XNTS(SZ:000720)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥321,788,620.83, a decrease of 68.52% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥14,999,652.37, representing an increase in loss of 58.93% year-on-year[7]. - The net cash flow from operating activities was -¥56,241,969.06, a decline of 186.30% compared to the previous year[15]. - The company's basic earnings per share were -¥0.0119, a decrease in loss of 59.11% year-on-year[7]. - The net profit for Q3 2023 was -48,304,602.68 CNY, a decrease from -103,337,638.16 CNY in Q3 2022, representing an improvement of approximately 53.3% year-over-year[27]. - The total operating profit for Q3 2023 was -44,138,363.02 CNY, compared to -94,879,022.18 CNY in the same period last year, indicating a significant reduction in losses[27]. - Basic and diluted earnings per share for Q3 2023 were both -0.0399 CNY, an improvement from -0.0825 CNY in Q3 2022[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,264,849,993.27, down 5.54% from the end of the previous year[7]. - Current liabilities totaled CNY 2,185,958,926.90, a reduction from CNY 2,693,542,798.16 in the previous quarter[24]. - The company's total liabilities amounted to CNY 2,663,372,798.80, down from CNY 2,924,449,315.25 in the previous quarter[24]. - The total equity attributable to shareholders decreased to CNY 2,504,127,147.25 from CNY 2,554,071,832.69[25]. Cash Flow - The company's cash and cash equivalents decreased from 284,575,068.94 RMB at the beginning of the year to 136,688,471.56 RMB by September 30, 2023, a decline of approximately 52.1%[22]. - Cash flow from operating activities for the period was -56,241,969.06 CNY, a decline from 65,169,573.28 CNY in Q3 2022[29]. - Total cash inflow from operating activities was 1,507,464,657.19 CNY, down from 3,893,531,285.56 CNY year-over-year[29]. - Cash outflow from operating activities totaled 1,563,706,626.25 CNY, compared to 3,828,361,712.28 CNY in the previous year[29]. - The net cash flow from investing activities was -2,190,562.07 CNY, an improvement from -6,908,344.31 CNY in Q3 2022[31]. - Cash inflow from financing activities was 1,656,033,334.10 CNY, compared to 1,540,857,397.40 CNY in the same period last year[31]. - The net cash flow from financing activities was -106,700,311.87 CNY, an improvement from -232,772,221.91 CNY year-over-year[31]. - The ending cash and cash equivalents balance was 82,246,734.10 CNY, compared to 75,579,147.05 CNY at the end of Q3 2022[31]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,603[17]. - The largest shareholder, Huaneng Energy Transportation Industry Holding Co., Ltd., holds 23.88% of shares, totaling 300,007,395 shares[17]. - The top ten shareholders include state-owned and private entities, with the top two shareholders having a relationship[18]. Operational Changes - The company ceased non-core supply chain operations, contributing to the decline in revenue and costs[14]. - The company has appointed new senior management, including a new executive vice president and several vice presidents, to ensure operational continuity[20]. - The company has not disclosed any new product developments or market expansion strategies in the current report[20]. - The company is committed to timely information disclosure to protect shareholder interests amid ongoing financial adjustments[20]. Investment and Borrowing - The company reported a significant decrease in operating costs, which were ¥1,158,862,390.26, down 61.36% year-on-year[12]. - The company’s long-term borrowings increased by 127.01% to ¥449,569,341.00, primarily due to loans for project development[10]. - Investment income rose by 115.16% to ¥2,694,570.02, attributed to improved performance of an associated enterprise[12].