KN(SH:603111)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥764,128,971.42, a decrease of 9.26% compared to the same period last year[3]. - The net profit attributable to shareholders for the first nine months of 2022 was ¥168,980,703.71, down 48.61% year-on-year[3]. - The basic earnings per share for Q3 2022 was ¥0.06, a decline of 25.00% compared to the previous year[4]. - Net profit for Q3 2022 was ¥185,775,095.59, down from ¥330,645,794.77, representing a decline of about 43.8%[26]. - The net profit for the first three quarters of 2022 was ¥275.08 million, a decrease of 40.4% compared to ¥461.37 million in the previous year[32]. Cash Flow - The net cash flow from operating activities for the first nine months of 2022 was -¥382,101,307.83, indicating a significant cash outflow[3]. - Cash flow from operating activities showed a net outflow of ¥382,101,307.83 compared to a net outflow of ¥161,227,605.29 in the same period last year[29]. - The company's cash flow from operating activities showed a significant decline, with a net decrease of ¥464.69 million in Q3 2022[30]. - Total cash inflow from operating activities decreased to 1.02 billion in 2022 from 1.61 billion in 2021, a drop of about 36.4%[35]. - Cash outflow from operating activities also decreased to 1.41 billion in 2022 from 1.78 billion in 2021, reflecting a reduction of approximately 20.7%[35]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥5,799,223,330.84, a slight decrease of 0.65% from the end of the previous year[4]. - As of September 30, 2022, the company's total assets amounted to ¥5,799,223,330.84, a slight decrease from ¥5,837,241,809.35 at the end of 2021[19]. - The company's total liabilities decreased to ¥2,191,102,660.68 from ¥2,407,186,977.54, indicating a reduction of about 9%[21]. - The company's total liabilities decreased to ¥1.98 billion from ¥2.13 billion, indicating a reduction of approximately 7.1%[31]. - The company's total current assets were ¥5,187,641,044.46, compared to ¥5,190,039,934.31 at the end of 2021, indicating a marginal decline[19]. Equity - The company's equity attributable to shareholders increased by 5.06% year-on-year, reaching ¥3,507,676,963.85[4]. - The company's equity attributable to shareholders increased to ¥3,507,676,963.85 from ¥3,338,630,126.60, reflecting an increase of approximately 5.1%[21]. - The company's total equity increased to ¥3.04 billion as of September 30, 2022, compared to ¥2.76 billion at the end of 2021, marking an increase of approximately 10.1%[32]. Legal Matters - The company is pursuing legal action against the original shareholders of Longxin Technology, seeking the return of 787 million RMB and 257 million RMB in share transfer payments, along with corresponding interest[15]. - As of the end of the reporting period, some of the lawsuits related to performance compensation have been initiated, and the company is actively taking measures to protect its and shareholders' legal rights[15]. - The company has initiated litigation against performance compensation parties following the second-instance judgment in the Liao Liangmao contract fraud case, with some cases already in court[15]. - The company received a court ruling in June 2022 to continue the litigation against the original shareholders of Longxin Technology, indicating ongoing legal proceedings[16]. - Liao Liangmao was sentenced to life imprisonment for contract fraud, and the company is pursuing the recovery of 1.93297884095 billion RMB in criminal proceeds[11]. Operational Highlights - Revenue from the rail transit main business decreased by ¥398 million, a drop of 20.44%, primarily due to production halts caused by the pandemic[7]. - Revenue from new energy vehicle components increased by ¥173 million, a growth of 67.78%, driven by the rapid development of the new energy vehicle industry[7]. - Total operating costs decreased to ¥2,099,537,348.32 from ¥2,247,522,958.72, a reduction of approximately 6.6% year-over-year[25]. - Research and development expenses were ¥196,701,367.46, slightly down from ¥199,762,905.45, a decrease of about 1.0%[25]. - Research and development expenses for the first three quarters of 2022 were ¥105.38 million, down from ¥116.75 million in the same period of 2021, representing a decrease of about 9.7%[32].