兴化股份(002109) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached CNY 1,183,824,851.99, representing a 75.85% increase compared to the same period last year[3] - The net profit attributable to shareholders was CNY -39,467,386.60, a decrease of 195.67% year-on-year[3] - The total operating revenue for the period reached CNY 2,810,460,486.30, an increase from CNY 2,554,853,026.79 in the previous period, reflecting a growth of approximately 10%[23] - The company reported a significant increase in long-term borrowings, which reached CNY 4,026,485,144.16, up from CNY 3,650,496,966.78, reflecting a growth of approximately 10.3%[21] - The net profit for Q3 2023 was -186,917,773.99 CNY, compared to a net profit of 462,637,552.24 CNY in Q3 2022, indicating a significant decline[24] - Operating profit for Q3 2023 was -185,967,299.74 CNY, down from 554,490,952.89 CNY in the same period last year[24] - The company reported a total comprehensive loss of -186,917,773.99 CNY for Q3 2023, compared to a comprehensive income of 462,637,552.24 CNY in Q3 2022[25] - Basic and diluted earnings per share for Q3 2023 were both -0.2045 CNY, down from 0.4463 CNY in Q3 2022[25] Cash Flow and Assets - Operating cash flow for the period was CNY 458,778,100.00, reflecting a 22.25% increase compared to the previous year[4] - The cash flow from financing activities decreased by 87.83% to CNY 153,668,735.58, attributed to reduced bank borrowings[9] - The cash and cash equivalents as of September 30, 2023, were CNY 740,522,581.55, compared to CNY 1,710,153,486.99 at the beginning of the year, showing a decrease of approximately 57.7%[19] - The total cash and cash equivalents at the end of Q3 2023 were 740,522,581.55 CNY, a decrease from 1,869,346,717.97 CNY at the end of Q3 2022[29] - The company’s investment activities resulted in a net cash outflow of -1,582,077,772.26 CNY in Q3 2023, compared to -1,488,175,200.89 CNY in Q3 2022[28] Costs and Expenses - The company reported a 47.09% increase in operating costs, totaling CNY 2,752,211,599.26, primarily due to the ethanol project investments[9] - The total operating costs amounted to CNY 2,921,474,802.28, up from CNY 1,979,873,596.46, indicating a significant increase of around 47.5%[23] - The company incurred financial expenses of 34,419,165.37 CNY in Q3 2023, compared to a financial income of -12,517,544.13 CNY in Q3 2022[24] Assets and Liabilities - The total assets as of September 30, 2023, were CNY 10,976,107,545.84, a decrease of 8.61% from the beginning of the year[9] - Total liabilities amounted to CNY 5,864,393,494.26, compared to CNY 5,553,710,593.69 previously, indicating an increase of approximately 5.6%[21] - The company's equity attributable to shareholders decreased to CNY 4,215,627,780.28 from CNY 5,593,057,522.20, a decline of around 24.6%[21] - The company's total liabilities increased, with a significant portion attributed to interest payments and operational costs, impacting overall profitability[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,016[11] - Shaanxi Yanchang Petroleum (Group) Co., Ltd. holds 48.24% of shares, totaling 507,956,355 shares[11] - Shaanxi Xinghua Group Co., Ltd. holds 21.13% of shares, totaling 222,473,689 shares[11] - The top ten shareholders include natural persons Chen Wufeng and Cao Bin, holding 2.42% (25,457,674 shares) and 0.86% (9,100,820 shares) respectively[11] Future Plans and Strategies - The company plans to continue expanding its market presence and investing in new projects to enhance future growth prospects[3] - The company has initiated a non-public offering of A-shares since 2020, with relevant announcements made on August 11, 2020, and December 30, 2020[13] - The company received approval from the Shaanxi Provincial Government for the non-public issuance of shares on January 21, 2021[14] - The company held a board meeting on July 19, 2022, to review the non-public offering plan for 2020[15] - The company has extended the validity period of the non-public offering resolutions and authorizations as of December 10, 2022[16] - The company has not disclosed any information regarding the existence of concerted actions among the remaining shareholders[11] - The company has not provided specific future performance guidance or market expansion strategies in the current report[11]