Linewell(SH:603636)2022-10-28 16:00Financial Performance - In Q3 2022, the company achieved operating revenue of CNY 263,891,365.41, representing a year-on-year increase of 37.62%[6] - The net profit attributable to shareholders in Q3 2022 was CNY 8,998,608.08, a significant increase of 172.37% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was CNY 4,983,302.22, up 125.88% year-on-year[6] - For the year-to-date period, the company reported a total operating revenue of CNY 608,064,632.08, which is a decrease of 6.76% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2022 was CNY 608,064,632.08, a decrease of 6.77% compared to CNY 652,153,796.98 in the same period of 2021[29] - The net profit for the first three quarters of 2022 was -40,091,368.79 RMB, compared to -8,277,046.28 RMB in the same period of 2021, representing an increase in net loss of approximately 384.5%[31] - Operating profit for the first three quarters of 2022 was -46,799,876.46 RMB, compared to -13,792,099.66 RMB in 2021, indicating a significant increase in operating loss of about 239.5%[31] - The total comprehensive income for the first three quarters of 2022 was -40,091,368.79 RMB, compared to -8,277,046.28 RMB in the same period of 2021, indicating a worsening of approximately 384.5%[33] - The company reported a total profit of -46,661,041.95 RMB for the first three quarters of 2022, compared to -11,093,856.79 RMB in the same period of 2021, reflecting an increase in total loss of about 320.5%[31] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,492,682,805.71, reflecting a slight increase of 0.17% from the end of the previous year[7] - The company's total assets as of September 30, 2022, amounted to CNY 4,492,682,805.71, slightly up from CNY 4,485,248,972.89 at the end of 2021[27] - Non-current liabilities totaled CNY 125,914,078.65 as of September 30, 2022, an increase of 41.73% from CNY 88,892,022.08 at the end of 2021[27] - The total liabilities of the company reached CNY 1,897,931,519.73, up from CNY 1,797,094,230.11, indicating an increase of 5.61%[27] - The company's equity attributable to shareholders decreased to CNY 2,519,063,930.90 from CNY 2,604,857,184.95, a decline of 3.28%[27] Cash Flow and Investments - The company's cash and cash equivalents as of September 30, 2022, amount to RMB 207,853,140.26, a decrease from RMB 282,068,061.49 at the end of 2021[23] - Cash flow from operating activities showed a net outflow of -208,828,154.65 RMB, an improvement from -483,304,354.87 RMB in the same period last year[37] - Cash and cash equivalents at the end of the period were 114,554,269.57 RMB, down from 150,148,861.80 RMB at the end of the previous year, a decrease of about 23.7%[39] - The company received cash inflows from investment activities totaling 1,310,645,710.21 RMB, compared to 1,102,750,631.47 RMB in the previous year, an increase of about 18.9%[37] - Cash outflows from financing activities totaled 584,185,792.78 RMB, compared to 188,820,520.46 RMB in the previous year, indicating a significant increase of approximately 209.5%[39] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,722[15] - The largest shareholder, Wu Zhixiong, holds 239,181,429 shares, accounting for 40.48% of the total shares[15] - The company has a share repurchase account holding 10,433,055 shares, representing 1.77% of total shares[18] Operational Highlights - The company secured new contract amounts of CNY 1.219 billion year-to-date, marking a year-on-year growth of 29.04%[12] - The company’s new bidding project amount reached CNY 1.282 billion year-to-date, showing a substantial increase of 50.70% compared to the previous year[12] - The proportion of new sales contracts outside Fujian province reached 65.87%, representing a remarkable growth of 257.63% year-on-year[12] - The company has focused on digital transformation across the entire industry chain and supply chain, enhancing customer engagement and project profitability[12] Research and Development - Research and development expenses increased to CNY 54,778,471.92 in the first three quarters of 2022, compared to CNY 52,122,686.18 in 2021, marking a growth of 5.08%[29] Other Financial Metrics - The company's basic earnings per share for Q3 2022 were CNY 0.016, reflecting a year-on-year increase of 176.19%[6] - The company's cash and cash equivalents decreased to CNY 586,488,254.89 from CNY 405,863,515.84, representing a significant increase of 44.5%[27] - Accounts receivable increased to RMB 1,365,473,527.80 from RMB 1,330,770,963.26 year-over-year[23] - Inventory as of September 30, 2022, is RMB 285,916,756.97, up from RMB 197,204,560.44 at the end of 2021[23] - The long-term equity investment decreased to RMB 336,932,519.29 from RMB 376,292,852.85 year-over-year[23] - Deferred tax assets increased to CNY 63,426,868.35 from CNY 47,292,556.73, reflecting a growth of 34.2%[27] - The company is in the process of a potential change in control, pending regulatory approvals[19] - The company has established an investment fund with a total scale of RMB 30 million, with an initial contribution of RMB 2.1 million[19]