Feymer(SH:688350)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥421,951,287.26, representing a decrease of 4.78% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was ¥10,654,535.37, down 59.90% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,150,614.85, a decline of 69.13% compared to the previous year[5]. - Basic earnings per share for Q3 2023 were ¥0.09, down 59.09% year-over-year[6]. - Total operating revenue for the first three quarters of 2023 was CNY 1,201,196,172.81, a decrease of 2.85% compared to CNY 1,236,567,994.71 in the same period of 2022[21]. - Net profit for Q3 2023 was CNY 37,288,019.08, down 57.94% from CNY 88,483,061.77 in Q3 2022[22]. - The net profit attributable to the parent company for Q3 2023 is ¥43,673,661.90, a decrease of 50.9% compared to ¥88,841,152.46 in Q3 2022[23]. - The total comprehensive income for Q3 2023 is ¥37,288,019.08, down from ¥88,483,061.77 in the same period last year[23]. - The net profit for the first three quarters of 2023 was ¥57,243,385.92, down 39.5% from ¥94,592,675.57 in the previous year[33]. Cash Flow - The cash flow from operating activities for the year-to-date period decreased by 67.52%, totaling ¥42,773,738.97[6]. - Cash inflow from operating activities for the first three quarters of 2023 is ¥1,076,804,044.08, an increase of 18.2% from ¥910,669,662.13 in the same period of 2022[25]. - The net cash flow from operating activities for the first three quarters of 2023 is ¥42,773,738.97, down 67.5% from ¥131,707,496.86 in the previous year[25]. - The net cash flow from investing activities for the first three quarters of 2023 is -¥241,579,795.50, compared to -¥219,506,780.02 in the same period of 2022[26]. - The net cash flow from financing activities for the first three quarters of 2023 is -¥62,602,358.79, worsening from -¥35,620,530.10 in the previous year[26]. - The cash and cash equivalents at the end of Q3 2023 amount to ¥410,106,835.53, an increase from ¥229,489,706.47 at the end of 2022[26]. - The company reported cash inflow from investment activities of ¥825,708,534.59 for the first three quarters of 2023, up from ¥587,252,418.15 in the same period last year[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,492,452,833.49, a decrease of 1.95% from the end of the previous year[6]. - As of September 30, 2023, the total current assets amounted to RMB 1,422,127,579.99, a decrease from RMB 1,617,887,988.20 at the end of 2022, reflecting a decline of approximately 12.06%[16]. - Total liabilities as of Q3 2023 were CNY 893,460,422.33, down from CNY 960,596,929.18 in the previous year[18]. - The total assets as of the end of Q3 2023 were ¥2,291,799,409.27, slightly down from ¥2,316,870,706.23 at the end of the previous year[30]. - The total liabilities decreased from ¥805,645,658.27 to ¥743,401,560.38, a reduction of approximately 7.7%[30]. Research and Development - The total R&D investment for Q3 2023 was ¥15,780,843.84, a decrease of 22.36% compared to the same period last year[6]. - Research and development expenses for Q3 2023 were CNY 49,855,429.17, a decrease of 11.91% compared to CNY 56,651,899.59 in Q3 2022[22]. - Research and development expenses for the first three quarters of 2023 were ¥26,903,894.04, down from ¥38,476,844.20 in the same period last year, representing a decrease of about 30%[32]. Shareholder Information - The top shareholder, Jiangsu Feixiang Chemical Co., Ltd., holds 48.6% of the shares, totaling 59,438,310 shares[14]. - The company has a total of 6,116 common shareholders as of the reporting date[13]. - The company’s employee stock ownership plan holds 2,529,000 shares, representing 2.07% of the total shares[14]. Inventory and Current Assets - Cash and cash equivalents decreased to RMB 410,114,099.34 from RMB 669,337,898.22, representing a significant drop of about 38.69%[16]. - The company's inventory decreased to RMB 170,590,136.52 from RMB 218,127,777.01, indicating a reduction of approximately 21.83%[16]. - The company's inventory decreased from ¥144,733,101.34 to ¥105,372,310.75, a decline of approximately 27.2%[29]. - The total accounts receivable slightly decreased to RMB 318,539,592.27 from RMB 321,167,858.69, showing a minor decline of about 0.82%[16]. Financial Expenses - The company reported a financial expense of CNY -1,584,414.24 in Q3 2023, an improvement from CNY -15,953,280.64 in the same quarter of 2022[22]. - The company's financial expenses improved, showing a net income of -¥2,359,569.42 compared to -¥16,610,117.54 in the previous year[32].