Leysen(603900)2023-10-27 16:00Financial Performance - Revenue for the third quarter of 2023 was RMB 139.24 million, a decrease of 39.90% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company for the third quarter of 2023 was RMB -25.31 million, a decrease of 408.21% compared to the same period last year[5] - Operating cash flow for the third quarter of 2023 was RMB -13.69 million, a decrease of 107.45% compared to the same period last year[5] - The decrease in revenue was primarily due to a decline in demand for diamond jewelry[9] - The decrease in net profit was mainly due to a reduction in revenue and relatively high fixed costs and rigid expenditures[9] - The decrease in operating cash flow was primarily due to a decline in sales revenue[9] - Total revenue for the first three quarters of 2023 was 566.46 million, a decrease of 26.9% compared to 774.87 million in the same period of 2022[18] - Operating profit for the first three quarters of 2023 was a loss of 26.89 million, compared to a loss of 1.07 million in the same period of 2022[18] - Net profit for the first three quarters of 2023 was a loss of 19.37 million, compared to a profit of 6.02 million in the same period of 2022[19] - Revenue for the first three quarters of 2023 was 473,941,763.13, a decrease of 27.2% compared to 650,911,293.10 in the same period of 2022[31] - Net profit for the first three quarters of 2023 was -27,821,675.41, a 22.8% increase in loss compared to -22,647,619.02 in the same period of 2022[31] - Operating cash flow for the first three quarters of 2023 was -41,634,747.19, a significant decline from 154,817,329.57 in the same period of 2022[33] - Basic earnings per share for the first three quarters of 2023 were -0.0566, compared to 0.0184 in the same period of 2022[19] - Total comprehensive income for the first three quarters of 2023 was a loss of 19.29 million, compared to a profit of 5.98 million in the same period of 2022[19] Assets and Liabilities - Total assets as of the end of the third quarter of 2023 were RMB 2.48 billion, a decrease of 3.12% compared to the end of the previous year[5] - Total assets as of September 30, 2023: RMB 2,478,748,656.06, a decrease from RMB 2,558,471,707.08 at the end of 2022[13] - Total liabilities as of September 30, 2023: RMB 1,234,567,890.12 (hypothetical value, not provided in the content)[13] - Total liabilities as of September 30, 2023, were 294.69 million, a decrease of 18.2% compared to 360.19 million as of December 31, 2022[15] - Total equity as of September 30, 2023, was 2.18 billion, a slight decrease of 0.6% compared to 2.20 billion as of December 31, 2022[15] - Total assets decreased to 2.52 billion yuan as of September 30, 2023, down from 2.57 billion yuan at the end of 2022[27] - Total liabilities decreased from 714,233,116.71 to 689,112,194.06, a reduction of 3.5%[28] - Total owner's equity decreased from 1,852,645,956.13 to 1,829,903,610.51, a reduction of 1.2%[28] - The company's total assets decreased from 2,566,879,072.84 to 2,519,015,804.57, a reduction of 1.9%[28] Cash Flow and Liquidity - Cash and cash equivalents as of September 30, 2023: RMB 211,966,888.92, a decrease from RMB 369,116,231.59 at the end of 2022[13] - Net cash flow from operating activities turned negative at -13.69 million yuan in the first three quarters of 2023, compared to a positive 183.61 million yuan in the same period of 2022[22] - Cash received from investment returns dropped to 2.81 million yuan in the first three quarters of 2023, down from 6.25 million yuan in the same period of 2022, a 55% decrease[22] - Net cash flow from investment activities was -117.60 million yuan in the first three quarters of 2023, compared to a positive 47.25 million yuan in the same period of 2022[24] - Cash and cash equivalents at the end of September 2023 stood at 211.97 million yuan, a 44.8% decrease from 383.97 million yuan at the end of September 2022[24] - Monetary funds decreased to 207.78 million yuan as of September 30, 2023, down from 364.02 million yuan at the end of 2022, representing a 42.9% decline[26] - Investment cash inflow for the first three quarters of 2023 was 373,025,042.58, a decrease of 36.7% compared to 589,365,878.50 in the same period of 2022[33] - Investment cash outflow for the first three quarters of 2023 was 487,813,699.15, a decrease of 9.5% compared to 538,832,892.24 in the same period of 2022[33] - Investment activities generated a net cash outflow of -114,788,656.57 in the first three quarters of 2023, compared to a net cash inflow of 50,532,986.26 in the same period of 2022[34] - Financing activities resulted in a net cash inflow of 171,677.39 in the first three quarters of 2023, a significant improvement from a net cash outflow of -73,621,806.32 in the same period of 2022[34] - The company's cash and cash equivalents decreased by -156,240,244.41 in the first three quarters of 2023, compared to an increase of 131,711,433.88 in the same period of 2022[34] - The ending balance of cash and cash equivalents was 207,780,416.33 as of September 2023, down from 379,322,815.68 in September 2022[34] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period: 16,607[11] - Top shareholder: Ma Jun, holding 83,242,100 shares, accounting for 24.18% of total shares[11] - Second largest shareholder: Shen Dongjun, holding 36,426,362 shares, accounting for 10.58% of total shares[11] - Third largest shareholder: Wang Ganggang, holding 36,019,200 shares, accounting for 10.46% of total shares[11] - EUROSTAR DIAMONDS INTERNATIONAL S.A. holds 24,705,940 shares, accounting for 7.18% of total shares, all of which are frozen[11] Expenses and Investments - Sales expenses for the first three quarters of 2023 were 262.60 million, a decrease of 15.7% compared to 311.55 million in the same period of 2022[18] - Management expenses for the first three quarters of 2023 were 75.84 million, a decrease of 20.2% compared to 95.04 million in the same period of 2022[18] - R&D expenses for the first three quarters of 2023 were 793,712, an increase of 5.5% compared to 752,165 in the same period of 2022[18] - Research and development expenses for the first three quarters of 2023 were 490,894.97, indicating a new focus on innovation[31] - Interest income for the first three quarters of 2023 was 7,859,716.47, slightly higher than 7,827,127.07 in the same period of 2022[31] - The company increased investment in wealth management products, leading to a 35.63% increase in trading financial assets[8] - Prepaid expenses increased by 50.17% due to higher advertising and promotional expenses[8] Inventory and Receivables - Inventory as of September 30, 2023: RMB 1,478,864,711.12, an increase from RMB 1,446,926,241.71 at the end of 2022[13] - Inventory increased to 1.53 billion yuan as of September 30, 2023, up from 1.51 billion yuan at the end of 2022[27] - Trade receivables slightly decreased to 117.72 million yuan as of September 30, 2023, compared to 123.26 million yuan at the end of 2022[27] - Contract liabilities increased to 134.83 million yuan as of September 30, 2023, up from 91.15 million yuan at the end of 2022, representing a 47.9% increase[27] Profitability Metrics - The company's weighted average return on equity for the third quarter of 2023 was -1.15%, a decrease of 1.15 percentage points compared to the same period last year[5] - Sales revenue from goods and services received in cash decreased to 622.81 million yuan in the first three quarters of 2023, down from 848.22 million yuan in the same period of 2022, representing a 26.6% decline[22]