ST有棵树(300209) - 2023 Q3 - 季度财报

Financial Performance - Revenue for Q3 2023 was CNY 109,336,437.47, a decrease of 45.84% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY -83,176,730.48, down 67.55% year-on-year[5]. - Basic and diluted earnings per share were both CNY -0.1917, reflecting a decline of 64.97% from the previous year[5]. - The company reported a net loss attributable to shareholders of CNY -47,889,375.00, compared to a profit of CNY 73,474,399.73 in the previous year[19]. - The net profit for Q3 2023 was -144,278,062.29 CNY, compared to -130,180,746.47 CNY in Q3 2022, indicating a year-over-year increase in net loss of approximately 10.8%[21]. - The total comprehensive income for Q3 2023 was -147,156,687.95 CNY, compared to -131,910,670.12 CNY in Q3 2022, reflecting an increase in comprehensive loss of approximately 11.5%[21]. - Basic and diluted earnings per share for Q3 2023 were both -0.3375 CNY, compared to -0.3212 CNY in Q3 2022, indicating a decline in earnings per share[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 686,388,494.77, a decrease of 15.58% from the end of the previous year[5]. - The total assets decreased to CNY 686,388,494.77 from CNY 813,111,046.29, a drop of 15.6%[19]. - Total liabilities decreased slightly to CNY 747,689,722.90 from CNY 756,610,755.69, a reduction of 1.2%[19]. - Shareholders' equity attributable to the parent company was CNY -47,889,375.00, a significant drop of 165.18% compared to the previous year[5]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY -16,528,093.92, a drastic decline of 740.78% year-to-date[5]. - The net cash flow from operating activities was -16,528,093.92 CNY for Q3 2023, worsening from -1,965,800.42 CNY in the same period last year[22]. - The cash outflow from operating activities totaled 400,672,875.92 CNY in Q3 2023, down from 608,548,833.92 CNY in Q3 2022, showing a reduction of about 34.2%[22]. - Net cash flow from operating activities decreased by ¥14,562,293.50, representing an 88.11% decline, primarily due to increased cash service fees paid by the parent company[11]. - Net cash flow from investing activities increased by ¥7,506,839.40, up 657.42%, due to the recovery of equity funds from the disposal of a subsidiary[11]. Revenue and Costs - Operating revenue decreased by ¥280,415,252.04, a decline of 44.87% year-on-year, attributed to reduced sales scale and a downturn in cross-border e-commerce business[11]. - Total operating revenue for the third quarter was CNY 344,564,469.74, a decrease of 44.9% compared to CNY 624,979,721.78 in the same period last year[20]. - Total operating costs amounted to CNY 417,785,070.58, down 42.7% from CNY 729,476,557.15 year-over-year[20]. - Operating costs fell by ¥214,882,831.57, down 46.06%, in line with the decrease in revenue[11]. Investments and Equity - Investment income dropped significantly by ¥1,618,011.30, a decrease of 3565.43%, due to the disposal of equity in a subsidiary[11]. - Long-term equity investments rose by ¥430,549.44, a significant increase of 159.79%, due to changes from the disposal of equity in Tianze Zhiliang[11]. - The company raised 2,059,000.00 CNY from minority shareholders during Q3 2023, compared to 1,280,000.00 CNY in Q3 2022, marking an increase of approximately 60.6%[23]. Other Financial Metrics - The company reported a weighted average return on equity of -21.94%, down 9.85% year-on-year[5]. - The company reported a net loss in financial expenses of ¥7,207,605.59, a decrease of 311.63%, due to lower exchange gains compared to the previous year[11]. - Research and development expenses were CNY 12,077,475.36, down 15.8% from CNY 14,345,258.34 year-over-year[20]. - The company did not report any significant new product launches or technological advancements during the quarter[24]. Accounts and Inventory - Accounts receivable decreased by ¥51,333,556.64, down 44.55%, as bad debt provisions were made based on customer credit conditions[11]. - Accounts receivable decreased significantly to CNY 63,887,586.79 from CNY 115,221,143.43, a reduction of 44.6%[18]. - Inventory levels decreased to CNY 140,135,012.51 from CNY 194,628,112.20, representing a decline of 28.0%[18]. - Prepayments increased by ¥7,290,474.27, a rise of 32.47%, due to increased advance payments to suppliers[11].