Financial Performance - Total operating revenue for the period was RMB 27,764,633 thousand, a decrease of 10.44% compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of RMB 424,889 thousand, representing a decline of 177.46% year-on-year[6]. - Basic earnings per share for the period was -0.0272 RMB, a decrease of 175.35% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2022 was CNY 78,057,423, a decrease of 16.5% compared to CNY 93,528,580 in the same period of 2021[19]. - Net profit for the first three quarters of 2022 was a loss of CNY 278,877, compared to a loss of CNY 3,768,689 in the same period of 2021[21]. - The company reported a basic and diluted earnings per share of -0.0906 for the current period, an improvement from -0.2913 in the previous period[22]. - The company recorded a total profit of -53,437 in the current period, compared to -3,125,274 in the previous period, indicating a significant reduction in losses[21]. - The total comprehensive income for the first three quarters of 2022 was a loss of RMB 1,119,310 million, compared to a loss of RMB 3,186,827 million in the same period of 2021[24]. Assets and Liabilities - Total assets at the end of the period were RMB 304,506,361 thousand, an increase of 1.23% from the end of the previous year[6]. - Current assets totaled RMB 214.28 billion, slightly up from RMB 209.78 billion year-over-year, indicating a growth of about 2.4%[13]. - Total liabilities reached RMB 208.20 billion, up from RMB 202.66 billion, which is an increase of about 2.7%[15]. - Total assets as of the end of the reporting period were CNY 131,798,300, slightly down from CNY 133,314,798 at the end of the previous period[18]. - Total liabilities decreased to CNY 92,230,663 from CNY 92,660,127, indicating a reduction in financial obligations[18]. - The company’s total equity decreased to CNY 39,567,637 from CNY 40,654,671, reflecting a decline in shareholder value[18]. - Total current assets decreased to RMB 62,045,884 thousand, down from RMB 64,838,942 thousand, a decrease of 4.3%[46]. Cash Flow - Cash flow from operating activities showed a net outflow, with a significant decrease in cash received from sales and services[10]. - Cash flow from operating activities for the first three quarters of 2022 showed a net outflow of RMB -5,134,426 thousand, an improvement from RMB -13,934,825 thousand in the same period of 2021[36]. - Cash inflow from investment activities totaled RMB 8,741.024 million, down from RMB 15,770.754 million in the same period of 2021[25]. - Cash flow from financing activities generated a net inflow of RMB 548.541 million, a decrease from RMB 2,727.294 million in the first three quarters of 2021[26]. - The net cash flow from financing activities for the first three quarters of 2022 was RMB 88,198 thousand, a significant decrease from RMB 2,775,871 thousand in the same period of 2021[29]. Operational Challenges - The company faced increased costs due to rising raw material prices and logistics, impacting overall profitability[9]. - The company experienced operational challenges, including production halts and logistics difficulties, impacting revenue performance[39]. - The company reported a significant decline in investment income from equity holdings compared to the previous year[9]. - The company reported a significant decrease in investment income, which was RMB 1,291.939 million compared to RMB 4,763.522 million in the same period of 2021[23]. Government Support - Non-operating income included government subsidies of RMB 252,996 thousand for the period, totaling RMB 695,091 thousand year-to-date[7]. - The company received government subsidies amounting to RMB 252,996 thousand during the reporting period, totaling RMB 695,091 thousand for the year to date[37]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 3,234,083, a decrease from CNY 3,525,809 in 2021[19]. - Research and development expenses for the first three quarters of 2022 were RMB 123.901 million, slightly down from RMB 137.567 million in the same period of 2021[23].
上海电气(02727) - 2022 Q3 - 季度财报