虹软科技(688088) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥128,539,818.93, a decrease of 11.91% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2022 was -¥2,464,825.96, representing a decline of 106.75% year-over-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was -¥7,239,729.80, down 128.70% from the previous year[6] - The basic earnings per share for Q3 2022 was -¥0.01, a decrease of 111.11% compared to the same period last year[9] - The net profit attributable to shareholders for the year-to-date period was ¥53,265,295.75, down 56.47% year-over-year[6] - Total revenue for the first three quarters of 2022 was CNY 390,770,285.39, a decrease of 12.5% compared to CNY 446,553,450.50 in the same period of 2021[39] - The net profit for the third quarter of 2022 was CNY 52,583,717.65, a decrease of 56.3% compared to CNY 120,574,036.91 in the same period of 2021[41] - The total comprehensive income for the third quarter of 2022 was CNY 116,075,159.62, slightly up from CNY 115,249,847.02 year-over-year[44] - Basic and diluted earnings per share for the third quarter of 2022 were both CNY 0.13, down from CNY 0.30 in the previous year[44] Expenses and Costs - Research and development expenses totaled ¥77,054,371.53 in Q3 2022, accounting for 59.95% of operating revenue, an increase of 12.45 percentage points year-over-year[9] - Total operating costs for the first three quarters of 2022 were CNY 342,531,124.29, slightly down from CNY 347,696,245.95 in 2021, indicating a cost management improvement[39] - Research and development expenses for the first three quarters of 2022 amounted to CNY 199,409,271.42, a decrease of 1.4% from CNY 202,835,637.97 in the previous year[39] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥2,902,683,426.76, a slight decrease of 0.30% from the end of the previous year[9] - Cash and cash equivalents increased to CNY 1,462,561,238.22 as of September 30, 2022, compared to CNY 871,969,351.16 at the end of 2021, reflecting improved liquidity[30] - Total current assets decreased to CNY 2,267,012,163.24 from CNY 2,422,647,756.86 at the end of 2021, indicating a reduction in asset base[34] - The total liabilities decreased to CNY 343,133,826.26 from CNY 369,098,226.15, indicating a reduction in financial leverage[35] - The total equity attributable to shareholders increased to CNY 2,559,254,112.42 from CNY 2,542,131,065.82, reflecting retained earnings growth[35] Cash Flow - The cash flow from operating activities for the year-to-date period decreased by 61.82% due to reduced sales collections[15] - Cash flow from operating activities generated a net inflow of CNY 47,330,737.37, a significant decrease from CNY 123,977,440.99 in the same quarter of 2021[48] - Cash inflow from investment activities totaled CNY 2,468,165,832.16, compared to CNY 3,972,362,974.21 in the previous year[48] - The net cash flow from investment activities was CNY 569,886,826.89, an increase from CNY 244,777,896.98 year-over-year[48] - The net cash flow from financing activities was negative at CNY -86,671,281.70, improving from CNY -322,971,122.29 in the same quarter of 2021[48] - The cash and cash equivalents at the end of the period stood at CNY 1,462,561,238.22, up from CNY 921,987,752.11 year-over-year[51] Business Development and Strategy - The company plans to increase recruitment in the intelligent driving sector to support its business development[15] - The company is focusing on market expansion and new product development to drive future growth, with ongoing investments in technology[39] - The company plans to enhance operational efficiency and reduce costs further in the upcoming quarters to improve profitability[39] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,800[16] - The largest shareholder, Hongrun Capital Management Co., Ltd., holds 118,698,800 shares, accounting for 29.24% of total shares[16] - The second-largest shareholder, Nanjing Ruilian Emerging Industry Investment Fund, holds 61,658,064 shares, representing 15.19% of total shares[16] Product and Market Updates - The company's revenue from mobile intelligent terminal visual solutions for the first three quarters of 2022 is 350.44 million RMB, a year-on-year decrease of 15.94%[26] - Revenue from intelligent driving visual solutions for the same period is 30.19 million RMB, an increase of 1,316.40 million RMB year-on-year[26] - The company has established new mass production projects with several automotive manufacturers, including Chery and Great Wall, since July 2022[26] - The company has launched multiple models equipped with its onboard visual solutions, including models from Dongfeng and SAIC Motor[26] Legal Matters - The company is currently involved in a lawsuit related to its subsidiary, ArcSoft Inc., which is in the pre-trial investigation stage[26] Agreements and Plans - A software licensing agreement worth 220 million RMB was signed with a specific client, which is currently in normal execution[26] - The company has terminated its 2020 restricted stock incentive plan as of July 2022[28]