Financial Performance - The company's operating revenue for Q3 2023 was ¥382,074,051.82, a decrease of 37.89% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥15,188,661.55, representing a decline of 216.29% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥17,855,558.01, down 244.45% from the previous year[5]. - The basic and diluted earnings per share for Q3 2023 were both -¥0.11, a decrease of 210.00% compared to the same period last year[6]. - The net profit for Q3 2023 was -55,097,623.21 RMB, compared to a net profit of 6,050,322.19 RMB in Q3 2022, indicating a significant decline[21]. - The total comprehensive income attributable to the parent company was -43,387,961.39 RMB in Q3 2023, down from 4,774,997.95 RMB in the same period last year[22]. - Basic and diluted earnings per share for Q3 2023 were both -0.33 RMB, compared to 0.04 RMB in Q3 2022[22]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥61,289,448.87, a decline of 71.36% year-on-year[6]. - Cash flow from operating activities for the first nine months of 2023 was 1,272,459,339.49 RMB, a decrease of 20.1% from 1,592,913,696.78 RMB in the same period of 2022[23]. - The net cash flow from operating activities in Q3 2023 was 61,289,448.87 RMB, down from 214,031,888.19 RMB in Q3 2022[24]. - The total cash outflow from investing activities in the first nine months of 2023 was 70,379,318.89 RMB, compared to 263,565,935.81 RMB in the same period last year[24]. - The net cash flow from financing activities for Q3 2023 was -157,664,274.81 RMB, contrasting with a positive net cash flow of 159,684,722.13 RMB in Q3 2022[24]. - The cash and cash equivalents at the end of Q3 2023 stood at 186,602,334.55 RMB, down from 280,974,741.60 RMB at the end of Q3 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,874,071,639.59, down 14.59% from the end of the previous year[6]. - The equity attributable to shareholders of the listed company was ¥733,634,817.14, a decrease of 5.11% compared to the end of the previous year[6]. - Cash and cash equivalents decreased to CNY 186,602,334.55 as of September 30, 2023, from CNY 344,907,120.07 at the end of 2022, a decline of 45.94%[15]. - Accounts receivable decreased to CNY 495,448,422.94 from CNY 556,447,630.17, a reduction of 10.96%[15]. - Inventory decreased to CNY 169,428,611.03 from CNY 206,078,577.37, a decline of 17.74%[15]. - Total current liabilities decreased to CNY 548,177,934.11 from CNY 864,534,174.01, a reduction of 36.66%[17]. - Long-term borrowings increased to CNY 420,500,000.00 from CNY 303,340,762.01, an increase of 38.67%[17]. - Total equity decreased to CNY 866,512,881.40 from CNY 968,604,004.27, a reduction of 10.54%[17]. Market Conditions - The company reported a significant decline in demand and orders due to economic conditions, leading to reduced sales revenue and lower product prices[9]. - The company is facing intensified competition and a decrease in gross profit margin due to market conditions[9]. - Total revenue for the first three quarters of 2023 was CNY 1,138,413,881.03, a decrease of 12.93% compared to CNY 1,307,830,744.93 in the same period of 2022[20]. - Total operating costs for the first three quarters of 2023 were CNY 1,202,512,054.25, down from CNY 1,309,083,270.24 in 2022, reflecting a reduction of 8.16%[20]. - Operating profit for the first three quarters of 2023 was CNY -67,994,105.61, compared to a profit of CNY 8,462,948.36 in the same period of 2022[20]. - The company reported a decrease in cash received from sales of goods and services, totaling 1,250,637,862.45 RMB for the first nine months of 2023, compared to 1,542,246,994.27 RMB in the same period of 2022[23]. - The company did not report any net profit from subsidiaries prior to consolidation in the current or previous periods[22].
华菱精工(603356) - 2023 Q3 - 季度财报