Western Region Gold (SH:601069)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,672,518,478.39, representing a 25.83% increase compared to the same period last year[7]. - The net profit attributable to shareholders was ¥7,253,031.15, a decrease of 91.23% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,738,515.11, reflecting a 154.46% decline compared to the previous year[7]. - The basic earnings per share for the period was ¥0.0092, down 91.32% from ¥0.1060 in the same quarter last year[7]. - Total revenue for the first three quarters of 2022 was CNY 3,239,826,060.51, a decrease of 26.5% compared to CNY 4,409,024,341.68 in the same period of 2021[34]. - Net profit for the third quarter of 2022 was CNY 133,210,302.25, a decline of 41.0% from CNY 225,848,322.94 in the same quarter of 2021[38]. - The total comprehensive income for the period was CNY 133,210,302.25, compared to CNY 225,848,322.94 in the previous period, reflecting a decrease of approximately 41%[40]. - The net profit attributable to the parent company was CNY 66,509,966.36, down from CNY 139,730,809.16, indicating a decline of about 52%[40]. - Basic earnings per share decreased to CNY 0.0841 from CNY 0.1791, representing a drop of approximately 53%[40]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,448,681,066.13, an increase of 8.82% compared to the end of the previous year[7]. - The total liabilities as of Q3 2022 were CNY 2,186,574,273.29, compared to CNY 2,036,782,085.34 in Q3 2021, indicating an increase of 7.3%[34]. - The company's equity attributable to shareholders reached CNY 4,262,106,792.84 in Q3 2022, up from CNY 3,197,628,069.62 in Q3 2021, marking a rise of 33.3%[34]. - The company's long-term payables rose to CNY 182,206,171.21 in Q3 2022, up from CNY 141,858,789.85 in Q3 2021, indicating an increase of 28.5%[34]. Cash Flow - The net cash flow from operating activities was -¥301,679,938.61 for the year-to-date, indicating a continued cash outflow[7]. - Cash inflows from operating activities totaled CNY 3,200,760,618.94, down from CNY 3,942,599,729.96, a decrease of around 19%[42]. - Cash outflows from operating activities amounted to CNY 3,502,440,557.55, compared to CNY 4,197,793,449.60 in the previous period, a reduction of about 17%[46]. - The net cash flow from operating activities was negative at CNY -301,679,938.61, worsening from CNY -255,193,719.64 in the prior period[46]. - Cash inflows from investing activities were CNY 450,143,026.62, an increase from CNY 350,662,685.86, reflecting a growth of approximately 28%[46]. - The net cash flow from investing activities was negative at CNY -26,967,794.67, improving from CNY -115,811,825.26 in the previous period[46]. - Cash inflows from financing activities totaled CNY 1,679,526,532.00, down from CNY 2,365,645,347.00, a decrease of about 29%[46]. - The ending cash and cash equivalents balance was CNY 416,504,348.77, compared to CNY 402,663,048.05 at the end of the previous period, showing a slight increase[47]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Baiyuanfeng, Kegang Manganese, and Mengxin Tianba, which are now wholly-owned subsidiaries[10]. - Investment income for the year-to-date period increased by 115.43%, due to the acquisition of a 49% stake in Hongfa Alloy, allowing the company to exert significant influence[20]. - The goodwill increased by 60.28% due to the acquisition of 100% equity in Mengxin Tianba, resulting in a business combination under common control[18]. Inventory and Sales - The company reported an increase in inventory of gold minerals, with 0.72 tons of gold minerals unsold as of September 30[10]. - The net profit attributable to shareholders decreased by 52.40% year-to-date due to a decline in gold sales from subsidiaries and unsold inventory at the end of the third quarter[15]. - Revenue for the year-to-date period decreased by 26.52%, primarily due to a reduction in standard gold sales compared to the previous year[18]. - Operating costs for the year-to-date period also decreased by 27.27%, reflecting the same reasons as revenue[18]. - The company reported a 42.00% increase in operating costs for the current reporting period, driven by higher sales volume and purchase prices of standard gold[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 48,707[25]. - The largest shareholder, Xinjiang Nonferrous Metals Industry Group Co., Ltd., holds 505,292,451 shares, accounting for 56.83% of total shares[25]. Research and Development - Research and development expenses decreased by 52.83% in the current reporting period due to reduced investment in R&D projects[21]. - Research and development expenses for the third quarter of 2022 were CNY 14,776,697.88, a decrease of 24.5% from CNY 19,603,546.94 in the same quarter of 2021[38]. Other Information - The company has not disclosed any significant related party relationships among the top ten unrestricted shareholders[26]. - The company has not provided any updates on new product development or market expansion strategies during the reporting period[27].