SXN(SH:600661)2022-10-28 16:00Financial Performance - The company's operating revenue for the third quarter was ¥198,893,545.96, a decrease of 53.93% compared to the same period last year[8]. - The net profit attributable to shareholders for the third quarter was ¥104,908,041.10, with a year-to-date net profit of ¥168,131,543.96, reflecting a 6.86% increase year-on-year[8]. - The basic earnings per share for the third quarter was ¥0.4069, a significant increase of 1,002.22% compared to the same period last year[8]. - Total operating revenue for the first three quarters of 2022 was ¥545,672,450.32, a decrease of 59.0% compared to ¥1,333,355,535.57 in the same period of 2021[27]. - Net profit for the first three quarters of 2022 was ¥165,883,533.63, compared to ¥180,188,172.73 in the same period of 2021, reflecting a decrease of 7.3%[28]. - The company's total comprehensive income for the first three quarters of 2022 was ¥176,015,154.73, slightly down from ¥180,352,686.59 in the same period of 2021[29]. - The total operating profit for Q3 2022 was approximately ¥204.07 million, compared to ¥34.50 million in the same period last year, indicating a significant increase[44]. - The net profit for Q3 2022 reached ¥204.64 million, a substantial rise from ¥34.50 million year-over-year[44]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,191,421,492.49, a decrease of 19.72% from the previous year[8]. - The company's total assets as of September 30, 2022, were ¥2,093,585,697.22, slightly up from ¥2,025,616,505.30 at the end of 2021[39]. - The company's total liabilities as of September 30, 2022, were RMB 692,262,229.00, down from RMB 1,102,989,974.02 at the end of 2021[23]. - Total liabilities amounted to ¥797,232,812.42, a decrease from ¥1,269,791,463.29 in the previous year[24]. - The total liabilities decreased to ¥1,301,486,526.63 from ¥1,448,285,971.13 year-over-year[41]. Shareholder Information - The equity attributable to shareholders increased by 104.07% to ¥349,558,006.70 compared to the end of the previous year[8]. - The company has a total of 22,414 common shareholders at the end of the reporting period[14]. - As of September 30, 2022, Shanghai Changjia Investment Co., Ltd. and its concerted parties held a total of 50,705,504 shares, accounting for 17.70% of the company's total equity[16]. - As of September 30, 2022, CICC Investment Group Co., Ltd. and its concerted parties held a total of 68,156,380 shares, representing 23.79% of the company's total equity[17]. - Total equity attributable to shareholders was ¥349,558,006.70, compared to ¥171,294,841.64 in the same period of 2021, showing an increase of 104.0%[24]. Cash Flow - The company reported a net cash flow from operating activities of -¥285,199,311.37 year-to-date, indicating challenges in cash generation[8]. - Cash inflow from operating activities was ¥591,639,699.81, down 49.3% from ¥1,166,592,706.15 in the previous year[32]. - The net cash flow from operating activities for the first nine months of 2022 was negative at approximately -¥79.13 million, an improvement from -¥127.31 million in the same period of 2021[46]. - The cash inflow from investment activities for the first nine months of 2022 was approximately ¥312.34 million, compared to a cash outflow of -¥141.30 million in the same period last year[47]. - The cash flow from financing activities for the first nine months of 2022 was negative at -¥353.73 million, a decrease from a positive cash flow of ¥137.67 million in the same period of 2021[47]. Investment and Expenses - The company reported an investment income of ¥248,501,246.51, significantly higher than ¥105,544,818.80 in the previous year, marking an increase of 134.0%[28]. - Research and development expenses increased to ¥11,976,643.16 in 2022 from ¥7,353,911.18 in 2021, representing a rise of 63.0%[28]. - The company recorded a total of ¥10.13 million in other comprehensive income for Q3 2022[44]. - The company reported a significant investment income of ¥248,598,167.71 for the first three quarters of 2022, up from ¥32,455,453.57 in the same period of 2021[43]. Challenges and Market Conditions - The decline in operating revenue was primarily attributed to the "double reduction" policy and the impact of the COVID-19 pandemic in Shanghai[11]. - The company plans to reduce its shareholding by up to 2% within six months, as announced by Shanghai Jiao Tong University Industry Investment Management Group Co., Ltd. and Shanghai Jiao Tong University Enterprise Management Center[18].