TCICL(SH:600281)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 134,352,065.52, representing a year-on-year increase of 73.16%[5] - The net profit attributable to shareholders was a loss of CNY 4,186,694.24, a decrease of 168.18% compared to the same period last year[5] - The basic earnings per share for the period was -CNY 0.0081, reflecting a decline of 168.07% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 4,232,111.09, a decrease of 166.04% year-on-year[5] - The net profit for the third quarter of 2022 was -¥2,347,789.76, an improvement from -¥11,480,092.00 in the same quarter of 2021, indicating a reduction in losses[19][20] - The total profit for the third quarter of 2022 was ¥1,428,285.55, a recovery from a loss of -¥6,717,767.08 in the same quarter of 2021[19] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,172,146,936.21, an increase of 28.56% from the end of the previous year[6] - As of September 30, 2022, total assets amounted to RMB 1,172,146,936.21, an increase from RMB 911,716,437.72 at the end of 2021, reflecting a growth of approximately 28.6%[14] - Current assets totaled RMB 553,856,929.93, a slight decrease from RMB 569,405,280.08 in the previous year, indicating a decline of about 2.5%[14] - Total liabilities reached RMB 692,588,511.04, up from RMB 429,810,222.79, indicating an increase of around 61%[16] - The company's total equity was reported at RMB 479,558,425.17, a slight decrease from RMB 481,906,214.93, showing a decline of about 0.5%[16] Cash Flow - The cash flow from operating activities was not applicable for the current period, with a cumulative negative cash flow of CNY -71,971,726.40 year-to-date[5] - Cash flow from operating activities showed a net outflow of -¥71,971,726.40 for the first three quarters of 2022, compared to -¥62,806,015.91 in the same period of 2021[23] - Cash flow from investing activities resulted in a net outflow of -¥68,323,254.56, contrasting with a net inflow of ¥51,057,100.24 in the previous year[23] - Cash flow from financing activities generated a net inflow of ¥135,974,002.91, compared to a net outflow of -¥131,420,248.37 in the same period of 2021[24] Operational Metrics - The company reported a significant increase in construction in progress by 239.73%, primarily due to investments in the PBAT project and biodegradable plastic projects[9] - The company experienced a 112.31% increase in accounts receivable, mainly due to increased payments from precious metals business[9] - The company reported a 47.03% increase in operating costs year-to-date, attributed to the growth in precious metals business volume[9] - Total operating revenue for the first three quarters of 2022 reached ¥318,209,473.80, a 30.2% increase compared to ¥244,288,665.80 in the same period of 2021[19] - Total operating costs increased to ¥321,951,652.30, up 43% from ¥225,355,551.39 year-on-year, with operating costs alone rising to ¥282,969,694.64, a 47% increase[19] Equity and Borrowings - The weighted average return on equity decreased by 2.03 percentage points to -0.87%[6] - Short-term borrowings decreased to RMB 200,000,000.00 from RMB 251,396,680.56, representing a reduction of approximately 20.4%[16] - The company received ¥250,080,000.00 in borrowings during the financing activities, significantly up from ¥68,000,000.00 in the previous year[24] Inventory and Receivables - Accounts receivable increased significantly to RMB 114,587,906.69 from RMB 53,971,535.44, marking an increase of about 112%[14] - Inventory levels rose to RMB 202,908,753.26, compared to RMB 147,935,190.77, reflecting an increase of approximately 37%[14] Product Development - The company has no significant new product launches or technological advancements reported during this quarter[13]