net cash flow from financing activities was 5,419,715.97, an improvement from -11,843,269.28 in the previous period[25] - The total cash and cash equivalents at the end of the period were 164,800,578.28, compared to 338,743,035.73 at the end of the previous period[25] - Cash outflow for operating activities totaled 497,136,855.48, an increase from 410,638,825.60 in the previous period[24] - Cash outflow for investment activities was 225,737,263.27, down from 623,832,331.04 in the previous period[24] - Cash inflow from financing activities was 405,477,359.17, slightly lower than 416,467,965.81 in the previous period[25] - The company received 130,000,000.00 from investment recoveries, down from 325,000,000.00 in the previous period[24] - The company paid 341,871,072.26 in debt repayments, compared to 304,726,760.17 in the previous period[25] - The impact of exchange rate changes on cash and cash equivalents was -1,251,557.81, contrasting with a positive impact of 12,701,086.38 in the previous period[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,561,723,851.69, down 1.66% from the end of the previous year[6] - The company's current assets decreased to RMB 833,585,422.27 from RMB 933,817,576.17 year-over-year[16] - Cash and cash equivalents were reported at RMB 176,615,706.16, down from RMB 328,583,760.25 in the previous year[14] - Accounts receivable increased to RMB 259,015,236.13 from RMB 191,411,738.44, indicating a growth of approximately 35.4%[14] - Inventory rose to RMB 211,059,990.05, compared to RMB 173,492,957.98, reflecting an increase of about 21.6%[14] - Short-term borrowings increased to RMB 366,633,457.10 from RMB 332,443,408.97, representing a rise of approximately 10.3%[16] - Total non-current assets reached RMB 1,728,138,429.42, up from RMB 1,671,044,102.47, showing an increase of about 3.4%[16] - The company's total liabilities as of the end of Q3 2023 amounted to ¥1,119,360,201.74, slightly up from ¥1,097,658,481.99 at the end of 2022[17] - The total equity attributable to shareholders decreased to ¥1,442,363,649.95 from ¥1,507,203,196.65 year-over-year[17] - The company reported a significant increase in accounts payable, which rose to RMB 84,266,176.88 from RMB 57,047,331.53, marking an increase of approximately 47.8%[16] Research and Development - Research and development expenses for the first three quarters of 2023 were ¥26,189,636.15, a decrease from ¥29,035,809.86 in the same period of 2022[19] Financial Guidance - The company has not provided any specific guidance or outlook for future performance in the report[14] Financial Expenses and Impairments - The company reported a significant increase in financial expenses, totaling ¥21,575,077.36 in 2023 compared to ¥9,500,656.93 in 2022[19] - The company experienced a net loss from asset impairment of ¥11,414,775.77 in 2023, compared to a gain of ¥7,042,739.08 in the previous year[20]