XIAC(SH:600897)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥277,917,964.15, representing a year-over-year increase of 1.31%[2] - The net profit attributable to shareholders for Q3 2022 was ¥15,371,672.01, a decrease of 16.89% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,435,903.71, down 67.17% year-over-year[2] - Basic earnings per share for Q3 2022 were ¥0.0516, down 16.91% year-over-year, while diluted earnings per share were also ¥0.0516, reflecting the same percentage decrease[2] - Net profit for Q3 2022 was CNY 36,385,152.37, down 80.2% from CNY 183,301,084.09 in Q3 2021[19] - Operating profit for Q3 2022 was CNY 57,714,755.42, a decline of 75.1% compared to CNY 231,542,799.00 in Q3 2021[18] - The total comprehensive income for Q3 2022 was CNY 36,385,152.37, significantly lower than CNY 183,301,084.09 in Q3 2021[19] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥74,373,225.58, reflecting a significant decline of 79.95%[2] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 74,373,225.58, a decrease of 80% from CNY 370,919,322.42 in the same period of 2021[23] - The net cash flow from investment activities was -194,882,672.89, an improvement from -425,390,988.48 in the previous period[24] - The total cash outflow from financing activities was 46,443,070.80, compared to 58,105,387.06 in the previous period[24] - The net increase in cash and cash equivalents was -166,952,518.11, worsening from -112,577,053.12 in the previous period[24] - The ending balance of cash and cash equivalents was 43,939,350.94, down from 171,118,342.76 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,837,837,584.84, a decrease of 1.57% from the end of the previous year[3] - Total current assets amounted to RMB 1,819,369,152.34, an increase from RMB 1,776,663,433.57 in the previous period[13] - Total non-current assets decreased to RMB 3,018,468,432.50 from RMB 3,144,708,430.94[14] - Total current liabilities were RMB 678,379,044.69, a decrease from RMB 737,921,184.22[14] - Total non-current liabilities decreased to RMB 73,234,542.56 from RMB 91,025,005.07[14] - Total liabilities as of Q3 2022 were CNY 751,613,587.25, down from CNY 828,946,189.29 in the previous quarter[15] - Total equity attributable to shareholders was CNY 3,818,839,191.65, slightly down from CNY 3,837,080,228.33 in the previous quarter[15] Shareholder Information - Total number of common shareholders at the end of the reporting period was 17,434[8] - The largest shareholder, Xiamen Xiangye Group Co., Ltd., holds 202,500,000 shares, accounting for 68.00% of total shares[8] Non-Recurring Items - Non-recurring gains and losses for Q3 2022 totaled ¥13,935,768.30, with a year-to-date total of ¥70,472,686.33[6] - The significant decline in net profit and cash flow was attributed to the impact of the pandemic, which led to decreased revenue and business volume[6] Management Focus - The company’s management indicated a focus on cost control and efficiency improvements in response to declining revenues[22] - The company has no significant new product or technology developments reported in the conference call[10]