Accotest(SH:688200)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥236,997,016.80, a decrease of 24.23% compared to the same period last year[8] - The net profit attributable to shareholders for Q3 2022 was ¥111,007,533.06, down 31.80% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥105,024,128.20, reflecting a decline of 40.28% compared to the previous year[8] - Basic earnings per share for Q3 2022 were ¥1.22, a decrease of 32.12% year-on-year[12] - Total operating revenue for the first three quarters of 2022 reached ¥778,119,309.29, an increase of 22.1% compared to ¥637,210,826.11 in the same period of 2021[35] - Net profit for the third quarter of 2022 was ¥381,534,267.64, representing a 22.5% increase from ¥311,192,769.63 in Q3 2021[41] - Basic earnings per share for the first three quarters of 2022 were ¥4.20, compared to ¥3.43 in the same period of 2021, reflecting a 22.5% increase[44] - The company reported a total comprehensive income of ¥389,096,843.21 for the third quarter of 2022, compared to ¥311,192,808.66 in the same quarter of 2021, reflecting a growth of 25.1%[43] Research and Development - The total R&D investment for Q3 2022 was ¥30,970,534.74, an increase of 35.15% compared to the same period last year[12] - R&D investment accounted for 13.07% of operating revenue, an increase of 5.74 percentage points year-on-year[12] - Research and development expenses for the first three quarters of 2022 totaled ¥86,277,612.25, an increase of 34.0% from ¥64,383,776.47 in the previous year[38] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥3,165,775,518.12, an increase of 8.62% compared to the end of the previous year[12] - The equity attributable to shareholders at the end of Q3 2022 was ¥2,928,904,505.49, up 11.74% from the end of the previous year[12] - As of September 30, 2022, the total current assets amounted to RMB 2,482,597,523.78, an increase from RMB 2,354,638,982.41 at the end of 2021, reflecting a growth of approximately 5.4%[29] - The total assets of the company as of September 30, 2022, were RMB 3,165,775,518.12, compared to RMB 2,914,631,551.32 at the end of 2021, representing a growth of approximately 8.6%[29] - The company's inventory stood at RMB 200,784,308.40, which is an increase from RMB 188,665,373.50 in the previous year, showing a growth of about 6%[29] - The total liabilities decreased to RMB 226,278,084.92 from RMB 285,243,056.13, reflecting a reduction of approximately 20.7%[33] - The accounts receivable increased to RMB 293,518,998.32 from RMB 157,821,537.11, marking an increase of about 86%[29] - The company reported a decrease in contract liabilities from RMB 129,331,202.19 to RMB 85,806,091.38, a reduction of approximately 33.6%[33] - The non-current assets totaled RMB 683,177,994.34, up from RMB 559,992,568.91, indicating an increase of about 22%[33] - Total liabilities decreased to ¥236,871,012.63 in 2022 from ¥293,536,132.08 in 2021, a reduction of 19.3%[35] - Total equity attributable to shareholders reached ¥2,928,904,505.49, up 11.7% from ¥2,621,095,419.24 in the previous year[35] Cash Flow - The company reported a net cash flow from operating activities of ¥269,232,996.64 for the year-to-date, reflecting a 3.66% increase[12] - Cash inflow from operating activities for the first three quarters of 2022 was ¥810,899,872.85, compared to ¥685,951,725.35 in the same period of 2021, indicating a growth of 18.2%[44] - Cash flow from operating activities net amount was $269,232,996.64, an increase from $259,721,667.09 in the previous period[47] - Cash inflow from investment activities totaled $354,394,594.39, significantly down from $2,650,362,602.77 in the prior period[47] - Cash outflow from investment activities was $622,725,329.22, compared to $2,457,891,213.39 previously[47] - Net cash flow from financing activities was -$111,676,475.11, worsening from -$47,800,575.12 in the last period[49] - The ending balance of cash and cash equivalents was $897,190,286.85, down from $1,000,953,087.56 at the beginning of the period[49] - Total cash outflow for employee payments increased to $137,340,505.76 from $106,012,965.40[47] - Total tax payments rose to $140,795,527.14, compared to $59,507,180.72 in the previous period[47] - Cash inflow from investment recovery was $341,313,916.19, a significant decrease from $2,521,000,000.00[47] - Cash outflow for other investment activities was $481,223,500.00, compared to $26,000,000.00 previously[47] - The company adjusted cash payments related to lease liabilities, impacting cash flow reporting[50] Market Conditions - The decline in net profit was attributed to the ongoing impact of the pandemic, leading to decreased demand and a downturn in the semiconductor equipment sector[18] - The company’s major shareholder, China Times Yuanwang Technology Co., Ltd., held 16,391,098 shares, representing 18% of the total shares[22]