Financial Performance - The company's operating revenue for Q3 2022 was CNY 222,453,398, representing an increase of 32.14% compared to CNY 168,381,478 in the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was CNY 23,368,320, a decrease of 44.31% from CNY 42,019,591 in the same period last year[7]. - The basic earnings per share for Q3 2022 was CNY 0.0697, down 43.97% from CNY 0.1244 in the same period last year[7]. - Total revenue for the first three quarters of 2022 reached ¥654,903,787.73, an increase of 5.5% compared to ¥619,200,282.69 in the same period of 2021[25]. - Net profit for the first three quarters of 2022 was ¥64,481,663.39, slightly up from ¥63,655,536.96 in 2021, indicating a growth of 1.3%[26]. - The net profit attributable to the parent company shareholders for Q3 2022 was ¥64,606,114.55, an increase from ¥63,879,843.46 in Q3 2021, reflecting a growth of approximately 1.14%[27]. - Net profit for Q3 2022 was a loss of ¥10,254,870.73, worsening from a loss of ¥5,799,384.34 in Q3 2021, indicating a decline of approximately 76.5%[35]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,726,191,537.76, an increase of 16.77% compared to CNY 1,478,339,000.77 at the end of the previous year[7]. - Current assets as of September 30, 2022, totaled ¥1,258,039,850.13, compared to ¥1,085,102,067.45 at the end of 2021, representing an increase of 15.9%[22]. - Non-current assets increased to ¥468,151,687.63 as of September 30, 2022, from ¥393,236,933.32 at the end of 2021, marking a growth of 19.0%[22]. - Total liabilities amounted to ¥531,475,924.15 as of September 30, 2022, compared to ¥395,165,253.03 at the end of 2021, indicating a rise of 34.4%[23]. - The company's total liabilities as of September 30, 2022, were ¥185,881,572.86, a decrease from ¥351,813,164.84 as of December 31, 2021, indicating a reduction of approximately 47.60%[32]. - Total liabilities decreased to ¥41,356,857.58 in Q3 2022 from ¥161,466,689.85 in Q3 2021, reflecting a reduction of approximately 74.5%[33]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 27,669,000, a decrease from CNY 28,628,100 in the same period last year[7]. - The net cash flow from investment activities for Q3 2022 was ¥69,561,107.96, a turnaround from a negative cash flow of ¥225,829,381.66 in Q3 2021[29]. - Cash flow from operating activities for the first three quarters of 2022 was ¥27,669,442.97, compared to ¥16,393,545.18 in the same period of 2021, representing an increase of approximately 68.00%[28]. - Cash flow from operating activities showed a net outflow of ¥14,561,599.59 in the first three quarters of 2022, compared to a net inflow of ¥7,545,919.77 in the same period of 2021[37]. - The company's cash and cash equivalents increased to ¥401,073,565.50 as of September 30, 2022, from ¥245,005,599.05 at the end of 2021, a growth of 63.7%[22]. - The total cash and cash equivalents at the end of the period amounted to $171.75 million, compared to $82.09 million in the same period last year[38]. Shareholder Information - The company completed the acquisition of 100% equity in Zhuzhou Torch Industrial Furnace Co., Ltd. on July 29, 2022, making it a wholly-owned subsidiary[9]. - The total number of ordinary shareholders at the end of the reporting period was 23,103[15]. - The largest shareholder, Minmetals Technology Group Co., Ltd., holds 47.53% of the shares[16]. - The number of shares issued for the asset purchase was 12,117,610 shares at a price of 14.10 RMB per share, raising a total of 67,999,979.52 RMB[19]. - The company’s total number of shares increased to 189,288,006 shares as of September 30, 2022[19]. Research and Development - Research and development expenses for the first three quarters of 2022 were ¥33,796,594.38, compared to ¥29,891,503.05 in 2021, reflecting an increase of 13.5%[26]. - Research and development expenses for the first three quarters of 2022 were ¥3,038,938.85, compared to ¥8,857,073.50 in the same period of 2021, indicating a decrease of approximately 65.7%[34]. Strategic Initiatives - The company aims to expand its business scope in mining and metallurgy equipment, enhancing its market presence and profitability[19].
北矿科技(600980) - 2022 Q3 - 季度财报