GMTC(SH:600898)2023-06-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥23,230,463.09, a decrease of 70.89% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥15,033,792.13 for the quarter, with a year-to-date loss of ¥40,195,104.47[3]. - The basic earnings per share for the quarter was -¥0.0527, reflecting an increase in losses[3]. - The weighted average return on net assets was -19.43% for the quarter, down from -44.69% year-to-date[3]. - The net loss for the first three quarters of 2022 was CNY 47,896,853.35, compared to a net loss of CNY 24,456,036.60 in the same period of 2021[14]. - In Q3 2022, the company reported a net loss attributable to shareholders of RMB -40,387,954.49, compared to a loss of RMB -18,693,395.41 in Q3 2021, indicating a significant decline in performance[15]. - The company's basic and diluted earnings per share for Q3 2022 were both RMB -0.1408, worsening from RMB -0.0715 in the same period last year[15]. - The total comprehensive income for Q3 2022 was RMB -48,274,990.66, compared to RMB -24,102,189.71 in Q3 2021, reflecting a worsening financial position[15]. Revenue and Costs - Total revenue for the first three quarters of 2022 was CNY 102,540,079.20, a decrease of 39.0% compared to CNY 168,258,076.99 in the same period of 2021[14]. - Total operating costs for the first three quarters of 2022 amounted to CNY 144,437,220.76, down 28.5% from CNY 201,877,355.08 in 2021[14]. - The decline in revenue was attributed to reduced manufacturing orders due to the pandemic and a restructuring of low-margin customer relationships[5]. Assets and Liabilities - The total assets decreased by 20.27% from the end of the previous year, amounting to ¥479,735,451.29[4]. - The equity attributable to shareholders decreased by 36.70% to ¥69,647,562.56[4]. - Cash and cash equivalents decreased to CNY 54,988,045.22 as of September 30, 2022, from CNY 149,371,048.47 at the end of 2021, representing a decline of 63.2%[11]. - Accounts receivable increased to CNY 132,371,073.02 as of September 30, 2022, up 37.4% from CNY 96,341,059.52 at the end of 2021[11]. - Total current assets decreased to CNY 244,201,862.72, down 26.0% from CNY 329,071,451.57 at the end of 2021[11]. - Total liabilities decreased to CNY 334,010,019.37 as of September 30, 2022, down 17.9% from CNY 407,682,434.00 at the end of 2021[12]. - The company's total assets were CNY 479,735,451.29 as of September 30, 2022, a decrease of 20.2% from CNY 601,682,856.58 at the end of 2021[12]. Cash Flow - The company reported a net cash flow from operating activities of -¥43,743,199.43 year-to-date[3]. - For the first nine months of 2022, cash inflows from operating activities totaled RMB 194,726,162.16, a slight increase from RMB 175,303,262.65 in the same period of 2021[18]. - Cash outflows from operating activities reached RMB 238,469,361.59, significantly lower than RMB 582,848,687.23 in the previous year, resulting in a net cash flow from operating activities of RMB -43,743,199.43[18]. - The company recorded a net cash flow from investing activities of RMB -18,685,072.49, a decrease from RMB 116,279,182.52 in the first nine months of 2021[18]. - Cash inflows from financing activities were RMB 125,400,000.00, compared to RMB 288,709,242.77 in the same period last year, indicating a reduction in financing[18]. - The company’s cash and cash equivalents at the end of Q3 2022 stood at RMB 42,089,329.65, down from RMB 132,754,396.39 at the end of Q3 2021[18]. - The company received RMB 61,944.62 in tax refunds during the first nine months of 2022, while other cash received related to operating activities increased to RMB 45,876,079.11 from RMB 6,727,954.81 in the previous year[18]. - The company experienced a foreign exchange loss of RMB -52,623.13, which impacted the overall cash position[18]. Shareholder Information - The top shareholder, Shandong Longqi Island Construction Co., Ltd., holds 29.20% of the shares, totaling 83,336,631 shares[8]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 5,110,389.78, a decrease of 22.5% compared to CNY 6,592,238.61 in the same period of 2021[14].