SICC CO.(SH:688234)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥108,674,842.39, a decrease of 11.57% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was -¥44,488,106.80, representing a decline of 890.71% year-over-year[4]. - Total operating revenue for the first three quarters of 2022 was CNY 269,484,703.56, a decrease of 27.2% compared to CNY 370,103,451.60 in the same period of 2021[17]. - Net profit for the third quarter was a loss of CNY 117,330,968.60, compared to a profit of CNY 53,534,321.78 in the previous year[19]. - The total comprehensive income attributable to the parent company for Q3 2022 was -117,739,577.42 RMB, a decline from 53,190,863.81 RMB in Q3 2021[20]. - The net profit for Q3 2022 was a loss of CNY 110,626,304.42, compared to a profit of CNY 62,457,405.55 in Q3 2021, indicating a significant decline in profitability[30]. Research and Development - The total R&D investment in Q3 2022 was ¥34,161,697.39, an increase of 16.22% compared to the same period last year[4]. - R&D expenses accounted for 31.43% of operating revenue in Q3 2022, an increase of 7.51 percentage points year-over-year[5]. - Research and development expenses for the first three quarters reached CNY 87,296,725.34, an increase of 22.8% from CNY 71,067,011.22 in the same period of 2021[17]. - Research and development expenses for the first three quarters of 2022 totaled CNY 63,278,602.77, down from CNY 71,067,011.22 in the same period of 2021, reflecting a decrease of approximately 10.5%[28]. Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥5,865,688,050.58, reflecting a growth of 124.01% compared to the end of the previous year[5]. - Total liabilities increased to CNY 557,289,353.43, compared to CNY 395,971,914.98 in the previous year, reflecting a growth of 40.6%[15]. - The company's total assets increased to CNY 5,675,165,206.56, up from CNY 2,530,017,761.58, representing a growth of approximately 124.7% year-over-year[27]. - The total liabilities increased to CNY 356,630,153.82, up from CNY 304,530,442.29, marking an increase of approximately 17.1% year-over-year[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,489, with no preferred shareholders having restored voting rights[9]. - The largest shareholder, Zong Yanmin, holds 30.09% of the shares, amounting to 129,302,726 shares[9]. - The total number of shares held by the top ten shareholders accounted for 63.91% of the total shares[9]. - The company has no significant changes in the status of pledged, marked, or frozen shares among the top shareholders[9]. - There were no financing or margin trading activities reported among the top ten shareholders[11]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥31,630,750.95, a decline of 156.34% year-over-year[4]. - The cash flow from operating activities in Q3 2022 was 488,292,977.63 RMB, down from 549,272,994.64 RMB in Q3 2021[23]. - The company's cash flow from operating activities showed a net outflow of CNY 33,924,584.52 in the first three quarters of 2022, compared to a net inflow of CNY 47,010,554.94 in the same period of 2021[31]. - Cash inflow from financing activities amounted to approximately 3.24 billion, with no prior period data available[32]. - The company's cash flow from financing activities netted 3,200,311,653.18 RMB in Q3 2022, indicating a strong capital influx compared to the previous year[24]. Inventory and Receivables - Inventory increased to ¥487,383,373.00 from ¥385,573,601.60, reflecting a rise of 26.39%[13]. - The company reported accounts receivable of ¥108,272,580.06, up from ¥57,787,546.59, marking an increase of 87.06%[13]. - The company reported a significant increase in accounts payable, which rose to CNY 110,839,028.04 from CNY 75,069,878.23, an increase of approximately 47.6%[27]. Other Information - The company faced challenges in production capacity and sales due to the pandemic and international situation, impacting revenue and profit margins[8]. - The company did not provide any significant updates on new product development or market expansion strategies during the reporting period[12]. - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[33].