AJ GROUP(SH:600643)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥419,553,110.52, a decrease of 24.36% compared to the same period last year[6]. - The total operating income for the year-to-date period was ¥2,475,477,304.11, reflecting a decline of 27.74% year-on-year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥107,029,274.27, down 61.54% from the previous year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥130,515,479.56, a decrease of 51.85% year-on-year[9]. - The basic earnings per share for Q3 2022 was ¥0.066, representing a decline of 61.63% compared to the same period last year[9]. - The weighted average return on equity was 0.86%, a decrease of 1.43 percentage points year-on-year[9]. - The total profit for the current period is approximately ¥939.22 million, a decrease from ¥1,557.73 million in the previous period, reflecting a decline of about 39.5%[49]. - The net profit attributable to shareholders of the parent company is ¥666.24 million, down from ¥1,156.25 million, representing a decrease of approximately 42.4%[49]. - The total comprehensive income for the current period is ¥675.32 million, compared to ¥1,155.08 million in the previous period, indicating a decline of about 41.6%[51]. - Basic and diluted earnings per share are both ¥0.413, down from ¥0.713 in the previous period, reflecting a decrease of approximately 42.1%[51]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥1,418,322,605.36, an increase of 320.76% year-on-year[9]. - Cash inflows from operating activities totaled ¥5.85 billion, an increase from ¥4.61 billion, representing a growth of about 26.9%[51]. - The net cash flow from operating activities is ¥1.42 billion, significantly up from ¥337.09 million, indicating an increase of approximately 321.5%[54]. - Cash and cash equivalents at the end of the period are ¥1.70 billion, compared to ¥1.56 billion at the end of the previous period, showing an increase of about 9.2%[54]. - As of September 30, 2022, the company's total current assets amounted to CNY 11,775,456,976.16, a decrease of approximately 6.87% from CNY 12,642,422,233.87 at the end of 2021[37]. - The company's cash and cash equivalents decreased to CNY 1,721,313,370.41 from CNY 1,864,271,805.73, reflecting a decline of about 7.65%[37]. - The company's trading financial assets decreased to CNY 1,865,451,938.80 from CNY 2,001,940,338.00, representing a decrease of approximately 6.81%[37]. - The total assets at the end of the reporting period were ¥26,855,627,569.97, a decrease of 0.72% from the end of the previous year[9]. - Total assets decreased from CNY 11,675,281,165.36 in Q3 2021 to CNY 11,566,973,476.09 in Q3 2022, a decline of approximately 0.93%[64]. - Current assets increased significantly from CNY 878,592,220.26 in Q3 2021 to CNY 1,353,809,734.95 in Q3 2022, representing a growth of about 54%[64]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 61,550[21]. - The largest shareholder, Shanghai Junyao (Group) Co., Ltd., holds 483,333,355 shares, accounting for 29.80% of the total shares[21]. - The second-largest shareholder, Shanghai Industrial Patriotic Construction Special Fund, holds 176,740,498 shares, representing 10.90%[21]. - The company has a total of 9,750,174 shares repurchased, accounting for 0.60% of the total shares[22]. - The company has not disclosed any other related party relationships among the top shareholders[22]. Investment and Future Plans - The company plans to establish a new RMB fund, with a scale not exceeding RMB 1.2 billion, focusing on new generation information technology, healthcare, and new energy sectors[27]. - The company has approved an investment of up to RMB 300 million in the new fund, with management team participation of up to RMB 43.5 million[27]. - The company has established a comprehensive financial platform to enhance its equity investment layout and overall value[27]. - The company’s management team has been incentivized to deepen long-term motivation and constraint mechanisms[27]. Operational Challenges - The company attributed the decline in revenue and profit to the impact of the pandemic and regulatory constraints on the real estate sector[17]. - The company reported significant losses in stock investments, contributing to the decrease in net profit[17]. - The company is actively pursuing the recovery of debts and has reported ongoing litigation related to various receivables[31]. Expenses and Liabilities - Total operating costs for the third quarter were CNY 1,423,774,233.51, a decrease of 31.6% from CNY 2,078,121,418.12[45]. - Research and development expenses increased to CNY 5,783,270.94 from CNY 3,214,905.45, reflecting an increase of 79.7%[45]. - Total liabilities decreased to CNY 13,987,593,009.30 from CNY 14,662,416,596.18, indicating a reduction of approximately 4.6%[42]. - Total liabilities decreased from CNY 4,102,572,847.28 in Q3 2021 to CNY 3,402,401,418.86 in Q3 2022, a reduction of approximately 17.1%[62]. - The company reported a tax expense of ¥273.68 million, down from ¥401.37 million, reflecting a decrease of approximately 31.8%[49].