EASTCOM(600776)2022-10-30 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥773,745,595.93, representing an increase of 11.34% compared to the same period last year[8] - Net profit attributable to shareholders for Q3 2022 reached ¥38,908,368.89, a significant increase of 258.38% year-over-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,327,177.27, showing a decrease of 48.46% compared to the same period last year[8] - Basic earnings per share for Q3 2022 were ¥0.03097800, reflecting an increase of 258.38% year-over-year[8] - Total operating revenue for the first three quarters of 2022 reached CNY 2,118,092,284.92, an increase of 6.6% compared to CNY 1,986,449,638.03 in the same period of 2021[23] - Net profit attributable to shareholders of the parent company for the third quarter of 2022 was CNY 67,047,465.88, compared to CNY 61,072,152.86 in the same quarter of 2021, marking an increase of 9.7%[28] - The comprehensive income attributable to shareholders of the parent company for the third quarter of 2022 was CNY 66,916,671.84, compared to CNY 59,208,923.27 in the same quarter of 2021, representing an increase of 13.0%[28] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,135,511,078.45, a slight increase of 0.67% from the end of the previous year[8] - As of September 30, 2022, total assets amounted to RMB 4,135,511,078.45, an increase from RMB 4,107,850,328.72 at the end of 2021[18] - Current assets totaled RMB 3,363,478,371.66, compared to RMB 3,263,235,912.47 at the end of 2021, reflecting a growth of approximately 3.07%[18] - Total liabilities were RMB 1,560,137,541.19, compared to RMB 1,546,155,003.68 at the end of 2021, showing a slight increase of about 0.91%[18] - The company’s total liabilities as of the end of the third quarter of 2022 amounted to CNY 789,973,898.88, an increase from CNY 777,396,741.32 at the end of the previous year[23] - The total equity attributable to shareholders of the parent company was CNY 3,302,366,148.05, compared to CNY 3,285,149,201.50 at the end of the previous year, reflecting a growth of 0.5%[23] Cash Flow - The company reported a net cash flow from operating activities of ¥54,905,470.92 for the year-to-date period, indicating an increase in cash inflow[8] - The company reported a net cash flow from operating activities of CNY 54,905,470.92 for the first three quarters of 2022, a significant recovery from a net outflow of CNY 59,441,854.91 in the same period of 2021[28] - The net cash flow from investment activities was 222,054,349.30 CNY, a decrease from 390,645,679.41 CNY in the previous period[29] - The total cash and cash equivalents at the end of the period reached 1,332,365,102.58 CNY, up from 839,439,524.78 CNY year-over-year[29] - Cash outflow from financing activities amounted to 50,147,029.98 CNY, slightly lower than 51,098,323.11 CNY in the previous period[29] - The cash flow from financing activities resulted in a net outflow of -50,147,029.98 CNY, consistent with the previous period's outflow of -51,098,323.11 CNY[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 117,033[13] - The largest shareholder, China Electronics Technology Group Corporation, held 43.44% of the shares[13] Corporate Actions - The company plans to reduce its holdings in Bochuang Technology Co., Ltd. by up to 5,234,720 shares, not exceeding 2% of its total share capital[15] - The board approved the liquidation of its wholly-owned subsidiary, Hangzhou Dongxintong System Integration Co., Ltd., to optimize management structure and reduce costs[16] - The company has proposed adjustments to its board of directors and supervisory board, with new candidates nominated for non-independent director and non-employee representative supervisor positions[17] Research and Development - Research and development expenses for the first three quarters of 2022 totaled CNY 126,284,413.56, up from CNY 119,100,929.16 in the previous year, indicating a growth of 6.5%[27] Financial Ratios - The weighted average return on equity for Q3 2022 was 1.18%, an increase of 0.84 percentage points compared to the same period last year[8] - The company achieved a gross profit margin of approximately 9.1% for the first three quarters of 2022, down from 11.4% in the same period of 2021[27] - The company’s financial expenses showed a net income of CNY -23,102,507.41, compared to CNY -15,001,679.91 in the previous year, indicating an increase in financial costs[27] Asset Management - Long-term receivables decreased to RMB 42,422,891.12 from RMB 112,678,702.35, a decline of approximately 62.32%[22] - Non-current assets totaled RMB 772,032,706.79, down from RMB 844,614,416.25, indicating a decrease of about 8.54%[22] Accounting Standards - The company has adopted new accounting standards starting from 2022, which may affect the financial statements[29]