*ST炼石(000697) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥338,157,142.61, representing an increase of 8.44% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥105,903,124.25, a decrease of 1.50% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥117,570,205.27, down 9.72% from the previous year[5]. - Total operating revenue for Q3 2023 reached ¥1,043,006,658.65, an increase of 14.6% compared to ¥910,275,283.55 in Q3 2022[20]. - The net profit for the third quarter of 2023 was -269,075,605.12 CNY, compared to -292,425,412.02 CNY in the same period last year, showing an improvement of approximately 8%[21]. - Operating profit for the third quarter was -287,300,574.19 CNY, slightly better than -287,829,099.79 CNY in the previous year[21]. - Total comprehensive income for the third quarter was -280,116,058.72 CNY, compared to -355,491,754.42 CNY in the same period last year, indicating a reduction in losses of about 21%[21]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,064,903,826.54, an increase of 9.96% compared to the end of the previous year[5]. - Total assets increased to ¥3,064,903,826.54 from ¥2,807,113,538.74, marking a growth of 9.2%[18]. - Total liabilities rose to ¥3,744,287,701.54, compared to ¥3,206,381,355.02, reflecting an increase of 16.7%[18]. - The company's total equity showed a decline, with total equity at -¥679,383,875.00, worsening from -¥399,267,816.28[18]. - The company's total equity attributable to shareholders is -669 million RMB as of September 30, 2023, indicating potential delisting risks[14]. Cash Flow - The company reported a net cash flow from operating activities of -¥257,585,520.17, a decline of 152.01% compared to the previous year[9]. - Cash flow from operating activities generated a net outflow of -257,585,520.17 CNY, worsening from -102,212,371.93 CNY in the previous year[24]. - Cash flow from investing activities resulted in a net outflow of -146,459,432.73 CNY, compared to -66,992,722.81 CNY in the same period last year[24]. - Cash flow from financing activities showed a net inflow of 420,469,035.27 CNY, significantly higher than 138,212,759.23 CNY in the previous year[24]. - The total cash and cash equivalents at the end of the period stood at 57,095,150.13 CNY, down from 76,052,503.64 CNY at the end of the previous year[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,328[10]. - The largest shareholder, Zhang Zheng, holds 16.43% of shares, totaling 110,378,576 shares, with 90,164,15 shares pledged[10]. - The top ten shareholders hold a combined 50.67% of the company's shares, indicating a concentrated ownership structure[10]. Research and Development - Research and development expenses for the year-to-date were ¥10,038,121.48, a decrease of 37.48% compared to the same period last year[8]. - Research and development expenses decreased to ¥10,038,121.48 from ¥16,056,267.37, a reduction of 37.5%[20]. Inventory and Receivables - The company experienced a 60.97% increase in accounts receivable, totaling ¥390,115,901.76, due to increased sales revenue[8]. - The company reported accounts receivable of 390,115,901.76 RMB, significantly increasing from 242,353,173.96 RMB at the start of the year[16]. - The company's inventory as of September 30, 2023, is 459,478,363.42 RMB, up from 372,524,108.35 RMB at the beginning of the year[16]. - The company reported a significant increase in prepayments, which rose by 113.60% to ¥36,644,586.18, attributed to higher intermediary fees and equipment purchases[8]. Financing Activities - The company plans to issue up to 201,484,817 shares at a price of 5.41 RMB per share, aiming to raise approximately 1,090,032,859.97 RMB for debt repayment and working capital[13]. - The company has a loan of 253 million RMB from Sichuan Development Aviation Industry Investment Group, with a term of 3 years and an interest rate of 6.37%[13]. - The company's financing activities generated a net cash flow of ¥420,469,035.27, an increase of 204.22% compared to the previous year[9]. Market Strategy - The company is actively pursuing strategies to mitigate financial risks and improve liquidity amid challenging market conditions[15].