CASHWAY(SH:603106)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥152,761,451.80, representing an increase of 18.44% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was -¥33,473,645.85, a decrease of 319.07% year-on-year[5] - The basic earnings per share for Q3 2022 was -¥0.0643, a decrease of 318.71% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2022 was CNY 394,332,410.55, a decrease of 14.7% compared to CNY 462,145,588.30 in the same period of 2021[21] - Net profit for the third quarter of 2022 was a loss of CNY 79,424,705.14, compared to a profit of CNY 19,540,344.30 in the same quarter of 2021[22] - Basic and diluted earnings per share for the third quarter of 2022 were both CNY -0.1526, compared to CNY 0.0375 in the same quarter of 2021[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,228,210,761.43, down 9.00% from the end of the previous year[6] - As of September 30, 2022, the total assets amounted to RMB 2,228,210,761.43, a decrease from RMB 2,448,520,891.70 as of December 31, 2021, reflecting a decline of approximately 9%[16] - The total current assets were RMB 1,745,322,163.17, down from RMB 1,969,627,131.83, indicating a decrease of about 11.4% year-over-year[17] - The total liabilities were RMB 681,949,895.79, down from RMB 822,835,320.92, representing a reduction of approximately 17.1%[18] - The company's equity remained stable at RMB 520,520,000.00, unchanged from the previous year[18] Cash Flow - The cash flow from operating activities for the year-to-date was -¥261,116,217.13, with no applicable percentage change[6] - The net cash flow from operating activities for the first three quarters of 2022 was a negative CNY 261,116,217.13, worsening from a negative CNY 205,394,014.14 in 2021[27] - Cash received from operating activities in the first three quarters of 2022 was CNY 381,586,954.35, down from CNY 571,762,758.03 in 2021[27] - Cash outflow from operating activities totaled CNY 642,703,171.48 in the first three quarters of 2022, compared to CNY 777,156,772.17 in 2021[27] - The total cash and cash equivalents at the end of the period decreased to $559,553,947.04 from $693,489,830.22 at the beginning of the period, reflecting a net decrease of $133,935,883.18[28] - The company’s cash balance at the end of the period reflects a decrease of approximately 19.3% compared to the beginning balance[28] Operational Challenges - The company reported a significant decline in market demand and increased competition, leading to a decrease in product sales gross margin[10] - The company experienced delays in bank procurement due to the pandemic, resulting in some orders being canceled[11] Investments and Expenses - Research and development expenses for the first three quarters of 2022 were CNY 60,846,938.29, an increase from CNY 57,542,342.83 in the same period of 2021[21] - Investment cash inflow for the first three quarters of 2022 was CNY 100,328,242.12, down from CNY 508,937,279.53 in 2021[27] - The cash outflow from investing activities totaled $633,599,757.87, highlighting the company's significant investment activities during the quarter[28] Management and Governance - The company’s financial management team includes Jiang Haoran as the responsible person, Wang Wei as the accounting supervisor, and Li Juan as the head of the accounting institution[28] - The company did not apply new accounting standards or interpretations for the year 2022, which may affect the financial reporting[28] Future Outlook - The company highlighted a focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[15]