GXSH(000716)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 697,963,063, representing a decrease of 4.81% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 reached CNY 26,678,777, a significant increase of 1,404.85% year-on-year[5]. - Basic earnings per share for Q3 2023 were CNY 0.036, up 1,100.00% from CNY 0.003 in the same quarter last year[5]. - The net profit for Q3 2023 was CNY 50,211,579.45, significantly higher than CNY 301,589.63 in Q3 2022, indicating a substantial increase in profitability[22]. - The total profit for Q3 2023 was CNY 70,589,531.74, compared to CNY 5,731,841.23 in Q3 2022, indicating a substantial growth in overall profitability[22]. - The net profit attributable to shareholders of the parent company was CNY 44,071,926.86 in Q3 2023, compared to CNY 8,548,738.99 in Q3 2022, representing an increase of about 415.5%[23]. Cash Flow - The net cash flow from operating activities for the period was CNY 284,817,900, reflecting a growth of 79.80% compared to the previous year[5]. - The net cash flow from operating activities for Q3 2023 was CNY 284,817,979.80, an increase from CNY 159,344,857.04 in Q3 2022, representing a year-over-year growth of approximately 78.6%[25]. - The cash flow from operating activities decreased by approximately 9.6% year-over-year, indicating a need for strategic adjustments in cash management[24]. - The net cash flow from financing activities decreased by 98.16% to CNY 280,466,700.44, primarily due to reduced bank borrowings and increased guarantee deposits[12]. - The net cash flow from financing activities was -CNY 280,466,700.44, worsening from -CNY 141,534,349.36 in Q3 2022, reflecting increased cash outflows[25]. - The ending balance of cash and cash equivalents decreased to CNY 115,016,945.49 from CNY 206,408,911.96 year-over-year, a decline of approximately 44.3%[26]. Assets and Liabilities - Total assets at the end of Q3 2023 were CNY 4,445,900,879.71, a decrease of 5.10% from the end of the previous year[5]. - Total liabilities decreased to CNY 1,801,315,710.62 from CNY 2,158,584,185.71, a reduction of 16.6%[19]. - The company's equity attributable to shareholders increased to CNY 2,519,349,600.59 from CNY 2,475,249,276.02, an increase of 1.8%[19]. - The accounts payable decreased by 50.32% to CNY 129,239,448.47, attributed to payments made as per contractual agreements[10]. - Total assets as of September 30, 2023, were CNY 4,445,900,879.71, down from CNY 4,684,617,805.56, a decrease of 5.1%[19]. Expenses - The total operating costs for Q3 2023 were CNY 1,858,656,169.03, a decrease from CNY 2,032,442,714.10 in Q3 2022, representing a reduction of approximately 8.5%[22]. - Research and development expenses increased by 161.37% to CNY 5,021,684.72, reflecting a higher investment in R&D during the reporting period[11]. - Tax expenses rose by 275.27% to CNY 20,377,952.29, indicating a higher provision for current income tax during the reporting period[11]. - The tax expenses for Q3 2023 amounted to CNY 20,377,952.29, compared to CNY 5,430,251.60 in Q3 2022, reflecting an increase of approximately 274.5%[22]. - The company experienced a 35.80% increase in taxes and surcharges, totaling CNY 14,517,694.74, due to a decrease in input tax credits[11]. Investments and Income - Investment income surged by 537.47% to CNY 9,155,773.26, primarily due to the disposal of equity in Yiwu Run Gu E-commerce Co., Ltd.[11]. - Non-operating income for the period amounted to CNY 6,615,508.95, with a total of CNY 12,318,382.80 for the year-to-date[8]. - The total cash inflow from investment activities was CNY 13,521,461.64, compared to CNY 202,997,168.46 in the previous year, indicating a significant decrease[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 115,890[13]. - The largest shareholder, Guangxi Black Five Food Group Co., Ltd., holds 30.64% of the shares, totaling 227,946,277 shares[13]. Accounting Changes - The company has implemented a change in accounting policy effective from January 1, 2023, impacting deferred tax assets and liabilities[6]. - The company implemented new accounting standards starting January 1, 2023, affecting deferred tax assets and liabilities, with a net impact on retained earnings of CNY 116,631.39[27]. - The company did not conduct an audit for the Q3 report, which may affect the reliability of the financial data presented[27]. Strategic Developments - The company signed a framework agreement with the government of Baima County to develop a health food production experience project, enhancing its industry layout and competitiveness[16]. - The company completed the registration of changes to its business scope and articles of association on July 27, 2023, aligning with its long-term strategic goals[15].