SUNSEA(002313)2022-10-30 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥857,618,947.60, a decrease of 19.63% compared to ¥1,067,027,135.00 in the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥521,523,609.00, representing a significant decline of 6,215.44% from ¥8,527,987,400.00 year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥485,984,218.00, down 7,276.41% from ¥1,933,764,200.00 in the previous year[5]. - Basic earnings per share for Q3 2022 were -¥1.3930, a decrease of 6,209.65% from ¥0.0228 in the same period last year[5]. - Net loss for Q3 2022 amounted to ¥844,425,851.44, compared to a net loss of ¥176,337,778.55 in Q3 2021, indicating a significant increase in losses[23]. - Total comprehensive income for the third quarter was -843,119,016.75 CNY, compared to -177,448,944.48 CNY in the same period last year, indicating a significant decline[24]. Cash Flow and Assets - The company's cash flow from operating activities showed a net outflow of ¥280,803,100.00, a decrease of 113.67% compared to the previous year[5]. - The company's cash and cash equivalents decreased from CNY 765,054,941.97 on January 1, 2022, to CNY 398,916,317.75 by September 30, 2022, a decline of approximately 47.9%[17]. - The ending balance of cash and cash equivalents was 256,617,923.54 CNY, down from 353,542,156.96 CNY year-over-year[27]. - Total cash inflow from operating activities was 3,225,254,395.24 CNY, down from 3,427,908,967.59 CNY year-over-year[25]. - Cash outflow from operating activities totaled 3,506,057,527.57 CNY, compared to 3,559,328,045.28 CNY in the previous year[25]. - The total current assets decreased from CNY 5,346,070,303.88 to CNY 4,230,762,880.22, representing a decline of approximately 20.8%[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,992[13]. - The largest shareholder, Zhuhai Runda Tai Investment Partnership, holds 27.74% of shares, totaling 103,872,550 shares, which are pledged[13]. - The top ten shareholders hold a significant portion of shares, with the top three accounting for 48.85% of total shares[13]. Expenses and Liabilities - Total operating costs for Q3 2022 were ¥2,821,754,445.21, down from ¥3,148,769,579.99, reflecting a reduction of 10.4%[22]. - The company's total assets decreased to ¥5,947,586,506.87 from ¥7,116,716,196.51, a decline of 16.4%[20]. - Total liabilities decreased to ¥4,768,668,923.76 from ¥5,077,315,000.60, reflecting a reduction of 6.1%[20]. - The company's equity attributable to shareholders was ¥1,181,080,517.39, down 41.59% from ¥2,021,896,751.88 at the end of the previous year[5]. - Long-term equity investments decreased from ¥6,750,251.84 to ¥6,317,892.33, a decline of 6.4%[19]. Research and Development - Research and development expenses increased by 37.86% to ¥248,318,559.35, reflecting increased investment in wireless communication modules and infrastructure[11]. - Research and development expenses increased to ¥248,318,559.35, up from ¥180,129,139.63, representing a rise of 37.8% year-over-year[22]. Impairment and Losses - The company reported a significant increase in credit impairment losses, amounting to ¥300,066,450.43, up 879.00% from ¥30,650,239.12 in the previous year[11]. - The company recognized a loss from asset disposal of ¥19,647,850.88, a drastic decline of 10,311.90% compared to a gain of ¥192,401.43 in the previous year[11]. - The company reported a significant increase in credit impairment losses, which rose to ¥300,066,450.43 from ¥30,650,239.12, marking a substantial increase[23]. Asset Transfers and Future Plans - The company approved the transfer of receivables totaling CNY 8,709.96 million to various entities, including Xinjiang Linfeng Communication Co., Ltd.[15]. - The company plans to transfer assets related to smart city and data center projects for CNY 30 million[16]. - The company has not disclosed any new product developments or market expansion strategies in the current report[15]. - There is no indication of any mergers or acquisitions in the recent financial disclosures[15].