SANAN(SH:600703)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥3,249,794,096.49, representing a decrease of 4.90% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was ¥54,911,511.70, down 86.36% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥106,936,012.73, a decline of 134.73% compared to the same period last year[4]. - Basic earnings per share for Q3 2022 were ¥0.01, down 88.89% compared to the same period last year[4]. - The total operating revenue for the first three quarters of 2022 reached ¥10,012,018,736.05, an increase of 5.0% compared to ¥9,531,583,539.63 in the same period of 2021[14]. - The net profit attributable to shareholders of the parent company for the first three quarters of 2022 was ¥986,761,151.88, a decrease of 23.3% from ¥1,286,050,623.24 in the same period of 2021[17]. - The company's total equity attributable to shareholders of the parent company was ¥30,354,512,047.73 as of Q3 2022, slightly down from ¥30,454,423,426.63 in Q3 2021[17]. - The earnings per share for the first three quarters of 2022 were ¥0.22, compared to ¥0.29 in the same period of 2021, reflecting a decrease of 24.1%[18]. - The company reported a total comprehensive income of ¥1,018,285,071.78 for the first three quarters of 2022, down from ¥1,273,239,869.50 in 2021, indicating a decline of 20.0%[18]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥403,603,654.78, a decrease of 68.22% year-on-year[4]. - The cash flow from operating activities for the first three quarters of 2022 was ¥7,692,799,899.55, compared to ¥6,523,787,375.65 in 2021, indicating an increase of 17.9%[20]. - Operating cash inflow totaled CNY 9,617,214,403.95, an increase from CNY 8,275,779,653.05 in the previous year, reflecting a growth of approximately 16.2%[22]. - The company reported a net cash decrease of CNY -244,880,641.02, an improvement from CNY -2,873,454,300.06 in the same quarter last year[23]. - The ending balance of cash and cash equivalents was CNY 1,424,928,881.65, down from CNY 3,641,687,001.32 year-over-year[23]. - The total assets at the end of the reporting period were ¥51,421,921,545.04, an increase of 8.21% from the end of the previous year[4]. - The company's current assets totaled RMB 15.32 billion, up from RMB 14.98 billion year-over-year, indicating a growth of about 2.27%[11]. - The cash and cash equivalents decreased to RMB 2.67 billion from RMB 3.29 billion, reflecting a decline of approximately 18.83%[11]. - Accounts receivable increased to RMB 3.08 billion, compared to RMB 2.48 billion in the previous year, marking a rise of about 24.14%[11]. - Inventory levels rose significantly to RMB 5.93 billion from RMB 4.62 billion, which is an increase of approximately 28.43%[11]. - The company's long-term equity investments rose to RMB 479.61 million from RMB 398.79 million, indicating an increase of about 20.25%[12]. - The company reported a total non-current asset value of RMB 36.10 billion, up from RMB 32.54 billion, which is an increase of approximately 10.00%[12]. Liabilities and Expenses - The company's total liabilities increased to ¥21,067,409,497.31 in Q3 2022, compared to ¥17,067,131,643.72 in Q3 2021, marking a growth of 23.4%[17]. - Total current liabilities increased to RMB 12.57 billion from RMB 8.66 billion, reflecting a growth of approximately 45.00%[12]. - The company experienced an increase in financial expenses due to higher borrowing amounts as operational funding needs grew[6]. - Short-term borrowings surged to RMB 4.13 billion, up from RMB 2.31 billion, representing an increase of about 78.66%[12]. - The deferred income tax liabilities increased to ¥3,006,360.97 in Q3 2022 from ¥1,265,111.51 in Q3 2021, showing a significant rise of 137.5%[17]. - The company paid CNY 1,916,513,895.46 to employees, an increase from CNY 1,405,381,678.29, reflecting a growth of about 36.4%[22]. Non-Recurring Gains and Market Conditions - The company reported non-recurring gains of ¥161,847,524.43 for the current period, with government subsidies contributing ¥168,090,727.69[5]. - The decline in net profit was primarily due to the impact of recurring COVID-19 outbreaks and a shrinking consumer market demand[6]. - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[9]. Investment Activities - Net cash outflow from investing activities was CNY -3,302,785,505.24, compared to CNY -6,408,162,651.87 in the same period last year, indicating a significant reduction in cash outflow by about 48.6%[22]. - Total cash outflow for investment activities was CNY 3,371,759,410.75, a decrease from CNY 6,409,908,365.52 in the previous year, indicating a reduction of approximately 47.4%[22]. - Cash received from investment income was CNY 24,058,284.24, with cash recovered from the disposal of fixed assets totaling CNY 44,915,621.27[22].