Yibin paper(SH:600793)2024-04-26 12:47Financial Performance - The company's operating revenue for Q3 2023 was CNY 403.63 million, a decrease of 37.09% compared to CNY 641.57 million in the same period last year[6]. - The net profit attributable to shareholders of the listed company for Q3 2023 was -CNY 26.92 million, a decline of 289.8% from CNY 14.13 million in the previous year[6]. - The basic earnings per share for Q3 2023 was -CNY 0.1522, down 290.0% from CNY 0.0799 in the same period last year[7]. - The net profit attributable to shareholders for the year-to-date period was -CNY 59.49 million, a decrease of 317.56% compared to CNY 27.31 million in the same period last year[6]. - The company reported a decrease of 2,267.72% in the net profit excluding non-recurring gains and losses for Q3 2023 compared to the previous year[10]. - The company experienced a significant decline in gross profit margin, which was a major factor affecting its financial performance in the current quarter[10]. - The net profit for the first three quarters of 2023 was a loss of CNY 59,489,998.92, compared to a profit of CNY 27,344,575.92 in the same period of 2022, indicating a significant decline in profitability[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,585.23 million, reflecting a decrease of 9.52% from CNY 2,854.29 million at the end of the previous year[7]. - As of September 30, 2023, total current assets decreased to approximately 558.51 million RMB from 710.14 million RMB at the end of 2022, a decline of about 21.4%[16]. - The company's total assets decreased to approximately 2.59 billion RMB from 2.86 billion RMB, representing a decline of about 9.5%[17]. - The total non-current assets decreased to approximately 2.03 billion RMB from 2.15 billion RMB, a decline of about 5.6%[17]. - The company’s total liabilities increased to approximately 1.94 billion RMB from 569.15 million RMB, a significant increase indicating a change in financial leverage[17]. - The company's total liabilities as of the end of the third quarter of 2023 were CNY 1,986,698,388.91, compared to CNY 2,199,162,238.05 at the end of the same period in 2022[20]. Cash Flow - The cash flow from operating activities for Q3 2023 was CNY 115.52 million, a decrease of 25.00% from CNY 154.02 million in the same period last year[7]. - The company reported a cash inflow from operating activities of CNY 1,829,817,227.82 for the first three quarters of 2023, an increase of 15.6% from CNY 1,582,981,803.29 in 2022[23]. - The net cash flow from operating activities for Q3 2023 was ¥217,743,035.40, a decrease of 28.5% compared to ¥304,968,819.11 in Q3 2022[24]. - Total cash inflow from operating activities was ¥1,843,031,587.88, while cash outflow was ¥1,625,288,552.48, resulting in a net cash inflow of ¥217,743,035.40[24]. - Cash flow from investing activities showed a net outflow of ¥3,450,123.42, compared to a larger outflow of ¥22,472,174.55 in the previous year[24]. - The ending balance of cash and cash equivalents was ¥37,345,933.18, down from ¥127,009,848.25 at the beginning of the period[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,275[12]. - The largest shareholder, Sichuan Yibin Wuliangye Group Co., Ltd., holds 79,368,520 shares, accounting for 44.8% of the total shares[12]. - The total equity attributable to shareholders of the parent company decreased to CNY 598,533,377.66 in Q3 2023 from CNY 658,023,376.58 in Q3 2022, a decline of approximately 9%[20]. Expenses and Provisions - The company recognized an inventory impairment provision of approximately 2.37 million RMB in the third quarter[15]. - The company reported a total of 29,137,372.89 RMB in bad debt provisions as of September 30, 2023, an increase from 27,692,869.13 RMB at the beginning of the year[15]. - Research and development expenses for the first three quarters of 2023 were CNY 6,855,075.15, slightly up from CNY 6,308,088.43 in the same period of 2022, indicating a focus on innovation[20]. - The company experienced a significant increase in financial expenses, totaling CNY 46,812,362.04 in 2023, down from CNY 54,192,985.16 in 2022, showing a reduction in interest costs[20]. Government Support - The company received government subsidies amounting to CNY 2.07 million during the reporting period, contributing to its non-operating income[9].