CTS Logistics(603128)2023-10-27 16:00Revenue and Profit Performance - Revenue for the third quarter of 2023 was RMB 3,838,663,403.43, a decrease of 30.49% compared to the same period last year[9] - Net profit attributable to shareholders of the listed company for the third quarter of 2023 was RMB 213,156,683.05, a decrease of 16.09% year-on-year[9] - Revenue from the beginning of the year to the end of the reporting period was RMB 10,399,182,773.04, a decrease of 42.01% compared to the same period last year[9] - Net profit attributable to shareholders of the listed company from the beginning of the year to the end of the reporting period was RMB 564,430,723.30, a decrease of 23.16% year-on-year[9] - Total operating revenue for the first three quarters of 2023 was RMB 10,399,182,773.04, a decrease from RMB 17,934,161,705.02 in the same period of 2022[42] - Net profit for the first three quarters of 2023 was RMB 600,130,980.90, down from RMB 758,063,274.58 in the same period of 2022[43] - The decrease in revenue was mainly due to the decline in international shipping rates and customer structure adjustment[22] Cash Flow and Financial Activities - Net cash flow from operating activities from the beginning of the year to the end of the reporting period was RMB 409,151,400.05, a decrease of 60.51% compared to the same period last year[15] - Sales of goods and services received cash of 12,145,227,746.87 RMB, compared to 19,938,728,392.18 RMB in the previous period[47] - Net cash flow from operating activities was 409,151,400.05 RMB, down from 1,036,034,454.69 RMB in the previous period[47] - Net cash flow from investing activities was -27,791,045.04 RMB, slightly improved from -28,281,480.34 RMB in the previous period[52] - Net cash flow from financing activities was -1,253,591,868.10 RMB, a significant decrease from -312,318,698.57 RMB in the previous period[52] - Cash and cash equivalents at the end of the period were 1,690,858,233.21 RMB, down from 2,441,404,391.29 RMB in the previous period[52] - Cash received from disposal of subsidiaries and other business units was 178,597,286.08 RMB, compared to 0.00 RMB in the previous period[47] - Cash paid for construction of fixed assets, intangible assets, and other long-term assets was 29,786,111.96 RMB, up from 20,322,491.76 RMB in the previous period[47] - Cash received from investments was 59,156,866.40 RMB, compared to 44,551,285.35 RMB in the previous period[52] - Cash paid for debt repayment was 1,126,144,457.74 RMB, significantly higher than 408,526,686.20 RMB in the previous period[52] - Cash paid for dividends, profits, or interest payments was 297,623,513.77 RMB, down from 322,404,490.46 RMB in the previous period[52] Assets and Liabilities - Total assets at the end of the reporting period were RMB 9,138,383,954.44, a decrease of 6.49% compared to the end of the previous year[15] - The company's total assets as of September 30, 2023, were RMB 9,138,383,954.44, down from RMB 9,772,326,601.56 at the end of 2022[35] - Total assets as of the end of the third quarter of 2023 were RMB 9,138,383,954.44, compared to RMB 9,772,326,601.56 at the end of the same period in 2022[39] - The company's total liabilities as of September 30, 2023, amounted to RMB 3,037,841,970.48, a decrease from RMB 3,757,071,220.50 at the end of 2022[34] - The company's accounts payable stood at RMB 1,440,873,848.23 as of September 30, 2023, slightly up from RMB 1,438,460,584.70 at the end of 2022[34] - The company's contract liabilities decreased to RMB 36,882,776.52 as of September 30, 2023, from RMB 77,433,162.70 at the end of 2022[34] - The company's short-term borrowings due within one year decreased significantly to RMB 21,814,173.58 as of September 30, 2023, from RMB 863,858,594.29 at the end of 2022[34] - Short-term borrowings decreased to RMB 250,420,818.91 in 2023 from RMB 499,837,286.37 in 2022[39] - Total liabilities as of the end of the third quarter of 2023 were not explicitly stated, but short-term borrowings and other liabilities showed significant changes[39] Equity and Shareholder Information - Equity attributable to shareholders of the listed company at the end of the reporting period was RMB 5,975,491,183.16, an increase of 2.84% compared to the end of the previous year[15] - Total equity attributable to the parent company's shareholders increased to RMB 5,975,491,183.16 as of September 30, 2023, compared to RMB 5,810,539,228.26 at the end of 2022[35] - The company's retained earnings increased to RMB 2,786,377,400.44 as of September 30, 2023, compared to RMB 2,666,366,365.85 at the end of 2022[35] - The company's other comprehensive income improved to RMB 1,362,307.37 as of September 30, 2023, from a negative RMB 10,361,887.81 at the end of 2022[35] - The company's capital reserve increased to RMB 1,695,708,602.78 as of September 30, 2023, from RMB 1,673,374,965.25 at the end of 2022[35] Earnings and Return Metrics - Basic earnings per share for the third quarter of 2023 was RMB 0.16, a decrease of 20.00% year-on-year[15] - Weighted average return on equity for the third quarter of 2023 was 3.62%, a decrease of 0.97 percentage points year-on-year[15] - Basic earnings per share for the first three quarters of 2023 were RMB 0.43, down from RMB 0.57 in the same period of 2022[44] - Total comprehensive income for the first three quarters of 2023 was RMB 611,938,842.78, compared to RMB 792,464,167.12 in the same period of 2022[44] Monetary Funds and Investments - The company's monetary funds decreased to RMB 1,735,888,867.99 as of September 30, 2023, from RMB 2,575,024,849.78 at the end of 2022[38] - Accounts receivable increased to RMB 2,865,697,259.24 in 2023 from RMB 2,628,476,502.53 in 2022[39] - Long-term equity investments rose to RMB 745,282,359.32 in 2023 from RMB 340,083,430.98 in 2022[39] - Research and development expenses increased to RMB 18,778,645.07 in 2023 from RMB 14,601,796.37 in 2022[42]