Aohong Electronics(SH:605058)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥281,430,194.02, representing a decrease of 5.52% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥49,197,177.86, an increase of 19.27% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥43,075,250.04, up by 20.97% compared to the previous year[5]. - The basic earnings per share for the quarter was ¥0.34, reflecting a year-on-year increase of 17.24%[6]. - Net profit for Q3 2022 reached CNY 126,590,384.57, representing a 7.4% increase compared to CNY 118,344,260.89 in Q3 2021[21]. - The company reported a total profit of CNY 140,687,552.64 for Q3 2022, which is an increase of 6.5% from CNY 132,096,141.45 in Q3 2021[21]. - Operating profit for Q3 2022 was CNY 140,762,318.83, up from CNY 128,537,403.52 in Q3 2021, showing a growth of 9.6%[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,450,546,535.89, a decrease of 2.14% from the end of the previous year[6]. - As of September 30, 2022, total current assets amounted to RMB 1,757,187,614.38, down from RMB 1,948,404,980.39 at the end of 2021, indicating a decrease of about 9.8%[14]. - The company's cash and cash equivalents were RMB 608,846,272.46, a decline from RMB 668,265,878.83 at the end of 2021, representing a decrease of approximately 8.9%[14]. - Total liabilities decreased to RMB 936,401,992.26 from RMB 1,072,998,225.84, reflecting a reduction of approximately 13.7%[17]. - The company's total assets as of September 30, 2022, were RMB 2,450,546,535.89, slightly down from RMB 2,504,075,714.56 at the end of 2021, indicating a decrease of about 2.1%[17]. - Non-current assets totaled RMB 693,358,921.51, an increase from RMB 555,670,734.17, representing a growth of approximately 24.8%[16]. - The company's retained earnings rose to RMB 569,956,455.94 from RMB 486,243,256.37, marking an increase of about 17.2%[17]. - The total equity attributable to shareholders increased to RMB 1,514,144,543.63 from RMB 1,431,077,488.72, reflecting a growth of approximately 5.8%[17]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥118,965,535.42, showing an increase of 11.58%[6]. - The company recorded a net cash inflow from operating activities of CNY 726,234,133.48 for the first three quarters of 2022, compared to CNY 519,568,648.72 in the same period of 2021, a growth of 39.8%[23]. - The net cash flow from operating activities for Q3 2022 was $118,965,535.42, an increase from $106,620,630.87 in Q3 2021, reflecting a growth of approximately 12.4%[24]. - The total cash inflow from investment activities was $745,328,015.82, down from $998,779,214.18 in the previous year, indicating a decrease of about 25.4%[24]. - The net cash flow from investment activities was negative at -$182,425,435.72, compared to a positive $2,250,494.23 in Q3 2021, showing a significant decline[24]. - Cash inflow from financing activities totaled $222,222,147.53, an increase from $167,925,000.00 in the same quarter last year, representing a growth of approximately 32.2%[24]. - The net cash flow from financing activities was -$3,201,431.40, an improvement from -$9,894,656.50 in Q3 2021, indicating a reduction in cash outflow[24]. - The total cash and cash equivalents at the end of Q3 2022 were $567,643,506.26, down from $636,065,896.56 at the end of Q3 2021, reflecting a decrease of about 10.8%[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,650[11]. - Major shareholders include Yang Jiuhong with a 44.08% stake and Chen Dinghong with an 18.89% stake[11]. Operating Costs and Expenses - Total operating costs for Q3 2022 were CNY 730,583,309.80, an increase of 4.8% from CNY 697,339,607.73 in Q3 2021[20]. - Research and development expenses for Q3 2022 amounted to CNY 41,607,600.52, slightly up from CNY 40,236,837.73 in Q3 2021, indicating a focus on innovation[20]. - The company’s financial expenses for Q3 2022 were CNY -32,630,032.70, significantly higher than CNY -5,021,820.44 in Q3 2021, suggesting increased financial costs[20]. - The company paid $119,215,050.22 in employee compensation and related cash payments, an increase from $97,419,872.01 in the previous year, marking a rise of approximately 22.3%[24]. - The cash paid for the acquisition of fixed assets and intangible assets was $257,753,451.54, significantly higher than $66,528,719.95 in Q3 2021, indicating a substantial increase in capital expenditures[24]. Inventory and Receivables - The company reported a decrease in inventory to RMB 273,365,642.79 from RMB 323,475,777.69, indicating a decline of about 15.5%[14]. - Accounts receivable increased to RMB 332,387,695.37 from RMB 306,500,857.68, showing a rise of about 8.4%[14]. Other Comprehensive Income - Other comprehensive income after tax for Q3 2022 was CNY -646,144.66, compared to CNY -573,688.05 in Q3 2021, indicating a decline in this area[21]. - The impact of exchange rate changes on cash and cash equivalents was positive at $29,428,181.85, compared to a negative impact of -$1,781,152.56 in Q3 2021, indicating a favorable currency effect[24].