QLPIPESINDUSTRY(SZ:002457)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥405,078,876.03, a decrease of 23.48% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥2,825,243.77, representing a decline of 106.74% year-on-year[5]. - The company's basic earnings per share for Q3 2023 was -¥0.0085, a decrease of 106.74% compared to the same period last year[5]. - The net profit for Q3 2023 was CNY 15,718,533.28, a significant decrease of 84.06% compared to CNY 98,730,186.88 in Q3 2022[22]. - The total profit for Q3 2023 was CNY 22,795,665.20, a decrease of 78.6% from CNY 106,321,851.80 in Q3 2022[22]. - The company reported a total comprehensive income of CNY 15,345,113.12 for Q3 2023, down from CNY 98,730,186.88 in Q3 2022[23]. - Basic and diluted earnings per share were both CNY 0.0328, a decrease of 87.38% from CNY 0.2594 in the previous year[23]. Cash Flow and Assets - The net cash flow from operating activities decreased by 269.89% year-on-year, amounting to -¥66,187,143.40[5][11]. - The company's cash and cash equivalents decreased to CNY 226,718,418.72 from CNY 390,387,156.52, representing a decline of 42%[18]. - Cash and cash equivalents at the end of Q3 2023 were CNY 187,481,406.48, down from CNY 371,161,083.75 at the end of Q3 2022[25]. - The cash inflow from investment activities was CNY 129,138,114.14, down from CNY 256,959,159.53 in the same period last year[25]. - The net cash flow from financing activities was CNY 14,292,935.56, compared to a negative CNY -7,109,140.13 in Q3 2022[25]. Inventory and Liabilities - The company's inventory increased by 34.86% compared to the beginning of the year, indicating a rise in production materials and products awaiting shipment[10]. - Short-term borrowings increased to CNY 591,733,600.00 from CNY 523,354,185.37, reflecting a rise of 13%[20]. - The total liabilities decreased slightly to CNY 1,634,642,971.27 from CNY 1,648,465,289.79, a reduction of 0.8%[20]. - The company's long-term receivables decreased, while contract liabilities increased by 79.47% due to an increase in advance payments received[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,726[12]. - Ningxia Qinglong Investment Holding Co., Ltd. holds 20.28% of shares, totaling 67,950,754 shares, with 46,500,000 shares pledged[12]. - Chen Jiaxing, the actual controller of the company, holds 9.08% of shares, totaling 30,424,900 shares, with 13,230,000 shares pledged[12]. - The top ten shareholders include several natural persons and entities, with the largest shareholder holding over 20%[12]. Investment Activities - The company has a total of 137,408,600 yuan in financial assets, with a fair value of 71,295,172 yuan[16]. - The company reported a total of 20,489,452 yuan in gains from securities investments during the reporting period[16]. - The company is actively involved in securities investment, with various transactions recorded over the years[16]. - The report indicates that there are no preferred shareholders as per the current reporting period[15]. - The company is focused on maintaining its market position and exploring new investment opportunities[16]. Operating Costs - Total operating revenue for the third quarter of 2023 was CNY 1,225,128,344.91, a decrease of 19.8% compared to CNY 1,528,120,879.02 in the same period last year[21]. - Total operating costs for the third quarter of 2023 were CNY 1,194,514,752.59, down 15.4% from CNY 1,411,731,063.12 year-over-year[21]. - Research and development expenses for the third quarter were CNY 38,742,033.17, down 19% from CNY 47,846,797.42 year-over-year[21]. - The company's net profit margin is under pressure due to declining revenues and increased costs, necessitating strategic adjustments moving forward[21].