Autel(SH:688208)2022-10-27 16:00Financial Performance - The company's revenue for Q3 2022 was ¥510,999,985.97, representing a decrease of 13.21% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was ¥16,578,194.08, down 85.07% year-on-year[7]. - The net profit after deducting non-recurring gains and losses for Q3 2022 was ¥8,547,876.91, a decline of 91.93% compared to the previous year[7]. - The company reported a basic earnings per share of ¥0.04 for Q3 2022, down 84.00% year-on-year[11]. - Total revenue for the first three quarters of 2022 was CNY 1,544,073,514.52, a decrease of 5.5% compared to CNY 1,634,811,362.45 in the same period of 2021[36]. - Operating profit for the first three quarters of 2022 was CNY 122,245,484.68, down from CNY 318,198,763.99 in 2021, indicating a decline of 61.6%[39]. - The total profit for the period was CNY 121,368,703.14, a decrease from CNY 318,604,429.53 in the previous period[43]. - The net profit attributable to shareholders was CNY 102,230,530.61, down from CNY 342,287,802.64 year-over-year[43]. - The total comprehensive income for the period was CNY 140,517,539.31, compared to CNY 348,040,448.62 in the previous period[45]. - Basic earnings per share decreased to CNY 0.23 from CNY 0.76[45]. Research and Development - Research and development expenses totaled ¥156,525,423.18 in Q3 2022, accounting for 30.63% of revenue, an increase of 6.69 percentage points year-on-year[11]. - Research and development expenses rose to CNY 394,483,631.12, compared to CNY 339,430,140.66 in the previous year, marking an increase of 16.2%[39]. Market Performance - Revenue from the North American market decreased by 15.91% year-on-year, primarily due to a decline in ADAS and battery testing products[20]. - Revenue from the European market increased by 13.33% year-on-year, driven by strong growth in automotive diagnostic products and software cloud services[20]. Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥5,182,529,905.10, a 23.35% increase from the end of the previous year[11]. - Non-current assets totaled CNY 1,614,311,563.71, up from CNY 1,524,645,877.27, representing a growth of 5.9%[36]. - Total assets increased to CNY 5,182,529,905.10 from CNY 4,201,425,559.54, reflecting a growth of 23.3%[36]. - Current liabilities decreased significantly to CNY 731,807,630.98 from CNY 1,229,332,290.94, a reduction of 40.5%[36]. - Total liabilities amounted to CNY 2,071,275,828.35, compared to CNY 1,342,548,136.80, indicating an increase of 54.3%[36]. - Shareholder equity rose to CNY 3,111,254,076.75 from CNY 2,858,877,422.74, an increase of 8.8%[36]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥364,782,370.27, reflecting a decrease of 337.45%[11]. - Cash flow from operating activities showed a net outflow of CNY -364,782,370.27, compared to CNY -83,389,110.05 in the previous period[48]. - Cash flow from investing activities generated a net inflow of CNY 19,837,441.72, a significant increase from CNY 5,257,028.38 year-over-year[48]. - Cash flow from financing activities resulted in a net inflow of CNY 837,996,483.43, compared to CNY 185,913,007.83 in the previous period[50]. - The ending cash and cash equivalents balance was CNY 1,195,905,395.93, up from CNY 925,338,573.05[50]. - The company received CNY 1,264,668,160.00 from bond issuance during the financing activities[50]. - The company reported a decrease in cash received from sales of goods and services to CNY 1,499,038,509.81 from CNY 1,670,542,609.54 in the previous period[48]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,320[21]. - The largest shareholder, Li Hongjing, holds 173,091,606 shares, representing 38.38% of the total shares[21]. - The top ten shareholders hold significant stakes, with the second-largest shareholder, Li Hong, owning 21,095,000 shares, or 4.68%[21]. - The third-largest shareholder, Shenzhen Nanshan Hongtai Equity Investment Fund, holds 16,100,595 shares, representing 3.57%[21]. - The company has not reported any significant changes in the status of shares held by major shareholders[21]. Strategic Outlook - The company plans to continue investing in new product development and market expansion strategies to improve future performance[19]. - The report does not indicate any new strategies or product developments during the reporting period[29].