CTC(SH:603060)2022-10-25 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥603,583,862.66, representing a year-on-year increase of 28.85%[7] - The net profit attributable to shareholders for the same period was ¥61,082,126.53, up 22.24% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥54,557,842.91, reflecting a 30.09% increase compared to the previous year[7] - Total operating revenue for the first three quarters of 2022 reached CNY 1,487,583,551.72, an increase of 16.54% compared to CNY 1,276,011,814.50 in the same period of 2021[27] - The net profit for the current period is 97,031,901.66 RMB, a decrease from 115,650,342.01 RMB in the previous period, representing a decline of approximately 16.1%[29] - The total profit for the current period is 117,591,564.65 RMB, compared to 134,681,304.69 RMB in the previous period, indicating a decrease of about 12.7%[29] - The operating income for the current period is 103,695,218.82 RMB, down from 122,755,960.02 RMB, reflecting a decline of approximately 15.5%[29] - The total comprehensive income attributable to the parent company is 60,655,238.47 RMB, down from 97,228,150.45 RMB, representing a decrease of about 37.5%[32] - The basic and diluted earnings per share are both 0.1069 RMB, down from 0.1257 RMB, indicating a decrease of approximately 15.0%[32] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,152,571,157.51, an increase of 8.52% from the end of the previous year[7] - Total assets increased to CNY 4,152,571,157.51, compared to CNY 3,826,394,492.27 at the end of 2021, reflecting a growth of 8.52%[26] - Total liabilities reached CNY 2,008,142,076.02, an increase of 20.83% from CNY 1,662,013,572.86 in the previous year[24] - The company's equity attributable to shareholders was CNY 1,582,649,115.27, slightly up from CNY 1,578,563,932.17[26] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥6,610,334.10, down 94.43% year-on-year due to extended customer payment cycles and increased cash payments[11] - The cash flow from operating activities for the current period is 6,610,334.10 RMB, significantly lower than 118,780,524.10 RMB in the previous period, showing a decrease of about 94.4%[36] - The net cash flow from investing activities was -$322.91 million, compared to -$271.95 million in the previous period[37] - The total cash inflow from financing activities was $823.73 million, significantly higher than $344.00 million in the prior period[37] - The net cash flow from financing activities was $161.83 million, slightly lower than $170.85 million from the previous period[37] - The cash and cash equivalents at the end of the period decreased to $142.14 million from $312.99 million in the previous period[37] - The company reported a net decrease in cash and cash equivalents of -$153.49 million, contrasting with an increase of $17.59 million in the prior period[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,011, with the largest shareholder holding 64.52% of the shares[13] Government Support and Market Strategy - The company received government subsidies amounting to ¥9,683,027.55 during the reporting period, contributing to its financial performance[8] - The company plans to enhance market development efforts, which contributed to the increase in operating revenue and net profit[11] Operational Challenges - The company reported a decrease in cash flow primarily due to the impact of COVID-19 and real estate market regulations[11] - The company has reported a significant increase in credit impairment losses, amounting to -23,412,883.12 RMB compared to -13,440,941.10 RMB in the previous period, indicating a worsening of credit quality[29] Expenses - Total operating costs for the same period were CNY 1,388,162,263.11, up 19.88% from CNY 1,157,607,915.64 in 2021[27] - Research and development expenses increased to CNY 136,039,534.99, representing a rise of 33.33% from CNY 102,035,523.94 in the previous year[27] - Cash paid for debt repayment was $480.11 million, compared to $67.81 million in the previous period[37] - Cash dividends and interest payments totaled $103.06 million, an increase from $86.67 million in the previous period[37] Inventory and Receivables - Accounts receivable rose to CNY 811,891,268.78, up 23.83% from CNY 655,555,626.70 in the previous year[21] - Inventory levels increased to CNY 118,422,436.01, up 60.05% from CNY 73,839,881.88 in the previous year[21] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2022[39]