GUANNONG SHARE(SH:600251)2023-07-05 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 225,837,201.30, a decrease of 47.95% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was CNY 1,670,951.49, down 95.81% year-on-year[5]. - The basic earnings per share for Q3 2022 was CNY 0.0021, a decrease of 95.79% year-on-year[5]. - Total operating revenue for the first three quarters of 2022 was ¥1,845,098,044.78, a decrease of 49.1% compared to ¥3,626,665,103.58 in the same period of 2021[20]. - Net profit for the first three quarters of 2022 was a loss of ¥72,614,320.02, compared to a profit of ¥273,843,427.98 in the same period of 2021[21]. - Operating profit for the first three quarters of 2022 was ¥48,205,416.69, a decline of 82.7% from ¥277,983,383.82 in 2021[20]. - The total comprehensive income for the first three quarters of 2022 was a loss of ¥80,067,777.42, contrasting with a profit of ¥281,140,267.98 in the same period of 2021[21]. - The net profit for the third quarter of 2022 was CNY 470,227,590.94, compared to CNY 282,708,324.23 in the same period of 2021, representing an increase of approximately 66.5%[32]. - The total operating profit for the third quarter of 2022 was CNY 470,408,209.97, up from CNY 283,306,502.11 in the previous year, indicating a growth of about 66.1%[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,336,441,130.28, a decrease of 25.09% from the end of the previous year[5]. - The company's current assets totaled CNY 2,618,583,362.01, down from CNY 4,741,762,445.61, indicating a decrease of about 44.7%[15]. - The total liabilities decreased to CNY 2,299,079,349.79 from CNY 3,978,931,535.27, reflecting a reduction of approximately 42.2%[16]. - The total equity attributable to shareholders at the end of the reporting period was CNY 2,980,429,195.26, an increase of 8.22% from the end of the previous year[5]. - The total assets as of September 30, 2022, amounted to CNY 3,056,151,222.18, an increase from CNY 2,740,264,339.90 at the end of 2021[29]. - The company's total liabilities decreased to CNY 63,880,097.26 from CNY 190,470,241.31 year-over-year[29]. - The company's total equity increased to CNY 2,992,271,124.92 from CNY 2,549,794,098.59 year-over-year[29]. Cash Flow - The company reported a net cash flow from operating activities of CNY 2,195,662,540.10 for the year-to-date, down 7.48% compared to the previous year[5]. - Cash flow from operating activities for the first three quarters of 2022 was ¥2,195,662,540.10, a decrease of 8.5% compared to ¥2,373,164,268.35 in 2021[24]. - The net cash flow from financing activities was negative CNY 1,988,490,783.12, compared to negative CNY 1,858,368,748.73 in the previous period[28]. - The net cash flow from investment activities was CNY 174,491,294.36 for the first three quarters of 2022, up from CNY 110,814,527.95 in the previous year, reflecting a growth of about 57.4%[34]. - The cash and cash equivalents at the end of the third quarter of 2022 amounted to CNY 202,608,812.51, compared to CNY 178,380,929.67 at the end of the same period in 2021, an increase of approximately 13.6%[34]. Costs and Expenses - Total operating costs for the first three quarters of 2022 were ¥1,963,483,494.81, down 44.7% from ¥3,557,792,791.22 in 2021[20]. - The cost of goods sold increased to CNY 1,950,175.45, up 21.8% from CNY 1,600,615.94 in the previous year[31]. - Research and development expenses increased to ¥10,733,668.84 in the first three quarters of 2022, up 123.5% from ¥4,795,627.11 in 2021[20]. - Research and development expenses for the first three quarters of 2022 were CNY 4,491,459.85, slightly down from CNY 4,794,626.11 in the same period of 2021[31]. - The company reported a financial expense of negative CNY 6,344,249.62, compared to negative CNY 4,267,044.34 in the previous year[31]. Investment and Income - The increase in net profit attributable to shareholders after deducting non-recurring gains and losses was primarily due to the improved net profit from the company's associate, Guotou Luokai[10]. - The company reported a significant increase in investment income, reaching ¥363,876,809.56 in the first three quarters of 2022, compared to ¥178,662,798.69 in 2021[20]. - Investment income for the first three quarters of 2022 was CNY 480,025,753.18, up 60% from CNY 300,027,939.75 in the same period of 2021[31]. Inventory and Borrowings - The company's inventory significantly decreased to CNY 514,291,068.78 from CNY 2,885,618,979.85, a drop of about 82.2%[14]. - The company's short-term borrowings decreased to CNY 1,289,363,775.18 from CNY 3,186,882,255.21, reflecting a reduction of about 59.6%[16].