EMT(SH:601208)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥872,856,293.93, representing a year-on-year increase of 0.92%[7] - The net profit attributable to shareholders for Q3 2022 was ¥81,263,741.98, a decrease of 10.75% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,511,725.53, down 73.00% year-on-year[7] - The basic earnings per share for Q3 2022 was ¥0.09, a decrease of 10.00% year-on-year[10] - Total operating revenue for the first three quarters of 2022 reached ¥2,707,524,259.64, an increase of 10.3% compared to ¥2,454,125,261.52 in the same period of 2021[30] - Net profit for the first three quarters of 2022 was ¥350,544,849.84, representing a 27.7% increase from ¥274,333,129.50 in the previous year[32] - Earnings per share for the third quarter of 2022 was ¥0.38, compared to ¥0.32 in the same quarter of 2021[34] Assets and Liabilities - The total assets as of the end of the reporting period reached ¥7,632,632,286.00, reflecting a 25.00% increase compared to the end of the previous year[10] - As of September 30, 2022, the total current assets amounted to RMB 2,817,594,738.70, an increase from RMB 2,432,189,944.56 as of December 31, 2021, reflecting a growth of approximately 15.9%[20] - Non-current assets totaled RMB 4,815,037,547.30, up from RMB 3,673,871,767.93, which is an increase of approximately 31.1%[24] - The total liabilities increased to RMB 4,200,000,000.00, reflecting a significant rise compared to the previous period[24] - The total liabilities increased to ¥3,579,159,435.79 from ¥2,403,246,930.14 year-on-year[26] - Total equity rose to ¥4,053,472,850.21, up from ¥3,702,814,782.35 in the previous year[26] Cash Flow and Investments - Cash flow from operating activities totaled ¥2,054,055,248.93, significantly higher than ¥1,234,151,987.16 in the previous year[34] - The net cash flow from operating activities was -$65,090,820.77, a decrease from $11,686,159.43 in the previous period, indicating a significant decline in operational performance[38] - Cash inflow from investment activities totaled $1,277,046,874.40, compared to $183,446,809.70 in the prior period, showing a substantial increase in investment receipts[38] - The net cash flow from investment activities was -$858,590,887.39, worsening from -$654,693,848.00, reflecting increased cash outflows for investments[38] - Cash inflow from financing activities was $1,580,267,468.81, slightly down from $1,604,394,784.32, indicating stable financing operations[38] - The net cash flow from financing activities was $925,396,733.03, a decrease from $1,043,810,261.28, suggesting reduced financing efficiency[38] Operational Challenges - The company experienced a decline in sales volume and profitability of optical film materials and electronic materials due to reduced demand in the consumer electronics sector[13] - The company plans to increase investment in industrialization projects, leading to an increase in construction in progress and bank loans[13] Other Financial Metrics - The weighted average return on equity for Q3 2022 was 2.19%, a decrease of 0.31 percentage points compared to the previous year[10] - The company reported non-recurring gains of ¥59,752,016.45 for Q3 2022, primarily from asset disposal gains and government subsidies[10] - The company reported a significant increase in other income to ¥38,097,968.84 from ¥24,095,113.14 year-on-year[30] - Research and development expenses for the first three quarters of 2022 amounted to ¥154,038,482.42, an increase from ¥111,924,154.51 in the same period of 2021[30] - The company received approval for a public offering of convertible bonds totaling RMB 1.4 billion, with a term of 6 years[19] Changes in Cash and Equivalents - The total cash and cash equivalents at the end of the period amounted to $274,131,944.18, down from $629,179,666.33, indicating a significant reduction in liquidity[40] - The impact of exchange rate changes on cash and cash equivalents was $5,775,727.44, contrasting with -$2,389,766.54 in the previous period, showing a positive effect from currency fluctuations[40] - The total cash outflow from operating activities was $2,119,146,069.70, up from $1,222,465,827.73, reflecting increased operational expenses[38] - Cash paid for investments was $1,145,956,810.65, significantly higher than $587,804,656.10, indicating aggressive investment strategies[38] - Cash paid for taxes was $114,283,866.19, an increase from $95,675,323.49, reflecting higher tax obligations[38]