赤天化(600227) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥549,978,912.85, a decrease of 11.75% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥126,965,118.04, with a year-to-date net profit of -¥222,690,490.28[5]. - The basic earnings per share for the current period was -¥0.0750, and the diluted earnings per share was also -¥0.0750[6]. - The net profit for the third quarter of 2022 was a loss of ¥225,155,375.43, compared to a profit of ¥114,983,715.58 in the same quarter of 2021[22]. - The net profit for the first three quarters of 2022 was a loss of ¥38,134,313.54, compared to a loss of ¥26,452,789.39 in the same period of 2021, representing an increase in loss of 43.9%[32]. - The total comprehensive income for the third quarter of 2022 was -¥224,510,357.51, compared to ¥113,055,024.46 in the same quarter of 2021[23]. - The company reported a total comprehensive loss of ¥37,489,295.62 for the first three quarters of 2022, compared to a loss of ¥28,381,480.51 in the same period of 2021, reflecting a worsening financial position[32]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,652,054,741.19, reflecting a 1.08% increase from the end of the previous year[6]. - The total liabilities as of the third quarter of 2022 amounted to ¥1,706,273,886.21, compared to ¥1,432,117,778.16 in the previous year, indicating a growth of 19.1%[19]. - The total equity attributable to shareholders decreased to ¥2,943,324,885.52 from ¥3,165,129,156.69 year-over-year, a decline of 7.0%[19]. - The total assets as of September 30, 2022, amounted to 3,103,979,723.42 RMB, down from 3,173,899,518.09 RMB at the end of 2021[29]. - The total liabilities decreased to 337,730,708.21 RMB from 370,161,207.26 RMB in the previous year[30]. - The total equity as of September 30, 2022, was 2,766,249,015.21 RMB, compared to 2,803,738,310.83 RMB at the end of 2021[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥161,895,980.62, a decrease of 23.00% compared to the same period last year[5]. - The net cash flow from operating activities was 161,895,980.62 RMB, a decrease from 210,255,212.36 RMB in the previous year[26]. - The net cash flow from investing activities was -383,904,125.18 RMB, compared to -137,352,782.19 RMB in the same period last year[26]. - The net cash flow from financing activities was 209,120,149.83 RMB, a significant improvement from -20,610,550.87 RMB in the previous year[27]. - The cash flow from operating activities for the first three quarters of 2022 was ¥203,661,452.49, an increase of 37.7% compared to ¥147,951,637.28 in the same period of 2021[34]. Operational Changes - The company attributed the decline in net profit to rising raw material costs and the suspension of operations at its wholly-owned subsidiary, Tongzi Chemical[8]. - The company has decided to temporarily suspend methanol production at its wholly-owned subsidiary Tongzi Chemical due to negative profit margins caused by low market prices and rising raw material costs[13]. - The company reported a significant increase in research and development expenses, totaling ¥80,022,914.51 for the first three quarters of 2022, compared to ¥67,310,303.26 in 2021, reflecting a growth of 18.5%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 56,854[11]. - Guizhou Yuyang Trading Co., Ltd. holds 447,733,355 shares, accounting for 26.4% of total shares[11]. Other Financial Metrics - The weighted average return on equity was -4.22% for the current period, compared to -7.29% year-to-date[6]. - The company experienced a credit impairment loss of ¥91,736,749.35 in the third quarter of 2022, contrasting with a gain of ¥732,205.92 in the same quarter of 2021[22]. - The company's financial expenses increased to ¥15,380,367.04 in the first three quarters of 2022, compared to ¥9,601,197.47 in the same period of 2021, marking a rise of 60.5%[31]. - The company's interest expenses were ¥5,255,332.92 in the first three quarters of 2022, a decrease of 17.3% from ¥6,347,282.53 in the same period of 2021[31].