春兴精工(002547) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 was ¥553,322,718.16, a decrease of 13.09% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥46,961,538.30, representing a decline of 550.10% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥61,710,236.54, down 1,487.67% from the previous year[4]. - The net profit for Q3 2023 was -44,483,009.70 CNY, compared to a net profit of 14,169,031.86 CNY in Q3 2022, indicating a significant decline[20]. - Operating profit for Q3 2023 was -59,411,297.72 CNY, down from 19,358,601.94 CNY in the same period last year[20]. - The company reported a total comprehensive income of -49,822,870.15 CNY for Q3 2023, compared to 20,153,015.51 CNY in Q3 2022[21]. - Basic and diluted earnings per share for Q3 2023 were both -0.0355 CNY, compared to 0.0217 CNY in the same quarter last year[21]. Cash Flow and Liquidity - The operating cash flow net amount for the year-to-date period was ¥268,784,781.41, an increase of 246.08%[4]. - The net cash flow from operating activities for Q3 2023 was ¥268,784,781.41, a significant increase from ¥77,665,239.46 in Q3 2022, representing a growth of approximately 245%[23]. - The total cash outflow from operating activities amounted to ¥2,080,141,744.23, compared to ¥1,982,848,708.61 in the same period last year, indicating an increase of about 4.9%[23]. - The net cash flow from investing activities was -¥46,282,152.29, a decline from ¥66,415,508.11 in Q3 2022, reflecting a decrease of approximately 169.5%[23]. - Cash inflow from financing activities totaled ¥2,240,693,627.28, down from ¥3,067,602,289.21 in Q3 2022, representing a decrease of about 26.9%[23]. - The net cash flow from financing activities was -¥288,905,335.22, compared to -¥177,612,949.49 in the previous year, indicating a worsening of approximately 62.9%[23]. - The ending balance of cash and cash equivalents was ¥147,244,066.26, an increase from ¥122,008,913.29 at the end of Q3 2022[23]. - The company reported a total cash outflow for investment activities of ¥269,435,860.54, compared to ¥606,491,443.90 in Q3 2022, showing a decrease of about 55.6%[23]. - The cash paid to employees was ¥281,222,163.80, slightly up from ¥279,374,040.02 in Q3 2022, reflecting an increase of about 0.7%[23]. - The cash paid for taxes was ¥47,128,906.40, compared to ¥41,583,746.22 in the same period last year, indicating an increase of approximately 13.5%[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,046,185,293.10, a decrease of 10.88% from the end of the previous year[4]. - The company's equity attributable to shareholders decreased by 9.08% to ¥445,845,590.84 compared to the end of the previous year[4]. - Current assets totaled CNY 2,168,049,726.63, down from CNY 2,889,355,114.63, reflecting a decrease of about 25%[16]. - Non-current assets increased to CNY 2,878,135,566.47 from CNY 2,772,641,360.57, showing an increase of approximately 3.8%[16]. - Total liabilities decreased to CNY 4,562,281,964.68 from CNY 5,129,175,411.34, a reduction of about 11%[17]. - Total equity attributable to shareholders decreased to CNY 445,845,590.84 from CNY 490,355,464.26, a decline of approximately 9%[17]. - Inventory decreased significantly to CNY 373,484,288.13 from CNY 485,307,912.97, representing a decrease of about 23%[16]. - The company reported a decrease in accounts payable to CNY 852,054,220.39 from CNY 1,003,531,839.78, a decline of approximately 15%[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 155,847[10]. - The largest shareholder, Sun Haoxiao, holds 27.89% of shares, amounting to 314,560,000 shares, with 288,024,992 shares pledged[10]. - The top ten shareholders include several state-owned and individual investors, indicating a diverse ownership structure[10]. Operational Highlights - The company reported a significant increase in derivative financial assets by 34.92% to ¥21,522,762.25 due to increased futures positions[7]. - The company experienced a 76.76% decrease in receivables financing to ¥6,555,168.55, primarily due to the maturity of bills[7]. - The company reported a 154.72% increase in construction in progress to ¥199,203,234.48, attributed to new equipment purchases[7]. - The company recorded a 143.60% increase in fair value gains to ¥6,331,555.00, driven by increased gains from forward foreign exchange and futures[8]. - The company has completed the sale of 45.33% and 34.67% stakes in Shenzhen Huaxin Technology Co., Ltd. and World Style Technology Holdings Limited, respectively[12]. - Cumulative net profit attributable to shareholders after non-recurring gains and losses from 2020 to 2022 is 31,364.47 million RMB, achieving 95.04% of the promised target of 33,000 million RMB[13]. - The company is required to compensate 2,616.85 million RMB due to not meeting performance commitments[13]. - The company received all equity transfer payments from the buyers, ensuring liquidity for future operations[13]. Cost and Revenue Analysis - Total operating revenue for the third quarter was CNY 1,825,692,232.21, slightly down from CNY 1,829,823,898.45 in the previous year, representing a decrease of approximately 0.07%[19]. - Total operating costs increased to CNY 1,911,347,533.59 from CNY 1,800,461,606.57, marking an increase of about 6.1% year-over-year[19]. - Operating costs included CNY 1,541,704,191.83 in operating expenses, up from CNY 1,448,643,787.79, indicating a rise of approximately 6.4%[19]. - Research and development expenses decreased to 114,784,383.12 CNY from 120,730,696.15 CNY year-over-year[20]. - Total revenue from operating activities increased to 2,192,207,337.96 CNY, compared to 1,915,608,458.79 CNY in the previous year, reflecting a growth of approximately 14.4%[22]. Other Financial Information - The company recorded a financial expense of 55,382,306.15 CNY, an increase from 43,256,008.86 CNY in Q3 2022[20]. - Other income for Q3 2023 was reported at 20,217,604.10 CNY, slightly up from 19,157,431.63 CNY year-over-year[20]. - The tax expense for Q3 2023 was -13,469,463.37 CNY, compared to -1,924,331.22 CNY in the previous year[20]. - The company experienced a significant increase in investment income from joint ventures, rising to 6,019,498.08 CNY from 2,003,893.54 CNY year-over-year[20]. - The company did not undergo an audit for the Q3 2023 report[24].