MIHF(SH:600337)2022-10-30 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,212,567,170.58, a decrease of 9.66% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 38,843,094.44, down 133.83% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 38,101,200.19, a decrease of 138.67% compared to the previous year[5]. - The basic earnings per share for Q3 2022 was -CNY 0.03, a decline of 137.50% year-on-year[6]. - Total revenue for the first three quarters of 2022 was CNY 3,336,386,485.07, a decrease of 10.4% compared to CNY 3,722,851,390.98 in the same period of 2021[23]. - Net profit for Q3 2022 was a loss of CNY 234,144,793.28, compared to a profit of CNY 146,997,344.67 in Q3 2021[25]. - The company reported a total comprehensive income of CNY -126,220,804.26 for Q3 2022, down from CNY 142,329,035.89 in Q3 2021[26]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,766,573,560.27, a decrease of 1.95% from the end of the previous year[6]. - The equity attributable to shareholders of the listed company was CNY 4,254,765,628.10, down 3.38% from the end of the previous year[6]. - The company's total liabilities as of Q3 2022 were CNY 5,495,363,611.48, slightly down from CNY 5,547,816,810.08 in the previous quarter[21]. - The total current liabilities increased to RMB 3,028,597,511.40 from RMB 2,973,489,387.47, marking an increase of about 1.9%[20]. - The company's long-term borrowings decreased to RMB 768,152,077.03 from RMB 888,022,485.67, a decline of approximately 13.5%[20]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 49,312,334.85, a decrease of 86.52% compared to the same period last year[10]. - Cash inflow from operating activities for the first three quarters of 2022 was CNY 3,688,900,038.09, down from CNY 4,202,468,711.85 in the same period of 2021[27]. - Cash outflow from investing activities totaled $184.93 million, down from $681.68 million year-over-year, resulting in a net cash flow of -$131.01 million[28]. - Cash inflow from financing activities was $1.32 billion, compared to $2.08 billion in the previous year, with a net cash flow of -$299.99 million[29]. - The total cash and cash equivalents at the end of the period stood at $630.65 million, down from $829.60 million year-over-year[29]. - The company reported a decrease in cash flow from operating activities, indicating potential challenges in operational efficiency[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,506[12]. - The largest shareholder, Meike Investment Group Co., Ltd., held 32.65% of the shares, with 305,220,000 shares pledged[12]. - The company repurchased a total of 740,310 shares, accounting for 0.49% of the total share capital, with a total expenditure of RMB 21,565,100 (excluding transaction taxes) for the buyback[15]. - The company plans to cancel 132,382,337 shares from its repurchase account, reducing the total share capital to 1,495,944,883 shares[15]. - The company reported a total of 7,403,146 shares held in its repurchase account as of the reporting date[15]. Operational Challenges - The company attributed the decline in performance to the repeated domestic pandemic affecting logistics and consumer purchasing intentions[9]. - The company's cash and cash equivalents decreased to RMB 671,229,683.51 from RMB 1,124,235,894.10 in the previous year, representing a decline of approximately 40.2%[18]. - Accounts receivable increased to RMB 346,559,436.18 from RMB 302,412,878.25, reflecting a growth of about 14.6% year-over-year[18]. - Inventory rose to RMB 2,432,437,504.61, up from RMB 2,277,731,301.55, indicating an increase of approximately 6.8%[19]. - Research and development expenses for Q3 2022 were CNY 59,871,578.30, an increase from CNY 52,977,195.42 in Q3 2021[24]. Accounting Changes - The company is adapting to new accounting standards starting from 2022, which may affect future financial reporting[29].