SITONG(SH:603838)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥54,107,819.37, representing a decrease of 54.03% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥3,300,515.39, a decline of 123.42% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,146,995.93, down 209.52% from the previous year[5]. - The net profit for the year-to-date period was -¥4,315,715.97, a decrease of 109.60% compared to the same period last year[5]. - The net profit attributable to shareholders decreased significantly, with a basic earnings per share of -123.41 CNY for the current period and -109.61 CNY year-to-date[11]. - Net profit for the third quarter of 2022 was -¥4,315,715.97, compared to a net profit of ¥44,961,095.32 in the same quarter of 2021, indicating a significant decline[23]. - Basic and diluted earnings per share for the third quarter of 2022 were both -¥0.0135, compared to ¥0.1405 in the same quarter of 2021[24]. Cash Flow - The cash flow from operating activities was -¥1,404,084.30, a decrease of 211.87% compared to the same period last year[6]. - Cash flow from operating activities showed a negative net amount of -211.87 million CNY for the current period, attributed to slow collection of receivables[11]. - Cash flow from operating activities for the first three quarters of 2022 was ¥6,222,963.40, a decrease of 84.3% from ¥39,641,610.76 in the same period of 2021[25]. - The net decrease in cash and cash equivalents for the quarter was -$49.23 million, an improvement from -$77.10 million in the same period last year[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,142,416,980.00, a decrease of 1.85% from the end of the previous year[6]. - Current assets totaled 735.68 million CNY, slightly down from 739.41 million CNY at the end of 2021[17]. - The company reported a decrease in cash and cash equivalents to 6.30 million CNY from 42.33 million CNY at the end of 2021[17]. - The total liabilities decreased to 28.54 million CNY from 31.86 million CNY year-over-year[18]. - Total liabilities as of the end of the third quarter of 2022 were ¥75,243,079.90, down from ¥79,623,926.08 at the end of the previous year[22]. - Total equity attributable to shareholders was ¥1,067,173,900.10, a decrease from ¥1,084,290,256.07 in the previous year[22]. Revenue and Costs - The company attributed the revenue decline to the impact of recurring COVID-19 outbreaks and weak international market demand, leading to significant decreases in both domestic and export sales of ceramic products[10]. - The company reported a significant increase in operating costs and a decrease in sales gross margin due to rising international energy prices and foreign exchange fluctuations[10]. - Total operating revenue for the first three quarters of 2022 was ¥188,469,919.06, a decrease of 39.8% compared to ¥312,663,611.21 in the same period of 2021[21]. - Total operating costs for the first three quarters of 2022 were ¥209,572,848.34, down from ¥304,533,387.36 in the previous year, reflecting a reduction of 31.2%[21]. Shareholder Information - The company has a significant shareholder, Guangdong Weide Industrial Investment Co., Ltd., holding 20.26% of shares[13]. - The top ten shareholders collectively hold a substantial portion of the company's equity, with the largest shareholder holding over 20%[14]. - The company is currently not engaged in any financing or margin trading activities[14]. Investment Activities - Investment income for the third quarter of 2022 was ¥1,834,435.15, a significant drop from ¥31,301,306.63 in the same quarter of 2021[22]. - Cash inflow from investment activities totaled $750.49 million, up from $415.19 million in the previous year, representing an increase of 80.5%[26]. - Cash outflow from investment activities was $794.00 million, compared to $520.91 million in the same period last year, reflecting a rise of 52.3%[26]. - Net cash flow from investment activities was -$43.51 million, an improvement from -$105.72 million year-over-year[26].