Financial Performance - Net profit attributable to shareholders for the first nine months of 2022 was CNY 8.93 million, down 66.97% from CNY 27.04 million in the same period last year[15]. - Operating revenue for the first nine months of 2022 was CNY 115.83 million, a decline of 11.28% compared to CNY 130.56 million in the previous year[15]. - The company reported a net profit of -5,857,649.85 in Q3 2022, compared to a net profit of 5,968,711.98 in Q3 2021, indicating a significant decline[43]. - The total profit for the first nine months of 2022 was reported at 11,436,845.59, down from 32,064,187.44 in the same period of 2021, indicating a decline of about 64%[42]. - Net profit for the first nine months of 2022 was -6,641,356.89, compared to a profit of 6,226,197.89 in the same period of 2021, indicating a significant decline[48]. - The total comprehensive income for the first nine months of 2022 was -6,641,356.89, down from 6,226,197.89 in 2021, reflecting overall financial challenges[48]. Cash Flow - The net cash flow from operating activities was negative CNY 37.92 million, a decrease of 586.77% compared to CNY 7.79 million in the same period last year[15]. - The net cash flow from operating activities for the first nine months of 2022 decreased by 45.71 million yuan, a year-on-year decline of 586.77%, primarily due to reduced accounts receivable collections and increased payments for materials and employee salaries[20]. - Operating cash flow for the first nine months of 2022 was -37,921,268.08, a sharp decline from 7,790,452.13 in 2021[50]. - Net cash flow from operating activities was -$44,709,160.31, compared to a positive $1,195,847.12 last year[52]. - Cash outflow from investing activities was $4,275,299.91, up from $906,082.59 in the previous period[52]. - Net cash flow from investing activities was -$3,765,299.91, compared to a positive $1,836,604.01 last year[52]. - Total cash outflow from financing activities was $44,508,712.04, compared to $27,127,167.07 in the previous period[52]. - Net cash flow from financing activities was -$44,508,712.04, worsening from -$9,127,167.07 last year[52]. - The ending cash and cash equivalents balance was -$74,548,301.64, down from $12,340,154.68 in the previous period[52]. Assets and Liabilities - Total assets as of September 30, 2022, were CNY 569.56 million, a decrease of 8.49% compared to CNY 622.42 million at the end of the previous year[15]. - The company's total liabilities to assets ratio was 32.74% as of September 30, 2022, down from 36.99% at the end of the previous year[15]. - Total liabilities decreased to CNY 186,502,309.95 from CNY 230,254,243.03 year-over-year[35]. - Current liabilities totaled CNY 175,179,759.95, down from CNY 218,829,795.30 in the previous year[34]. - The total current assets decreased to 484,031,572.65 RMB from 542,667,177.24 RMB in the previous year[33]. Revenue and Expenses - The company's operating revenue for the first nine months of 2022 decreased by 14.73 million yuan, a year-on-year decline of 11.28%, with a significant drop of 17.88 million yuan in Q3, representing a 39.27% decrease, primarily due to the impact of the pandemic on order fulfillment speed[18]. - Sales expenses increased by 1.78 million yuan in the first nine months of 2022, a year-on-year increase of 43.44%, with Q3 sales expenses rising by 781,900 yuan, up 50.39%, mainly due to higher employee compensation and increased business entertainment costs[18]. - Management expenses rose by 3.18 million yuan in the first nine months of 2022, a year-on-year increase of 32.99%, attributed to adjustments in salary policies and increased depreciation and amortization expenses from the new exhibition hall[18]. - Research and development expenses increased to 7,704,006.13 for the first nine months of 2022, compared to 6,986,566.85 in the same period of 2021, reflecting a growth of about 10%[42]. - The company's total sales expenses for the first nine months of 2022 were 5,891,722.26, up from 4,107,518.62 in the same period of 2021, marking an increase of approximately 43%[42]. Other Financial Metrics - The basic earnings per share for the third quarter of 2022 was negative CNY 0.12, compared to CNY 0.16 in the same period last year, representing a decrease of 175.00%[16]. - The weighted average return on equity based on net profit attributable to shareholders was -1.51% for the third quarter of 2022, down from 2.75% in the same period last year[16]. - The company reported a credit impairment loss increase of 10.96 million yuan in the first nine months of 2022, a year-on-year increase of 130.11%, due to an increase in accounts receivable[18]. - The total non-recurring gains and losses amounted to 1,110,118.04 yuan for the first nine months of 2022, with a net non-recurring gain of 943,531.37 yuan after tax effects[21]. - The company’s tax expenses for the first nine months of 2022 were 2,505,005.41, compared to 5,024,357.35 in the same period of 2021, showing a decrease of approximately 50%[42]. Share Repurchase - The company plans to repurchase between 600,000 and 1,200,000 shares, with an estimated total repurchase fund ranging from 15 million to 30 million RMB[28]. - As of the announcement date, the company has repurchased 316,578 shares for a total payment of 4,757,685.74 RMB, representing 0.66% of the total share capital[28].
汉鑫科技(837092) - 2022 Q3 - 季度财报