HZIS(SH:600126)2023-04-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥10,549,902,704.24, a decrease of 21.29% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥20,691,041.27, representing a decline of 103.27% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was -¥28,328,057.55, down 104.49% from the previous year[7]. - The company's net profit for the year-to-date was ¥496,203,459.85, a decrease of 69.36% year-on-year[12]. - Investment income decreased by 92.54% to ¥12,070,761.79 compared to the same period last year[12]. - Net profit for the third quarter was ¥496.46 million, down 69.5% from ¥1.62 billion in the same quarter of the previous year[36]. - Total comprehensive income attributable to the parent company for the first three quarters of 2022 was CNY 1,619,222,394.66, a decrease from CNY 1,620,636,099.24 in the same period of 2021[38]. - Basic and diluted earnings per share for the first three quarters of 2022 were both CNY 0.48, unchanged from the previous year[38]. Cash Flow and Financing - Cash flow from operating activities for the year-to-date was ¥2,428,452,942.63, an increase of 34.33% compared to the same period last year[7]. - The company's cash flow from financing activities increased by 42.97% to ¥949,186,381.15 compared to the previous year[12]. - Cash inflow from operating activities for the first three quarters of 2022 was CNY 37,241,683,802.87, down from CNY 40,478,443,473.04 in the same period of 2021, representing a decrease of approximately 5.8%[38]. - Net cash flow from operating activities for the third quarter of 2022 was CNY 2,428,452,942.63, an increase from CNY 1,807,865,217.96 in the same quarter of 2021[42]. - The company reported a total cash inflow from financing activities of CNY 4,706,246,445.62 for the third quarter of 2022, compared to CNY 1,921,789,193.65 in the same quarter of 2021[42]. Assets and Liabilities - The company's cash and cash equivalents as of September 30, 2022, amount to ¥12,719,539,907.19, an increase from ¥9,909,373,765.85 at the end of 2021[22]. - The total current assets as of September 30, 2022, are ¥18,887,170,929.40, compared to ¥15,380,512,894.24 at the end of 2021, reflecting a growth of approximately 22.5%[26]. - Total assets increased to ¥32.56 billion from ¥29.26 billion, representing an increase of approximately 7.8% year-over-year[29]. - Total liabilities rose to ¥12.34 billion, up from ¥8.71 billion, marking a significant increase of about 41.5%[29]. - The total non-current assets as of September 30, 2022, are ¥13,668,052,368.45, slightly down from ¥13,882,941,424.56 at the end of 2021[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 62,869[16]. - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 1,527,508,156 shares, accounting for 45.23% of total shares[16]. - The company has a significant portion of its shares (7.58%) pledged under a non-public issuance of convertible bonds[16]. - The total equity attributable to shareholders decreased to ¥20.20 billion from ¥20.55 billion, a decline of approximately 1.7%[31]. Operational Strategy and Challenges - The company faces challenges due to rapid declines in steel product prices and high raw material costs, impacting profitability[21]. - The company aims to maintain a "low-cost, high-efficiency" operational strategy while accelerating technological and product innovation[21]. - The company is committed to adapting to market changes and adjusting its production and operational status accordingly[21]. - The company plans to focus on market expansion and new product development in the upcoming quarters[36]. Expenses - Operating costs decreased to ¥35.76 billion from ¥37.03 billion, reflecting a reduction of approximately 3.4%[32]. - Research and development expenses amounted to ¥564.88 million, slightly down from ¥603.33 million year-over-year[34]. - The company reported a decrease in sales expenses to ¥19.09 million from ¥27.53 million, a reduction of about 30.7%[32]. - The company’s financial expenses showed a loss of ¥253.11 million, compared to a loss of ¥214.32 million in the previous year[34].