景兴纸业(002067) - 2022 Q3 - 季度财报

Financial Performance - Q3 2022 revenue was CNY 1,559,541,753.42, a decrease of 6.31% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 2,214,473.45, down 97.70% year-on-year[5] - Basic earnings per share decreased by 97.68% to CNY 0.0019[5] - The total operating revenue for the period reached RMB 4,600,337,736.45, an increase from RMB 4,502,245,849.86 in the previous period, reflecting a growth of approximately 2.0%[18] - The company's net profit attributable to shareholders increased to RMB 2,218,475,640.50 from RMB 2,100,176,158.44, marking a growth of about 5.6%[17] - In Q3 2022, the company's net profit reached CNY 123,845,109.46, a decrease of 67.5% compared to CNY 381,302,137.91 in Q3 2021[19] - The company's operating profit was CNY 121,404,217.08, down 71.2% from CNY 421,067,767.17 in Q3 2021[19] - The company reported a total comprehensive income of CNY 125,460,507.67, down from CNY 350,060,656.09 in the same quarter last year[20] - Basic earnings per share were CNY 0.0991, compared to CNY 0.3147 in Q3 2021, reflecting a decline of 68.5%[20] Cash Flow and Liquidity - Operating cash flow increased significantly by 469.58% to CNY 727,922,400[5] - The company reported a significant increase in cash flow from operating activities, indicating improved liquidity[5] - Cash flow from operating activities increased by 370% year-on-year, mainly due to an increase in cash received from sales of goods[9] - The net cash flow from operating activities was CNY 727,922,455.08, significantly higher than CNY 127,799,068.67 in Q3 2021[23] - The net increase in cash and cash equivalents increased by 75.67% year-on-year, primarily due to the combined effects of the aforementioned factors[9] - The company's cash and cash equivalents decreased to RMB 1,265,002,843.38 from RMB 1,340,654,032.85, representing a decline of approximately 5.6%[15] - The cash and cash equivalents at the end of the period were CNY 1,253,697,377.08, slightly up from CNY 1,226,417,562.08 at the end of Q3 2021[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,980,637,014.48, an increase of 0.51% from the beginning of the year[5] - Total assets as of September 30, 2022, were RMB 7,980,637,014.48, slightly up from RMB 7,940,283,181.97 at the beginning of the year[17] - Total liabilities increased to RMB 2,463,216,073.82 from RMB 2,324,908,319.70, reflecting an increase of approximately 5.9%[17] - Non-current liabilities due within one year increased by 426% compared to the beginning of the period, while long-term borrowings decreased by 64.26% due to the reclassification of long-term borrowings[9] - Shareholders' equity attributable to the parent company was CNY 5,515,932,193.33, up 1.50% from the beginning of the year[5] Investments and Acquisitions - The company completed the acquisition of a 25% stake in Zhejiang Jingxing Board Paper Co., Ltd. for RMB 224,207,150, fully paid as of the report date[13] - The company transferred 100% equity of Sichuan Jingtai Color Packaging Co., Ltd. for RMB 11,043,519.20, receiving the full payment by the report date[13] - Construction in progress increased by 60.25% compared to the beginning of the period, primarily due to increased investment in the Malaysia project with an annual capacity of 800,000 tons of waste paper pulp board[9] - The total investment activities resulted in a net cash outflow of CNY 546,442,897.43, compared to a net outflow of CNY 413,945,949.79 in Q3 2021[23] Operational Metrics - The total operating costs amounted to RMB 4,702,644,746.55, up from RMB 4,135,435,188.95, indicating a significant increase of about 13.7%[18] - Accounts receivable decreased by 51.44% compared to the beginning of the period, primarily due to the collection and payment of matured notes[9] - Accounts receivable decreased to RMB 458,053,711.61 from RMB 567,684,827.96, a reduction of about 19.3%[16] - Inventory increased to RMB 666,264,987.66 from RMB 638,178,180.92, showing a rise of approximately 4.4%[16] - Research and development expenses amounted to CNY 158,322,019.47, a decrease of 9.1% compared to CNY 174,100,086.87 in the previous year[19] Other Financial Information - Non-recurring gains and losses for the current period amounted to CNY 2,639,754.25[7] - The company implemented a retrospective adjustment in accounting policy affecting previous financial statements due to changes in cost classification[6] - Financial expenses increased by 64.76% year-on-year, mainly due to an increase in exchange losses[9] - Deferred income increased by 49.40% compared to the beginning of the period, mainly due to government subsidies received[9] - The number of ordinary shareholders at the end of the reporting period was 69,779[10]