SHSTC(SH:600620)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 3,238,140.66, a decrease of 70.50% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was CNY 2,877,423.52, while the year-to-date net profit was CNY -30,960,129.39, reflecting a decline of 118.22% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was CNY 46,645,124.04, a decrease of 60.20% year-to-date compared to the previous year[7]. - The basic and diluted earnings per share for Q3 2022 were both CNY 0.0042, while the year-to-date figures were CNY -0.0451, a decline of 118.22%[9]. - Net profit for the third quarter of 2022 was a loss of CNY 32,268,412.92, compared to a profit of CNY 169,181,662.72 in the same quarter of 2021[41]. - The company reported a total comprehensive loss of CNY 302,191,581.30 for the third quarter of 2022, compared to a loss of CNY 48,933,461.76 in the same quarter of 2021[42]. Assets and Liabilities - The total assets at the end of Q3 2022 were CNY 2,581,073,835.84, a decrease of 5.50% compared to the end of the previous year[9]. - The equity attributable to shareholders at the end of Q3 2022 was CNY 1,862,873,944.88, down 15.35% from the end of the previous year[9]. - The total liabilities decreased from 1,200,000,000 RMB to 1,100,000,000 RMB, indicating a reduction of approximately 8.3%[32]. - The total liabilities increased to CNY 585,497,665.48 in 2022 from CNY 396,620,534.12 in 2021, representing a growth of 47.5%[36]. - The total equity attributable to shareholders decreased to CNY 1,862,873,944.88 in 2022 from CNY 2,200,598,853.33 in 2021, a decline of 15.36%[36]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -267,344,941.28, indicating a significant cash outflow[9]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 6,434,067.27, significantly lower than CNY 34,538,138.05 in the previous year[43]. - Net cash flow from operating activities was -$267.34 million, compared to -$162.54 million in the previous period, indicating a decline in operational efficiency[47]. - Total cash inflow from investment activities was $138.16 million, down from $284.46 million, reflecting reduced investment returns[47]. - Cash outflow from investment activities increased to $153.14 million from $100.24 million, leading to a net cash flow from investment activities of -$14.98 million, a significant drop from $184.22 million[47]. - Cash inflow from financing activities totaled $296.05 million, a substantial increase from $42.85 million, indicating strong capital raising efforts[49]. - Net cash flow from financing activities was $252.62 million, compared to $8.35 million in the previous period, showing improved financial leverage[49]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,137[21]. - The largest shareholder, Shanghai Zhongsheng Hongqiao Enterprise Management Co., Ltd., holds 172,225,164 shares, accounting for 25.08% of the total shares[21]. - The company has no pledged, marked, or frozen shares among the top ten shareholders[21]. Operational Challenges - The decline in operating revenue was attributed to policy impacts and the pandemic, with a year-to-date decrease of 73.24% due to lease terminations and rent reductions[17]. - The company's cash and cash equivalents decreased from 193,415,072.33 RMB at the end of 2021 to 163,708,006.63 RMB as of September 30, 2022, representing a decline of approximately 15.4%[28]. - Cash paid to employees increased to $34.27 million from $26.61 million, reflecting higher labor costs[47]. - Cash paid for taxes rose significantly to $10.84 million from $3.98 million, indicating increased tax liabilities[47]. Asset Composition - The total current assets increased from 1,148,775,558.20 RMB at the end of 2021 to 1,325,943,193.38 RMB as of September 30, 2022, reflecting an increase of about 15.4%[28]. - Non-current assets decreased from 1,582,454,338.26 RMB at the end of 2021 to 1,255,130,642.46 RMB as of September 30, 2022, indicating a decline of approximately 20.6%[32]. - Accounts receivable increased from 3,225,858.32 RMB at the end of 2021 to 4,006,144.13 RMB as of September 30, 2022, showing an increase of approximately 24.2%[28]. - Inventory increased significantly from 759,381,739.23 RMB at the end of 2021 to 994,257,829.15 RMB as of September 30, 2022, reflecting an increase of about 30.9%[28].