BPSemi(SH:688368)2022-10-27 16:00Financial Performance - In Q3 2022, the company reported a revenue of CNY 215.08 million, a decrease of 71.67% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 138.87 million, down 158.40% year-on-year[5]. - The net profit excluding non-recurring gains and losses was a loss of CNY 167.40 million, a decline of 171.84% compared to the previous year[5]. - For the first three quarters of 2022, total revenue reached CNY 807 million, a decrease of 55.79% year-on-year[10]. - Operating revenue decreased by 71.67% in the current reporting period, and by 55.79% year-to-date, primarily due to economic downturn and reduced demand[19]. - Net profit attributable to shareholders decreased by 158.40% in the current reporting period and by 135.01% year-to-date, influenced by sales volume decline and price adjustments[19]. - Total revenue for the first three quarters of 2022 was CNY 806,579,663.38, a decrease of 55.8% compared to CNY 1,824,620,779.37 in the same period of 2021[28]. - Operating profit for Q3 2022 was a loss of CNY 205,900,398.62, compared to a profit of CNY 649,061,856.01 in Q3 2021[29]. - Net profit for Q3 2022 was a loss of CNY 200,753,392.89, compared to a profit of CNY 600,937,589.04 in Q3 2021[30]. - Basic earnings per share decreased to -3.21 CNY from 9.28 CNY year-over-year[31]. - Basic earnings per share for Q3 2022 were CNY -2.31, compared to CNY 8.86 in Q3 2021[39]. Assets and Liabilities - The company’s total assets as of September 30, 2022, were CNY 2.65 billion, down 5.32% from the end of 2021[10]. - Total assets as of Q3 2022 were CNY 2,901,129,752.77, down from CNY 2,939,600,761.99 at the end of Q3 2021[37]. - Total liabilities as of Q3 2022 were CNY 1,023,232,775.36, compared to CNY 895,663,519.60 in the same period of 2021[27]. - Total liabilities increased to CNY 1,082,815,547.42 in Q3 2022 from CNY 901,071,705.65 in Q3 2021[37]. - The company's total current assets decreased to 1,395,018,009.75 CNY from 1,931,765,270.23 CNY at the end of the previous year[35]. - Long-term equity investments increased significantly to ¥154,492,452.07 from ¥17,821,252.36[25]. - The company's inventory as of September 30, 2022, is ¥348,467,533.34, down from ¥390,839,450.51[25]. - The company reported a significant increase in short-term borrowings, rising to CNY 509,281,093.65 from CNY 203,749,032.69 in the previous year[27]. Research and Development - The company increased R&D investment to CNY 116.23 million in Q3 2022, a rise of 36.60% year-on-year[6]. - R&D investment accounted for 42.83% of operating revenue in the current reporting period, reflecting a significant increase in R&D expenses[19]. - Research and development expenses for Q3 2022 were CNY 301,763,467.22, an increase from CNY 203,099,805.75 in Q3 2021[29]. - Research and development expenses for the first three quarters of 2022 amounted to CNY 189,968,378.18, slightly up from CNY 186,547,414.01 in the same period of 2021[37]. - The company increased its workforce by 28.68% year-over-year, reaching 525 employees, including 347 in R&D, with R&D expenses rising to 302 million RMB, a 48.58% increase year-over-year[14]. Cash Flow and Investments - The company reported a net cash flow from operating activities decrease of 175.14% year-to-date, attributed to lower revenue and reduced cash receipts[19]. - Cash flow from operating activities generated a net outflow of -382,624,793.02 CNY, down from a net inflow of 509,231,966.58 CNY in the same period last year[33]. - Cash inflow from investment activities was 2,202,517,480.17 CNY, compared to 1,926,840,661.87 CNY in the previous year[33]. - The net cash flow from financing activities increased to 166,867,347.99 CNY from 120,024,521.92 CNY year-over-year[33]. - The company reported a significant decrease in cash received from sales of goods and services, totaling 738,162,064.69 CNY compared to 1,869,170,350.36 CNY in the prior year[32]. - Cash received from sales and services in the first three quarters of 2022 was 790,335,850.75, a decrease from 1,771,803,042.14 in the same period of 2021[40]. - Cash paid for purchasing goods and services was 895,537,862.26 in 2022, down from 977,572,003.10 in 2021[40]. - The cash and cash equivalents at the end of the period totaled 346,263,164.81 CNY, up from 317,596,123.84 CNY in the previous year[34]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,347[21]. - The top shareholder, Hu Liqiang, holds 16,564,500 shares, representing 26.33% of total shares[21]. - The top 10 shareholders hold a significant portion of shares, with the top three shareholders alone accounting for 71.77% of total shares[21]. - The company has no pledged, marked, or frozen shares among its top shareholders[21]. - The total number of preferred shareholders is 0, indicating no preferred stock issued[21]. Operational Strategy - The company has not reported any significant changes in its operational strategies or market expansion plans during the reporting period[24]. - The company is actively communicating with suppliers to potentially reduce raw material prices in Q4 2022[14]. - Management expenses increased by 22.43% year-over-year, reflecting the impact of workforce expansion and increased operational costs[14].