HUAFANG COMPANY(SH:600448)2022-11-01 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,032,312,460.86, representing a year-on-year increase of 13.55%[6] - The net profit attributable to shareholders for Q3 2022 was CNY 656,158.86, a decrease of 80% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY 149,406.12, down 96.58% year-on-year[6] - Total operating revenue for the first three quarters of 2022 reached ¥2,860,373,335.77, an increase from ¥2,596,627,104.68 in the same period of 2021[21] - Net profit for the third quarter of 2022 was ¥3,420,181.16, down from ¥11,108,275.46 in the same quarter of 2021[23] - Net profit for the first three quarters of 2022 was ¥5,362,804.26, slightly down from ¥5,467,838.00 in 2021, indicating a decrease of about 1.92%[31] - The company’s total profit for the first three quarters of 2022 was ¥6,072,804.65, down from ¥6,432,750.59 in 2021, reflecting a decrease of about 5.61%[31] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,175,838,013.42, an increase of 8.4% from the end of the previous year[7] - Total assets as of Q3 2022 amounted to ¥4,175,838,013.42, up from ¥3,852,319,568.04 in the previous year[19] - Total assets as of September 30, 2022, amounted to CNY 4,198,235,455.11, up from CNY 3,842,436,121.57 at the end of 2021[28] - Current liabilities totaled ¥2,335,537,117.89 in Q3 2022, compared to ¥2,197,895,332.31 in Q3 2021, indicating an increase in short-term obligations[19] - Current liabilities totaled CNY 2,351,059,823.28 as of September 30, 2022, compared to CNY 2,183,079,772.65 in the previous year[29] - Total liabilities as of September 30, 2022, were CNY 2,830,560,073.98, compared to CNY 2,480,123,544.70 in the previous year[29] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 177,763,120.87, reflecting a decrease of 200.48%[7] - The company reported a decrease in cash received from operating activities, with a net cash inflow of -¥106.88 million compared to the previous year[16] - Operating cash inflow for the first three quarters of 2022 was CNY 3,161,537,437.32, a decrease of 2.84% compared to CNY 3,253,917,853.03 in the same period of 2021[25] - Net cash flow from operating activities in Q3 2022 was CNY 177,763,120.87, a significant improvement from a negative CNY 176,915,160.85 in Q3 2021[26] - Cash inflow from financing activities in Q3 2022 was CNY 1,269,957,317.91, an increase from CNY 1,130,587,019.17 in Q3 2021[26] - The net cash flow from financing activities for the first three quarters of 2022 was ¥127,250,503.47, compared to ¥211,220,173.84 in 2021, indicating a decrease of approximately 39.69%[33] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,800, indicating a stable shareholder base[13] - The largest shareholder, Binzhou Antai Holding Group Co., Ltd., holds 117.36 million shares, accounting for 18.63% of total shares[14] Costs and Expenses - Total operating costs for the first three quarters of 2022 were ¥2,862,664,734.87, compared to ¥2,585,341,698.50 in 2021, indicating a rise in costs[22] - Financial expenses for the first three quarters of 2022 were ¥39,224,775.12, compared to ¥31,147,882.55 in 2021, indicating an increase of approximately 25.92%[30] - Research and development expenses for the first three quarters of 2022 were ¥121,627,403.85, compared to ¥115,904,535.66 in the same period of 2021, showing an increase in investment in innovation[22] Inventory and Receivables - Accounts receivable rose to ¥454.90 million, up from ¥383.66 million year-over-year, indicating an increase of about 18.6%[16] - Inventory levels increased slightly to ¥1.00 billion compared to ¥989.52 million at the end of 2021, reflecting a growth of approximately 1.2%[16] - The company's inventory as of September 30, 2022, was CNY 899,711,293.62, slightly up from CNY 888,093,799.18 in the previous year[28] Government Support - The company received government subsidies amounting to CNY 490,952.32 during the reporting period[9]