海宁皮城(002344) - 2023 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2023 was ¥229,993,294.74, a decrease of 11.22% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was ¥24,578,330.57, down 23.54% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,745,634.34, a decline of 31.00% compared to the previous year[5]. - The basic earnings per share for Q3 2023 was ¥0.02, down 33.33% year-on-year[5]. - The weighted average return on equity was 0.29%, a decrease of 0.10% compared to the previous year[5]. - The net profit for Q3 2023 was CNY 168,508,360.85, a decrease of 31.4% compared to CNY 245,394,903.86 in Q3 2022[24]. - Operating profit for Q3 2023 was CNY 239,836,586.56, down from CNY 316,504,251.08 in the same period last year, reflecting a decline of 24.3%[24]. - The company's total revenue for the current period was CNY 826,861,763.54, down from CNY 881,368,572.81 in the previous period, representing a decline of approximately 6.2%[23]. - Operating income was CNY 777,434,409.07, compared to CNY 819,842,056.56 in the prior period, reflecting a decrease of about 5.2%[23]. - The company reported a total comprehensive income of CNY 168,508,360.85 for the period, down from CNY 245,394,903.86 in the previous year, a decrease of 31.4%[25]. - Earnings per share (EPS) for Q3 2023 was CNY 0.10, compared to CNY 0.17 in Q3 2022, reflecting a decline of 41.2%[25]. Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date was ¥49,113,808.72, an increase of 36.09%[5]. - The net cash flow from operating activities increased by 13.02 million RMB, a growth of 36.09% compared to the same period last year, mainly due to a decrease in tax payments[11]. - The net cash flow from investing activities increased by 711.92 million RMB, a growth of 91.78%, primarily due to the redemption of financial products and a decrease in project expenditures[11]. - The net cash flow from financing activities decreased by 777.72 million RMB, a decline of 91.89%, mainly due to an increase in repayments of bank loans and bonds[11]. - Cash and cash equivalents decreased to CNY 1,422,460,718.96 from CNY 1,909,744,299.97, a decline of approximately 25.5%[19]. - Cash and cash equivalents at the end of Q3 2023 totaled CNY 965,518,152.84, down from CNY 1,288,178,858.29 at the end of Q3 2022, a decrease of 25.1%[28]. - Total current assets amounted to CNY 4,128,066,495.90 as of the end of Q3 2023[30]. - Total non-current assets reached CNY 9,669,307,707.47, resulting in total assets of CNY 13,797,374,203.37[30]. - The total assets at the end of Q3 2023 amounted to ¥13,184,461,743.31, representing a decrease of 4.44% from the end of the previous year[5]. - Cash and cash equivalents remained stable at CNY 1,909,744,299.97, indicating liquidity stability[30]. Liabilities and Equity - Total liabilities decreased to CNY 4,629,157,597.68 from CNY 5,326,482,567.42[21]. - Total current liabilities were CNY 820,310,029.02, contributing to total liabilities of CNY 5,326,011,667.02[31]. - The company's equity totaled CNY 8,471,362,536.35, with a slight decrease in retained earnings by CNY 442,653.26[31]. - The company reported a total of CNY 596,537,874.41 in other payables, indicating potential obligations[31]. - The deferred income tax liabilities increased slightly to CNY 24,235,546.54, suggesting tax planning considerations[31]. Operational Changes and Investments - Trade receivables increased by ¥87,708,300, representing a growth of 302.50% compared to the beginning of the year[9]. - Long-term equity investments increased by ¥490,342,000, a growth of 420.97% due to the completion of an investment project[9]. - Short-term borrowings increased by ¥527,114,500, reflecting a growth of 233.57% as a result of increased bank borrowings[9]. - The company has established a joint venture for investment cooperation in various sectors, including ecological health and education, with no further progress reported as of the report date[17]. - A joint venture was formed to adjust the development model of the Chengdu Haining Leather City Phase II project, shifting to a comprehensive cultural and tourism project[17]. - The company has not made further progress on the Moscow China Haining Leather City project, as no formal cooperation agreement has been signed with partners[16]. Expenses and Income - Earned premiums decreased by 2.85 million RMB, a decline of 36.43%, primarily due to a decrease in guarantee business income compared to the same period last year[10]. - Sales expenses increased by 25.63 million RMB, a growth of 89.81%, mainly due to increased marketing and business expenses compared to the same period last year[10]. - Financial expenses increased by 16.84 million RMB, a growth of 131.58%, primarily due to increased interest expenses and decreased interest income compared to the same period last year[10]. - Investment income increased by 30.23 million RMB, a growth of 387.41%, mainly due to increased investment income from invested enterprises compared to the same period last year[10]. - Other income decreased by 15.98 million RMB, a decline of 30.99%, primarily due to a decrease in government subsidies compared to the same period last year[10]. Reporting and Standards - The report was not audited, which may affect the perception of financial reliability[32]. - The company has adopted new accounting standards effective from January 1, 2023, which may impact future financial reporting[29].