Pinming Software(SH:688109)2022-10-24 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥88,342,601.49, representing a decrease of 15.41% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥34,648,099.58, which is not applicable for year-on-year comparison, while the year-to-date loss reached ¥52,950,386.31, a significant increase of 259.35%[5]. - The company reported a net operating loss of CNY 53,747,737.09, contrasting with an operating profit of CNY 35,583,898.56 in the same period last year[21]. - The net profit for Q3 2022 was -52,950,386.31 RMB, compared to a net profit of 33,229,630.55 RMB in Q3 2021, indicating a significant decline[22]. - The basic and diluted earnings per share for Q3 2022 were both -0.97 RMB, down from 0.67 RMB in the same period last year[23]. - The company's total comprehensive income for Q3 2022 was -52,950,386.31 RMB, compared to 33,229,630.55 RMB in Q3 2021, indicating a significant downturn[23]. Research and Development - The R&D investment totaled ¥38,955,109.24 in Q3 2022, an increase of 37.06% year-on-year, accounting for 44.10% of operating revenue, up by 16.88 percentage points[6]. - Research and development expenses for the current reporting period amount to 37.06 million, driven by investments in enterprise-level intelligent platforms and AI innovations[11]. - Cumulative research and development expenses for the year-to-date period total 53.67 million, highlighting a substantial increase in R&D investment compared to previous periods[11]. - Research and development expenses for the first three quarters of 2022 were CNY 105,228,615.69, an increase of 54.4% from CNY 68,130,261.70 in the same period of 2021[28]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥154,502,645.14 for the year-to-date period, indicating significant cash outflow[5]. - The company has faced challenges in cash flow, with significant net outflows due to difficulties in collecting accounts receivable and fixed costs such as employee salaries and rent[10]. - Cash flow from operating activities for the first three quarters of 2022 was -154,502,645.14 RMB, compared to -67,174,283.13 RMB in the first three quarters of 2021, reflecting worsening cash flow[24]. - The total cash inflow from investment activities in Q3 2022 was 546,580,973.69 RMB, significantly higher than 64,247,785.85 RMB in Q3 2021[24]. - The net cash flow from investment activities for Q3 2022 was 130,113,897.45 RMB, a recovery from -481,865,623.56 RMB in the same period last year[24]. - The total cash inflow from financing activities was CNY 626,961,082.49, while cash outflow was CNY 40,931,470.38, resulting in a net cash flow of -CNY 40,931,470.38, compared to a positive net cash flow of CNY 552,845,059.07 in the previous year[31]. Assets and Liabilities - The total assets at the end of the reporting period were ¥903,479,312.75, down 12.57% from the end of the previous year[6]. - Total assets as of September 30, 2022, were CNY 903,479,312.75, down from CNY 1,033,379,389.74 at the end of 2021, a reduction of 12.6%[19]. - Total liabilities decreased to CNY 73,182,312.94 from CNY 123,597,484.86, marking a decline of 40.7%[19]. - The company's equity attributable to shareholders decreased to CNY 830,296,999.81 from CNY 909,781,904.88, a drop of 8.7%[19]. - Total liabilities as of September 30, 2022, were CNY 117,389,443.72, a decrease of 32.3% from CNY 173,523,056.18 at the end of 2021[27]. Market and Economic Conditions - The decline in operating revenue was attributed to the adverse impacts of the macroeconomic environment, particularly in the construction industry, and the recurring COVID-19 pandemic[9]. - The ongoing macroeconomic environment and the impact of COVID-19 have adversely affected the company's revenue growth prospects[10]. - The company faced challenges in client communication and marketing activities due to restrictions, impacting revenue generation[9]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 3,645, indicating a stable shareholder base[14]. - The largest shareholder, Mo Xujun, holds 25.06% of the shares, with a total of 13,624,638 shares[14].