*ST新联(000620) - 2023 Q3 - 季度财报

Financial Performance - Total operating revenue for Q3 2023 was CNY 2,673,070,161.59, a decrease of 14.3% compared to CNY 3,117,998,898.25 in the same period last year[5] - Total operating costs amounted to CNY 4,556,422,851.27, slightly down from CNY 4,592,756,854.93 year-on-year[5] - Net loss attributable to shareholders of the parent company was CNY -1,757,597,133.92, compared to a loss of CNY -1,479,997,978.21 in the previous year[8] - The comprehensive income totalled CNY -1,715,276,167.28, compared to CNY -1,483,047,501.31 in the same period last year[9] - Basic and diluted earnings per share were both CNY -0.9267, compared to CNY -0.7803 in the previous year[9] - The company's operating revenue for the third quarter was ¥949,359,126.85, a decrease of 4.80% compared to the same period last year[23] - The net profit attributable to shareholders was -¥535,799,837.17, reflecting a decline of 10.02% year-over-year[23] Assets and Liabilities - The total liabilities reached CNY 38,587,545,317.44, a slight increase from CNY 38,470,781,302.31 year-on-year[3] - The total current liabilities increased to CNY 35,463,853,668.99 from CNY 32,650,168,632.25 year-on-year[3] - Long-term borrowings decreased to CNY 2,476,111,436.46 from CNY 5,261,773,803.10 year-on-year[3] - Total assets at the end of the reporting period amounted to ¥37,778,854,266.34, down 3.91% from the previous year-end[23] - The company's equity attributable to shareholders was -¥2,188,652,909.90, a significant decrease of 194.96% compared to the previous year-end[23] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥405,827,022.54, an increase of 134.95% compared to the previous year[23] - Cash inflow from operating activities totaled ¥3,190,110,646.88, up from ¥2,896,171,281.29 in the previous year[13] - Cash outflow from operating activities was ¥2,784,283,624.34, compared to ¥2,723,443,237.41 in the previous year[13] - The net cash flow from investment activities was ¥347,608,810.41, a turnaround from a negative cash flow of -¥31,107,251.41 in the previous year[13] - The net cash flow from financing activities was -¥876,983,254.94, worsening from -¥545,797,013.52 in the previous year[13] - The company reported a decrease in cash and cash equivalents, ending the period with ¥546,533,609.96, down from ¥633,477,282.03 at the previous year-end[13] - Cash and cash equivalents decreased by 55.73% to ¥755,963,521.10 from ¥1,707,467,729.71, primarily due to loan repayments[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,136, with no preferred shareholders[29] - The largest shareholder, Xinhua Lian Holdings, holds 61.96% of the shares, amounting to 1,175,117,364 shares[31] - The company completed a share buyback plan, with the controlling shareholder acquiring a total of 62,764,777 shares, representing 3.31% of the total share capital, for an amount of ¥100,148,100 (excluding transaction fees) by August 21, 2023[36] Restructuring and Legal Matters - The company is undergoing a pre-restructuring process due to an inability to repay debts, as approved by the court[32] - The company signed a restructuring investment agreement with Shenzhen Deyuan Investment Co., Ltd. and terminated the agreement with Guangdong Jiuke Private Equity Investment Fund Management Co., Ltd. as of September 11, 2023, indicating progress in its restructuring efforts[35] - The company is undergoing a substantial merger restructuring process involving six companies, with the deadline for submitting the restructuring plan extended to January 13, 2024[38] - The company faced administrative penalties for failing to disclose information regarding the administrative punishment of its subsidiary, which resulted in a warning from the Shenzhen Stock Exchange[45] - The company’s full subsidiary, Hunan Xinhua Lian Construction Engineering Co., Ltd., is undergoing bankruptcy liquidation, with the court accepting the application for bankruptcy on May 11, 2023[38] Financial Adjustments and Changes - Trade financial assets increased significantly to ¥2,854,649,876.23, reflecting a shift from long-term equity investments[28] - Accounts receivable rose by 11,300.91% to ¥1,210,618.61, mainly due to an increase in received notes[28] - Long-term equity investments dropped by 98.31% to ¥146,234.98, attributed to the consolidation of financial statements following the auction of Changsha Bank stocks[28] - Other payables surged by 99.21% to ¥7,043,985,070.33 due to consolidation of financial statements[28] - Financial expenses increased by 33.29% to ¥1,480,354,141.70, mainly due to the recognition of penalty interest[28] - Other income rose by 498.01% to ¥461,653,823.25, primarily from recognized debt restructuring gains[28] Asset and Inventory Changes - Total current assets increased to approximately ¥22.4 billion, up from ¥20.9 billion, reflecting a growth of about 6% year-over-year[48] - Accounts receivable decreased to ¥291.7 million from ¥419.6 million, representing a decline of approximately 30%[48] - Inventory decreased to ¥16.17 billion from ¥16.58 billion, indicating a reduction of about 2.5%[48] - Total non-current assets decreased to approximately ¥15.38 billion from ¥18.37 billion, a decline of about 16%[48] - Total assets amounted to approximately ¥37.78 billion, down from ¥39.32 billion, reflecting a decrease of about 4%[48] - Short-term borrowings increased slightly to ¥827.99 million from ¥814.21 million, showing a growth of about 1%[48] - Accounts payable decreased to ¥5.95 billion from ¥6.47 billion, indicating a decline of approximately 8%[48] - Contract liabilities increased to ¥4.32 billion from ¥3.89 billion, representing a growth of about 11%[48] - Other receivables increased to ¥960.30 million from ¥933.93 million, reflecting a growth of approximately 2.8%[48] - Prepayments increased to ¥482.58 million from ¥408.47 million, indicating a growth of about 18%[48]