MINHE(SZ:002234)2023-10-27 16:00Revenue and Profitability - Revenue for Q3 2023 reached ¥486,137,022.70, an increase of 9.24% year-over-year, while year-to-date revenue was ¥1,632,309,770.60, up 50.45% compared to the same period last year[4] - Net profit attributable to shareholders was -¥78,152,252.56 for Q3 2023, a decrease of 125.42% year-over-year, and year-to-date net profit was -¥118,047,786.95, a decline of 64.45%[4] - Basic earnings per share for Q3 2023 was -¥0.23, down 130.00% year-over-year, while year-to-date basic earnings per share was -¥0.34, a decrease of 64.21%[4] - The company's net loss for the third quarter was CNY 123,248,945.87, compared to a loss of CNY 340,120,602.31 in the previous year, showing an improvement in financial performance[17] - The total profit for Q3 2023 was -123,838,999.68 CNY, an improvement from -338,999,197.45 CNY in Q3 2022, indicating a reduction in losses[18] - The net profit for Q3 2023 was -123,959,716.59 CNY, compared to -339,086,029.77 CNY in the same period last year, showing a significant decrease in net losses[18] - The basic and diluted earnings per share for Q3 2023 were both -0.34 CNY, an improvement from -0.95 CNY in the same quarter last year[18] Assets and Liabilities - The company's total assets at the end of Q3 2023 were ¥3,925,511,416.63, a decrease of 0.74% from the end of the previous year[4] - Current assets totaled CNY 1,474,437,243.81 as of September 30, 2023, down from CNY 1,657,406,418.84 at the beginning of the year, a decrease of approximately 11%[14] - Non-current assets increased to CNY 2,451,074,172.82 from CNY 2,297,410,280.78, reflecting a growth of about 6.7%[15] - Total liabilities amounted to CNY 1,380,003,911.71, an increase from CNY 1,285,483,309.56, representing a rise of approximately 7.4%[16] - The company's cash and cash equivalents decreased to CNY 659,285,783.23 from CNY 777,753,656.54, a decline of about 15.2%[13] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥52,972,140.90, an increase of 117.79% compared to the same period last year[4] - The operating cash flow for the period was 52,972,140.90 CNY, a turnaround from -297,768,151.47 CNY in the previous year, reflecting improved cash generation from operations[19] - The cash flow from investment activities resulted in a net outflow of -139,182,739.19 CNY, worsening from -103,327,715.99 CNY in the previous year[20] - The cash flow from financing activities showed a net outflow of -71,717,239.62 CNY, a significant decline compared to a net inflow of 501,318,807.63 CNY in Q3 2022[20] Expenses - The company reported a significant increase in sales expenses, which reached ¥133,678,015.05, up 186.76% year-over-year due to increased e-commerce promotional activities[9] - Total operating costs for the third quarter of 2023 were CNY 1,706,299,201.97, up from CNY 1,382,226,374.51, indicating an increase of about 23.5%[17] - Research and development expenses for the third quarter were CNY 13,225,662.94, slightly up from CNY 12,629,875.88, reflecting a growth of about 4.7%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,909, with the top shareholder holding 17.39% of the shares[10] Other Financial Metrics - The weighted average return on equity was -3.01% for Q3 2023, a decrease of 1.78% year-over-year, while year-to-date it was -4.51%, a decline of 6.71%[4] - The company's non-operating income for Q3 2023 was ¥2,697,863.94, down 34.72% year-over-year, mainly due to reduced carbon emission trading[9] - The company reported a decrease in other cash-related activities, with cash received from tax refunds at 6,080,519.09 CNY, down from 41,867,011.67 CNY in the previous year[19] - The total cash and cash equivalents at the end of Q3 2023 were 459,490,608.54 CNY, down from 651,152,392.82 CNY at the end of Q3 2022[20] - The company has not undergone an audit for the Q3 2023 report[21]