冠福股份(002102) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥2,591,340,539.34, a decrease of 24.32% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥28,168,875.39, down 58.77% year-on-year, while the net profit excluding non-recurring gains and losses was ¥7,687,937.71, a decline of 86.61%[5]. - The basic earnings per share for the period was ¥0.0107, reflecting a decrease of 58.69% compared to the previous year[5]. - Total operating revenue for Q3 2023 was CNY 7,938,488,353.59, a decrease of 12.3% compared to CNY 9,054,488,549.58 in the same period last year[21]. - Net profit for Q3 2023 was CNY 340,078,364.65, a decline of 49.7% compared to CNY 675,759,212.03 in Q3 2022[22]. - Total comprehensive income for Q3 2023 was CNY 339,986,977.05, down from CNY 675,353,471.59 in Q3 2022[22]. Cash Flow - The company reported a net cash flow from operating activities of -¥333,118,241.39, a decrease of 42.88% year-on-year[5]. - Cash flow from operating activities was CNY 9,122,219,641.63, a decrease from CNY 10,181,979,746.86 in the previous year[24]. - The net cash flow from operating activities for Q3 2023 was -333,118,241.39 CNY, compared to -233,137,617.83 CNY in Q3 2022, indicating a decline in operational cash flow[25]. - Total cash inflow from financing activities was 1,186,521,085.84 CNY, down from 2,001,565,958.88 CNY in the same period last year, reflecting a decrease of approximately 40.8%[26]. - The net cash flow from financing activities was 274,912,905.46 CNY, a decrease of 55.0% from 610,102,220.16 CNY in the previous year[26]. - The total cash inflow from investment activities was 24,733,849.00 CNY, compared to 21,480,223.86 CNY in Q3 2022, showing an increase of about 15.5%[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,693,547,126.05, a decrease of 4.99% from the end of the previous year[5]. - Total liabilities as of Q3 2023 were CNY 4,338,063,263.30, down from CNY 5,134,707,070.64 at the end of the previous year[20]. - The total liabilities include short-term borrowings of CNY 674,903,710.73, a decrease from CNY 719,330,901.69[18]. - The company’s long-term receivables decreased by 94.17%, primarily due to the reclassification of loans to current assets[11]. - The company’s financial expenses increased by 259.89%, mainly due to higher interest expenses on bank loans[12]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 45,717[14]. - The largest shareholder, Jingzhou Chengfa Capital Operation Co., Ltd., holds 11.58% of shares, totaling 305,073,970 shares[14]. Inventory and Receivables - Accounts receivable decreased to CNY 433,533,486.51 from CNY 461,821,484.56[18]. - Inventory increased to CNY 1,707,753,889.53 from CNY 1,661,796,143.92[18]. - The company’s prepayments increased by 117.54%, indicating a rise in advance payments for goods[11]. Legal and Regulatory Matters - The company has recognized a provision for expected liabilities of CNY 52,745,500 due to ongoing litigation related to regulatory penalties[16]. - The company is actively addressing legal risks associated with regulatory penalties by hiring professional legal advisors[16]. Research and Development - Research and development expenses for Q3 2023 were CNY 56,904,080.30, compared to CNY 50,456,858.16 in the same period last year, reflecting a 12.1% increase[21]. Tax and Subsidies - The company received government subsidies amounting to ¥16,502,976.65 during the period, contributing to an increase in other income by 69.77%[12]. - The company received tax refunds amounting to 59,559,985.23 CNY, compared to 42,183,525.14 CNY in Q3 2022, indicating an increase of approximately 41.2%[25].