Yorhe(SZ:002795)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was ¥242,339,401.90, a decrease of 9.34% compared to the same period last year[5]. - Total operating revenue for Q3 2023 was CNY 740,215,378.84, a decrease of 7.2% compared to CNY 797,766,358.45 in Q3 2022[21]. - The net profit for Q3 2023 was a loss of CNY 54,729,953.02, compared to a profit of CNY 32,788,900.55 in Q3 2022[22]. - The company reported a gross margin decline, with operating profit at -CNY 43,078,903.81, down from CNY 52,270,098.42 in the same period last year[21]. - The net loss attributable to shareholders was ¥10,417,345.50, representing a significant decline of 294.62% year-over-year[5]. - Basic and diluted earnings per share for Q3 2023 were both -CNY 0.0783, compared to CNY 0.1259 in Q3 2022[22]. Cash Flow - The net cash flow from operating activities was ¥17,196,057.90, down 91.63% from the previous year[13]. - The net cash flow from operating activities for Q3 2023 was ¥17,196,057.90, a significant decrease of 91.66% compared to ¥205,492,707.76 in the same period last year[24]. - Total cash inflow from operating activities was ¥737,087,255.73, down 24.6% from ¥977,427,582.80 year-over-year[24]. - Cash outflow from operating activities totaled ¥719,891,197.83, a decrease of 6.75% compared to ¥771,934,875.04 in Q3 2022[24]. - The net cash flow from investing activities was -¥153,734,207.63, worsening from -¥37,184,212.61 in the previous year[24]. - Cash inflow from financing activities increased to ¥430,230,279.88, up 17.1% from ¥367,211,204.04 year-over-year[25]. - The net cash flow from financing activities increased by 407.64% to ¥98,152,654.98, primarily due to higher borrowings received[13]. - The ending balance of cash and cash equivalents was ¥271,582,116.27, a decrease from ¥287,834,728.79 in the same quarter last year[25]. Assets and Liabilities - Total assets grew by 11.91% to ¥1,733,134,510.86 compared to the end of the previous year[5]. - Total assets increased from ¥1,548,725,920.03 to ¥1,733,134,510.86, reflecting a growth of approximately 11.9%[19]. - Non-current assets rose from ¥877,263,376.04 to ¥1,070,373,785.55, an increase of about 22.0%[19]. - The total liabilities increased to CNY 855,212,155.35, up from CNY 725,723,536.23 year-over-year[20]. - The company's total equity reached CNY 877,922,355.51, compared to CNY 823,002,383.80 in the previous year[20]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,090[15]. - The largest shareholder, Cao Deli, holds 14.95% of shares, totaling 66,640,000 shares, with 29,948,800 shares pledged[15]. - The company has established relationships among major shareholders, with Cao Deli and Yu Yaqin identified as acting in concert[16]. Research and Development - Research and development expenses increased by 71.87% to ¥28,955,583.12, driven by higher personnel costs and material inputs[10]. - Research and development expenses rose significantly to CNY 28,955,583.12, an increase of 71.6% from CNY 16,847,638.00 in Q3 2022[21]. - The company has identified strategic plans for market expansion and new product development, although specific details were not disclosed in the report[18]. Accounts Receivable and Payable - Accounts receivable rose by 78.32% to ¥170,434,551.58, attributed to seasonal sales fluctuations[9]. - Accounts receivable increased from ¥95,578,403.81 to ¥170,434,551.58, representing an increase of approximately 78.3%[19]. - The company experienced a significant increase in accounts payable, which rose to CNY 225,215,809.13 from CNY 156,785,299.00[20]. Stock Repurchase - The company completed the repurchase and cancellation of 52,920 shares of restricted stock as part of its 2022 incentive plan[17].