Dcenti(SH:603335)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥452,466,974.33, a decrease of 6.87% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥29,934,025.52, with a year-to-date loss of ¥89,737,559.88, reflecting a significant decline of 2,363.67% year-on-year[5]. - The basic and diluted earnings per share for the quarter were both -¥0.07, representing a decrease of 247.98% compared to the previous year[6]. - The weighted average return on equity was -5.73%, a decrease of 4.62 percentage points from the previous year[6]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was a loss of ¥30,135,527.15 for the quarter, with a year-to-date loss of ¥90,528,744.62, a decrease of 860.63% year-on-year[5]. - The company reported a net loss of CNY 26,130,266.51 for the third quarter of 2023, compared to a profit of CNY 63,607,293.37 in the same quarter of 2022[25]. - The net profit for Q3 2023 was -121,656,767.22 RMB, compared to a net profit of 19,945,127.99 RMB in Q3 2022, indicating a significant decline[30]. - The total profit for Q3 2023 was -163,202,275.33 RMB, down from 28,873,699.00 RMB in the same period last year[30]. - Operating profit for Q3 2023 was -162,570,906.17 RMB, compared to an operating profit of 31,885,139.88 RMB in Q3 2022[30]. - The total comprehensive income for Q3 2023 was -114,579,670.78 RMB, compared to 46,254,503.08 RMB in Q3 2022[30]. - Basic and diluted earnings per share for Q3 2023 were both -0.21 RMB, compared to 0.01 RMB in Q3 2022[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,607,623,744.96, down 2.27% from the end of the previous year[6]. - Total assets decreased to CNY 1,607,623,744.96 in Q3 2023 from CNY 1,644,984,481.12 in Q3 2022, indicating a contraction in the asset base[25]. - Total liabilities increased slightly to CNY 999,125,207.49 in Q3 2023 from CNY 992,145,831.68 in Q3 2022, showing stable leverage[24]. - The company provided guarantees totaling RMB 33,585.94 million, which represents 66.12% of the latest audited net assets[19]. - The company has not provided any financial assistance to subsidiaries as of the reporting period, with a total balance of RMB 0[20]. Cash Flow - The company reported cash flow from operating activities of -¥10,261,526.38 for the year-to-date period[6]. - Cash flow from operating activities for the first nine months of 2023 was -10,261,526.38 RMB, an improvement from -136,292,124.79 RMB in the same period of 2022[33]. - Cash inflow from operating activities in Q3 2023 was 1,443,888,986.91 RMB, compared to 1,253,679,631.15 RMB in Q3 2022, reflecting a year-over-year increase[33]. - Cash outflow from operating activities in Q3 2023 was 1,454,150,513.29 RMB, compared to 1,389,971,755.94 RMB in Q3 2022[34]. - The net cash flow from investing activities for Q3 2023 was -169,774,265.91 RMB, compared to -123,466,993.13 RMB in Q3 2022[34]. - Cash flow from financing activities in Q3 2023 was 190,782,915.99 RMB, down from 213,793,718.68 RMB in Q3 2022[34]. Operational Challenges - The company is investing heavily in upgrading production lines, which has increased financial costs and contributed to the decline in profits[10]. - The fluctuation in raw material prices has significantly impacted production costs, leading to a decrease in profitability for the company[10]. - Financial expenses increased by 181.83 million due to higher operational costs and increased sales volume[13]. - The company plans to continue its strategic initiatives in smart manufacturing and green food production lines to stabilize and grow its main business revenue[10]. - The company plans to continue upgrading production lines and expanding its market presence[11]. - The company plans to continue focusing on market expansion and product development to drive future growth despite current financial challenges[28]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,522[16]. - The top shareholder, Jiangmen Lihong Investment Co., Ltd., holds 119,343,500 shares, accounting for 27.87% of total shares[16]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder being a foreign entity, LEXIN INTERNATIONAL INC, holding 78,669,500 shares or 18.37%[16]. - The company has no overdue guarantees and has not provided guarantees for shareholders or related parties[19]. Research and Development - The company invested heavily in R&D, with expenses amounting to 30.85 million for the current period[13]. - Research and development expenses increased to CNY 27,619,894.86 in 2023 from CNY 21,108,087.65 in 2022, indicating a focus on innovation[28]. Inventory Management - The company’s inventory decreased by 29.91% as a result of precise procurement strategies[12]. - Inventory decreased to CNY 382,011,319.06 in Q3 2023 from CNY 545,011,364.16 in Q3 2022, indicating improved inventory management[23].