TORCH ELECTRON(SH:603678)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥876,084,184.86, a decrease of 26.06% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥221,393,211.90, down 4.17% year-on-year[6]. - The basic earnings per share for Q3 2022 was ¥0.49, a decrease of 3.92% compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2022 was ¥2,836,391,241.02, a decrease of approximately 21.2% compared to ¥3,596,763,098.63 in the same period of 2021[31]. - Net profit for the third quarter of 2022 was ¥737,137,139.98, compared to ¥803,673,791.49 in the same quarter of 2021, indicating a decline of approximately 8.3%[38]. - Total comprehensive income amounted to ¥766,440,096.02, a decrease from ¥803,391,169.08 in the previous year, representing a decline of approximately 4.6%[40]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,524,291,159.11, an increase of 8.41% from the end of the previous year[9]. - The company's total liabilities increased to ¥2,153,989,558.25 in 2022 from ¥2,118,729,452.33 in 2021, representing a growth of about 1.7%[31]. - Current liabilities totaled CNY 1,217.48 million, down from CNY 1,516.81 million in the previous year[29]. - The total equity attributable to shareholders of the parent company rose to ¥5,189,975,331.09 in 2022, up from ¥4,676,774,780.56 in 2021, marking an increase of approximately 10.9%[31]. - The company's total assets reached ¥7,524,291,159.11 in 2022, compared to ¥6,940,424,803.25 in 2021, representing an increase of approximately 8.4%[31]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥539,297,667.37, an increase of 130.74% compared to the same period last year[9]. - Cash inflow from operating activities totaled ¥2,947,682,731.62, down from ¥3,682,132,319.66, reflecting a decrease of approximately 20%[40]. - Cash outflow from operating activities was ¥2,408,385,064.25, compared to ¥3,448,407,154.74 in the previous year, showing a reduction of about 30%[43]. - Cash flow from investing activities showed a net outflow of ¥580,083,514.69, worsening from a net outflow of ¥231,079,584.73 in the previous year[43]. - Cash flow from financing activities resulted in a net outflow of ¥59,529,841.41, compared to a net inflow of ¥80,434,809.53 last year[43]. - The ending balance of cash and cash equivalents was ¥827,581,219.50, down from ¥874,556,634.41 in the previous year, indicating a decrease of approximately 5.4%[43]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,271[14]. - The largest shareholder, Cai Mingtong, holds 166,485,440 shares, representing 36.20% of the total shares[14]. Segment Performance - In the first three quarters of 2022, the company's self-produced components segment generated revenue of CNY 1,258.26 million, a year-on-year increase of 7.76%[18]. - The parent company, Torch Electronics, achieved operating revenue of CNY 1,097.12 million, up 5.51% year-on-year, with a net profit of CNY 609.56 million, reflecting a growth of 10.14%[18]. - The new materials segment reported revenue of CNY 64.42 million, a decline of 32.54% compared to the same period last year[20]. - The international trade business saw revenue of CNY 1,499.50 million, down 35.66% year-on-year due to weak demand in the consumer electronics market[20]. Investments and Acquisitions - The company completed a share buyback of 761,269 shares, accounting for 0.17% of the total share capital, with a total expenditure of CNY 34.99 million[21]. - The company and its subsidiary established an industrial investment fund with a total subscription amount of CNY 250.10 million, with the company contributing CNY 50 million[22]. - The acquisition of a 29% minority stake in Japan's泉源株式会社 was completed for a total consideration of JPY 15.19 million[23]. Research and Development - Research and development expenses for the third quarter of 2022 were ¥73,630,479.53, compared to ¥68,039,929.28 in the same quarter of 2021, reflecting an increase of about 8.5%[34]. Government Support - The company received government subsidies amounting to ¥18,086,137.10 during the reporting period[10]. Financial Ratios - The weighted average return on equity for Q3 2022 was 4.36%, a decrease of 0.91 percentage points year-on-year[9]. - The company reported a decrease in non-recurring gains and losses, with a total of ¥12,795,526.15 for the reporting period[10]. - The deferred income increased significantly to ¥153,066,865.51 in 2022 from ¥72,712,445.98 in 2021, showing an increase of about 109.8%[31]. - The company reported a decrease in financial expenses to ¥29,510,955.46 in the third quarter of 2022 from ¥18,443,238.80 in 2021, indicating a rise of approximately 60.1%[34]. - Basic earnings per share decreased to ¥1.57 from ¥1.71, a decline of approximately 8.2%[40]. - Diluted earnings per share also fell to ¥1.52 from ¥1.65, representing a decrease of about 7.9%[40].