DDN(002263)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 333,145,616.12, a decrease of 10.48% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY -12,336,332.80, representing a decline of 129.67% year-on-year[5]. - The company's net loss for the period was CNY -17,336,515.69, compared to a loss of CNY -13,081,729.47 in the previous period[20]. - The net profit attributable to the parent company was -4,254,786.22, compared to a net profit of 98,325,830.75 in the previous year[23]. - The total profit for the quarter was 6,174.79, significantly lower than 114,172,747.65 in the same quarter last year[22]. - The basic and diluted earnings per share were both -0.002, compared to 0.05 in the previous year[23]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 1158.28% year-on-year, totaling CNY -280,627,739.22[13]. - Operating cash flow for the period was -280,627,739.22, compared to a positive cash flow of 26,517,271.57 in the previous year[25]. - Cash and cash equivalents reached CNY 1,092,309,108.32, up from CNY 1,028,737,970.59, indicating a growth of 6.2%[19]. - Cash and cash equivalents at the end of the period were 995,047,278.30, down from 1,029,176,117.19 at the end of the previous year[26]. - The company received cash from financing activities amounting to 395,920,977.38, compared to 103,515,629.16 in the previous year, indicating a significant increase in financing inflows[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,055,660,796.39, an increase of 3.26% from the end of the previous year[5]. - The total assets as of September 30, 2023, amounted to CNY 3,055,660,796.39, an increase from CNY 2,959,212,898.96 at the beginning of the year[20]. - The total current assets increased to CNY 1,719,361,416.51 from CNY 1,587,039,300.20 at the start of the year, reflecting a growth of 8.3%[19]. - Total liabilities increased to CNY 343,863,003.16 from CNY 243,160,319.51, marking a significant rise of 41.5%[20]. - The total non-current assets decreased slightly to CNY 1,336,299,379.88 from CNY 1,372,173,598.76, a decline of 2.6%[19]. Operational Metrics - The company's operating profit decreased by 100.93% year-on-year, primarily due to market conditions affecting product margins[15]. - The total operating revenue for the third quarter of 2023 was CNY 991,083,494.75, a decrease of 18.1% compared to CNY 1,210,006,589.06 in the same period last year[21]. - Total operating costs for the third quarter were 980,183,266.87, down from 1,103,426,960.67 in the same period last year, representing a decrease of approximately 11.2%[22]. - The company reported sales revenue from goods and services of 777,541,126.52, a decrease from 1,064,071,973.38 in the same quarter last year, reflecting a decline of approximately 26.9%[24]. Other Financial Metrics - The gross profit margin for key products, BOPET film and optical film, has declined, contributing to a 104.33% decrease in net profit year-on-year[13]. - The company experienced a 122.62% increase in prepayments, primarily due to increased advance payments for material prices[10]. - Other receivables increased by 1224.48% year-to-date, mainly due to accrued interest income from time deposits[10]. - The company's total equity attributable to shareholders decreased by 0.16% compared to the end of the previous year, amounting to CNY 2,711,797,793.23[5]. - The total equity attributable to shareholders was CNY 2,711,797,793.23, a slight decrease from CNY 2,716,052,579.45[20]. - Research and development expenses decreased to 37,675,250.57 from 43,615,868.81, a reduction of about 13.6% year-over-year[22]. - The company incurred a financial expense of -23,097,121.42, compared to -16,864,993.18 in the previous year, indicating an increase in financial costs[22].