Shenyang Chemical (SZ:000698)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥1,370,896,329.19, a decrease of 25.09% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥64,533,172.35, representing a decline of 14.22% year-on-year[5]. - The basic earnings per share for Q3 2023 was -¥0.079, a decrease of 14.13% compared to the same period last year[5]. - Total operating revenue for the third quarter was ¥3,685,371,886.32, a decrease of 22.36% compared to ¥4,745,175,289.51 in the same period last year[20]. - The net loss for the period was ¥308,095,836.76, compared to a net loss of ¥242,495,678.23 in the previous year, representing an increase in loss of 27.08%[21]. - The company reported a total comprehensive loss of ¥308,095,836.76 for the period, compared to a loss of ¥242,495,678.23 in the previous year[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,397,399,135.12, down 6.16% from the end of the previous year[5]. - Total current assets as of September 30, 2023, amount to ¥3,041,097,104.84, a decrease from ¥3,318,565,139.85 at the beginning of the year[16]. - Total liabilities decreased to ¥4,692,467,449.60 from ¥4,808,715,362.31, reflecting a reduction of 2.42%[18]. - The total equity attributable to shareholders decreased by 15.23% to ¥1,694,263,847.60 compared to the previous year-end[5]. - The total equity attributable to shareholders of the parent company decreased to ¥1,694,263,847.60 from ¥1,998,679,933.34, a decline of 15.24%[18]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥160,540,388.58, a significant decline of 124.56% year-to-date[5]. - The net cash flow from operating activities was negative at ¥160,540,388.58, a significant decline from a positive cash flow of ¥653,621,118.66 in the same period last year[23]. - The cash received from sales of goods and services was ¥3,924,471,668.28, a decrease of 25.14% from ¥5,239,659,390.88 in the same period last year[23]. - The net cash flow from investment activities was -83,916,865.45 CNY, with total cash inflow of 473,859,604.16 CNY and outflow of 458,194,115.23 CNY[25]. - The cash flow from financing activities generated a net inflow of 6,123,625.86 CNY, with total inflow of 2,618,824,290.95 CNY and outflow of 3,113,492,257.88 CNY[25]. - The cash and cash equivalents at the end of the period amounted to 708,240,651.71 CNY, down from 1,227,384,896.79 CNY at the beginning of the period[25]. - The company experienced a decrease in cash and cash equivalents by 237,865,194.11 CNY during the quarter[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 58,277[12]. - The largest shareholder, Shenyang Chemical Group Co., Ltd., holds 26.68% of shares, totaling 218,663,539 shares[12]. Operational Metrics - The accounts receivable increased by 56.56% to ¥115,224,629.65 due to normal growth within the credit limit during the reporting period[10]. - The prepayments surged by 180.41% to ¥145,069,743.83, primarily due to advance payments for inventory before the holiday[10]. - The company reported a significant drop in other business income, which fell by 93% to ¥42,293,335.88, mainly due to a decrease in raw material oil sales[10]. - The asset impairment loss increased by 650% to ¥9,855,693.72, attributed to the impairment testing of finished goods[10]. - Inventory decreased to ¥316,369,995.70 from ¥398,130,647.79, a decline of 20.5%[16]. Leadership Changes - The company has announced the resignation of the chairman and general manager, indicating potential changes in leadership strategy[14]. Research and Development - Research and development expenses were ¥140,107,567.07, down 7.34% from ¥151,223,230.75 year-on-year[20]. Accounting Standards - The company has not undergone an audit for the third quarter report[26]. - The report indicates the first-time implementation of new accounting standards starting in 2023[26].