四方新材(605122) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥440,754,167.57, representing a year-on-year increase of 55.03%[4] - The net profit attributable to shareholders was -¥771,193.68, a decrease of 102.12% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥3,038,264.29, down 109.00% year-on-year[4] - The basic earnings per share for the period was -¥0.01, a decline of 104.76% compared to the previous year[5] - The net profit attributable to the parent company was 51 million RMB, a year-on-year decline of 51.82%[14] - Net profit for the third quarter of 2022 was ¥51,136,746.01, a decrease of 51.3% from ¥105,143,596.06 in the same quarter of 2021[27] - Basic earnings per share for the third quarter of 2022 were ¥0.29, down from ¥0.65 in the same quarter of 2021[27] - The net profit for the first three quarters of 2022 was CNY 46.71 million, down 55.6% from CNY 105.14 million in the same period of 2021[36] - The company recorded a total profit of CNY 54.95 million for the first three quarters of 2022, down 55.1% from CNY 121.99 million in the same period of 2021[35] Revenue and Costs - The company achieved operating revenue of 1.177 billion RMB, representing a year-on-year growth of 48.57%[14] - Total revenue for the first three quarters of 2022 reached ¥1,176,698,881.55, a significant increase of 48.7% compared to ¥792,012,631.80 in the same period of 2021[25] - Total operating costs for the first three quarters of 2022 were ¥1,090,586,602.88, up 63.2% from ¥668,630,800.20 in the previous year[25] - The total operating costs decreased to CNY 545.79 million in 2022 from CNY 620.69 million in 2021, reflecting a reduction of 12.1%[35] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,200,753,655.26, an increase of 19.11% from the end of the previous year[5] - Total assets increased to ¥4,200,753,655.26 in Q3 2022, compared to ¥3,526,892,163.69 in Q3 2021, reflecting a growth of 19.1%[23] - Total liabilities rose to ¥1,828,886,869.09 in Q3 2022, up 52.1% from ¥1,201,955,555.94 in Q3 2021[23] - Total liabilities as of September 30, 2022, were CNY 1,160,152,103.72, up from CNY 896,616,269.19 at the end of 2021[33] - The company's total equity as of September 30, 2022, was CNY 2,334,604,781.25, compared to CNY 2,301,283,600.72 at the end of 2021, reflecting a growth of 1.5%[33] Cash Flow - The cash flow from operating activities was -¥168,260,664.08, indicating a negative cash flow situation[4] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 839,476,406.76, compared to CNY 515,853,907.93 in the same period of 2021, representing a 62.7% increase[29] - Net cash outflow from operating activities was CNY -168,260,664.08 for the first three quarters of 2022, worsening from CNY -85,410,684.31 in 2021[29] - Cash inflow from financing activities totaled CNY 502,150,904.64 in Q3 2022, down from CNY 1,361,165,100.00 in Q3 2021[30] - Net cash inflow from financing activities was CNY 348,152,077.77 in Q3 2022, compared to CNY 886,884,338.73 in Q3 2021[30] Market Conditions - The gross profit margin for ready-mixed concrete decreased due to intense market competition and low prices[9] - The company expects an increase in credit impairment losses due to liquidity issues faced by downstream real estate developers[9] - The company reported a significant decline in the real estate sector, with new construction area in Chongqing down 52.2% year-on-year from January to August 2022[14] - The average tax-inclusive guiding price for ready-mixed concrete (C30 specification) in Chongqing was 396.11 RMB per cubic meter, a decrease of 25.56 RMB compared to the same period last year[15] - The average guiding price for 42.5-grade (bagged) cement was 514.44 RMB per ton, down 5 RMB from the previous year[15] Investments and Subsidiaries - The company added three new subsidiaries, contributing to the increase in sales volume and operating revenue[9] - The company acquired 78% of Chongqing Xinke New Building Materials Co., Ltd. for 240 million RMB to establish a new production base in the western region of Chongqing[16] - The company also agreed to acquire 82% of Chongqing Qingyi Hui Industrial Co., Ltd. at no cost, adding another production base in the northern region of Chongqing[16] - The company invested a total of 452.0056 million RMB in raised funds by September 30, 2022, with 55 million RMB used to temporarily supplement working capital[17] - The company completed the industrial layout of ready-mixed concrete production bases in four key areas around Chongqing, achieving full coverage of service areas[17] Other Financial Metrics - The weighted average return on equity decreased by 3.47 percentage points to -0.03%[5] - The company reported a net credit impairment loss of ¥-38,680,832.00 in Q3 2022, worsening from ¥-13,211,871.91 in the same quarter of 2021[26] - The company's goodwill increased to ¥226,184,198.64 in Q3 2022, compared to ¥18,460,027.01 in Q3 2021, showing a substantial rise[22] - The company reported a significant increase in interest expenses, rising to CNY 12.52 million from CNY 6.51 million in the previous year[35]