SPM(SH:601900)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was RMB 2,390,986,267.35, a slight increase of 0.13% compared to RMB 2,387,801,973.62 in the same period last year[6]. - Net profit attributable to shareholders was RMB 209,009,037.24, representing a decrease of 53.13% from RMB 445,950,533.81 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was RMB 245,883,266.66, down 25.25% from RMB 328,960,959.15 in the previous year[8]. - Basic and diluted earnings per share were both RMB 0.23, a decrease of 54.00% compared to RMB 0.50 in the same period last year[8]. - The weighted average return on equity was 2.68%, down 3.71 percentage points from 6.39% year-on-year[8]. - Total operating revenue for the first three quarters of 2022 reached ¥6,270,755,434.35, an increase from ¥6,073,679,277.23 in the same period of 2021, representing a growth of approximately 3.25%[35]. - The company's net profit for the first three quarters of 2022 is not explicitly stated but can be inferred from the operating revenue and costs[35]. - The net profit for the current period is 599,407,698.33, a decrease of 28.1% compared to 833,651,523.59 in the previous period[38]. - The operating profit is reported at 642,269,396.97, down from 886,195,057.55, indicating a decline of 27.5%[38]. - The total comprehensive income for the period is 599,407,698.33, down from 833,651,523.59, representing a decrease of 28.1%[40]. - The basic and diluted earnings per share are both 0.61, compared to 0.88 in the previous period, indicating a decline of 30.7%[40]. - The total profit before tax is 638,716,060.24, down from 882,355,822.14, indicating a decrease of 27.6%[38]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 15,292,358,912.03, an increase of 8.29% from RMB 14,121,248,824.48 at the end of the previous year[8]. - Total assets as of September 30, 2022, were ¥15,292,358,912.03, up from ¥14,121,248,824.48 at the end of 2021, indicating a growth of about 8.29%[34]. - Total liabilities increased to ¥7,514,381,840.06 as of September 30, 2022, from ¥6,298,668,751.89 at the end of 2021, representing a rise of approximately 19.36%[34]. Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 1,376,470,333.72, a significant increase of 217.41% compared to RMB 433,651,833.91 in the previous year[8]. - The cash flow from operating activities generated a net amount of 1,376,470,333.72, compared to 433,651,833.91 in the previous period, showing a significant increase of 217.5%[44]. - Net cash flow from investing activities was -$247.04 million, an improvement from -$586.15 million in the previous period[45]. - Total cash inflow from financing activities was $492.04 million, down from $646.17 million year-over-year[45]. - Net cash flow from financing activities was -$816.40 million, worsening from -$431.58 million year-over-year[45]. - The net increase in cash and cash equivalents was $313.03 million, a significant recovery from a decrease of $584.11 million in the previous period[45]. - The ending balance of cash and cash equivalents rose to $2.18 billion, up from $1.44 billion in the previous period[45]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Guangdong Education Bookstore Co., Ltd. on August 12, 2022, which is now included in the consolidated financial statements[11]. - The company also acquired 65.7% and 33.3% equity stakes in Guangdong Yuexin Cultural Industry Investment Co., Ltd. for a total of RMB 17,593.69 million[11]. - Long-term equity investments rose by 69.48%, reflecting new investments made by the headquarters[18]. Operational Metrics - Total operating costs for the first three quarters of 2022 were ¥5,502,884,113.18, compared to ¥5,311,561,928.75 in 2021, indicating an increase of about 3.60%[35]. - Research and development expenses for the first three quarters of 2022 were ¥6,086,369.95, indicating ongoing investment in innovation[35]. - The company reported a decrease in financial expenses to -¥17,652,393.11 in the first three quarters of 2022, compared to -¥19,244,874.71 in the same period of 2021, reflecting improved financial management[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,968[24]. - Guangdong Publishing Group Co., Ltd. held 54.71% of the shares, amounting to 490,136,379 shares[24]. Other Financial Metrics - The company reported government subsidies of RMB 20,128,225.36 for the current period, totaling RMB 43,423,233.18 year-to-date[12]. - The company reported a loss of 36,874,229.42 in non-recurring gains and losses for the current period, compared to a loss of 80,856,308.28 in the previous period, indicating an improvement[18]. - The fair value changes of financial assets resulted in a loss of 64,280,837.19, with a total loss of 142,516,912.74 for the period, primarily due to changes in equity investments and fund products[18]. - The company experienced a 28.56% increase in accounts receivable, mainly due to the recognition of receivables from the autumn textbook and digital textbook phases[18]. - Inventory increased by 52.32%, attributed to preparations for the autumn educational materials[18]. - The company reported a significant increase of 442.53% in other current assets, mainly due to the increase in estimated and pending certified input tax[18]. - The company’s long-term borrowings increased by 22.40%, corresponding to ongoing construction projects[18]. - The company’s minority shareholders' equity increased by 146.43%, primarily due to the issuance of shares to acquire 100% equity of an educational bookstore[18].