TYPICAL(SH:600302)2022-10-25 16:00Financial Performance - The company's operating revenue for the third quarter was CNY 143,152,948.96, a decrease of 75.86% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY -4,127,154.67, representing a 67.38% reduction in losses year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -9,977,137.00, a decrease of 55.96% compared to the previous year[5]. - The cash flow from operating activities for the year-to-date was CNY 15,793,047.09, down 75.46% from the previous year[6]. - Total revenue for the first three quarters of 2022 was CNY 953,548,723.12, a decrease from CNY 1,418,152,008.22 in the same period of 2021[27]. - Net profit for Q3 2022 was a loss of CNY 40,875,923.05, compared to a loss of CNY 31,609,123.04 in Q3 2021[28]. - The company reported a total comprehensive loss of CNY 39,920,214.82 for Q3 2022, compared to a loss of CNY 27,816,796.27 in Q3 2021[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,709,573,271.97, a decrease of 20.17% from the end of the previous year[6]. - The company's total assets decreased to CNY 1,709,573,271.97 from CNY 2,141,442,424.48 year-on-year[24]. - Total liabilities decreased to CNY 559,281,912.93 from CNY 951,230,850.63 year-on-year[24]. - The company's equity decreased to CNY 1,150,291,359.04 from CNY 1,190,211,573.85 year-on-year[24]. - The company reported total current assets of RMB 1.40 billion as of September 30, 2022, down from RMB 1.83 billion at the end of 2021[22]. Cash Flow - Operating cash flow for the first nine months of 2022 was CNY 1,213,979,710.05, compared to CNY 2,033,310,532.23 in the same period of 2021, reflecting a decrease of approximately 40.4%[33]. - Net cash flow from operating activities for Q3 2022 was CNY 15,793,047.09, down from CNY 64,367,095.43 in Q3 2021, indicating a decline of about 75.5%[33]. - Cash inflow from investment activities totaled CNY 305,371,963.76 for the first nine months of 2022, compared to CNY 766,576,969.65 in the same period of 2021, a decrease of approximately 60.2%[34]. - The net cash flow from financing activities in Q3 2022 was CNY -247,199,440.03, compared to CNY 30,059,596.47 in Q3 2021, indicating a decline of approximately 920.1%[34]. - The total cash and cash equivalents at the end of Q3 2022 stood at CNY 194,538,981.97, down from CNY 350,337,342.78 at the end of Q3 2021, reflecting a decrease of about 44.5%[34]. Business Operations - The company reported a significant decline in supply chain business revenue, which fell by 44.73% year-on-year[9]. - The sewing machinery manufacturing business generated revenue of RMB 143 million, a quarter-on-quarter increase of 25.05%, with a net profit of -RMB 1.87 million, reflecting an 89.71% improvement from the previous quarter[13]. - The company launched three new intelligent multi-axis sewing machines (GC6920F, GC6927MD2, GC6927MD-B10) in the apparel sector, receiving positive market feedback[13]. - The new generation VETRON 6000 model has completed design and prototype testing, while the VETRON 4000 model has entered mass production[14]. - The company is in the process of relocating its production base in Lintong, with the majority of operations now conducted at the new site in Weibei Industrial Park[17]. Research and Development - The company holds 345 valid patents, including 35 invention patents, and has applied for 19 new patents during the reporting period[15]. - The company is actively enhancing its R&D capabilities to meet market demands and improve product technology advantages[13]. - Research and development expenses for Q3 2022 were CNY 12,237,609.32, down from CNY 15,645,476.50 in Q3 2021[28]. Legal and Compliance - The total amount of undisclosed litigation claims reached RMB 153.92 million, accounting for 13.93% of the company's latest audited net assets[18].