THEC(BJ:833509)2022-10-25 16:00Financial Performance - Net profit attributable to shareholders for the first nine months of 2022 was ¥36,014,034.34, representing a year-on-year increase of 19.16%[17] - The net profit attributable to shareholders for the third quarter of 2022 was ¥12,735,708.31, an increase of 29.87% year-on-year[18] - The basic earnings per share for the third quarter of 2022 was ¥0.12, up 33.24% from ¥0.09 in the same quarter of the previous year[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the first nine months of 2022 was ¥28,167,824.13, a 4.89% increase year-on-year[17] - The company reported a net profit margin improvement, with net profit for the first nine months of 2022 reaching CNY 62,349,844.08, up from CNY 56,072,681.66 in the same period last year, an increase of approximately 11.5%[45] - The net profit for Q3 2022 was CNY 12,681,847.38, up from CNY 9,761,946.02 in Q3 2021, indicating a growth of approximately 29.5%[53] - The total profit for Q3 2022 was CNY 12,774,510.51, compared to CNY 10,831,932.85 in Q3 2021, representing an increase of about 18.0%[53] Revenue and Operating Performance - Operating revenue for the third quarter of 2022 reached ¥39,086,861.60, reflecting a growth of 14.18% compared to the same period in 2021[18] - Total operating revenue for Q3 2022 reached CNY 39,086,861.60, an increase from CNY 34,233,735.86 in Q3 2021, representing a growth of approximately 14.5%[51] - The company reported a total revenue from sales of goods and services of CNY 117,590,734.06 for the first nine months of 2022, compared to CNY 105,875,275.00 in the same period of 2021, reflecting a growth of 11.5%[60] - Total operating revenue for Q3 2022 reached CNY 38,210,755.76, an increase from CNY 33,464,620.91 in Q3 2021, representing a growth of approximately 8.2%[56] Cash Flow and Assets - The net cash flow from operating activities for the first nine months of 2022 was ¥748,777.50, a significant increase of 4,726.32% compared to the previous year[17] - Cash and cash equivalents increased by CNY 43.08 million, up 84.63% year-on-year, mainly due to the receipt of restricted stock contributions and the redemption of financial products[19] - The company reported a cash balance of ¥93,988,757.10 as of September 30, 2022, compared to ¥50,907,214.42 at the end of 2021, indicating a significant increase[43] - Cash and cash equivalents stood at CNY 87,555,034.23, compared to CNY 39,673,399.25 in the previous year, showing a significant increase of about 120.4%[47] - The total cash and cash equivalents at the end of the period increased to ¥87,555,034.23 from ¥46,549,884.65 year-over-year[64] Expenses and Liabilities - Sales expenses for the first nine months increased by CNY 1.99 million, up 32.11% year-on-year, due to expansion of the sales team[19] - Management expenses increased by CNY 2.43 million, up 22.65% year-on-year, with Q3 showing a 31.83% increase due to higher depreciation from new facilities[19] - Operating costs for Q3 2022 were CNY 18,589,594.71, compared to CNY 16,303,266.19 in Q3 2021, reflecting an increase of about 14.0%[56] - Total operating costs for the first nine months of 2022 were CNY 92,280,551.62, up from CNY 72,245,740.79 in the same period of 2021, an increase of approximately 27.8%[56] - Total liabilities decreased to CNY 64,207,672.88 from CNY 74,266,167.43 year-over-year, indicating a reduction of about 13.9%[45] - Contract liabilities decreased by CNY 18.70 million, down 52.22% year-on-year, as the company completed deliveries and reduced customer deposits[19] Research and Development - R&D expenses for the first nine months increased by CNY 3.24 million, up 28.70% year-on-year, with Q3 showing a 68.32% increase due to more projects and increased investment[23] - Research and development expenses for Q3 2022 totaled CNY 5,166,195.00, compared to CNY 3,694,792.47 in Q3 2021, marking an increase of about 39.8%[56] Investments and Financial Management - The company has invested ¥10,000,000.00 in structured deposits with Bank of China and ¥34,500,000.00 with Industrial Bank, utilizing idle funds for better returns[35] - The company’s financial management strategy includes cash management of idle funds to enhance investment returns without affecting core business operations[34] - Investment income decreased by CNY 1.39 million, down 45.35% year-on-year, due to reduced principal in financial products[23] - The company received CNY 378,000,000.00 from investment recoveries in the first nine months of 2022, down from CNY 477,040,000.00 in the same period of 2021[61] Corporate Governance and Stability - The company approved a stock incentive plan on September 22, 2022, aimed at enhancing employee motivation and retention[34] - The company has not reported any litigation, arbitration, or external guarantees during the reporting period, indicating a stable operational environment[32] - The company has not executed any share buyback programs during the reporting period, maintaining its capital structure[32] - The company has fulfilled its commitments related to the public offering and has no reported violations of these commitments[36]