CMLOG(SH:603967)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,976,951,709.79, a decrease of 37.24% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 58,581,504.00, down 17.07% year-on-year[6]. - The basic earnings per share for the quarter was CNY 0.17, reflecting a decrease of 15.00% compared to the previous year[7]. - Total operating revenue for the first three quarters of 2023 was CNY 5,388,078,428.87, a decrease of 44.5% compared to CNY 9,765,367,159.07 in the same period of 2022[22]. - Net profit for the third quarter of 2023 was CNY 215,781,464.36, a decline of 8.7% from CNY 236,458,215.92 in the same quarter of 2022[24]. - Net profit for the first three quarters of 2023 reached ¥171,479,189.09, compared to ¥145,085,242.25 in 2022, indicating an increase of about 18.2%[33]. - Operating profit for the first three quarters of 2023 was ¥175,916,594.70, up from ¥159,916,139.63 in 2022, reflecting a growth of approximately 10%[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,577,195,568.54, a decline of 6.05% from the end of the previous year[7]. - The company's total assets as of the end of the third quarter of 2023 amounted to CNY 3,577,195,568.54, compared to CNY 3,807,562,442.60 at the end of the same period in 2022, reflecting a decrease of 6.0%[20]. - Total liabilities decreased to CNY 1,207,162,303.08 in the third quarter of 2023, down 18.1% from CNY 1,473,779,326.89 in the previous year[20]. - Total liabilities decreased to CNY 585,186,407.62 from CNY 670,449,136.91 year-over-year[30]. - The company's equity attributable to shareholders increased to CNY 2,221,366,595.72, up from CNY 2,196,048,009.66 year-over-year, representing a growth of 1.2%[20]. Cash Flow - Cash flow from operating activities showed a significant decrease of 81.66% year-to-date, amounting to CNY 30,047,999.36[7]. - The net cash flow from operating activities decreased by 81.66%, influenced by a decline in accounts receivable turnover and an increase in cold chain supply chain business[13]. - Total cash inflow from operating activities was CNY 5,480,232,325.34, compared to CNY 10,118,435,591.33 in the previous year, reflecting a decline of approximately 46%[26]. - Cash outflow from operating activities totaled CNY 5,450,184,325.98, also down from CNY 9,954,587,120.89 in the previous year[26]. - Cash flow from operating activities for the first three quarters of 2023 was negative at -¥23,582,334.99, a significant decrease from ¥148,359,846.33 in the same period of 2022[36]. - The company reported a net cash outflow from financing activities of CNY -391,664,810.83, compared to CNY -173,984,808.71 in the same period last year[26]. Operating Costs - Operating costs for the current reporting period decreased by 39.14%, largely due to a significant drop in procurement capacity costs related to freight forwarding business[12]. - Operating costs from the beginning of the year to the reporting period decreased by 46.70%, following the same trend as the current period[12]. - Total operating costs for the first three quarters of 2023 were CNY 5,149,889,921.61, down 45.1% from CNY 9,504,217,561.58 year-over-year[22]. Investments and R&D - Research and development expenses for the third quarter of 2023 were CNY 2,192,507.69, slightly down from CNY 2,252,272.82 in the same quarter of 2022[23]. - Research and development expenses for the first three quarters of 2023 were ¥2,192,507.69, slightly lower than ¥2,252,272.82 in 2022[32]. - The company achieved investment income of ¥135,225,685.44 in the first three quarters of 2023, an increase from ¥99,008,825.21 in the same period of 2022, marking a growth of approximately 36.5%[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,108[14]. - The largest shareholder, Qingdao Zhongchuang United Investment Development Co., Ltd., holds 52.50% of the shares[14]. Other Financial Metrics - The weighted average return on equity was 2.67%, down 0.67 percentage points compared to the previous year[7]. - The company reported a significant increase in credit impairment losses, with a year-to-date increase of 455.32% due to rising accounts receivable[12]. - The company recognized government subsidies amounting to CNY 2,626,409.19 during the reporting period[9]. - The company plans to continue focusing on market expansion and new product development as part of its strategic initiatives moving forward[37].