Petpal Tech.(SZ:300673)2023-10-23 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥423,838,007.43, a decrease of 16.66% compared to the same period last year, and a year-to-date revenue of ¥916,492,284.39, down 32.34% year-on-year[5]. - Net profit attributable to shareholders for Q3 2023 was ¥13,537,705.47, a decline of 79.93%, with a year-to-date net profit of -¥29,159,639.55, down 118.47% year-on-year[5]. - The basic earnings per share for Q3 2023 was ¥0.05, representing an 81.48% decrease, while the diluted earnings per share was also ¥0.05, down 81.48%[5]. - Total operating revenue for Q3 2023 was ¥916,492,284.39, a decrease of 32.3% compared to ¥1,354,612,253.13 in the same period last year[24]. - The net profit for Q3 2023 was -30,131,102.16 CNY, compared to a net profit of 160,196,215.57 CNY in the same period last year, indicating a significant decline[25]. - The total operating expenses for Q3 2023 were 836,756,857.68 CNY, compared to 1,019,374,628.89 CNY in Q3 2022, reflecting a decrease of approximately 17.9%[25]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥2,914,903,364.53, an increase of 0.91% from the end of the previous year[5]. - Accounts receivable increased by 80.32% to ¥323,980,713.25, primarily due to an increase in overdue receivables[9]. - Total liabilities rose to ¥1,036,516,807.97, an increase of 7.1% compared to ¥967,189,497.90[22]. - Non-current assets totaled ¥1,295,729,649.57, an increase of 6.4% from ¥1,217,297,593.09[22]. - The company's cash and cash equivalents decreased to ¥665,694,648.49 from ¥832,606,271.14, representing a decline of 20.0%[22]. Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥58,510,437.07, an improvement of 36.50% compared to the previous period[10]. - The net cash flow from financing activities was -¥49,595,262.72, a 55.26% improvement compared to the previous period, mainly due to reduced repayments of bank loans[10]. - The net cash flow from operating activities was -58,510,437.07 CNY, an improvement from -92,146,216.00 CNY in the previous year[26]. - The cash flow from financing activities was -49,595,262.72 CNY, an improvement from -110,857,583.54 CNY in the previous year[27]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,096[13]. - The largest shareholder, Chen Zhenbiao, holds 31.43% of shares, totaling 79,650,000 shares[13]. - The company has repurchased 5,282,135 shares, ranking among the top 10 shareholders[14]. - The top 10 shareholders include significant stakes from family members, indicating a concentrated ownership structure[14]. - The company has not disclosed any other significant shareholder relationships or agreements beyond those mentioned[14]. Stock and Equity Management - The company granted 455,000 restricted stocks at a price of 8.83 RMB per share on July 26, 2023[15]. - 832,000 shares from the first vesting period of the restricted stock plan were registered, accounting for 0.33% of the total share capital[17]. - 600,800 shares from the employee stock ownership plan were unlocked, representing 40% of the total stock in the plan and 0.24% of the company's total share capital[19]. - The stock repurchase and employee stock plan activities reflect the company's commitment to shareholder value[15][19]. - The company is actively managing its equity structure through stock grants and repurchases to align with performance goals[15][17]. Expenses and Investments - Research and development expenses for Q3 2023 were ¥21,531,924.54, slightly up from ¥20,352,352.73 year-over-year[24]. - Long-term equity investments rose by 284.42% to ¥53,531,929.70, due to increased external investments during the period[9]. - The company reported a financial income of ¥2,142,200.00, a significant improvement from a loss of ¥1,099,700.00 in the previous year[24].