WAZAM(SH:603186)2022-10-25 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥779,626,230.66, a decrease of 19.58% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was -¥8,708,020.87, down 109.16% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,198,851.86, a decline of 120.64% compared to the previous year[5] - The basic earnings per share for Q3 2022 was -¥0.06, a decrease of 109.48% year-on-year[6] - The diluted earnings per share for Q3 2022 was -¥0.05, down 107.79% compared to the same period last year[6] - The weighted average return on equity was -0.47%, a decrease of 6.46 percentage points year-on-year[6] - Total operating revenue for the first three quarters of 2022 was CNY 2,377,834,799.64, a decrease from CNY 2,678,687,834.43 in the same period of 2021[24] - Net profit for the first three quarters of 2022 was CNY 64,359,860.63, compared to CNY 218,174,445.40 in the same period of 2021[25] - The company's operating profit for the first three quarters of 2022 was CNY 53,012,503.05, significantly lower than CNY 243,563,041.12 in 2021[25] - Total comprehensive income for the third quarter of 2022 was CNY 64,359,860.63, compared to CNY 218,174,445.40 in the same period of 2021, indicating a significant decrease[26] Cash Flow and Assets - The cash flow from operating activities for the year-to-date was ¥482,583,696.66, an increase of 187.29%[6] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 2,619,857,132.62, an increase of 28% from CNY 2,046,151,523.03 in the same period of 2021[27] - Net cash flow from operating activities for the third quarter of 2022 was CNY 482,583,696.66, compared to CNY 167,978,904.76 in the same quarter of 2021, showing a substantial improvement[28] - Cash and cash equivalents at the end of the third quarter of 2022 totaled CNY 436,133,960.66, up from CNY 216,361,268.95 at the end of the same quarter in 2021[29] - The company's cash and cash equivalents as of September 30, 2022, amount to RMB 597,745,163.43, an increase from RMB 448,264,794.38 at the end of 2021[18] - Total assets at the end of the reporting period were ¥5,298,433,182.28, an increase of 3.94% from the end of the previous year[6] - Total assets as of the end of Q3 2022 were CNY 5,298,433,182.28, compared to CNY 5,097,521,057.77 at the end of Q3 2021[21] - Total liabilities as of the end of Q3 2022 were CNY 3,582,394,054.43, an increase from CNY 3,426,730,895.46 in 2021[21] - The company's total equity as of the end of Q3 2022 was CNY 1,716,039,127.85, up from CNY 1,670,790,162.31 in 2021[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,918[13] - The largest shareholder, Huali Group Co., Ltd., holds 56,902,768 shares, accounting for 40.07% of total shares[13] - The company has not identified any related party transactions among the top shareholders, except for the controlling shareholder[14] Investment and Development - The company plans to establish a joint venture with Shenzhen Advanced Electronic Materials International Innovation Research Institute to develop CBF layered insulation films for advanced packaging applications[15] - The company will invest RMB 40 million in a related investment fund focused on high-growth potential enterprises in the new materials sector[15] - The company issued RMB 57 million convertible bonds, which began trading on February 22, 2022[16] - The company will not adjust the conversion price of the convertible bonds downward within the specified period[17] Inventory and Receivables - Accounts receivable decreased to RMB 1,176,141,987.32 from RMB 1,361,637,322.39 year-over-year[18] - Inventory as of September 30, 2022, is valued at RMB 419,904,670.39, compared to RMB 407,164,864.17 at the end of 2021[18] Research and Development - Research and development expenses for the first three quarters of 2022 amounted to CNY 133,687,072.37, an increase from CNY 106,691,248.31 in 2021[24] Operational Performance - The decline in net profit was primarily due to a larger decrease in copper-clad laminate prices compared to raw material prices, leading to a decline in gross margin[10] - The company reported a significant increase in cash received from sales and services, reflecting strong operational performance[27] - The company plans to continue focusing on market expansion and new product development to drive future growth[30]