XINLUN(SZ:002341)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was ¥183,054,835.58, representing a decrease of 25.36% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥76,169,439.59, a decline of 302.61% year-on-year[5]. - The basic earnings per share for the period was -¥0.0661, down 303.05% from the previous year[5]. - Total operating revenue for Q3 2023 was CNY 485.85 million, a decrease of 34.8% compared to CNY 745.31 million in the same period last year[20]. - Net profit attributable to shareholders of the parent company for Q3 2023 was a loss of CNY 323.15 million, compared to a loss of CNY 110.07 million in Q3 2022[21]. - The basic and diluted earnings per share for Q3 2023 were both -CNY 0.2805, compared to -CNY 0.0955 in the same period last year[22]. Assets and Liabilities - Total assets at the end of the period were ¥4,609,765,655.05, a decrease of 4.00% from the end of the previous year[6]. - The equity attributable to shareholders decreased by 27.32% to ¥837,796,981.66 compared to the end of the previous year[6]. - Current assets totaled RMB 848,647,270.22, down from RMB 944,223,118.41 at the start of the year, indicating a decline of approximately 10.1%[17]. - The company’s total liabilities were RMB 2,882,647,270.22, reflecting a decrease from RMB 3,000,000,000.00 at the beginning of the year[17]. - The total liabilities as of Q3 2023 amounted to CNY 3.77 billion, an increase from CNY 3.65 billion at the end of the previous year[21]. Cash Flow - Cash flow from operating activities showed a net inflow of ¥45,021,877.79, an increase of 162.30% year-to-date[5]. - The company reported a net cash inflow from operating activities of CNY 465.33 million, down from CNY 680.61 million in the previous year[23]. - The net cash flow from operating activities for Q3 2023 was ¥45,021,877.79, an increase from ¥17,164,240.24 in Q3 2022, representing a growth of approximately 162.5%[24]. - The total cash outflow from operating activities decreased to ¥420,309,651.96 in Q3 2023 from ¥663,443,545.52 in Q3 2022, a reduction of about 36.6%[24]. - The cash paid for operating activities decreased to ¥109,646,042.98 in Q3 2023 from ¥151,183,439.34 in Q3 2022, a reduction of approximately 27.5%[24]. Expenses - Financial expenses increased by 31.42% to ¥17,762,430.00, primarily due to accrued penalties and interest on overdue loans[11]. - The company experienced a significant increase in financial expenses, totaling CNY 177.62 million, compared to CNY 135.15 million in the previous year[21]. - Research and development expenses for Q3 2023 were CNY 33.39 million, a decrease of 24.0% from CNY 43.90 million in the same period last year[21]. Inventory and Receivables - Accounts receivable decreased to RMB 135,480,566.08 from RMB 200,026,356.08, representing a reduction of about 32.2%[17]. - Inventory decreased to RMB 160,216,013.09 from RMB 188,391,544.25, reflecting a decline of approximately 15.0%[17]. Strategic Focus - The company's strategic focus has shifted towards new materials, leading to a 34.81% decline in overall revenue due to the contraction of non-new materials businesses[11]. - The company reported a significant increase in prepayments to suppliers, rising by 169.91% to ¥42,790,700.00[10]. Other Financial Metrics - The company recorded a substantial increase in expected liabilities, up 31.30% to ¥12,491,500.00, mainly due to increased provisions for investor litigation costs[11]. - Other comprehensive income after tax for Q3 2023 was CNY 6.29 million, down from CNY 7.97 million in Q3 2022[22]. - The ending balance of cash and cash equivalents was ¥11,888,800.89 at the end of Q3 2023, down from ¥13,764,629.32 at the end of Q3 2022[24].