八方股份(603489) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was approximately ¥436.39 million, a decrease of 47.88% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2023 was approximately ¥16.12 million, down 87.00% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥14.68 million, a decline of 88.48% compared to the previous year[3]. - The basic earnings per share for Q3 2023 was ¥0.10, a decrease of 90.29% year-on-year[3]. - Total revenue for the first three quarters of 2023 was CNY 1,348,651,590.28, a decrease of 43.2% compared to CNY 2,379,393,842.19 in the same period of 2022[18]. - Operating income for the first three quarters of 2023 was CNY 368,951,464.47, compared to CNY 558,092,960.79 in the same period of 2022, reflecting a decline of 34%[18]. - In Q3 2023, the net profit was CNY 120,514,623.35, a decrease of 74.7% compared to CNY 474,336,998.90 in Q3 2022[19]. - Operating profit for Q3 2023 was CNY 134,757,521.56, down from CNY 545,733,692.84 in the same period last year, reflecting a decline of 75.3%[19]. - Total revenue from operating activities for the first three quarters of 2023 was CNY 1,488,679,932.16, a decrease of 20.3% from CNY 1,869,397,702.56 in the same period of 2022[21]. - Net profit for the first three quarters of 2023 was CNY 137,111,629.02, a decline of 69.7% compared to CNY 452,124,561.78 in 2022[28]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥3.39 billion, a decrease of 5.69% from the end of the previous year[4]. - Total assets as of September 30, 2023, were CNY 3,385,975,599.23, a decrease of 5.7% from CNY 3,590,374,933.68 at the end of 2022[15]. - Total liabilities decreased to CNY 645,954,999.04 from CNY 731,792,064.17, reflecting a reduction of 11.7%[15]. - The company’s total equity as of September 30, 2023, was CNY 2,760,625,042.41, down from CNY 2,862,989,644.70 at the end of 2022[25]. Cash Flow - The net cash flow from operating activities for the year-to-date was approximately ¥481.38 million, an increase of 176.55% compared to the same period last year[3]. - The net cash flow from operating activities in Q3 2023 was CNY 481,377,723.92, significantly up from CNY 174,062,268.39 in Q3 2022[22]. - The net cash flow from investment activities in Q3 2023 was ¥41.60 million, a recovery from a negative cash flow of ¥208.64 million in the same quarter of 2022[32]. - The net cash flow from financing activities was negative at ¥248.75 million in Q3 2023, an improvement from a negative cash flow of ¥310.47 million in Q3 2022[32]. - The total cash inflow from operating activities for the first three quarters of 2023 was ¥962.12 million, compared to ¥1.70 billion in 2022, indicating a decrease of 43.3%[31]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,480[9]. - The top shareholder, Wang Qinghua, holds 40.47% of the shares, totaling 68,040,000 shares[10]. Inventory and Receivables - The company reported a significant decline in sales volume due to high inventory levels and weak consumer demand[7]. - Accounts receivable decreased to CNY 401,937,997.02 from CNY 478,377,225.07, representing a decline of 15.9%[13]. - Inventory levels decreased to CNY 264,646,929.97, down 29.5% from CNY 375,418,444.31 at the end of 2022[13]. - The company reported a significant reduction in accounts receivable, which fell to CNY 217,635,123.33 from CNY 374,149,810.24 year-over-year[24]. Expenses - Total operating costs for the first three quarters of 2023 were CNY 1,209,700,125.81, down 33.6% from CNY 1,821,300,881.40 in the previous year[18]. - The total operating expenses for Q3 2023 were CNY 241,226,000.00, an increase of 14.5% from CNY 210,000,000.00 in Q3 2022[19]. - Research and development expenses for the first three quarters of 2023 were CNY 55,974,208.42, a decrease from CNY 60,846,031.23 in the same period of 2022[28]. Financial Improvements - The company reported a significant reduction in short-term borrowings and other liabilities, indicating improved liquidity management[15]. - The company’s financial expenses showed a significant improvement, with a net financial expense of CNY -21,276,850.83 in Q3 2023, compared to CNY -39,635,115.74 in Q3 2022[19]. - The company’s financial expenses improved, showing a net financial income of CNY 16,375,835.18 for the first three quarters of 2023, compared to a loss of CNY 35,315,604.25 in the previous year[28].