Sunfar(SH:603938)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥479,763,645.89, representing a decrease of 32.77% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2023 was -¥31,301,079.57, a decline of 114.37% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was -¥35,061,117.11, down 116.46% from the previous year[6]. - The basic earnings per share for Q3 2023 was -¥0.08, a decrease of 114.04% compared to the same period last year[6]. - Net profit for Q3 2023 was ¥161,372,429.37, down from ¥622,951,081.87 in Q3 2022, indicating a decline of about 74%[22]. - Earnings attributable to shareholders of the parent company were ¥174,514,720.87, compared to ¥622,736,157.09 in the same period last year, a decrease of approximately 72%[22]. - Basic earnings per share for Q3 2023 were CNY 0.46, compared to CNY 1.63 in Q3 2022, indicating a decline[23]. Assets and Liabilities - The total assets at the end of Q3 2023 were ¥3,251,591,544.87, a decrease of 2.54% from the end of the previous year[7]. - Total current assets as of September 30, 2023, amount to RMB 1,518,043,418.79, a decrease from RMB 1,725,078,396.75 in the previous year[17]. - Total assets as of September 30, 2023, are RMB 3,251,591,544.87, down from RMB 3,336,167,040.99[17]. - Total non-current assets increased to RMB 1,733,548,126.08 from RMB 1,611,088,644.24 year-over-year[17]. - Total liabilities decreased to ¥855,500,113.95 from ¥1,036,993,133.30, a reduction of about 17.5%[21]. - Total equity increased to ¥2,396,091,430.92, up from ¥2,299,173,907.69, reflecting a growth of approximately 4.2%[21]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥323,671,913.57, an increase of 125.66% compared to the same period last year[6]. - Net cash flow from operating activities for the first three quarters of 2023 was CNY 323,671,913.57, up from CNY 143,435,375.42 in the same period of 2022, representing a significant increase[23]. - The company reported a decrease in cash received from sales of goods and services, totaling CNY 1,522,326,412.60 in the first three quarters of 2023, compared to CNY 1,498,690,678.37 in 2022[23]. - The company’s cash outflow for purchasing goods and services was CNY 936,954,855.18 in 2023, down from CNY 1,087,791,636.70 in 2022, indicating improved cost management[23]. - The company’s cash flow from financing activities showed a net outflow of -CNY 69,648,414.18 in 2023, compared to a net inflow of CNY 187,647,371.40 in 2022, highlighting a shift in financing strategy[24]. - The company received CNY 67,660,594.40 from borrowings in Q3 2023, a decrease from CNY 242,580,000.00 in Q3 2022, indicating reduced reliance on debt financing[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,747[14]. - The largest shareholder, Sun Renjing, holds 150,404,520 shares, representing 39.31% of total shares[14]. Operational Insights - The company attributed the decline in revenue primarily to a decrease in the sales prices of major products compared to the same period last year[11]. - The company has not reported any new product developments or market expansion strategies in this quarter[11]. - Research and development expenses for Q3 2023 were ¥59,830,374.39, down from ¥80,368,719.85, a decrease of about 25.5%[21]. - The company reported a financial expense of ¥8,416,421.75, compared to a financial income of ¥3,801,223.88 in Q3 2022, indicating a significant shift in financial performance[21].