ZYD(SH:900906)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 316,331,071.28, a decrease of 10.56% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY -18,916,733.84, with a year-to-date decline of 227.28%[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was CNY -17,290,439.23, reflecting a decrease of 228.16% year-to-date[5]. - The basic earnings per share for Q3 2023 was CNY -0.0177, with a year-to-date decline of 227.10%[6]. - Total revenue for the first three quarters of 2023 was CNY 903,723,701.07, a decrease from CNY 1,053,353,424.23 in the same period of 2022[28]. - Net profit for the third quarter of 2023 was a loss of CNY 50,286,193.96, compared to a profit of CNY 39,507,398.55 in the same quarter of 2022[29]. - The total comprehensive income for the third quarter of 2023 was -50,286,193.96 CNY, compared to 39,507,398.55 CNY in the same period of 2022[30]. - Basic and diluted earnings per share for the third quarter were both -0.0469 CNY, down from 0.0369 CNY in the previous year[30]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was CNY 91,805,937.89, down 55.82% compared to the previous year[6]. - Cash flow from operating activities for the first three quarters of 2023 was 91,805,937.89 CNY, a decrease of 55.9% from 207,804,442.49 CNY in the same period of 2022[32]. - Cash inflow from operating activities totaled 901,161,753.37 CNY, while cash outflow was 809,355,815.48 CNY[32]. - Cash flow from investing activities resulted in a net outflow of -3,454,085.87 CNY, compared to -57,252,913.06 CNY in the previous year[33]. - Cash flow from financing activities showed a net outflow of -119,769,808.94 CNY, improving from -164,557,162.53 CNY in the same period of 2022[33]. - The ending cash and cash equivalents balance as of the end of September 2023 was 35,984,615.34 CNY, down from 95,213,861.65 CNY at the end of September 2022[33]. - Cash and cash equivalents decreased to CNY 44,834,133.90 from CNY 74,090,564.06 year-over-year[24]. - The company received 71,687,348.42 CNY from borrowings in the first three quarters of 2023, a decrease from 123,241,331.70 CNY in the same period of 2022[33]. - The company paid 185,499,855.50 CNY in debt repayments during the first three quarters of 2023, compared to 281,232,399.28 CNY in the previous year[33]. - The company reported a cash flow impact from foreign exchange rate changes of 1,893,014.41 CNY in the first three quarters of 2023[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,108,197,404.90, a decrease of 13.88% from the previous year[6]. - The company's total assets decreased to CNY 1,108,197,404.90 from CNY 1,286,778,527.68 year-over-year[26]. - Total liabilities decreased to CNY 1,014,219,312.81 from CNY 1,143,852,286.70 year-over-year[25]. - The company's total equity attributable to shareholders decreased to CNY 93,978,092.09 from CNY 142,926,240.98 year-over-year[26]. - Accounts receivable increased to CNY 24,357,441.71 from CNY 19,968,098.66 year-over-year[24]. - Inventory decreased significantly to CNY 150,496,382.57 from CNY 284,012,208.93 year-over-year[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 49,744[12]. - The largest shareholder, Xinda Securities, held 24.27% of the shares, totaling 260,000,000 shares[13]. - As of September 30, 2023, the company reported a total of 4,159,000 shares held by Xu Xiaoyue, representing a significant ownership stake[14]. - The company has a significant number of unrestricted circulating shares held by major shareholders, with Jiangsu Yiyu Technology holding 48,910,000 shares, indicating strong institutional support[14]. Asset Restructuring and Compliance - The company is in the process of a major asset restructuring, aiming to acquire 100% equity of Wengfu Group through a share issuance, which has been under review by the Shanghai Stock Exchange since March 2023[15][17]. - The company has completed the disposal of all assets related to Guizhou Zhongyida Construction Engineering Co., Ltd. and Shanghe Construction, ensuring compliance with legal obligations to protect shareholder interests[21]. - The company is actively managing the bankruptcy proceedings of Xiamen Zhongyida, which is currently under court review, indicating ongoing financial restructuring efforts[21]. - The company reported that as of September 30, 2023, it has made progress in the asset disposal of its subsidiaries, including changes in management and compliance with local regulations[20]. - The company is collaborating with intermediaries to address the second round of inquiries from the Shanghai Stock Exchange regarding its asset acquisition application[18]. - The company is focused on ensuring the protection of minority shareholders' rights during the ongoing asset restructuring and disposal processes[21]. Research and Development - Research and development expenses for the third quarter of 2023 were CNY 9,155,552.50, down from CNY 12,298,173.44 in the same quarter of 2022[29]. Financial Statements - The financial statements for the third quarter of 2023 are unaudited, with further details pending as of the report date[22]. - Total operating costs for the first three quarters of 2023 were CNY 953,708,530.77, down from CNY 999,122,253.26 year-over-year[28]. - The weighted average return on equity for the year-to-date period was -18.35%, a decrease of 68.45 percentage points[6].