Financial Performance - Net profit attributable to shareholders for the first nine months of 2022 was ¥15,485,767.34, representing a decline of 41.29% year-on-year[15]. - Operating revenue for the first nine months of 2022 was ¥449,396,024.15, down 12.25% from ¥512,121,111.39 in the same period last year[15]. - For the period of January to September 2022, the company's operating profit decreased by 13.93 million yuan, a year-on-year decline of 47.51%[26]. - The total profit for the same period decreased by 14.04 million yuan, a year-on-year decline of 48.03%[26]. - Net profit for the period decreased by 12.87 million yuan, a year-on-year decline of 47.03%[26]. - Total revenue for the first nine months of 2022 reached CNY 6,583,769.54, compared to CNY 8,854,870.55 in 2021, indicating a year-over-year decrease of about 25.6%[68]. - Operating profit for the first nine months of 2022 was CNY 6,545,726.68, down from CNY 8,860,739.42 in 2021, reflecting a decline of approximately 26.1%[68]. - Net profit for Q3 2022 was approximately ¥4.20 million, a decrease of 34.9% compared to ¥6.39 million in Q3 2021[63]. - Total profit for Q3 2022 was approximately ¥4.51 million, a decrease of 31.7% compared to ¥6.58 million in Q3 2021[63]. Cash Flow and Liquidity - Cash flow from operating activities for the first nine months increased significantly to ¥60,858,086.29, a rise of 675.56% compared to the previous year[15]. - Cash and cash equivalents increased by ¥96,990,505, representing a 170.14% increase due to successful fundraising and improved cash flow from operations[17]. - Cash and cash equivalents at the end of the period increased to CNY 74,658,723.15 from CNY 31,415,822.81 at the end of 2021, representing a growth of approximately 137.5%[69]. - Net cash flow from operating activities reached $58.38 million, significantly up from $9.07 million in the previous period[71]. - The ending cash and cash equivalents balance was $65.13 million, up from $23.31 million at the end of the previous period[71]. - The company experienced a net increase in cash and cash equivalents of $28.73 million, contrasting with a decrease of $40.13 million in the previous year[71]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥537,962,115.48, a decrease of 0.53% compared to the end of the previous year[15]. - The company's debt-to-asset ratio decreased to 44.28% from 55.97% year-on-year, indicating improved financial stability[15]. - Total liabilities decreased to CNY 271,347,686.05 in 2022 from CNY 336,708,291.08 in 2021, indicating improved financial stability[55]. - Shareholders' equity increased to CNY 266,614,429.43 in 2022 from CNY 204,138,921.39 in 2021, showing a growth in company value[55]. - The company reported a total of 422.33 million yuan in current assets as of September 30, 2022, compared to 400.54 million yuan at the end of 2021, reflecting an increase of approximately 5.2%[53]. Inventory and Receivables - Accounts receivable decreased by ¥49,737,700, a reduction of 31.28%, attributed to lower sales revenue and better collection[19]. - The company’s receivables from accounts increased to 109.29 million yuan as of September 30, 2022, from 159.03 million yuan at the end of 2021, indicating a decrease of approximately 31.4%[53]. - The company’s inventory as of September 30, 2022, was 106.62 million yuan, compared to 94.05 million yuan at the end of 2021, indicating an increase of approximately 13.4%[53]. - Inventory increased to CNY 81,199,825.49 in 2022 from CNY 58,418,265.43 in 2021, reflecting potential growth in sales[58]. Future Plans and Investments - The company plans to prepay suppliers for raw materials due to anticipated price increases, resulting in a 322.02% increase in prepaid accounts[20]. - The company plans to apply for a comprehensive credit facility of up to 200 million yuan to support its operational needs[47]. - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[68]. - The company plans to expand its market presence and invest in new product development to drive future growth[61]. Other Financial Metrics - The basic earnings per share for the first nine months was ¥0.34, down 44.26% from ¥0.61 in the previous year[15]. - Basic earnings per share for the first nine months of 2022 were CNY 0.12, down from CNY 0.20 in 2021, a decrease of 40%[67]. - The company reported a financial expense of approximately -¥1.66 million in Q3 2022, compared to a financial expense of ¥0.60 million in Q3 2021[65]. - Other income decreased by 5.17 million yuan, a year-on-year decline of 70.90%[27]. - Investment income increased by 316,200 yuan, a year-on-year increase of 142.32%[29]. - Fair value changes in income increased by 36,200 yuan, a year-on-year increase of 86.94%[30].
鑫汇科(831167) - 2022 Q3 - 季度财报