JINGCHENG MAC(SH:600860)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥400,494,865.43, representing a year-on-year increase of 22.87%[7] - The net profit attributable to shareholders for the same period was ¥10,143,425.27, with a year-to-date net profit of ¥20,720,422.69[7] - The basic earnings per share for Q3 2022 was ¥0.02, while the diluted earnings per share was ¥0.01[10] - Net profit for the third quarter was ¥21,374,621.44, compared to a net loss of ¥13,367,222.75 in the same period last year, marking a significant turnaround[36] - The comprehensive income totalled ¥23,340,994.15, compared to a loss of ¥13,682,744.03 in the previous year, indicating a positive shift[37] - Basic earnings per share improved to ¥0.04 from a loss of ¥0.01, showcasing a recovery in profitability[37] Assets and Liabilities - The total assets at the end of the reporting period reached ¥2,525,737,950.38, reflecting a 61.03% increase compared to the end of the previous year[10] - The equity attributable to shareholders increased by 57.48% year-on-year, amounting to ¥1,067,143,453.54[10] - Total liabilities rose to ¥1,121,547,838.35 from ¥607,036,710.16, an increase of about 84.6%[31] - The company's total current assets reached CNY 1,221,230,984.91, a significant increase from CNY 707,129,818.70 on December 31, 2021, representing a growth of approximately 72.5%[28] - The company's non-current assets totaled CNY 1,304,506,965.47 as of September 30, 2022, compared to CNY 861,318,938.80 at the end of 2021, marking an increase of about 51.5%[28] Cash Flow - The cash flow from operating activities showed a net outflow of ¥24,747,496.49 for Q3 2022, with a year-to-date outflow of ¥43,663,087.68[10] - The cash inflow from operating activities for the first nine months of 2022 was CNY 1,047,829,695.65, an increase of 15.6% compared to CNY 906,333,784.42 in the same period of 2021[40] - The net cash flow from operating activities was -CNY 43,663,087.68, worsening from -CNY 34,095,893.23 year-over-year[40] - The cash inflow from investing activities was CNY 104,651,207.17, significantly higher than CNY 39,967,533.41 in the previous year[42] - The net cash flow from investing activities improved to CNY 35,051,073.81, compared to -CNY 56,039,407.34 in the same period last year[42] - The cash inflow from financing activities totaled CNY 365,025,217.40, a substantial increase from CNY 50,000,000.00 in the previous year[42] - The net cash flow from financing activities was CNY 251,521,532.76, recovering from -CNY 93,218,485.56 year-over-year[42] Investments and Acquisitions - The company completed the acquisition of 80% equity in Qingdao Beiyang Tianqing Data Technology Co., Ltd., with the transaction approved by the China Securities Regulatory Commission on March 24, 2022[24] - The increase in total assets and equity was primarily due to the consolidation of Beiyang Tianqing and Jingcheng Haitong into the company's financial statements[16] - The company has raised funds through the issuance of shares to four investors, including Nanhua Fund Management Co., Ltd., to support its acquisition strategy[24] - The company's total liabilities and equity structure will be closely monitored following the completion of the acquisition to ensure financial stability[24] Operational Metrics - The weighted average return on equity for Q3 2022 was 1.41%, an increase of 2.23 percentage points compared to the previous year[10] - Research and development expenses increased to ¥32,554,642.66 from ¥15,130,233.62, reflecting a rise of approximately 115%[36] - Operating costs for the first three quarters were ¥1,030,059,655.22, up from ¥868,410,799.35, reflecting an increase of about 18.6%[33] - The company reported a significant increase in investment income to ¥15,715,373.77 from ¥6,548,804.11, representing a growth of approximately 139%[36] Shareholder Information - The company had a total of 54,130 common shareholders at the end of the reporting period[17] - The company's goodwill stood at CNY 168,996,039.10, reflecting the impact of recent acquisitions on its asset base[28]