Financial Performance - Revenue for the first nine months of 2022 was RMB 315,246,582.52, a decrease of 9.59% year-on-year[15] - Net profit attributable to shareholders for the first nine months of 2022 was RMB 39,281,992.76, down 17.52% from the previous year[15] - In Q3 2022, revenue was RMB 80,600,067.45, reflecting a significant decline of 37.56% compared to Q3 2021[16] - The net profit attributable to shareholders in Q3 2022 was RMB 4,786,614.87, a decrease of 76.04% year-on-year[16] - The company’s basic earnings per share for the first nine months of 2022 was RMB 0.51, down 39.29% from the previous year[15] - In the first nine months of 2022, the company's net profit attributable to shareholders decreased by 17.52%, with a significant drop of 76.04% in Q3, primarily due to reduced orders and declining sales prices in the consumer electronics sector[12] - Total operating revenue for Q3 2022 was ¥80,600,067.45, a decrease from ¥129,074,272.09 in Q3 2021[48] - Operating profit for Q3 2022 was ¥4,392,768.18, down from ¥22,129,643.75 in Q3 2021[49] - The company reported a net profit of ¥4,633,255.66 for Q3 2022, compared to ¥22,764,410.12 in Q3 2021[49] - Basic earnings per share for Q3 2022 were CNY 0.06, down from CNY 0.35 in Q3 2021, a decline of 82.9%[51] - The company reported a total comprehensive income of CNY 4,786,614.87 for Q3 2022, compared to CNY 1,154,901.16 in Q3 2021, marking a growth of 314%[51] Assets and Liabilities - Total assets as of September 30, 2022, amounted to RMB 790,256,412.35, representing a 1.23% increase compared to the previous year[15] - The company's total liabilities to total assets ratio (consolidated) was 34.25%, a decrease from 37.22% year-on-year[15] - The company's fixed assets increased by 40.36% compared to the previous year, primarily due to the completion of a new production facility[18] - Total current assets as of September 30, 2022, amounted to ¥415,500,366.02, a decrease from ¥484,705,481.76 as of December 31, 2021, representing a decline of approximately 14.3%[40] - Total liabilities decreased to ¥270,688,167.63 from ¥290,521,957.54, showing a reduction of about 6.8%[42] - Total equity increased to ¥519,568,244.72 from ¥490,117,851.96, marking an increase of approximately 6.0%[42] - The company has a total of 530,961,230.90 RMB in assets pledged, which accounts for 6.72% of total assets[36] - The company’s accounts receivable pledged amount to 12,317,715.96 RMB, which is 1.56% of total assets[36] - The company’s fixed assets, including buildings, are pledged for bank loans, with a value of 22,940,159.80 RMB, accounting for 2.90% of total assets[36] - The company’s land use rights are also pledged, valued at 3,185,000.00 RMB, which is 0.40% of total assets[36] Cash Flow - Cash flow from operating activities for the first nine months of 2022 was RMB 35,379,046.43, down 18.01% from the previous year[15] - Operating cash inflow for the first nine months of 2022 was CNY 270,664,840.19, a decrease of 5.1% compared to CNY 285,089,878.00 in the same period of 2021[56] - Net cash flow from operating activities was CNY 35,379,046.43, down 18.1% from CNY 43,150,225.98 year-on-year[57] - Cash inflow from investment activities totaled CNY 355,284,308.70, significantly higher than CNY 3,263,936.79 in the previous year[57] - Net cash flow from investment activities was -CNY 205,072,494.99, worsening from -CNY 52,040,214.98 in the same period last year[57] - Cash inflow from financing activities was CNY 57,400,000.00, up from CNY 54,200,000.00 in the previous year[57] - Net cash flow from financing activities was -CNY 11,128,773.85, compared to -CNY 3,331,424.08 in the same period of 2021[57] - The ending cash and cash equivalents balance was CNY 38,504,310.37, compared to CNY 13,336,662.33 at the end of the previous year[57] - The company reported a net cash decrease of CNY 178,990,915.79 for the period, compared to a decrease of CNY 12,183,257.91 in the same period of 2021[57] Research and Development - Research and development expenses increased by 43.23% year-on-year for the first nine months of 2022[19] - Research and development expenses for Q3 2022 were ¥5,639,634.91, up from ¥4,337,534.11 in Q3 2021[49] - Research and development expenses for the first nine months of 2022 totaled CNY 7,371,722.21, an increase from CNY 4,500,546.38 in the same period of 2021, representing a growth of 63.1%[53] Other Income and Expenses - Financial expenses decreased by 228.05% year-on-year in the first nine months of 2022, mainly due to increased bank deposits from raised funds, resulting in higher interest income[4] - Investment income increased by 6063.44% year-on-year in the first nine months of 2022, driven by cash management of raised funds and investments in structured deposits[6] - Other income rose by 160.92% year-on-year in the first nine months of 2022, largely due to increased government subsidies related to deferred income[5] - The company received government subsidies totaling 6.8 million yuan, which were recorded as other income and not related to the main business[10] - Non-recurring gains and losses totaled 16,396,320.13 yuan, with a net amount of 13,941,587.20 yuan after tax effects[25] - The company incurred a tax expense of CNY 153,359.21 in Q3 2022, compared to CNY 143,030.90 in Q3 2021, reflecting a rise of 7.5%[54] Inventory and Asset Management - The company reported a significant increase in inventory, with total inventory at ¥105,905,925.70 compared to ¥110,294,556.74, a decrease of about 4.0%[40] - Inventory levels decreased to ¥35,402,020.44 from ¥37,852,201.44 year-over-year[46] - Asset impairment losses increased by 334.07% year-on-year in the first nine months of 2022, attributed to an increase in inventory items showing impairment signs[8] - The company recorded a 156.11% increase in asset disposal gains in the first nine months of 2022, mainly from the sale of old production equipment[21]
晶赛科技(871981) - 2022 Q3 - 季度财报