CHIPPACKING(SH:688216)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥120,420,532.68, a decrease of 47.14% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2022 was -¥23,115,630.24, representing a decline of 156.02% year-over-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥28,125,350.30, down 170.64% from the previous year[6] - In the first nine months of 2022, the company's revenue was CNY 407.62 million, a year-on-year decrease of 31.38%[15] - The net profit attributable to shareholders for the same period was CNY -23.77 million, a year-on-year decline of 121.75%[15] - The company's net profit excluding non-recurring gains and losses was CNY -37.10 million, down 135.09% year-on-year[15] - Net profit for the third quarter of 2022 was a loss of CNY 23,768,564.08, a significant decline from a profit of CNY 109,303,774.51 in the same quarter of 2021[24] - Basic and diluted earnings per share for the third quarter of 2022 were both CNY -0.22, compared to CNY 1.23 in the same quarter of 2021[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,686,691,591.33, a decrease of 8.59% compared to the end of the previous year[7] - As of September 30, 2022, the company's total current assets were CNY 410.10 million, down from CNY 705.63 million at the end of 2021[18] - Cash and cash equivalents decreased to CNY 121.67 million from CNY 177.27 million at the end of 2021[18] - Inventory increased to CNY 127.55 million, compared to CNY 103.51 million at the end of 2021[18] - The company's fixed assets rose to CNY 1.05 billion from CNY 921.25 million at the end of 2021[18] - Non-current assets totaled CNY 1,276,590,414.82 as of the end of the third quarter of 2022, an increase from CNY 1,139,583,815.50 at the end of the previous year[20] - Total liabilities amounted to CNY 755,427,451.92, down from CNY 843,678,270.15 in the previous year[20] - The company's total assets were CNY 1,686,691,591.33, compared to CNY 1,845,210,003.48 in the previous year[20] - The company reported a total equity of CNY 931,264,139.41, down from CNY 1,001,531,733.33 in the previous year[20] Cash Flow - The net cash flow from operating activities was -¥50,203,850.58, reflecting a decline of 145.84% year-over-year[7] - In the first three quarters of 2022, the cash inflow from operating activities was approximately $472.51 million, a decrease of 9.9% compared to $524.70 million in the same period of 2021[26] - The net cash flow from operating activities for Q3 2022 was -$50.20 million, contrasting with a positive net cash flow of $109.51 million in Q3 2021[27] - Cash inflow from investment activities in the first three quarters of 2022 was approximately $451.20 million, significantly higher than $96.21 million in the same period of 2021[27] - The net cash flow from investment activities for Q3 2022 was -$47.39 million, an improvement from -$357.46 million in Q3 2021[27] - The cash inflow from financing activities in Q3 2022 was $146.30 million, down from $401.18 million in Q3 2021[27] - The net cash flow from financing activities for Q3 2022 was $62.95 million, compared to $309.20 million in Q3 2021[27] - The total cash and cash equivalents at the end of Q3 2022 stood at approximately $58.85 million, down from $83.32 million at the end of Q3 2021[27] - The company reported a significant increase in cash received from investment recoveries, totaling $444.01 million in Q3 2022, compared to $95.50 million in Q3 2021[27] - The company paid approximately $342.75 million for goods and services in the first three quarters of 2022, an increase from $209.85 million in the same period of 2021[26] - The company’s cash outflow for taxes paid in Q3 2022 was $10.37 million, a decrease of 52.5% from $21.80 million in Q3 2021[27] Research and Development - Research and development expenses totaled ¥11,761,007.28, accounting for 9.77% of operating revenue, an increase of 2.51 percentage points year-over-year[7] - Research and development expenses for the third quarter of 2022 were CNY 39,883,265.88, an increase from CNY 37,542,521.33 in the same quarter of 2021[23] Market Conditions - The company experienced a significant decline in revenue due to the impact of the consumer electronics market and the pandemic, leading to lower sales volumes and average selling prices[10] - The company is facing increased fixed costs due to the implementation of fundraising projects and expansion projects, contributing to the decline in net profit[10] - The semiconductor industry faced pressure due to a decline in consumer electronics demand, with integrated circuit production in China down 10.80% year-on-year in the first nine months of 2022[15] - The company experienced a decrease in orders, leading to underutilization of production capacity and increased fixed costs compared to the same period last year[15] - The company’s major end-user applications are in consumer electronics, which have been adversely affected by the ongoing economic conditions[15] Operating Costs - Total operating revenue for the first three quarters of 2022 was CNY 407,622,049.87, a decrease from CNY 594,050,081.85 in the same period of 2021[22] - Total operating costs for the first three quarters of 2022 were CNY 451,036,186.10, compared to CNY 472,540,190.74 in the previous year, reflecting a reduction in costs[22]