COFC(SZ:000798)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥862,086,670.55, a decrease of 14.43% compared to the same period last year[5] - Net profit attributable to shareholders was ¥127,683,020.00, an increase of 1,338.83% year-on-year[5] - Total operating revenue for Q3 2023 was CNY 2,780,768,063.85, a decrease of 5.34% compared to CNY 2,937,712,511.60 in the same period last year[17] - Net profit for Q3 2023 was CNY 71,490,876.63, a decrease of 54.30% compared to CNY 156,029,909.21 in the previous year[18] - The total comprehensive income for Q3 2023 was CNY 108,534,157.44, a decrease from CNY 206,068,623.06 in the same period last year[18] Cash Flow - The net cash flow from operating activities was ¥11,749,714.27, down 78.95% from the previous year[9] - The total cash inflow from operating activities for the period was CNY 3,888,697,643.05, an increase of 23.4% compared to CNY 3,150,677,490.42 in the previous period[20] - The net cash flow from operating activities was CNY 11,749,714.27, significantly down from CNY 55,828,265.48 in the same period last year[20] - The net cash flow from investing activities was -CNY 99,833,733.83, worsening from -CNY 27,033,680.40 in the previous period[20] - Cash inflow from financing activities totaled CNY 2,225,427,540.00, up from CNY 653,452,211.44 in the previous period[21] - The net cash flow from financing activities was CNY 181,168,221.61, a decrease of 43.4% compared to CNY 319,804,560.01 last year[21] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥5,322,586,340.99, an increase of 0.99% compared to the end of the previous year[5] - Total liabilities rose significantly to CNY 3,573,339,727.72 from CNY 1,900,225,658.72, indicating a substantial increase in financial obligations[15] - The equity attributable to shareholders of the parent company decreased to CNY 617,063,882.22 from CNY 2,289,425,921.52, a decline of 73.00%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,860[11] - The top shareholder, China Agricultural Development Group Co., Ltd., holds 81,003,133 shares, representing 22.14% of total shares[11] - The second-largest shareholder, China Fishery Zhoushan Ocean Fisheries Co., Ltd., holds 65,032,900 shares, representing 17.78%[11] Operational Highlights - The company reported a significant increase in prepayments, which rose by 923.79% to ¥130,098,716.98, mainly due to increased trade prepayments[8] - Short-term borrowings increased by 1,009.73% to ¥1,404,427,540.00, reflecting a rise in bank loans[8] - The company experienced a 56.23% decrease in accounts payable, amounting to ¥149,585,380.76, due to timely settlement of supplier accounts[8] - The company has a significant focus on market expansion and new product development as part of its strategic initiatives[12] Other Financial Metrics - The weighted average return on net assets decreased by 12.63% compared to the previous year[5] - The company reported a credit impairment loss of CNY 12,551,172.09, compared to a loss of CNY -3,693,136.57 in the previous year[18] - Other comprehensive income after tax was CNY 37,043,280.81, down from CNY 50,038,713.85 in the previous year[18] - The company reported a total of ¥70,023,758.85 in non-recurring losses, primarily from the net loss of a subsidiary during the consolidation process[6] - The company received government subsidies totaling CNY 90.15 million, with CNY 80.15 million recognized as other income[13]