Qijing Machinery(SH:603677)2022-10-25 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥441,896,963.82, a decrease of 5.05% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2022 was ¥18,694,700.25, down 27.32% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 38.07% to ¥31,399,845.09 in Q3 2022[3]. - The basic earnings per share for Q3 2022 was ¥0.0973, a decrease of 27.28% compared to the same period last year[3]. - The net profit for Q3 2022 was CNY 57,275,535.57, a decrease of 24.2% compared to CNY 75,535,759.65 in Q3 2021[33]. - The total profit for Q3 2022 was CNY 60,475,595.06, down 25.1% from CNY 80,845,335.76 in the same period last year[33]. - The operating profit for Q3 2022 was CNY 60,558,706.02, a decline of 26.0% from CNY 81,791,519.80 in Q3 2021[33]. - The total comprehensive income for Q3 2022 was CNY 60,664,031.03, a decrease of 19.7% from CNY 75,555,566.54 in Q3 2021[34]. - The net profit for the first three quarters of 2022 was CNY 54,088,239.59, down 27.5% from CNY 74,545,305.50 in the previous year[42]. Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥113,294,121.65, an increase of 278.86%[3]. - The cash flow from operating activities for the first three quarters of 2022 was CNY 1,349,437,508.71, an increase of 2.3% compared to CNY 1,318,431,944.60 in the same period of 2021[36]. - The net cash flow from operating activities for Q3 2022 was CNY 113,294,121.65, significantly up from CNY 29,903,624.53 in Q3 2021[36]. - The cash inflow from financing activities for Q3 2022 was CNY 185,394,068.94, an increase from CNY 153,944,940.00 in Q3 2021[36]. - The company's cash flow from financing activities was negative at CNY -40,689,121.75 for Q3 2022, compared to a positive CNY 80,219,130.23 in the same quarter of 2021[37]. - The ending cash and cash equivalents balance was RMB 155,673,007.76, down from RMB 206,145,469.40 at the end of the same period last year, a decrease of approximately 24.5%[44]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,024,791,308.99, a decrease of 1.52% from the previous year-end[5]. - The company's total assets as of September 30, 2022, were CNY 2,024,791,308.99, down from CNY 2,055,983,069.73, a decrease of 1.51%[29]. - Total liabilities decreased to CNY 914,797,939.94 from CNY 949,066,402.22, a reduction of 3.59%[29]. - The total liabilities as of September 30, 2022, were CNY 934,504,133.23, compared to CNY 933,261,424.90 at the end of 2021[39]. - The total equity attributable to shareholders at the end of the reporting period was ¥1,109,993,369.05, an increase of 0.28% from the previous year-end[5]. - The company's total equity increased slightly to CNY 1,109,993,369.05 from CNY 1,106,916,667.51, reflecting a growth of 0.28%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,411[10]. - Ningbo Industrial Investment Group holds 57,626,666 shares, representing 29.99% of the total shares[10]. - The top ten shareholders include Ningbo Qijing Holdings with 43,824,702 shares, accounting for 22.81%[10]. - The company has a significant shareholder structure with multiple natural persons holding substantial shares, including Wang Xingqi with 8,610,840 shares (4.48%) and Wang Yongqi with 7,376,512 shares (3.84%)[10]. - The company has a total of 10 major shareholders with varying percentages of ownership, indicating a diverse shareholder base[10]. Investments and Expenditures - The company plans to invest a total of RMB 15,496.08 million in fixed assets for 2022, with actual payments of RMB 7,341.31 million made by the report date[25]. - The company signed a lease agreement with Xiyue Real Estate for a property rental, with a total transaction amount of RMB 275,625.00 for the first nine months of 2022[15]. - The company purchased a commercial property in Dingfeng Building for a total price of RMB 10,586,794.00, with 50% of the payment already made[16]. - The company procured two sets of controlled atmosphere multi-purpose furnace production lines for RMB 4,900,000, with 90% of the payment completed[17][18]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 48,360,394.16, down from CNY 52,448,324.12, a decrease of 7.93%[32]. - Research and development expenses for the first three quarters of 2022 were CNY 46,643,907.48, a decrease from CNY 51,198,188.70 in the previous year[41]. Legal Matters - The company is involved in a lawsuit against Weiya Electronics for a claim of RMB 3,007,716.50, with a settlement agreement reached but uncertain recovery[26]. Related Transactions - The estimated total amount of daily related transactions for 2022 is capped at RMB 31.939 million[12]. - The daily related transaction amount for electroplating with Yulin Metal is estimated at RMB 17.90 million[13]. - The actual related transaction amount for electroplating in the first nine months of 2022 is RMB 12.25 million[13]. - The company is involved in daily related transactions with its wholly-owned subsidiary, indicating ongoing business operations and partnerships[12].