FSSS(SH:600399)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,921,985,051.28, representing a year-over-year increase of 6.78%[5] - The net profit attributable to shareholders for Q3 2022 was ¥115,747,243.54, a decrease of 54.42% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥102,381,346.21, down 53.97% year-over-year[5] - The basic earnings per share for Q3 2022 was ¥0.0587, reflecting a decline of 54.43% compared to the previous year[8] - Total operating revenue for the first three quarters of 2022 was CNY 5,737,388,135.49, an increase from CNY 5,568,845,223.27 in the same period of 2021, representing a growth of approximately 3.04%[30] - Net profit for the first three quarters of 2022 reached CNY 299,026,991.19, compared to CNY 685,135,278.18 in the same period of 2021, reflecting a decrease of approximately 56.36%[30] - The net profit attributable to shareholders of the parent company for the first three quarters of 2022 was approximately ¥299 million, a decrease from ¥685 million in the same period of 2021, representing a decline of about 56.4%[32] - The basic and diluted earnings per share for the first three quarters of 2022 were both ¥0.1516, down from ¥0.3474 in the same period of 2021, indicating a decrease of approximately 56.4%[32] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥11,205,932,058.74, an increase of 9.61% from the end of the previous year[8] - The total assets as of the end of the reporting period were CNY 11,205,932,058.74, up from CNY 10,223,592,341.25 at the end of the previous year, representing an increase of approximately 9.65%[26] - Total liabilities increased to CNY 5,047,866,583.04 from CNY 4,364,608,307.59, marking a rise of about 15.67%[26] - Non-current liabilities totaled CNY 2,823,591,507.02, compared to CNY 2,723,742,311.93 in the previous year, indicating an increase of approximately 3.68%[26] - The company's equity attributable to shareholders reached CNY 6,158,065,475.70, up from CNY 5,858,984,033.66, reflecting an increase of about 5.10%[26] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥355,528,620.37, showing a significant increase of 870.99%[5] - Cash inflow from operating activities for the first three quarters of 2022 was approximately ¥5.61 billion, compared to ¥4.43 billion in the same period of 2021, reflecting an increase of about 26.6%[36] - Cash outflow from operating activities totaled approximately ¥5.25 billion in the first three quarters of 2022, compared to ¥4.39 billion in the same period of 2021, resulting in a net cash flow from operating activities of approximately ¥355 million, up from ¥36.6 million in 2021[36] - The total cash and cash equivalents at the end of the reporting period was approximately ¥1.28 billion, an increase from ¥376 million at the end of the same period in 2021[38] Shareholder Information - The total number of common shareholders at the end of the reporting period was 58,748[11] - The largest shareholder, Northeast Special Steel Group Co., Ltd., held 29.25% of the shares, with a total of 576,876,444 shares[11] Legal and Compliance Issues - The company has ongoing litigation with Jilin Bank involving a guarantee of RMB 300 million, with a court ruling confirming a bankruptcy claim of RMB 246,606,047.74 against the company[18] - The company is facing potential liabilities from 3,604 lawsuits related to information disclosure violations, with a total claim amount of RMB 265,350,800[18] - The company has paid RMB 104,809,900 in compensation to 3,524 plaintiffs as of the report date, with ongoing payments expected[18] - The company has not made provisions for the potential liabilities from the lawsuits as the first-instance judgment is under appeal[18] Operational Challenges - The company reported a decrease in gross profit due to rising raw material and energy prices, as well as market downturns[10] - The company reported a decrease in trading financial assets from RMB 937,958,312.31 to RMB 676,031,070.75, a decline of approximately 28%[21] - The accounts receivable decreased from RMB 345,460,586.43 to RMB 317,901,460.03, a reduction of about 8%[21] - Inventory levels increased to RMB 2,562,316,635.97 from RMB 2,187,389,708.83, representing a rise of approximately 17%[21] Research and Development - Research and development expenses for the first three quarters of 2022 amounted to CNY 286,084,948.61, compared to CNY 254,129,707.68 in 2021, showing an increase of about 12.55%[30] - The company plans to continue investing in R&D to enhance product offerings and maintain competitive advantage in the market[30] - The company has not disclosed any new product developments or market expansion strategies in the current report[18] - The company has not disclosed any new product developments or market expansion strategies in the provided financial report[32]