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[4]. - 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%[4]. - The basic earnings per share for the period was ¥0.0107, reflecting a decrease of 58.69% compared to the previous year[4]. - Total operating revenue for the period was CNY 7,938,488,353.59, a decrease of 12.3% compared to CNY 9,054,488,549.58 in the previous period[21]. - Net profit for the period was CNY 340,078,364.65, a decline of 49.7% compared to CNY 675,759,212.03 in the previous period[22]. - Earnings per share (EPS) decreased to CNY 0.1252 from CNY 0.2518 in the previous period, reflecting a 50% drop[23]. - The company reported a total comprehensive income of CNY 339,986,977.05, down 49.6% from CNY 675,353,471.59 in the previous period[23]. 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[4]. - Total assets as of September 30, 2023, amounted to CNY 8,693,547,126.05, a decrease from CNY 9,149,758,633.36 at the beginning of the year[18]. - Current assets totaled CNY 4,425,428,728.53, down from CNY 4,518,393,650.57[17]. - Total liabilities decreased to CNY 4,338,063,263.30 from CNY 5,134,707,070.64, indicating a reduction of 15.5%[22]. - Total current liabilities were CNY 3,283,324,769.80, down from CNY 3,927,623,037.74, indicating a decrease of approximately 16.4%[18]. Cash Flow - Cash flow from operating activities decreased by 42.88%, primarily due to the maturity of three-year time deposits and increased restricted cash[10]. - Cash flow from operating activities showed a net outflow of CNY 333,118,241.39, worsening from a net outflow of CNY 233,137,617.83 in the previous period[23]. - Net cash flow from investing activities was -¥45,559,159.43, compared to -¥164,411,918.75 in the previous year, indicating a significant improvement[24]. - Cash inflow from financing activities totaled ¥1,186,521,085.84, down from ¥2,001,565,958.88 year-over-year[24]. - Net cash flow from financing activities was ¥274,912,905.46, a decrease from ¥610,102,220.16 in the same period last year[24]. - The company reported a net decrease in cash and cash equivalents of -¥103,824,097.27, compared to an increase of ¥213,442,376.02 in the previous year[24]. - The ending balance of cash and cash equivalents was ¥42,937,941.61, significantly lower than ¥337,371,754.01 at the end of the previous year[24]. - Cash inflow from borrowings was ¥387,532,458.21, down from ¥1,036,166,375.71 year-over-year[24]. - Cash outflow for repayment of debts was ¥605,039,079.82, compared to ¥679,839,698.32 in the previous year[24]. Investments and Expenses - The company reported a significant increase in long-term construction projects by 268.52%, indicating increased investment in projects[9]. - Financial expenses rose by 259.89%, attributed to increased interest expenses on bank loans and reduced interest income[9]. - Research and development expenses rose to CNY 56,904,080.30, up 12.1% from CNY 50,456,858.16 in the previous period[21]. - Other income increased to CNY 36,606,670.48, up 69.9% from CNY 21,562,102.11 in the previous period[22]. Shareholder Information - The number of common shareholders at the end of the reporting period was 45,717[12]. - The largest shareholder, Jingzhou Chengfa Capital Operation Co., Ltd., holds an 11.58% stake, equating to 305,073,970 shares[12]. - The company’s total equity attributable to shareholders increased by 8.54% to ¥4,193,187,365.43 compared to the end of the previous year[4]. - Total equity attributable to shareholders increased to CNY 4,193,187,365.43 from CNY 3,863,148,321.27, representing an increase of 8.5%[22]. Legal and Regulatory Matters - The company has recognized a provision for expected liabilities amounting to CNY 52,745,500 as a result of legal proceedings related to prior regulatory penalties[14]. - The company is actively addressing litigation risks associated with regulatory penalties by engaging professional legal advisors[14]. Accounting Standards - The company did not undergo an audit for the third quarter report[25]. - The report is the first to apply new accounting standards starting from 2023[26].