Shanghai Yashi(SH:603329)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥535,445,298.62, a decrease of 13.75% compared to the same period last year[4] - The net profit attributable to shareholders for the first nine months of 2023 was -¥7,582,853.88, reflecting a decline of 105.45% year-on-year[4] - Total operating revenue for the first three quarters of 2023 was CNY 1,813,298,081.05, a decrease of 27.3% compared to CNY 2,493,188,990.45 in the same period of 2022[19] - Net profit for the third quarter of 2023 was CNY -10,613,470.73, compared to a net profit of CNY 143,532,304.06 in the same quarter of 2022, indicating a significant decline[20] - The company reported a total comprehensive loss of CNY -9,420,225.24 for the third quarter of 2023, compared to a comprehensive income of CNY 143,274,924.34 in the same quarter of 2022[20] Earnings and Shares - The basic earnings per share for Q3 2023 was ¥0.17, while the diluted earnings per share was also ¥0.17, compared to -¥0.05 in the same period last year, indicating a significant recovery[5] - Basic and diluted earnings per share for the third quarter of 2023 were both CNY -0.05, down from CNY 0.88 in the same quarter of 2022[21] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥2,249,918,830.93, representing a 5.04% increase from the end of the previous year[5] - Total assets as of September 30, 2023, amounted to RMB 2,249,918,830.93, an increase from RMB 2,141,908,538.23 at the end of 2022, reflecting a growth of approximately 5.06%[14] - Total liabilities as of the end of the third quarter of 2023 amounted to CNY 991,618,982.67, an increase from CNY 847,681,355.89 at the end of the previous year[18] - Non-current liabilities increased to CNY 515,173,579.30 from CNY 384,489,129.95, representing a growth of 34.0%[18] - The company's total equity decreased to CNY 1,258,299,848.26 from CNY 1,294,227,182.34, reflecting a decline of 2.8%[18] Cash Flow - The cash flow from operating activities for the first nine months of 2023 was -¥58,886,547.56, a decline of 180.64% year-on-year, primarily due to increased inventory purchases and advance payments[9] - Cash inflow from operating activities for the first three quarters of 2023 was CNY 2,169,195,141.69, a decrease of 25.2% compared to CNY 2,901,536,753.86 in the same period of 2022[22] - Net cash flow from operating activities was negative CNY 58,886,547.56, contrasting with a positive CNY 73,023,476.91 in the first three quarters of 2022[22] - Cash inflow from investment activities totaled CNY 14,106,335.03, an increase of 60.0% from CNY 8,786,772.46 in the previous year[23] - Cash inflow from financing activities was CNY 429,831,616.19, significantly higher than CNY 136,690,484.26 in the previous year, marking an increase of 214.0%[23] Inventory and Receivables - Current assets totaled RMB 933,304,177.38, compared to RMB 907,974,846.04 at the end of 2022, indicating an increase of about 2.93%[16] - Accounts receivable rose to RMB 185,531,621.87, up from RMB 132,875,298.63, marking an increase of around 39.7%[14] - Inventory increased significantly to RMB 208,298,017.78 from RMB 132,673,178.07, reflecting a growth of approximately 56.9%[16] Shareholder Information - The company reported a total of 11,988 common shareholders at the end of the reporting period[12] - The largest shareholder, Jiangsu Yashi Investment Group Co., Ltd., holds 71,408,131 shares, representing 44.98% of total shares[12] Strategic Developments - The company is currently developing the "Belt and Road Supply Chain Base" project in Lianyungang, which is still under construction and has not yet been operational[9] - The company is facing challenges in its overseas projects, which are still in the construction phase and have not yet formed a cross-border supply chain logistics channel[9] Accounting and Standards - The company is adapting to new accounting standards effective from January 1, 2023, which may impact future financial reporting[24]