Zhejiang Longsheng(SH:600352)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥4,347,560,357.18, representing a year-over-year increase of 4.68%[4] - The net profit attributable to shareholders for Q3 2022 was ¥300,464,644.24, a decrease of 37.65% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥497,974,268.18, down 11.70% year-over-year[4] - Basic earnings per share for Q3 2022 were ¥0.0960, a decrease of 34.38% from the same period last year[6] - Total operating revenue for the first three quarters of 2022 reached ¥13,422,256,125.18, an increase of 6.8% compared to ¥12,566,191,878.76 in the same period of 2021[18] - Net profit for the first three quarters of 2022 was ¥1,958,350,533.04, a decrease of 39.4% from ¥3,233,767,062.17 in 2021[19] - The company's earnings per share for the first three quarters was ¥0.5347, down from ¥0.9308 in the same period of 2021[19] - The comprehensive income for the period was reported at ¥576.03 million, down from ¥946.35 million, a decrease of about 39.1%[26] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥1,231,201,344.78, reflecting a significant decline of 68.13% compared to the previous year[4] - In the first three quarters of 2022, the net cash flow from operating activities was ¥882,867,808.27, a decrease of 55.2% compared to ¥1,968,735,460.06 in the same period of 2021[27] - Total cash inflow from operating activities was ¥8,346,005,966.62, down 63.4% from ¥22,768,873,189.71 year-on-year[27] - The cash flow from sales of goods and services was ¥1,676,383,419.80, a decline from ¥1,993,665,517.14 in the previous year[27] - The cash inflow from financing activities totaled ¥9,030,000,000.00, a decrease of 22.0% compared to ¥11,583,000,000.00 in the same period last year[27] - The net cash flow from financing activities was ¥568,119,667.32, down 77.0% from ¥2,466,400,155.29 in 2021[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥69,910,138,771.75, an increase of 6.37% from the end of the previous year[6] - The total current liabilities increased significantly to CNY 30.97 billion from CNY 23.12 billion, which is an increase of approximately 33.5%[16] - The company's total liabilities increased to ¥36,426,282,739.74, compared to ¥32,768,896,745.96 in the previous year, reflecting a growth of 11.1%[17] - The total equity attributable to shareholders of the parent company rose to ¥31,178,896,349.16, up from ¥30,363,837,288.07, marking an increase of 2.7%[17] - The total equity decreased to ¥6.68 billion from ¥7.81 billion, reflecting a decline of about 14.4%[24] Research and Development - The company has ongoing research and development efforts focused on new products and technologies, although specific figures were not disclosed in the report[12] - Research and development expenses for the first three quarters were ¥544,269,033.83, slightly higher than ¥520,048,088.37 in the same period last year[18] - Research and development expenses remained stable at ¥66.42 million, compared to ¥66.05 million in the previous year, indicating a commitment to innovation[25] Market Outlook and Strategy - Future outlook includes plans for market expansion and potential mergers and acquisitions to enhance growth opportunities[12] - The company has a strong shareholder base, with the top two shareholders holding a combined 22.63% of the shares, indicating a stable ownership structure[12] Operational Challenges - The company reported a significant decline in net profit for the year-to-date period, down 42.61% due to decreased investment fair value and equity investment income[9] - The company experienced a decrease in gross profit margin for dye and intermediate businesses due to rising raw material costs[9] - Non-recurring losses for the reporting period included a loss of ¥365,381,828.51 related to ineffective hedging[7]