长龄液压(605389) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was CNY 210,898,487.14, representing a year-on-year increase of 32.27%[5] - The net profit attributable to shareholders for the same period was CNY 26,847,057.45, a decrease of 27.91% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 26,639,894.01, down 25.90% year-on-year[5] - Basic earnings per share for Q3 2022 were CNY 0.21, a decrease of 50.00% compared to the same period last year[6] - The diluted earnings per share for Q3 2022 were also CNY 0.21, down 50.00% year-on-year[6] - Total operating revenue for the first three quarters of 2022 was CNY 651.91 million, a decrease of 3.7% compared to CNY 678.28 million in the same period of 2021[22] - Net profit for the first three quarters of 2022 was CNY 94.47 million, down 40.1% from CNY 157.69 million in the same period of 2021[23] - Basic and diluted earnings per share for the first three quarters of 2022 were CNY 0.73, compared to CNY 1.77 in the same period of 2021[24] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was CNY 42,924,066.98, reflecting a decline of 64.20%[6] - The net cash flow from operating activities was 42,924,066.98 RMB, a decrease of 64.2% compared to 119,898,769.43 RMB in the previous year[27] - The total cash and cash equivalents at the end of the period amounted to 787,391,248.29 RMB, down from 1,149,359,754.32 RMB year-over-year[28] - The total assets as of September 30, 2022, were 1,967,554,984.65 RMB, a decrease from 1,999,768,922.48 RMB at the end of 2021[29] - The company's cash and cash equivalents were RMB 789,311,248.29, down from RMB 809,788,219.53 at the end of 2021.[16] - The company's inventory increased to RMB 177,142,995.91 from RMB 165,949,293.20 at the end of 2021.[16] - The company reported a decrease in accounts receivable to RMB 276,952,781.45 from RMB 292,944,065.01 at the end of 2021.[16] Expenses and Liabilities - Total operating costs increased to CNY 547.66 million, up 9.2% from CNY 501.13 million year-on-year[22] - Research and development expenses for the first three quarters of 2022 were CNY 24.81 million, down 13.0% from CNY 28.62 million in the same period of 2021[22] - Sales expenses increased to CNY 9.62 million, up 51.5% from CNY 6.34 million year-on-year[22] - Management expenses rose to CNY 33.55 million, an increase of 58.2% compared to CNY 21.18 million in the same period of 2021[22] - The company reported a financial expense of CNY -15.06 million, compared to CNY -9.44 million in the same period of 2021[22] - The total liabilities decreased to RMB 193,298,435.55 from RMB 267,956,048.95 at the end of 2021.[19] - The company's total non-current liabilities increased to 35,618,216.91 RMB from 24,765,072.91 RMB year-over-year[29] Market and Industry Impact - The decline in net profit was attributed to a downturn in the engineering machinery industry and increased fixed costs from newly operational investment projects[10] - The total sales of excavators in China from January to September 2022 reached 200,296 units, a year-on-year decline of 28.3%, impacting the sales of the company's tensioning devices and central swivel joints.[14] - The company is currently in the verification stage for its solar photovoltaic swivel reducer, which has not yet generated significant sales impact on revenue and profit.[15] - The company has not yet formed large-scale sales for its engineering machinery swivel reducer, which is currently in small batch supply to downstream manufacturers.[15] Changes in Equity - The equity attributable to shareholders at the end of the reporting period was CNY 1,818,009,158.49, an increase of 2.02% compared to the previous year[6] - The company's equity attributable to shareholders reached RMB 1,818,009,158.49, up from RMB 1,781,940,068.01 at the end of 2021.[19] - The company's total equity increased to 136,266,760.00 RMB from 97,333,400.00 RMB in the previous year, indicating a growth of 40%[29]