TIANMA TECH(SH:603668)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,962,693,414.78, a decrease of 1.90% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 57,893,283.91, representing a decline of 163.75% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 6,269,040.36, down 106.92% from the previous year[5]. - The basic earnings per share for the quarter was -CNY 0.14, a decrease of 166.67% compared to the same period last year[6]. - The net profit for the first three quarters of 2023 was a loss of CNY 56,826,644.72, compared to a profit of CNY 271,444,480.93 in the same period of 2022, indicating a significant decline[27]. - The basic earnings per share for the first three quarters of 2023 was -0.20 CNY, down from 0.55 CNY in the same period of 2022[28]. - The total comprehensive income for the first three quarters of 2023 was a loss of CNY 57,906,644.72, compared to a gain of CNY 272,708,779.50 in 2022[28]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,827,706,444.92, an increase of 15.80% from the end of the previous year[6]. - As of September 30, 2023, the total assets of the company reached RMB 8.83 billion, an increase from RMB 7.62 billion at the end of 2022[21]. - The company's current assets totaled RMB 4.36 billion, up from RMB 3.58 billion at the end of 2022, indicating a growth of approximately 21.7%[22]. - The company's inventory increased to RMB 2.80 billion from RMB 2.28 billion, reflecting a growth of about 22.9% year-over-year[22]. - The total liabilities of the company reached RMB 6.38 billion, up from RMB 5.20 billion, indicating a growth of about 22.7%[23]. - The company's equity increased to RMB 2.44 billion from RMB 2.43 billion, showing a slight increase of approximately 0.4%[23]. Cash Flow - The company reported cash flow from operating activities of CNY 5,395,240.78 for the year-to-date[6]. - The net cash flow from operating activities for Q3 2023 was 5,395,240.78, a significant improvement from -73,901,024.18 in Q3 2022[30]. - Cash generated from operating activities was CNY 4,995,538,829.98 in 2023, an increase from CNY 4,643,604,127.95 in 2022, representing a growth of about 7.58%[29]. - Cash inflow from financing activities totaled 2,309,005,177.00, an increase from 1,450,382,607.47 in Q3 2022, leading to a net cash flow from financing activities of 447,105,176.87[31]. - The company reported a total cash and cash equivalents balance of 262,701,390.51 at the end of Q3 2023, down from 427,439,548.87 at the beginning of the period[31]. Expenses and Costs - The increase in feed raw material procurement costs and a slowdown in eel harvesting were significant factors contributing to the decline in net profit[10]. - The company incurred a sales expense of 32.8 million yuan year-to-date, primarily due to increased labor costs[12]. - The company's management expenses rose to 41.44 million yuan year-to-date, mainly due to increased equity incentive costs[12]. - Total operating costs increased to CNY 5,314,638,970.93 in 2023 from CNY 4,981,637,259.44 in 2022, marking an increase of about 6.73%[26]. - Research and development expenses rose to CNY 96,509,683.73 in 2023, compared to CNY 91,774,741.24 in 2022, reflecting a growth of approximately 5.99%[26]. Shareholder Activities - The company terminated its 2022 employee stock ownership plan, with all 6,887,763 shares sold by July 26, 2023[9]. - The controlling shareholder plans to increase their stake in the company by investing between RMB 50 million and RMB 100 million, with a total of 3,288,736 shares acquired, representing 0.75% of the total share capital[16]. - The company has signed the trust contract for the 2023 employee stock ownership plan, which has not yet begun purchasing shares on the secondary market[18]. - The company plans to issue A-shares to specific targets with a total financing amount not exceeding RMB 300 million, which is capped at 20% of the net assets as of the end of the previous year[19]. - The company has completed the share buyback plan as outlined, with a total of 1,050,000 shares acquired by other stakeholders, representing 0.24% of the total share capital[16]. Other Financial Metrics - The weighted average return on equity was -2.89%, a decrease of 7.34 percentage points compared to the previous year[6]. - The company recognized a one-time expense of CNY 40,787,300 related to the termination of the employee stock ownership plan[10]. - The company reported an investment loss of CNY 8,167,200.11 in 2023, compared to a loss of CNY 5,924,631.54 in 2022, indicating a worsening performance in this area[26]. - The company's minority shareholders reported a profit of CNY 29,182,708.97 in 2023, slightly down from CNY 30,355,872.10 in 2022[27].