Profit C&C(SZ:300640)2023-10-24 16:00Financial Performance - The company's revenue for Q3 2023 was CNY 191,069,487.86, a decrease of 9.46% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 15,498,481.74, down 30.19% year-on-year[5]. - The basic earnings per share for Q3 2023 was CNY 0.0496, reflecting a decline of 35.24% compared to the previous year[5]. - The net profit for the first nine months of 2023 was CNY 22,113,008.25, a decrease of 48.99% compared to CNY 43,349,926.85 in the same period of 2022[10]. - Operating profit decreased by 52.93% to CNY 24,049,887.38, primarily due to increased exhibition costs and depreciation of fixed assets[10]. - The company's total comprehensive income decreased by 48.99% to CNY 22,113,008.25, influenced by increased costs and reduced foreign exchange gains[10]. - Net profit for Q3 2023 was CNY 22,113,008.25, a decline of 48.9% compared to CNY 43,349,926.85 in Q3 2022[27]. - Basic and diluted earnings per share for Q3 2023 were CNY 0.0709, down from CNY 0.1495 in Q3 2022[27]. Assets and Liabilities - Total assets as of September 30, 2023, amounted to CNY 917,150,518.83, a decrease of 16.26% from the end of the previous year[5]. - The company's total liabilities decreased by 62.76% to CNY 96,926,946.15, primarily due to loan repayments and the return of performance guarantees[9]. - The total liabilities decreased by 61.46% to CNY 102,933,774.10, mainly due to repayment of loans and return of performance bonds[10]. - Total assets decreased to CNY 917,150,518.83 in Q3 2023 from CNY 1,095,184,854.60 in Q3 2022, reflecting a decline of 16.2%[24]. - Total liabilities decreased to CNY 102,933,774.10 in Q3 2023 from CNY 267,111,906.88 in Q3 2022, a reduction of 61.5%[24]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 36,901,577.07, down 71.36% compared to the same period last year[5]. - Cash flow from operating activities was CNY 36,901,577.07, down 71.36% from CNY 128,865,199.69 in the previous year[11]. - The company reported a 77.55% decrease in cash received from operating activities, totaling CNY 10,688,485.61, due to a reduction in performance bonds[11]. - Operating cash inflow for the period was CNY 619,193,155.70, down 22.4% from CNY 797,238,689.40 in the previous period[28]. - Net cash flow from operating activities decreased to CNY 36,901,577.07, a decline of 71.4% compared to CNY 128,865,199.69 in the same period last year[28]. - Cash inflow from investment activities increased significantly to CNY 319,499,287.20, compared to CNY 125,862,887.05 in the previous period[29]. - Net cash flow from investment activities was negative at CNY -98,497,907.96, an improvement from CNY -234,924,028.27 in the previous year[29]. - Cash inflow from financing activities totaled CNY 50,350,000.00, down 81.7% from CNY 275,430,433.94 in the previous period[29]. - Net cash flow from financing activities was CNY -194,141,452.25, compared to a positive CNY 133,830,813.99 in the same period last year[29]. - The ending balance of cash and cash equivalents was CNY 119,301,544.82, down 41.0% from CNY 201,834,828.61 in the previous year[29]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,599[13]. - The largest shareholder, Wu Tifang, holds 36.31% of shares, totaling 113,440,509 shares, with 85,080,382 shares pledged[13]. - The second-largest shareholder, Chen Lan, holds 3.10% of shares, totaling 9,692,700 shares, with no shares pledged[13]. - The total number of shares held by the top 10 shareholders includes significant pledges, with Wu Tifang's pledged shares representing 75% of her holdings[13]. - The company has a total of 85,080,382 restricted shares held by Wu Tifang, which are subject to a 25% annual release during her tenure[16]. - The total number of unrestricted shares held by the top 10 shareholders is 56,000,000 shares, indicating a strong base of liquid shares[14]. Business Operations and Strategy - The company is actively expanding its domestic market presence and has established Fujian Deyi Classic Technology Co., Ltd. in July 2023 to focus on cultural creative products[20]. - The company is enhancing its research and development capabilities and participating in various offline exhibitions to improve product and service offerings[19]. - The company aims to integrate traditional craftsmanship with modern technology in its product development efforts[20]. - The company is focusing on cross-border e-commerce, which has shown steady revenue growth[19]. - The company is restructuring its marketing system to support a dual circulation business model, enhancing both domestic and international sales channels[20]. - The report does not provide specific future guidance or performance outlook for the upcoming quarters[16]. - The company has not reported any new product launches or technological advancements in this quarter[16]. - There are no indications of market expansion or mergers and acquisitions in the current reporting period[16]. Research and Development - The company has allocated CNY 16,958,375.44 for R&D expenses in Q3 2023, slightly down from CNY 17,891,764.82 in Q3 2022[26].