SMEG(SH:600689)2022-10-30 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 336,171,551.27, representing a year-on-year increase of 54.63%[3] - The net profit attributable to shareholders for Q3 2022 was CNY 1,721,702.59, a decrease of 26.80% compared to the same period last year[3] - The basic earnings per share for Q3 2022 was CNY 0.009, down 25.00% year-on-year[3] - Total operating revenue for the first three quarters of 2022 reached ¥713,409,480.29, a 28.8% increase from ¥554,039,241.70 in the same period of 2021[16] - Net profit for the first three quarters of 2022 was ¥1,985,377.60, a significant decrease of 78.4% compared to ¥9,184,042.66 in 2021[16] - Basic and diluted earnings per share for the first three quarters of 2022 were both ¥0.010, down from ¥0.046 in the same period of 2021[17] - Net profit for the third quarter was CNY 3,766,360.31, down from CNY 13,428,977.88, indicating a decline of approximately 72% year-over-year[26] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -4,056,299.33, indicating a negative cash flow situation[3] - The net cash flow from operating activities for the first three quarters of 2022 was -¥4,056,299.33, an improvement from -¥5,929,461.37 in the same period of 2021[20] - The company reported a net cash flow from operating activities of CNY 118,635,630.51, an increase from CNY 112,438,427.67 in the previous year[28] - The net cash flow from financing activities was -57,253,342.49, a decrease from -76,660,377.96 in the previous period[29] Assets and Liabilities - The total assets at the end of the reporting period were CNY 774,722,878.76, reflecting a slight increase of 0.59% from the end of the previous year[4] - The company's total liabilities stood at ¥334,503,124.75, a slight increase from ¥331,933,111.99 in the previous year[14] - The total liabilities amounted to CNY 165,841,478.85, significantly higher than CNY 47,532,425.60, reflecting a substantial increase in financial obligations[23] - The company's current assets totaled ¥575,865,536.00, which is an increase from ¥565,612,785.14 in the previous year[13] - The total equity attributable to shareholders increased to ¥440,485,371.19 from ¥438,500,500.10, reflecting a growth of approximately 0.5%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,685[7] - The largest shareholder, Chongqing Light Textile Holdings (Group) Co., held 52,158,943 shares, accounting for 25.95% of the total shares[8] Operational Changes - The company provided rent reductions to eligible tenants, impacting the net profit significantly[6] - The company plans to apply for a retrial regarding the land lease contract dispute, which may impact future operations[10] Investment and Expenses - The company experienced a decrease in investment income, reporting ¥4,897,757.18 for the first three quarters of 2022, down from ¥5,890,953.18 in 2021[16] - The company’s management expenses decreased to CNY 7,071,550.17 from CNY 9,175,005.96, showing a reduction of approximately 22.9%[26] - The company's total cash outflow from investing activities was ¥779,142,353.26, significantly higher than ¥204,594,347.61 in the same period of 2021[20] Inventory and Receivables - The company’s accounts receivable decreased to ¥70,097,115.24 from ¥142,553,304.42, representing a decline of approximately 50.9%[13] - The company’s inventory increased to ¥1,726,741.64 from ¥961,643.19, indicating an increase of approximately 79.5%[13] - The company’s long-term equity investments decreased to CNY 196,212,952.17 from CNY 202,027,923.84, reflecting a decline of approximately 2.9%[22] Cash and Cash Equivalents - The cash and cash equivalents decreased to ¥102,083,902.12 from ¥289,094,398.63, indicating a significant reduction of approximately 64.7%[13] - Cash and cash equivalents at the end of September 2022 totaled ¥101,761,202.12, compared to ¥89,600,683.01 at the end of September 2021[20] - The cash and cash equivalents at the beginning of the period were 125,868,138.82, compared to 127,275,123.24 previously[29] - The cash and cash equivalents at the end of the period were 68,614,796.33, up from 50,614,745.28 in the previous period[29] Non-Recurring Items - Non-recurring gains and losses for Q3 2022 totaled CNY 987,964.09, down from CNY 2,746,857.46 in the previous year[6] - The impact of exchange rate changes on cash and cash equivalents was -4.22[29] - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[29]