JINHUI(SH:603919)2022-10-25 16:00Financial Performance - The company's operating revenue for the third quarter was ¥335,513,193.64, a decrease of 9.12% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥1,851,247.54, down 96.68% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,457,066.22, a decrease of 84.50% compared to the previous year[5]. - The basic earnings per share for the quarter was ¥0.004, reflecting a decline of 96.68% year-on-year[5]. - The diluted earnings per share was ¥0.015, down 86.64% compared to the same period last year[5]. - Total comprehensive income for the first three quarters of 2022 was CNY 213,550,454.10, down from CNY 243,084,119.54 in the same period of 2021, representing a decrease of approximately 12.2%[29]. - Basic earnings per share for the first three quarters of 2022 was CNY 0.42, compared to CNY 0.48 in 2021, reflecting a decline of 12.5%[29]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was CNY 213,716,188.28, a decrease of 12.1% compared to CNY 243,084,119.54 in the first three quarters of 2021[27]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,807,722,168.76, an increase of 0.91% from the end of the previous year[5]. - As of September 30, 2022, total assets amounted to CNY 3,807,722,168.76, an increase from CNY 3,773,309,110.56 as of December 31, 2021, reflecting a growth of approximately 0.91%[21]. - The company's total liabilities decreased to CNY 724,084,973.54 as of September 30, 2022, down from CNY 791,625,170.10 at the end of 2021, indicating a reduction of approximately 8.5%[23]. - The total equity attributable to shareholders of the parent company increased to CNY 3,083,476,829.34 as of September 30, 2022, compared to CNY 2,981,357,840.40 at the end of 2021, reflecting a growth of about 3.4%[25]. - The company reported a decrease in contract liabilities to CNY 276,207,452.29 as of September 30, 2022, down from CNY 358,296,655.12 at the end of 2021, indicating a reduction of approximately 22.9%[23]. Cash Flow - The company reported a significant increase of 148.31% in net cash flow from operating activities year-to-date, primarily due to increased sales receipts[5]. - Net cash flow from operating activities for the first three quarters of 2022 was CNY 36,716,120.38, a significant improvement from a net outflow of CNY 76,007,190.45 in the same period of 2021[32]. - Cash inflow from operating activities totaled CNY 1,691,709,230.14, slightly up from CNY 1,630,280,259.39 in 2021, indicating a growth of about 3.7%[30]. - Cash outflow from operating activities decreased to CNY 1,654,993,109.76 in 2022 from CNY 1,706,287,449.84 in 2021, a reduction of approximately 3.0%[32]. - Cash and cash equivalents at the end of the first three quarters of 2022 stood at CNY 611,366,118.30, compared to CNY 424,384,037.18 at the end of the same period in 2021, marking an increase of about 44.0%[34]. - The company's cash and cash equivalents decreased to CNY 611,366,118.30 as of September 30, 2022, from CNY 666,677,703.53 at the end of 2021, a decline of approximately 8.3%[19]. - Total cash inflow from financing activities was CNY 57,056,737.58, down from CNY 130,000,000.00 in 2021, a decrease of approximately 56.1%[32]. - Net cash flow from financing activities for the first three quarters of 2022 was negative CNY 54,540,461.76, compared to negative CNY 32,411,971.29 in 2021, indicating a worsening of cash flow[34]. Operational Challenges and Investments - The company faced challenges in sales due to repeated COVID-19 outbreaks in Gansu and Shaanxi, impacting revenue[8]. - Research and development expenses increased by 40.22% year-to-date, attributed to the addition of five new R&D projects[8]. - Research and development expenses for the first three quarters of 2022 were CNY 41,556,276.87, up from CNY 29,636,106.28 in the same period of 2021, marking an increase of 40.1%[25]. - The company plans to enhance market expansion efforts despite the current challenges, focusing on increasing operational efficiency[8]. - The company's operating costs for the first three quarters of 2022 were CNY 1,291,585,156.77, which is an increase of 24.0% from CNY 1,040,822,717.44 in the same period of 2021[25]. - Inventory as of September 30, 2022, was CNY 1,455,914,704.50, an increase of 9.7% from CNY 1,326,965,262.00 at the end of 2021[21]. - The company paid CNY 434,854,517.96 in taxes during the first three quarters of 2022, an increase from CNY 412,072,870.79 in 2021, representing a rise of approximately 5.5%[32].