SACA(SZ:300464)2023-10-23 16:00Financial Performance - The company's operating revenue for the first three quarters was CNY 1,250.07 million, a decrease of 31.91% year-on-year[10]. - The net profit attributable to shareholders for the same period was CNY -49.66 million, down 59.67% year-on-year[10]. - The net cash flow from operating activities was CNY -25.07 million, a decrease of 224.24% year-on-year, primarily due to declining sales and increased cash outflows for new product promotions[11]. - The company reported a basic earnings per share of CNY -0.1055, a decrease of 25.15% year-on-year[10]. - Net loss for Q3 2023 was CNY 47,408,059.63, compared to a net loss of CNY 31,066,709.66 in Q3 2022, representing a 52.7% increase in losses year-over-year[22]. - Total comprehensive income for the third quarter was -65,855,655.94 CNY, a decrease from -116,894,443.89 CNY in the same period last year[23]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,003.07 million, a decrease of 12.57% compared to the end of the previous year[11]. - Total assets as of September 30, 2023, were CNY 2,003,072,467.19, down from CNY 2,291,024,509.31 at the beginning of the year, reflecting a decrease of 12.6%[20]. - Total liabilities decreased to CNY 1,403,704,969.18 from CNY 2,133,735,824.83, a reduction of 34.3%[21]. - Current assets totaled CNY 961,167,894.52, down 16.5% from CNY 1,150,066,263.05 at the start of the year[20]. - Inventory decreased significantly to CNY 256,073,797.17 from CNY 351,819,379.53, a decline of 27.2%[20]. - Long-term borrowings were recorded at CNY 116,663,298.10, while lease liabilities stood at CNY 30,236,894.47[31]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,387[13]. - The largest shareholder, Xie Xiaohua, holds 21.73% of shares, totaling 102,249,488 shares[13]. - Guangdong Xingye Investment Co., Ltd. holds 17.03% of shares, totaling 80,127,735 shares, with 62,900,000 shares pledged[13]. - The company has a total of 155,630,295 restricted shares, with 57,171,409 shares at the beginning of the period and 6,092,117 shares released during the period[16]. - The total number of shares held by the top ten unrestricted shareholders is 80,127,735 shares[14]. Cash Flow - Cash inflow from operating activities totaled 1,057,006,550.35 CNY, a decrease of 45.2% from 1,936,447,279.49 CNY year-on-year[25]. - Cash outflow from operating activities was 1,082,078,576.96 CNY, down from 1,919,065,493.79 CNY in the previous year[26]. - Net cash flow from investing activities was -279,201,509.72 CNY, compared to -32,837,357.44 CNY in the same period last year[26]. - Cash inflow from financing activities was 820,459,505.63 CNY, an increase from 413,761,498.79 CNY year-on-year[26]. - Cash outflow from financing activities totaled 559,597,774.97 CNY, compared to 493,781,269.92 CNY in the previous year[26]. - The ending balance of cash and cash equivalents was 105,181,991.71 CNY, compared to 73,958,829.25 CNY at the end of the previous year[26]. Accounting and Reporting Changes - The company has implemented changes in accounting policies affecting the recognition of deferred tax assets and liabilities, which may impact future financial reporting[6]. - The company began implementing new accounting standards from January 1, 2023, affecting the financial statements[28]. - The company has not undergone an audit for the third quarter report[32]. - The report was released on October 24, 2023, by the board of directors[33]. Cost Management - The gross profit margin improved, contributing to better cost control and profitability despite the overall revenue decline[11]. - R&D expenses for Q3 2023 were CNY 12,513,408.38, down 65.3% from CNY 36,052,763.40 in Q3 2022[21]. Revenue Decline Factors - The decline in revenue was attributed to reduced consumer spending due to inflation and weak domestic demand[11]. - Total operating revenue for Q3 2023 was CNY 1,250,068,998.22, a decrease of 31.9% compared to CNY 1,835,913,580.88 in Q3 2022[21]. - Total operating costs for Q3 2023 were CNY 1,250,943,787.70, down 32.7% from CNY 1,860,563,684.18 in the same period last year[21].