HSPC(SH:603353)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥1,002,787,069.89, a decrease of 12.62% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥24,811,921.96, down 26.42% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 45.60% year-to-date[12]. - The total revenue for the year-to-date period was ¥2,923,320,922.70, down 19.34% compared to the same period last year[6]. - Total operating revenue for the first three quarters of 2023 was CNY 2,923,320,922.70, a decrease from CNY 3,624,456,690.46 in the same period of 2022, representing a decline of approximately 19.4%[22]. - The net profit for Q3 2023 was CNY 54,691,387.46, a decrease of 39.6% compared to CNY 90,442,753.69 in Q3 2022[23]. - The basic earnings per share for Q3 2023 was ¥0.23, a decrease of 11.54% compared to the same period last year[7]. - The basic earnings per share for Q3 2023 was CNY 0.46, down from CNY 0.52 in the same period last year[25]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date period increased by 118.47% to ¥19,104,583.86, mainly due to an increase in prepaid wholesale customer payments[12]. - The net cash flow from operating activities for the first nine months of 2023 was CNY 19,104,583.86, compared to a negative cash flow of CNY -103,456,143.98 in the same period last year[26]. - The cash flow from investing activities for Q3 2023 resulted in a net outflow of CNY -179,967,389.01, slightly improved from CNY -199,056,541.31 in Q3 2022[27]. - The total cash and cash equivalents at the end of Q3 2023 was CNY 157,916,792.67, down from CNY 214,774,283.80 at the end of Q3 2022[27]. - The company reported a total tax expense of CNY 14,003,038.83 for Q3 2023, compared to CNY 32,106,080.92 in Q3 2022[23]. - The total investment income for Q3 2023 was CNY 6,654,707.34, an increase from CNY 4,612,657.14 in the same quarter last year[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,245,235,352.40, a decrease of 3.58% compared to the end of the previous year[7]. - As of September 30, 2023, total assets amounted to CNY 2,245,235,352.40, a decrease from CNY 2,328,579,874.65 at the end of 2022, reflecting a decline of approximately 3.6%[20]. - Current assets totaled CNY 922,459,919.53 as of September 30, 2023, slightly down from CNY 933,595,104.62 at the end of 2022[18]. - Total liabilities decreased to CNY 541,038,924.64 from CNY 642,350,443.97 at the end of 2022, a reduction of about 15.7%[20]. - The company's equity attributable to shareholders was CNY 1,699,292,347.61 as of September 30, 2023, slightly down from CNY 1,681,254,588.55 at the end of 2022[20]. - Accounts receivable decreased to CNY 8,853,389.78 from CNY 24,289,344.37 at the end of 2022, a decline of approximately 63.5%[18]. - The company reported a significant reduction in accounts payable, which decreased to CNY 48,195,221.85 from CNY 78,007,992.90 at the end of 2022, indicating a decrease of about 38.3%[19]. Operational Metrics - The company experienced a decline in sales price and wholesale volume, while retail sales volume increased by 3,850 tons year-on-year[12]. - Total operating costs for the first three quarters of 2023 were CNY 2,866,049,410.27, down from CNY 3,507,240,143.59 in the same period of 2022, indicating a reduction of about 18.3%[22]. - The company experienced a decrease in sales expenses, which were CNY 142,348,864.80 in Q3 2023, down from CNY 159,728,578.55 in Q3 2022[23]. Accounting Changes - The company has adopted new accounting standards effective from 2023, which may impact future financial reporting[28].