万年青(000789) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,879,209,581.58, a decrease of 26.10% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2023 was CNY 42,011,586.66, down 43.97% year-on-year[5] - The basic earnings per share for Q3 2023 was CNY 0.0526, reflecting a decline of 44.10% compared to the previous year[5] - Total operating revenue for the third quarter was CNY 5,985,125,478.81, a decrease of 28.6% compared to CNY 8,386,488,701.98 in the same period last year[18] - Net profit for the period was CNY 444,957,720.77, a decline of 43.3% from CNY 782,886,594.26 in the previous year[19] - The profit attributable to the parent company's shareholders was CNY 308,866,779.43, down 45.5% from CNY 567,009,553.97 year-over-year[19] - Comprehensive income totalled CNY 418,890,508.39, a decrease of 24.5% compared to CNY 554,857,327.25 in the same quarter last year[19] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to CNY 16,633,530,373.20, representing a decrease of 8.70% from the end of the previous year[5] - As of September 30, 2023, total current assets amounted to CNY 6,895,178,300.33, a decrease from CNY 8,075,446,137.26 at the beginning of the year, representing a decline of approximately 14.6%[14] - Total non-current assets decreased to CNY 9,738,352,072.87 from CNY 10,143,414,114.79, reflecting a reduction of about 4.0%[15] - The total assets of the company as of September 30, 2023, were CNY 16,633,530,373.20, down from CNY 18,218,860,252.05 at the start of the year, indicating a decrease of approximately 8.8%[15] - Total current liabilities were CNY 3,333,821,067.06, down from CNY 4,943,885,560.51, showing a reduction of about 32.6%[15] - The company's total liabilities decreased to CNY 6,174,296,781.39 from CNY 7,760,618,673.14, representing a decline of approximately 20.4%[15] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of CNY 464,690,127.51, up 563.86% year-to-date[5] - Cash inflow from operating activities totaled ¥6,440,639,158.90, a decline of 24.8% from ¥8,560,819,621.56 in the previous year[20] - The net cash flow from operating activities was ¥464,690,127.51, a significant improvement from a negative cash flow of ¥100,179,640.78 in the same period last year[20] - Cash outflow from investing activities was ¥412,710,391.26, down from ¥1,197,608,436.46 in the previous year, resulting in a net cash flow from investing activities of -¥259,744,050.90[21] - Cash inflow from financing activities was ¥799,133,800.44, compared to ¥1,896,180,000.00 in the same period last year, with a net cash flow from financing activities of -¥847,298,030.87[21] - The total cash and cash equivalents at the end of Q3 2023 were ¥3,157,134,472.23, slightly up from ¥3,130,563,194.66 at the end of Q2 2023[21] Equity and Shareholder Information - The company's equity remained stable with a slight increase in share capital to CNY 797,402,592.00 from CNY 797,402,578.00[15] - The equity attributable to shareholders of the parent company rose to CNY 7,048,214,058.05, an increase from CNY 6,944,402,128.76[19] - The net profit attributable to minority shareholders for Q3 2023 was ¥136,949,019.15, a decrease from ¥216,538,646.82 in the same period last year[20] - Basic earnings per share for Q3 2023 were ¥0.3873, down from ¥0.7111 in Q3 2022, while diluted earnings per share were ¥0.3766 compared to ¥0.6710 last year[20] Operational Insights - The company experienced a 70.38% decrease in accounts receivable, totaling CNY 251,003,908.18 at the end of the period[9] - The company reported a significant increase in special reserves, which rose by 449.44% to CNY 33,359,082.21 due to increased provisions for mine safety production fees[9] - Research and development expenses increased to CNY 41,699,714.37, up from CNY 39,925,890.38, reflecting a growth of 4.4%[18] - The company is expected to continue focusing on operational efficiency and cost management in the upcoming quarters to improve financial performance[20] Other Financial Metrics - Investment income for the year-to-date period was CNY 31,346,556.46, down 82.35% compared to the previous year[9] - The company recorded a fair value change gain of CNY 17,617,756.00, a 135.66% increase year-on-year[9] - The company reported a decrease in other comprehensive income, with a net loss of CNY 26,067,212.38 compared to a loss of CNY 228,029,267.01 last year[19] - The company did not report any profit from subsidiaries prior to the merger, with net profit from merged entities being ¥0.00 for both periods[20] - The company has not yet audited the Q3 report, indicating that the figures may be subject to change[22]