万方发展(000638) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥51,748,338.03, representing a 6.94% increase compared to the same period last year[5]. - The net profit attributable to shareholders was -¥2,639,244.05, a decrease of 507.75% year-on-year[5]. - The company reported total revenue of ¥101,777,979.95 for the current period, down from ¥106,468,756.93, a decrease of about 4.5%[23]. - The net operating profit was reported at -¥13,665,467.43, worsening from -¥7,237,995.42 in the previous period[23]. - The total profit for the third quarter was -15,694,689.38 CNY, compared to -6,844,217.83 CNY in the previous period, indicating a significant increase in losses[24]. - The net profit attributable to the parent company's shareholders was -11,898,094.18 CNY, up from -6,850,327.82 CNY in the same period last year[24]. - The company’s basic earnings per share for Q3 2023 was -¥0.0085, a decline of 504.76% year-on-year[5]. - The company reported a basic and diluted earnings per share of -0.0384 CNY, compared to -0.0221 CNY in the previous year[24]. - The total comprehensive income for the period was -15,838,189.03 CNY, compared to -7,088,863.40 CNY in the previous year[24]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥859,863,916.83, an increase of 51.51% compared to the end of the previous year[5]. - Current assets totaled ¥631,111,859.80, up from ¥364,934,318.44, indicating a growth of about 73%[20]. - Total liabilities increased to ¥631,254,167.42 from ¥339,159,439.91, representing an increase of approximately 86.2%[21]. - The company’s long-term equity investments slightly decreased to ¥59,808,100.73 from ¥60,086,942.56, a decline of about 0.5%[20]. - The total owner's equity remained relatively stable at ¥228,609,749.41 compared to ¥228,358,655.94 at the beginning of the year[21]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥43,349,584.71, showing a 19.51% improvement compared to the same period last year[10]. - Operating cash flow for the period was -43,349,584.71 CNY, an improvement from -53,856,623.93 CNY in the previous year[25]. - Cash inflow from operating activities totaled 147,779,732.80 CNY, compared to 136,203,293.07 CNY in the prior period[25]. - Cash outflow from operating activities was 191,129,317.51 CNY, slightly higher than 190,059,917.00 CNY in the previous year[25]. - The net cash flow from investment activities was -¥13,553,406.23, a 69.51% decrease compared to the previous year, mainly due to capital expenditures on long-term assets[10]. - The net cash flow from financing activities was -19,008,633.45 CNY, worsening from -11,564,524.37 CNY in the previous year[26]. - The ending cash and cash equivalents balance was 21,156,867.67 CNY, a decrease from 10,973,893.75 CNY in the same period last year[26]. - The company’s cash and cash equivalents decreased to ¥23,256,867.67 from ¥99,168,492.06, a decline of approximately 76.5%[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,181[12]. - The largest shareholder, Beijing Wanfangyuan Real Estate Development Co., Ltd., holds 37.52% of shares, totaling 116,600,000 shares, which are pledged[12]. Investments and Guarantees - Research and development expenses increased by 144.79% to ¥2,090,537.40, driven by increased investments in subsidiaries[10]. - The company reported a significant increase in prepayments, up 1,856.08% to ¥2,351,573.64, primarily due to payments made by a subsidiary for purchasing debt rights[10]. - The company experienced a 141.57% increase in inventory, totaling ¥206,107,137.02, attributed to ongoing project investments by a subsidiary[10]. - The company agreed to sell its wholly-owned subsidiary, Beijing Tianyuan Real Estate Development Co., Ltd., for a price of RMB 90 million (approximately $12.5 million)[13]. - As of September 30, 2023, the company has completed the first payment of RMB 44 million (approximately $6.1 million) for the purchase of a debt from Beijing Huichuang Siyu Trading Co., Ltd.[15]. - The company provided a guarantee of RMB 2.21 million (approximately $0.31 million) for its subsidiary, Hubei Xinrui Guang Electromechanical Technology Co., Ltd.[17]. - The company also provided a guarantee of RMB 2 million (approximately $0.28 million) for a working capital loan for Hubei Xinrui Guang Electromechanical Technology Co., Ltd.[18].