FUDAN FORWARD(SH:600624)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 201,496,488.35, a decrease of 28.89% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 426,466.64, down 95.00% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -1,009,402.76, a decline of 114.06% compared to the previous year[5] - The basic earnings per share for Q3 2022 was CNY 0.0006, a decrease of 95.16% year-on-year[6] - The net profit attributable to shareholders for the year-to-date decreased by 74.35%, primarily due to reduced profits from subsidiaries and the impact of pandemic-related rent reductions[10] - The company reported a significant decline in both basic and diluted earnings per share for the year-to-date, both down 74.29%[10] - Net profit for the first three quarters of 2022 was CNY 6,658,207.83, a decline of 67.6% compared to CNY 20,593,042.19 in 2021[24] - In Q3 2022, the company reported a total comprehensive income of -5,384,064.21 CNY, compared to 14,890,050.87 CNY in the same period of 2021, indicating a significant decline[25] - Basic and diluted earnings per share for Q3 2022 were both 0.0063 CNY, down from 0.0245 CNY in Q3 2021, reflecting a decrease of approximately 74.6%[25] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was CNY 4,565,583.87, down 96.49% compared to the same period last year[6] - Cash flow from operating activities for the first three quarters of 2022 was 683,392,252.08 CNY, a decrease of 18.8% from 841,264,377.12 CNY in the same period of 2021[27] - The net cash flow from operating activities in Q3 2022 was 4,565,583.87 CNY, a sharp decline of 96.5% compared to 130,182,845.33 CNY in Q3 2021[28] - The company experienced a net cash outflow from investing activities of -2,381,565.16 CNY in the first three quarters of 2022, an improvement from -23,538,447.80 CNY in the same period of 2021[28] - Cash flow from financing activities generated a net inflow of 11,779,941.92 CNY in Q3 2022, contrasting with a net outflow of -44,779,674.87 CNY in Q3 2021[28] - The company's cash and cash equivalents at the end of Q3 2022 stood at 316,519,347.61 CNY, down from 365,435,943.49 CNY at the end of Q3 2021[29] - The company received 24,010,000.00 CNY from investments in Q3 2022, a significant increase from 490,000.00 CNY in the same period of 2021[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,910,543,058.60, a slight decrease of 0.30% from the end of the previous year[6] - The company's total assets as of the end of Q3 2022 amounted to CNY 1,910,543,058.60, slightly down from CNY 1,916,227,337.20 at the end of Q2 2022[20] - Total liabilities decreased to CNY 919,138,602.05 in Q3 2022 from CNY 916,852,578.05 in Q2 2022[20] - The company's total equity as of Q3 2022 was CNY 991,404,456.55, a slight decrease from CNY 999,374,759.15 in Q2 2022[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 66,671[13] - The largest shareholder, Shanghai Fengxian Investment (Group) Co., Ltd., holds 128,338,600 shares, accounting for 18.74% of total shares[13] - The company has no significant related party transactions among its top shareholders, ensuring independent shareholder actions[14] Operational Metrics - Total operating revenue for the first three quarters of 2022 was CNY 575,766,512.97, a decrease of 26.2% compared to CNY 779,807,392.75 in the same period of 2021[23] - Total operating costs for the first three quarters of 2022 were CNY 571,969,660.61, down 21.0% from CNY 724,746,800.15 in the previous year[23] - Research and development expenses for the first three quarters of 2022 were CNY 30,484,236.59, down from CNY 38,353,919.27 in the same period of 2021[23] - The company reported a decrease in sales expenses to CNY 123,772,518.95 in 2022 from CNY 176,212,129.75 in 2021[23] - The company recorded a loss in investment income of CNY 179,340.80 for the first three quarters of 2022, compared to a loss of CNY 1,613,605.50 in the same period of 2021[23] Audit and Project Management - The company has established a working group to address audit issues raised by the accounting firm regarding project settlement discrepancies[15] - The final project settlement price reached RMB 744 million, with significant cost increases attributed to various factors including labor and material price hikes[15] - The company has taken measures to actively engage with contractors to resolve outstanding audit confirmations[16]