*ST西发(000752) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥29,963,902.23, a decrease of 74.26% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥24,967,069.44, representing a decline of 731.44% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥17,196,819.71, down 369.77% from the previous year[7]. - The basic earnings per share for Q3 2022 was -¥0.09, reflecting an 800.00% decline year-on-year[7]. - The total operating income for the first three quarters of 2022 was ¥214,811,165.78, down 29.75% from the same period in 2021[10]. - The net profit attributable to the parent company was a loss of CNY 42,800,817.51, representing a 224.33% increase in loss compared to a loss of CNY 13,196,557.65 in the same period last year[11]. - Sales revenue for the first three quarters of 2022 was CNY 236,895,306.50, down 23.14% from CNY 308,213,090.98 in the first three quarters of 2021, largely due to pandemic-related sales declines[11]. - Net profit for Q3 2022 was a loss of CNY 40.45 million, compared to a profit of CNY 15.18 million in Q3 2021[26]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥891,076,315.14, a decrease of 2.00% compared to the end of the previous year[7]. - The company's equity attributable to shareholders decreased to -¥7,616,743.47, a decline of 121.65% compared to the end of the previous year[10]. - The company's total assets decreased to CNY 891.08 million from CNY 909.24 million at the end of the previous quarter[24]. - Total liabilities increased to CNY 563.30 million, up from CNY 541.02 million in the previous quarter[24]. - The equity attributable to shareholders of the parent company was a negative CNY 7.62 million, compared to a positive CNY 35.18 million in the previous quarter[24]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥4,578,537.99, an increase of 131.63% compared to the previous year[7]. - Cash received from operating activities decreased by 60.31% to CNY 7,984,817.25 from CNY 20,115,535.67, attributed to reduced sales and other cash receipts[11]. - Operating cash inflow for the current period was CNY 245,462,035.84, down 25.2% from CNY 328,328,626.65 in the previous period[28]. - Net cash flow from operating activities turned positive at CNY 4,578,537.99, compared to a negative CNY 14,476,642.91 in the previous period[28]. - The ending balance of cash and cash equivalents was CNY 15,434,906.87, up from CNY 14,579,396.60 in the previous period[29]. Expenses and Costs - The operating cost for Q3 2022 was CNY 180,434,651.01, a decrease of 23.30% compared to CNY 235,236,195.34 in Q3 2021, primarily due to reduced sales impacted by the pandemic[11]. - Management expenses increased by 50.34% to CNY 18,387,875.64 from CNY 12,231,080.72, mainly due to higher intermediary fees during the reporting period[11]. - The company reported a decrease in tax expenses by 82.08% to CNY 1,000,080.85 from CNY 5,580,765.85, primarily due to reduced sales and increased bad debt provisions[11]. Strategic Initiatives - The company signed a strategic cooperation framework agreement with Chongqing Zhongjieneng Industrial Co., Ltd. on May 18, 2022, although it does not impose binding obligations[15]. - The company signed a cooperation framework agreement with the People's Government of Dujiangyan City on June 2, 2022, which is a preliminary agreement and requires further formal agreements for implementation[16]. - The company proposed to invest up to 45 million yuan in a new bottling production line at its Lhasa facility, with a construction period not exceeding one year[17]. - The company plans to enhance its market expansion efforts and invest in new product development to improve financial performance moving forward[25]. Legal and Governance - The company is undergoing a legal process regarding a dispute with Tibet Yuanzheng Packaging Co., Ltd., with arbitration proceedings initiated[20]. - The company has appointed Beijing Tongshang (Chengdu) Law Firm to provide legal services for rectification matters related to its subsidiary, Tibet Lhasa Beer Co., Ltd.[17]. - The company is in the process of selecting a new board secretary following the resignation of the previous secretary due to personal reasons[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,570, with no preferred shareholders[13]. - The major shareholder, Tibet State-owned Capital Investment Operation Co., Ltd., plans to reduce its holdings by up to 5,260,000 shares (2% of total shares) within six months, subject to market conditions[16].