XYT(SZ:002087)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 231.57 million, a decrease of 63.60% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY 95.07 million, an increase of 67.23% year-on-year[5]. - Total operating revenue for the current period is CNY 2,194,013,835.79, a decrease of approximately 17.5% compared to CNY 2,660,417,790.46 in the previous period[18]. - The net profit for the current period is a loss of CNY 119,411,442.90, compared to a loss of CNY 340,338,227.01 in the previous period, indicating an improvement[20]. - The total comprehensive income for the current period is a loss of CNY 122,929,312.85, compared to a loss of CNY 341,097,771.14 in the previous period[21]. - Basic and diluted earnings per share for the current period are both -0.1462, compared to -0.4167 in the previous period, showing a reduction in losses per share[21]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 173.82% compared to the same period last year, primarily due to a decline in sales and an increase in purchases[9]. - The company reported a significant reduction in cash and cash equivalents compared to the beginning of the year, mainly due to reduced accounts payable and lower operating revenue[8]. - The net cash flow from operating activities is negative CNY 407,622,771.48, a significant decline from a positive CNY 550,390,850.55 in the previous period[22]. - The net cash flow from financing activities improved to 424,208,331.55 from a negative 562,476,796.68 in the same period last year, showing a significant turnaround[23]. - Cash inflow from financing activities totaled 2,247,608,989.44, a decrease from 2,425,021,064.30 year-over-year, reflecting a decline of about 7.3%[23]. - The cash and cash equivalents at the end of the period were 8,612,591.74, down from 60,654,412.27, representing a decrease of approximately 85.8%[23]. Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 5.87 billion, down 13.17% from the previous year[5]. - The company's total assets as of September 30, 2023, amount to 5,868,294,038.28 RMB, down from 6,758,026,394.83 RMB at the beginning of the year[16]. - Current assets decreased to 2,802,120,272.27 RMB from 3,511,567,093.83 RMB at the start of the year, indicating a decline of approximately 20.2%[15]. - Total liabilities decreased to 5,289,787,312.31 RMB from 6,056,590,356.01 RMB, reflecting a reduction of about 12.7%[16]. - Long-term borrowings increased by 101.36% compared to the beginning of the year, reflecting a shift from current liabilities to long-term debt[9]. - Short-term borrowings increased to 3,394,549,591.07 RMB from 3,211,199,817.73 RMB, representing an increase of approximately 5.7%[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,602[12]. - The largest shareholder, Xinye County Finance Bureau, holds 27.30% of shares, amounting to 222,960,192 shares, with 100,000,000 shares pledged[12]. - The company's equity attributable to shareholders of the parent company is CNY 578,506,725.97, down from CNY 701,436,038.82, a decline of about 17.5%[20]. Research and Development - The company's R&D expenses decreased by 44.3% compared to the same period last year, indicating reduced investment in research and development[9]. - Research and development expenses decreased to CNY 27,985,468.52 from CNY 50,241,579.63, a reduction of approximately 44.1%[18]. Government Support - The company received government subsidies amounting to CNY 2.65 million in the current period, contributing to its non-operating income[6]. Inventory and Operating Costs - The company reported a significant reduction in inventory, which decreased to 719,787,861.58 RMB from 765,804,991.32 RMB, a decline of approximately 6.0%[15]. - Total operating costs for the current period are CNY 2,283,882,869.86, down from CNY 3,013,838,688.05, reflecting a reduction of about 24.2%[18]. Audit Status - The company did not undergo an audit for the third quarter report, which may affect the reliability of the financial data presented[24].