Revenue and Profit - Revenue for Q1 2023 was CNY 371.55 million, a decrease of 2.78% compared to CNY 382.17 million in the same period last year[5]. - Net profit attributable to shareholders increased by 105.15% to CNY 29.42 million from CNY 14.34 million year-on-year[5]. - Operating profit increased by 80.57%, driven by improved gross margins[21]. - The total profit increased by 78.37%, attributed to the growth in gross margins[23]. - Net profit for Q1 2023 reached CNY 31,243,366.12, an increase of 73.0% compared to CNY 18,066,190.19 in Q1 2022[46]. - Earnings per share for Q1 2023 were CNY 0.0314, up from CNY 0.0153 in Q1 2022[46]. Cash Flow and Liquidity - Net cash flow from operating activities improved significantly, reaching CNY 21.44 million, compared to a negative CNY 1.93 million in the previous year, marking a 1,208.12% increase[5][32]. - Cash and cash equivalents saw a net increase of 907.90%, primarily due to higher cash flow from operating activities[37]. - Cash received from sales of goods and services in Q1 2023 was CNY 266,415,518.31, a decrease from CNY 316,444,154.79 in Q1 2022[48]. - Total cash inflow from operating activities was ¥274,697,862.07, while cash outflow was ¥253,259,974.52, resulting in a net increase in cash from operations[49]. - Cash and cash equivalents at the end of Q1 2023 amounted to ¥408,979,466.16, up from ¥374,956,068.38 at the beginning of the quarter[50]. - The company received tax refunds totaling ¥5,347,980.62, compared to ¥1,101,324.01 in the previous year[49]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2.38 billion, up 3.76% from CNY 2.30 billion at the end of the previous year[5]. - Total liabilities as of Q1 2023 amounted to CNY 689,531,946.61, an increase from CNY 634,518,594.06 in the previous year[43]. - Total equity as of Q1 2023 was CNY 1,691,875,151.66, compared to CNY 1,660,631,785.54 in Q1 2022[43]. - The company’s total liabilities to equity ratio as of Q1 2023 was approximately 0.41, indicating a stable financial structure[43]. Accounts Receivable and Inventory - Accounts receivable increased by 31.63%, primarily due to significant new accounts from two clients totaling CNY 59.49 million[9]. - Accounts receivable rose significantly to CNY 329,739,816.14 from CNY 250,498,486.40, marking an increase of approximately 31.6%[42]. - Inventory decreased slightly to CNY 458,388,034.29 from CNY 466,738,099.07, showing a decline of about 1.5%[42]. Shareholder Information and Corporate Actions - The number of ordinary shareholders at the end of the reporting period was 70,708[38]. - The company plans to issue shares to specific investors as approved by the board, with details to be discussed in an upcoming shareholders' meeting[40]. - The company has completed the transfer of equity in a subsidiary to enhance asset liquidity and optimize its industrial structure[40]. - The company has a significant shareholder structure with the top three shareholders holding a combined total of 176,531,667 shares, indicating a concentrated ownership[39]. Research and Development - Research and development expenses for Q1 2023 were CNY 22,023,896.05, slightly up from CNY 21,251,969.56 in Q1 2022[45]. Financial Performance Metrics - The company reported a gross profit of CNY 98,901,029.54 for Q1 2023, reflecting a gross margin of 26.7%[45]. - Total operating revenue for Q1 2023 was CNY 371,547,959.67, a decrease of 2.6% from CNY 382,169,834.60 in Q1 2022[45]. - Total operating costs for Q1 2023 were CNY 335,843,930.13, down 8.3% from CNY 366,178,775.68 in the same period last year[45]. Investment Activities - Cash inflow from investment activities was ¥142,295,950.60, while cash outflow was ¥129,270,851.17, resulting in a net cash flow from investments of ¥13,025,099.43[49]. - The total cash inflow from investment income was ¥2,188,657.54, compared to ¥3,569,306.07 in the previous year[49]. - The company reported a decrease in cash inflow from recovered investments, which was ¥140,000,000.00 in Q1 2023, down from ¥170,000,000.00 in Q1 2022[49]. Other Financial Information - Financial expenses rose by 118.39% year-on-year, mainly due to a decrease in exchange gains[15]. - The impact of exchange rate fluctuations on cash and cash equivalents was a decrease of ¥439,589.20 in Q1 2023[50]. - The first quarter report was not audited[51].

Financial Performance - The company's operating revenue for 2022 was ¥1,496,187,606.20, a decrease of 11.94% compared to ¥1,699,049,058.97 in 2021[24] - The net profit attributable to shareholders for 2022 was ¥35,528,552.37, down 35.29% from ¥54,904,198.15 in the previous year[24] - The net cash flow from operating activities decreased by 53.20% to ¥12,367,144.61, compared to ¥26,426,860.12 in 2021[24] - Basic earnings per share for 2022 were ¥0.0379, a decline of 35.32% from ¥0.0586 in 2021[24] - Total assets at the end of 2022 were ¥2,295,150,379.60, down 8.11% from ¥2,497,773,773.79 at the end of 2021[24] - The net assets attributable to shareholders increased by 6.19% to ¥1,627,402,381.89 at the end of 2022, compared to ¥1,532,494,323.58 at the end of 2021[24] - The company reported a decrease of 40.04% in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to ¥21,119,933.68 in 2022[24] - The weighted average return on equity for 2022 was 2.25%, down from 3.62% in 2021[24] Revenue Breakdown - The company's total revenue for Q1 2022 was ¥382,169,834.60, while Q2, Q3, and Q4 revenues were ¥347,178,066.39, ¥414,058,722.43, and ¥352,780,982.78 respectively[29] - The revenue from glass tempering equipment reached approximately 714 million CNY, accounting for 47.69% of total revenue, with a gross margin of 21.15%, an increase of 8.91% compared to the previous year[45] - The company completed revenue of 183 million CNY from other glass deep processing equipment, representing 12.21% of total revenue, through optimization and technological innovation[46] - The deep processing glass segment achieved revenue of approximately 572 million yuan, accounting for 38.23% of total revenue[52] - Revenue from specialized equipment manufacturing was ¥896.27 million, accounting for 59.90% of total revenue, with a slight decrease of 1.51% year-over-year[72] - Revenue from non-metallic building materials dropped to ¥599.92 million, representing 40.10% of total revenue, a significant decline of 23.97% compared to the previous year[72] Market and Industry Trends - The total production of flat glass in China decreased by 3.7% in 2022, while tempered glass production fell by 3.9%[37] - The company operates in a highly competitive market with a low concentration of producers, leading to a supply-demand imbalance in low-end glass products[38] - The company is positioned to benefit from national policies supporting green energy and high-quality manufacturing, indicating a positive outlook for the glass processing industry[39] - The company has established strong partnerships with leading photovoltaic glass manufacturers, enhancing its role in the solar energy sector[59] Research and Development - The company has accumulated 390 patent authorizations as of December 31, 2022, including 78 invention patents, 309 utility model patents, and 3 design patents[64] - The company has established a comprehensive product research, development, and innovation system, with over 300 R&D personnel, including senior engineers and researchers[69] - A total of 53 R&D projects are currently underway, reflecting the company's commitment to innovation and market responsiveness[87] - The company is focusing on the development of a composite curvature glass forming machine to cater to the automotive and high-end display device markets[87] Strategic Initiatives - The company plans to achieve an estimated revenue of 100 million yuan from its new energy sector within the next 1-3 years through the implementation of high-efficiency energy-saving wind turbines[85] - The company aims to enhance its core technology in glass deep processing and maintain its competitive edge in the industry[65] - The company is actively pursuing new product development and technological advancements to strengthen its competitive edge in the glass manufacturing industry[133] Governance and Compliance - The company held one annual general meeting during the reporting period, ensuring compliance with legal requirements and equal treatment of all shareholders[123] - The governance structure is aligned with regulatory standards, promoting transparency and effective management practices within the company[123] - The company has implemented a strict quality management system, achieving various international certifications, including ISO9000 and CE certifications[67] - The company completed a comprehensive self-inspection of corporate governance, finding compliance with relevant laws and regulations[166] Employee Management - The total number of employees at the end of the reporting period was 2,162, with 1,026 in the parent company and 1,136 in major subsidiaries[153] - The company is implementing a salary policy reform to enhance positive incentives and establish performance evaluation systems for various positions[155] - Regular training sessions for new employees are planned to ensure they understand the company's basic systems and operations[156] - The company emphasizes occupational health and safety training to prevent workplace accidents and reduce occupational hazards[156] Environmental and Social Responsibility - The company is committed to green development and aims to improve resource utilization efficiency while reducing emissions through technological innovation[119] - The company has invested nearly CNY 300,000 in poverty alleviation and rural revitalization efforts in 2022[171] - The company has not faced any administrative penalties related to environmental issues during the reporting period[167] Financial Management - The company has entrusted 36,000 million yuan in financial management, with 20,000 million yuan currently invested in bank financial products[200] - The company reported a total guarantee amount of 2,520 million yuan, with an actual guarantee balance of 1,763.56 million yuan, representing 1.08% of the company's net assets[198] - The company has no significant related party transactions during the reporting period[193]

证券代码：002613 证券简称：北玻股份 洛阳北方玻璃技术股份有限公司 投资者关系活动记录表 编号：[2015]第 01 号 | --- | --- | --- | |----------------|--------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 ■业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | ■ 其他 （ 河南上市公司 2014 年业 | | | | 绩说明会暨投资者 ...

证券代码：002613 证券简称：北玻股份 编号：[2016]第 01 号 参与单位名称及 兴业证券高级分析师李华丰、助理分析师沈玉梁。 人员姓名 洛阳北方玻璃技术股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------|--------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | □ 其他 | | --- | --- | |----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：002613 证券简称：北玻股份 洛阳北方玻璃技术股份有限公司 投资者关系活动记录表 编号：202001 | --- | --- | --- | --- | --- | |----------------------|------------------------------------|-------|-------|-------| | | | | | | | 投资者关系活动类别 | □ √ 特定对象调研□分析师会议 | | | | | | □ 媒体采访□业绩说明会 | | | | | | □ 新闻发布会□路演活动 | | | | | | □ 现场参观 | | | | | | 其他（ ） | | | | | 参与单位名称及人员 | 交通银行施罗德基金研究员 | | | | | 时间 | 2020 年 6 月 4 日 | | | | | 地点 | 公司会议室 | | | | | 上市公司接待人员姓名 | 董事、副总经理、董秘雷敏，证代王鑫 | | | | | 主要内容 | | | | | 1、公司的基本情况： 公司 1995 年 5 月 18 日，由董事长高学明先生在洛阳国家高新开发区发起创立， ...

证券代码：002613 证券简称：北玻股份 洛阳北方玻璃技术股份有限公司 投资者关系活动记录表 编号：202002 | --- | --- | --- | |-------------------------|-------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：002613 证券简称：北玻股份 编号：2019-08 投资者关系活动类别 □√特定对象调研□分析师会议 □媒体采访□业绩说明会 □新闻发布会□路演活动 □现场参观 其他（ ） | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | 主要内容 | | 公司的基本情况：公司 1995 年 5 月 18 日，由董事长高学明先生在洛阳国家高新开发区 | | 发起创立，是从事玻璃深加工设备和玻璃 ...

证券代码：002613 证券简称：北玻股份 洛阳北方玻璃技术股份有限公司 投资者关系活动记录表 编号：[2018]第 01 号 | --- | --- | --- | |----------------|--------------------------|-----------------------------------------------------------------------------------------------| | | □ | 特定对象调研 □分析师会议 | | 投资者关系 | □ 媒体采访 ■业绩说明会 | | | 活动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | □ 其他 | | 参与单位名称 | 投资者 | | | 及人员姓名 | | | | 时 间 | 2018 年 4 月 26 | 日 | | 地 点 | 网上业绩说明会平台 | | | | 董事长：高学明 | | | 上市公司 | 副董事长、总经理：高理 | | | | | | | 接待人员 | 董事、董事会秘书：常海明 | | | 姓 名 | 财务总监：夏冰 | | | | 独立董事： ...

[Major Financial Data](index=2&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) [Key Accounting Data and Financial Indicators](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In the first three quarters of 2022, the company's operating revenue increased by 7.04% and net profit attributable to shareholders grew by 38.53%, indicating an overall positive trend, though third-quarter net profit attributable to shareholders declined by 46.05% year-on-year, signaling quarterly profitability volatility Key Accounting Data and Financial Indicators | Indicator | Current Period (Q3) (RMB) | Year-to-Date (YTD) (RMB) | YTD YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 414.06 million | 1.143 billion | 7.04% | | Net Profit Attributable to Shareholders | 5.11 million | 28.86 million | 38.53% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Gains/Losses) | 2.18 million | 19.66 million | 82.50% | | Net Cash Flow from Operating Activities | — | -8.60 million | -125.99% | | Basic Earnings Per Share (RMB/share) | 0.0055 | 0.0308 | 38.74% | | Total Assets | 2.334 billion | 2.334 billion | -6.57% (vs. end of prior year) | | Total Equity Attributable to Shareholders | 1.560 billion | 1.560 billion | 1.80% (vs. end of prior year) | [Non-Recurring Gains and Losses and Amounts](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) In the first three quarters of 2022, the company's non-recurring gains and losses totaled RMB 9.19 million, positively contributing to net profit, primarily from government grants (RMB 3.18 million) and fair value changes and investment income from financial assets (RMB 6.38 million) Non-Recurring Gains and Losses | Item | Year-to-Date Amount (RMB) | | :--- | :--- | | Government Grants Included in Current Profit/Loss | 3.18 million | | Fair Value Changes and Investment Income from Trading Financial Assets/Liabilities | 6.38 million | | Reversal of Impairment Provisions for Accounts Receivable Subject to Separate Impairment Testing | 1.13 million | | **Total** | **9.19 million** | [Analysis of Major Financial Indicator Changes](index=3&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) During the reporting period, the company's asset-liability structure, profitability, and cash flow significantly changed, with construction in progress substantially increasing due to new investments, financial expenses decreasing due to exchange gains, and operating cash flow turning negative due to reduced advance receipts, indicating cash pressure [Balance Sheet Item Change Analysis](index=3&type=section&id=%E4%B8%89.1%20%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) Major changes in the balance sheet from the beginning to the end of the period include a 114.76% increase in construction in progress due to new machinery and equipment investment, a 42.58% increase in intangible assets from land use rights acquisition, and significant decreases in notes receivable and notes payable due to maturity or reduced issuance - Construction in progress increased by **114.76%** from the beginning of the period, primarily due to increased investment in new machinery and equipment[9](index=9&type=chunk) - Intangible assets increased by **42.58%** from the beginning of the period, due to the transfer of purchased land use rights into intangible assets[9](index=9&type=chunk) - Notes receivable decreased by **94.27%** from the beginning of the period, primarily due to the maturity of pledged bank acceptance bills during the reporting period[9](index=9&type=chunk) - Notes payable decreased by **58.83%** from the beginning of the period, primarily due to a reduction in bank acceptance bills issued compared to the previous period[9](index=9&type=chunk) [Income Statement Item Change Analysis](index=3&type=section&id=%E4%B8%89.2%20%E5%88%A9%E6%B6%B6%E8%A1%A8) Net profit increased by 41.47% year-on-year in the first three quarters, mainly driven by increased operating revenue and improved gross margin, while financial expenses significantly decreased by 61.36% year-on-year due to increased exchange gains, and selling expenses increased by 37.27% year-on-year due to higher salaries and advertising fees - Net profit increased by **41.47%** year-on-year, primarily due to increased operating revenue and improved gross margin during the reporting period, enhancing profitability[10](index=10&type=chunk) - Financial expenses decreased by **61.36%** year-on-year, primarily due to increased exchange gains during the reporting period[10](index=10&type=chunk) - Selling expenses increased by **37.27%** year-on-year, primarily due to increased salaries and advertising expenses during the reporting period[10](index=10&type=chunk) - Credit impairment losses decreased by **92.10%** year-on-year, primarily due to an increase in the collection of long-aged accounts receivable during the reporting period[10](index=10&type=chunk) [Cash Flow Statement Item Change Analysis](index=4&type=section&id=%E4%B8%89.3%20%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Net cash flow from operating activities decreased by 125.99% year-on-year to RMB -8.60 million, primarily due to a decrease in advance receipts compared to the previous year, while net cash flow from investing activities significantly decreased by 1,581.63% due to reduced cash recovered from investments, leading to a 835.01% year-on-year decrease in net increase in cash and cash equivalents, indicating tight cash flow - Net cash flow from operating activities decreased by **125.99%** year-on-year, primarily due to a decrease in advance receipts during the reporting period compared to the previous year[14](index=14&type=chunk) - Net cash flow from investing activities decreased by **1,581.63%** year-on-year, due to a reduction in cash recovered from investments during the reporting period[14](index=14&type=chunk) - Net increase in cash and cash equivalents decreased by **835.01%** year-on-year, primarily due to reduced net cash flow from operating and investing activities[15](index=15&type=chunk) [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) [Common Shareholder Holdings](index=4&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had 74,703 common shareholders, with a highly concentrated equity structure where the top three shareholders, Gao Xueming, Feng Jinjun, and Gao Xuelin, acting in concert, collectively hold 56.27% of shares, exercising absolute control over the company - The total number of common shareholders at the end of the reporting period was **74,703 accounts**[17](index=17&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Holding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Gao Xueming | 48.08% | 450,578,625 | | Feng Jinjun | 4.81% | 45,081,991 | | Gao Xuelin | 3.38% | 31,642,659 | - The top three shareholders, Gao Xueming, Feng Jinjun, and Gao Xuelin, are parties acting in concert[18](index=18&type=chunk) [Other Significant Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Production and Operations](index=5&type=section&id=1%E3%80%81%E7%94%9F%E4%BA%A7%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) In the first three quarters, the company achieved RMB 1.143 billion in revenue, with steady development in its main businesses of glass deep processing equipment and deep-processed glass products, accounting for 52% and 34% of total revenue respectively, and new orders for high-capacity tempering equipment for photovoltaic glass production exceeding 30 units/sets, indicating successful business expansion in the new energy sector Business Segments Revenue | Business Segment | Q1-Q3 Operating Revenue (RMB 100 million) | Proportion of Total Revenue | | :--- | :--- | :--- | | Glass Deep Processing Tempering Equipment | 5.95 | 52% | | Deep Processed Glass Products | 3.94 | 34% | - The company's independently developed and produced high-capacity ultra-long continuous glass tempering production equipment, applicable to photovoltaic glass production, received over **30 new orders** (units/sets) in the first three quarters[19](index=19&type=chunk) - Deep-processed glass products are applied in renowned domestic and international buildings such as the **Huawei Flagship Store in Bantian, Shenzhen**, and the **Jing'an District Archives in Shanghai**[19](index=19&type=chunk) [Major Investments and Subsidiary Establishment](index=5&type=section&id=2%E3%80%81%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B5%84%E4%B8%8E%E5%AD%90%E5%85%AC%E5%8F%B8%E8%AE%BE%E7%AB%8B) During the reporting period, the company actively promoted capacity expansion and industrial layout optimization by establishing multiple wholly-owned subsidiaries and investing in the "NorthGlass Automation Intelligent High-End Equipment Industrial Park" and "NorthGlass High-End Energy-Saving Glass Project," laying a foundation for medium-to-long-term development, while also transferring some equity in associate companies through related party transactions to optimize its industrial structure - The company, through its subsidiary, obtained the **"Real Estate Title Certificate"** for all **509 mu** of industrial land for the **"NorthGlass Automation Intelligent High-End Equipment Industrial Park"** project, which is actively under construction, with the first phase expected to be operational in **2023**[20](index=20&type=chunk)[21](index=21&type=chunk) - The company established new wholly-owned subsidiaries, **Luoyang NorthGlass High-End Glass Industry Co., Ltd.**, **Luoyang NorthGlass Technology Equipment Co., Ltd.**, and a wholly-owned subsidiary of **Shanghai NorthGlass**, to support the R&D, production, and sales of high-end energy-saving glass projects and glass deep processing equipment[21](index=21&type=chunk)[22](index=22&type=chunk) - To enhance asset liquidity and optimize its industrial structure, the company transferred its property shares and related equity in **Beijing Lianxun NorthGlass Investment Management Partnership** to its controlling shareholder[23](index=23&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Consolidated Balance Sheet](index=6&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2022, the company's total assets were RMB 2.334 billion, a 6.57% decrease from the beginning of the year, with significant increases in construction in progress and intangible assets due to new industrial park investments, while monetary funds and notes receivable decreased; total liabilities were RMB 678.91 million, and the asset-liability ratio decreased from 35.0% at the beginning of the year to 29.1%, indicating reduced financial leverage Consolidated Balance Sheet | Item | Sep 30, 2022 (RMB) | Jan 1, 2022 (RMB) | Change | | :--- | :--- | :--- | :--- | | **Total Assets** | **2.334 billion** | **2.498 billion** | **-6.57%** | | Monetary Funds | 377.94 million | 451.17 million | -16.23% | | Construction in Progress | 140.97 million | 65.64 million | 114.76% | | Intangible Assets | 203.98 million | 143.06 million | 42.58% | | **Total Liabilities** | **678.91 million** | **874.35 million** | **-22.35%** | | **Total Equity Attributable to Parent Company Shareholders** | **1.560 billion** | **1.532 billion** | **1.80%** | [Consolidated Income Statement (Year-to-Date)](index=8&type=section&id=2%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%B5%E8%A1%A8) In the first three quarters of 2022, the company achieved operating revenue of RMB 1.143 billion, a 7.04% year-on-year increase, and net profit attributable to parent company shareholders of RMB 28.86 million, a 38.53% year-on-year increase, with profit growth primarily driven by revenue growth, improved gross margin, and exchange gains (reflected in reduced financial expenses), while R&D expenses increased by 17.05%, indicating continued investment in technological innovation Consolidated Income Statement (Year-to-Date) | Item | Current Period (YTD) (RMB) | Prior Period (YTD) (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1.143 billion | 1.068 billion | 7.04% | | Operating Cost | 918.41 million | 883.19 million | 4.00% | | R&D Expenses | 74.49 million | 63.64 million | 17.05% | | Financial Expenses | -12.82 million | -7.94 million | -61.36% | | Total Profit | 36.39 million | 29.97 million | 21.42% | | Net Profit Attributable to Parent Company Shareholders | 28.86 million | 20.83 million | 38.53% | [Consolidated Cash Flow Statement (Year-to-Date)](index=10&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E8%A1%A8) In the first three quarters of 2022, the company's cash flow significantly deteriorated, with net cash flow from operating activities at RMB -8.60 million, a 125.99% year-on-year decrease from a net inflow of RMB 33.08 million in the prior year, and net cash flows from investing and financing activities also being net outflows, resulting in a RMB 48.43 million decrease in cash and cash equivalents at period-end Consolidated Cash Flow Statement (Year-to-Date) | Item | Current Period (YTD) (RMB) | Prior Period (YTD) (RMB) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -8.60 million | 33.08 million | -125.99% | | Net Cash Flow from Investing Activities | -44.49 million | -2.65 million | -1581.63% | | Net Cash Flow from Financing Activities | -1.01 million | -34.28 million | 97.04% | | Net Increase in Cash and Cash Equivalents | -48.43 million | -5.18 million | -835.01% | [Audit Opinion](index=12&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This quarterly financial report is unaudited - The company's third-quarter report is **unaudited**[34](index=34&type=chunk)