Yongjin Technology (SH:603995)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥9,389,173,004.84, representing a year-on-year increase of 12.41%[5] - The net profit attributable to shareholders for Q3 2022 was ¥48,142,741.14, a decrease of 68.26% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥40,027,883.78, down 72.65% year-on-year[5] - The basic earnings per share for Q3 2022 was ¥0.14, reflecting a decline of 78.46% compared to the previous year[7] - The diluted earnings per share for Q3 2022 was also ¥0.14, showing a decrease of 78.46% year-on-year[7] - The weighted average return on equity for Q3 2022 was 1.32%, a decrease of 70.80 percentage points compared to the same period last year[7] - Total operating revenue for the first three quarters of 2022 reached CNY 30,364,218,749.23, a significant increase from CNY 22,487,266,896.52 in the same period of 2021, representing a growth of approximately 35.5%[24] - Net profit for the third quarter of 2022 was CNY 430,348,163.20, down from CNY 524,801,317.66 in the same quarter of 2021, reflecting a decrease of approximately 18%[31] - The company reported a decrease in comprehensive income for the third quarter of 2022, totaling CNY 446,606,149.98 compared to CNY 522,653,737.75 in the same quarter of 2021, a decline of approximately 14.6%[31] - The total comprehensive income attributable to the parent company's owners for the first three quarters of 2022 was CNY 362,420,328.47, compared to CNY 434,617,849.90 in the same period of 2021, representing a decrease of approximately 16.6%[33] - Basic and diluted earnings per share for the first three quarters of 2022 were both CNY 1.04, down from CNY 1.87 in the same period of 2021, indicating a decline of about 44.3%[33] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥11,334,769,958.53, an increase of 14.86% from the end of the previous year[7] - As of September 30, 2022, the total assets of the company reached ¥11,334,769,958.53, an increase from ¥9,868,143,744.63 at the end of 2021, representing a growth of approximately 14.8%[19] - The company's current assets totaled ¥5,005,235,492.98, up from ¥4,433,298,784.83 in the previous year, indicating an increase of about 12.9%[19] - The company's non-current assets totaled ¥6,329,534,465.55, up from ¥5,434,844,959.80, reflecting an increase of about 16.4%[22] - Total current liabilities amounted to ¥4,652,388,512.82, compared to ¥3,475,626,234.73, indicating a rise of approximately 33.8%[22] - The total liabilities of the company increased to ¥4,652,388,512.82, which is a significant rise from the previous year[22] - The total liabilities increased to CNY 6,721,873,041.97 in 2022 from CNY 5,516,599,636.68 in 2021, representing a growth of approximately 21.8%[24] - The total equity attributable to shareholders reached CNY 3,939,969,631.19, up from CNY 3,742,388,219.74 in the previous year, indicating an increase of about 5.3%[24] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at ¥-473,982,547.71[5] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 33,103,993,062.66, an increase of approximately 33.5% from CNY 24,891,872,873.90 in the same period of 2021[33] - The net cash flow from operating activities for the first three quarters of 2022 was negative CNY 473,982,547.71, compared to a positive CNY 272,821,803.55 in the same period of 2021[35] - Cash inflow from investment activities for the first three quarters of 2022 was CNY 1,444,891,033.70, significantly higher than CNY 177,987,014.07 in the same period of 2021[35] - The net cash flow from investment activities for the first three quarters of 2022 was negative CNY 820,098,331.39, an improvement from negative CNY 1,315,427,306.07 in the same period of 2021[35] - Cash inflow from financing activities for the first three quarters of 2022 was CNY 1,337,653,938.50, compared to CNY 1,164,954,727.72 in the same period of 2021, reflecting an increase of approximately 14.8%[35] - The net cash flow from financing activities for the first three quarters of 2022 was CNY 329,168,600.02, down from CNY 427,494,023.55 in the same period of 2021, indicating a decrease of about 23%[35] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2022 was CNY 594,346,926.00, compared to CNY 417,279,772.18 at the end of the same period in 2021, representing an increase of approximately 42.5%[35] - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 32,733,835,727.61 for the first three quarters of 2022, compared to CNY 24,595,001,049.19 in the same period of 2021, marking an increase of about 33.5%[33] Costs and Expenses - Total operating costs for the first three quarters of 2022 amounted to CNY 29,845,308,490.70, compared to CNY 21,839,004,399.53 in 2021, indicating an increase of about 36.7%[27] - Research and development expenses for the first three quarters of 2022 were CNY 557,474,650.86, significantly higher than CNY 248,495,164.17 in 2021, marking an increase of about 124%[27] - The financial expenses for the first three quarters of 2022 were CNY 145,339,374.37, compared to CNY 34,331,608.40 in 2021, showing a significant increase of about 323%[27] Market Conditions - The company attributed the decline in net profit for Q3 2022 to insufficient market demand and significant decreases in product market prices[11] - The company reported no significant new strategies or product developments during the conference call[16]