Financial Position - As of September 30, 2022, total current assets amounted to RMB 172.65 billion, an increase from RMB 149.85 billion as of December 31, 2021, representing a growth of approximately 15.2%[3] - Total liabilities reached RMB 303.05 billion as of September 30, 2022, up from RMB 282.64 billion at the end of 2021, indicating an increase of about 7.2%[5] - The total assets of the company were RMB 495.63 billion as of September 30, 2022, compared to RMB 461.30 billion at the end of 2021, reflecting a growth of approximately 7.4%[4] - Total equity attributable to shareholders of the parent company was RMB 125.77 billion as of September 30, 2022, up 5.8% from RMB 118.83 billion at the end of 2021[6] - The company's cash and cash equivalents stood at RMB 42.79 billion, up from RMB 30.96 billion at the end of 2021, marking a growth of approximately 38.3%[3] Borrowings and Debt - Short-term borrowings increased to RMB 60.07 billion as of September 30, 2022, compared to RMB 37.80 billion at the end of 2021, reflecting a rise of approximately 59.0%[5] - The company issued a total of RMB 15 billion in perpetual corporate bonds in 2022, with the latest issuance on October 17, 2022, at a rate of 2.74%[2] - Long-term borrowings slightly increased to RMB 57.75 billion from RMB 56.56 billion, reflecting a growth of about 2.1%[28] - Short-term borrowings surged to CNY 15.15 billion, a significant increase from CNY 5.03 billion in the previous year, indicating a rise of 200.5%[14] Revenue and Profitability - Total revenue for the first nine months of 2022 was RMB 171.33 billion, a decrease of 13.1% compared to RMB 197.21 billion in the same period of 2021[7] - Operating profit for the first nine months of 2022 was RMB 14.56 billion, down 46.8% from RMB 27.39 billion in the same period of 2021[8] - Net profit attributable to shareholders of the parent company for the first nine months of 2022 was RMB 6.99 billion, a decline of 48.5% compared to RMB 13.57 billion in the same period of 2021[8] - The company reported a decrease in total operating costs to RMB 160.59 billion for the first nine months of 2022, down 7.1% from RMB 172.85 billion in the same period of 2021[7] Cash Flow - Cash flow from operating activities for the first nine months of 2022 was RMB 13.89 billion, a decrease of 41.4% from RMB 23.76 billion in the same period of 2021[9] - Cash flow from investment activities for the first nine months of 2022 was negative RMB 15.78 billion, an improvement from negative RMB 20.58 billion in the same period of 2021[10] - Cash inflow from financing activities totaled CNY 131.40 billion in the first nine months of 2022, an increase of 9.4% compared to CNY 120.46 billion in the same period of 2021[11] - Net cash flow from financing activities was CNY 13.79 billion, a significant recovery from a negative CNY 389.38 million in the previous year[11] Investments and Expenses - The company’s long-term investments rose to RMB 29.96 billion as of September 30, 2022, compared to RMB 27.24 billion at the end of 2021, indicating an increase of about 10.0%[4] - Research and development expenses for the first nine months of 2022 were RMB 3.68 billion, a slight decrease from RMB 3.81 billion in the same period of 2021[7] - The company reported a significant increase in financial expenses, rising to CNY 35,984,542.85 in 2022 from CNY 19,370,281.75 in 2021, which is an increase of approximately 86%[17] - The company experienced a decrease in investment income, which fell to CNY 5,989,708,436.05 in 2022 from CNY 11,863,956,800.23 in 2021, a decline of approximately 49%[40]
中国建材(03323) - 2022 Q3 - 季度财报