Holystar(SH:688330)2022-10-30 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥233,905,504.47, a decrease of 25.47% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was ¥76,589,679.42, down 35.43% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥64,765,537.88, a decline of 38.29% compared to the previous year[5] - Basic and diluted earnings per share for Q3 2022 were both ¥0.7659, reflecting a decrease of 35.43% year-over-year[6] - The weighted average return on equity decreased to 2.19%, down 1.52 percentage points from the previous year[6] - Total operating revenue for the first three quarters of 2022 reached ¥826,807,523, an increase of 5.8% compared to ¥787,458,684 in the same period of 2021[21] - Net profit for the first three quarters of 2022 was ¥286,579,004.64, a decrease of 12.8% from ¥328,475,032.87 in the same period of 2021[22] - The company reported a profit before tax of ¥331,210,134.02 for the first three quarters of 2022, down from ¥380,443,347.71 in the same period of 2021, a decline of 12.9%[22] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥4,038,416,329.56, an increase of 3.14% from the end of the previous year[6] - Total assets as of September 30, 2022, amounted to RMB 4,038,416,329.56, an increase from RMB 3,915,497,683.37 at the end of 2021[18] - Total liabilities as of the end of the third quarter of 2022 were ¥537,798,486.65, a decrease from ¥577,458,845.10 at the end of the same quarter in 2021[20] - Total current liabilities decreased to RMB 498,166,003.45 from RMB 528,571,284.39, reflecting a reduction of about 5.5%[19] - Non-current assets totaled RMB 475,822,529.23, up from RMB 318,101,615.35, indicating a growth of about 49.6%[19] Cash Flow - The cash flow from operating activities showed a net outflow of ¥305,834,116.60 for the year-to-date period[6] - Cash inflow from operating activities for the first three quarters of 2022 totaled ¥434,064,760.64, compared to ¥520,277,585.38 in the same period of 2021, indicating a decrease of 16.6%[25] - The net cash flow from operating activities was -$305.83 million, compared to -$94.14 million in the previous year, indicating a significant decline[26] - The net increase in cash and cash equivalents was -$226.84 million, contrasting with a positive increase of $37.19 million in the previous year[26] - The ending balance of cash and cash equivalents was $541.45 million, down from $736.49 million year-over-year[26] Research and Development - Research and development expenses totaled ¥11,760,123.14, accounting for 5.03% of operating revenue, an increase of 1.58 percentage points year-over-year[6] - Research and development expenses for the first three quarters of 2022 amounted to ¥34,233,941.65, slightly down from ¥36,581,905.42 in the same period of 2021[22] Shareholder Information - The company has committed to extending the lock-up period for certain shareholders until October 14, 2023[15] Inventory and Receivables - Accounts receivable rose significantly to RMB 939,056,638.22, up from RMB 562,908,514.70 in the previous year, indicating a growth of approximately 66.8%[18] - The company reported a significant increase in inventory, which rose to RMB 508,633,059.02 from RMB 473,662,623.20, a growth of approximately 7.4%[18] Financial Costs - The company recorded a financial expense of -¥3,011,831.11 in the first three quarters of 2022, compared to -¥2,546,398.90 in the same period of 2021, indicating an increase in financial costs[22] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[16] - The company has adopted new accounting standards starting in 2022, which may affect financial reporting[27]