CMST(SH:600787)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was approximately ¥19.75 billion, a decrease of 2.69% compared to ¥20.30 billion in the same period last year[7]. - Net profit attributable to shareholders was approximately ¥20.27 million, down 95.97% from ¥499.37 million year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥18.53 million, a decline of 90.99% compared to ¥205.58 million in the previous year[7]. - The basic earnings per share for Q3 2022 was ¥0.0094, a decrease of 95.94% from ¥0.2302 in the same period last year[9]. - The company reported a decrease in net profit attributable to shareholders of 29.80% for the year-to-date, primarily due to reduced asset disposal gains and poor performance in joint ventures[17]. - Net profit for Q3 2022 was ¥483.37 million, a decrease of 12.8% compared to ¥554.25 million in Q3 2021[36]. - The total comprehensive income attributable to the parent company was CNY 471,917,073.19, a decrease from CNY 730,000,332.05 in the previous period, representing a decline of approximately 35.4%[38]. - The basic earnings per share were CNY 0.2132, down from CNY 0.3037, representing a decline of approximately 29.7%[38]. - The company reported a total comprehensive income of CNY 493,902,116.86, down from CNY 625,128,360.84, a decrease of about 21.0%[38]. - The total comprehensive income for the first three quarters of 2022 was CNY 444,382,458.83, compared to CNY 627,483,668.90 in the same period of 2021, representing a decrease of approximately 29.1%[58]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥25.27 billion, an increase of 8.97% from ¥23.19 billion at the end of the previous year[11]. - Total current assets as of September 30, 2022, are ¥11,965,313,587.44, compared to ¥9,962,782,527.97 at the end of 2021, reflecting a growth of approximately 19.96%[28]. - The total non-current assets as of September 30, 2022, are ¥13,300,871,929.06, slightly up from ¥13,222,664,478.44 at the end of 2021[28]. - Total liabilities increased to ¥11.44 billion, up 14.8% from ¥9.96 billion year-over-year[31]. - The company's total liabilities rose to ¥7,888,903,831.11, compared to ¥7,447,561,269.32, indicating an increase of 5.9%[52]. Cash Flow - The net cash flow from operating activities for the year-to-date was approximately ¥1.11 billion, an increase of 123.77% compared to ¥496.78 million in the previous year[9]. - The net cash flow from operating activities increased to CNY 1,111,647,459.49, compared to CNY 496,780,544.40 in the same period last year, marking a growth of approximately 123.5%[42]. - The net cash flow from investing activities was negative at CNY -343,882,847.81, compared to CNY -504,621,484.61 in the previous year, showing an improvement of approximately 31.9%[45]. - The net cash flow from financing activities was CNY 403,687,165.05, down from CNY 546,175,356.15, reflecting a decrease of about 26.1%[45]. - The company's cash and cash equivalents as of September 30, 2022, amount to ¥3,835,155,225.42, an increase from ¥2,390,381,780.43 at the end of 2021[25]. - The total cash and cash equivalents at the end of the period amounted to CNY 3,307,165,311.44, an increase from CNY 1,878,242,343.68, indicating a growth of approximately 76.0%[45]. - The company's cash outflow for operating activities totaled CNY 66,337,336,655.77, compared to CNY 64,739,652,964.33 in the previous year, an increase of about 2.5%[42]. - Cash inflows from operating activities amounted to CNY 23,923,329,376.66, an increase of 14.4% from CNY 20,914,133,196.01 in the previous year[58]. - The net cash flow from operating activities was CNY 157,547,521.67, a significant improvement from a net outflow of CNY 767,016,129.63 in the same period of 2021[58]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 63,709[21]. - The largest shareholder, China Materials Storage and Transportation Group Co., Ltd., holds 1,006,185,716 shares, accounting for 45.94% of the total shares[21]. - The company's equity attributable to shareholders reached ¥12.83 billion, a slight increase from ¥12.74 billion[33]. - The total owner's equity reached ¥11,913,811,092.47, a slight increase from ¥11,809,708,812.42, reflecting a growth of 0.9%[52]. Operational Efficiency - The company has implemented effective measures to optimize operations, reduce procurement scale, and accelerate sales collection, contributing to improved cash flow[20]. - The company is actively responding to national policies supporting small and micro enterprises, which has led to a reduction in rental expenses and contributed to the decline in profits[20]. - Research and development expenses rose to ¥40.58 million, an increase of 42.7% from ¥28.43 million in the previous year[36]. - The company reported a decrease in research and development expenses, although specific figures were not provided, indicating a potential shift in focus or efficiency improvements[56]. - The company reported a decrease in interest expenses to ¥96.76 million from ¥161.13 million, reflecting a 40% reduction[36]. Future Outlook - Future outlook includes plans for market expansion and potential new product launches to drive revenue growth[36].