LME(SH:688589)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 reached ¥126,678,691.25, representing a year-on-year increase of 108.87%[5] - Net profit attributable to shareholders for Q3 2022 was ¥19,656,478.85, a significant increase of 1602.61% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,308,350.58, up 942.40% year-on-year[5] - In Q3 2022, the company achieved revenue of 126.68 million RMB, a year-over-year increase of 108.87%, and a net profit attributable to shareholders of 19.66 million RMB, up 1,602.61%[15] - For the first nine months of 2022, the company reported revenue of 349.55 million RMB, reflecting a growth of 75.09%, and a net profit of 51.40 million RMB, which is a 196.22% increase year-over-year[15] - The company reported a net profit of ¥51,399,012.58 for the first three quarters of 2022, compared to ¥16,351,684.50 in the same period of 2021, an increase of 213.5%[26] - Net profit attributable to shareholders for Q3 2022 was ¥51,399,012.58, a significant increase from ¥17,351,684.50 in Q3 2021, representing a growth of approximately 196%[27] - Total comprehensive income for Q3 2022 reached ¥51,486,524.16, compared to ¥17,338,097.48 in the same period last year, indicating a year-over-year increase of about 197%[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥964,659,651.37, showing a slight increase of 0.37% from the end of the previous year[6] - Total assets as of September 30, 2022, amounted to ¥1,042,889,382.80, an increase from ¥1,014,337,476.93 at the end of 2021[32] - Total liabilities decreased to ¥173,609,864.93 from ¥214,846,743.49 at the end of 2021, a reduction of 19.2%[24] - The total liabilities as of the third quarter of 2022 amounted to CNY 309,163,865.01, an increase from CNY 273,648,671.82 in the previous year[33] - The total equity as of the third quarter of 2022 was CNY 733,725,517.79, slightly down from CNY 740,688,805.11 in the same period of 2021[33] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥50,346,551.01, indicating a decline of 159.08% compared to the previous year[6] - Cash flow from operating activities for the first three quarters of 2022 was negative at -¥50,346,551.01, worsening from -¥19,432,801.19 in the same period of 2021[30] - The company reported a total cash outflow from operating activities of ¥361,884,197.99 in the first three quarters of 2022, compared to ¥189,954,138.69 in the same period of 2021[30] - Cash inflow from investment activities in the first three quarters of 2022 was ¥733,675,359.53, compared to ¥865,571,136.40 in the previous year, showing a decrease of approximately 15%[30] - Cash flow from investing activities generated a net inflow of CNY 46,587,032.72 in the first three quarters of 2022, contrasting with a net outflow of CNY 297,488,921.69 in the same period of 2021[39] Research and Development - Research and development (R&D) expenses for Q3 2022 amounted to ¥19,262,998.54, which is 15.21% of operating revenue, a decrease of 6.91 percentage points compared to the same period last year[6] - Research and development expenses for Q3 2022 totaled ¥52,608,012.18, up from ¥39,317,879.74 in Q3 2021, indicating a growth of 33.7%[26] - Research and development expenses for the first three quarters of 2022 were CNY 39,343,938.89, compared to CNY 29,655,780.08 in the same period of 2021, reflecting an increase of approximately 32.7%[35] Market and Product Development - The company attributed the significant increase in revenue to the strong performance in the power IoT market[10] - The company is actively expanding its market presence in the power IoT sector, with significant growth in both revenue and profit from chip technology applications[15] - The company emphasizes the potential market for its high-speed dual-mode communication chip in various applications, including intelligent lighting and new energy systems[16] - The company’s HPLC+HRF high-speed dual-mode communication chip passed the State Grid's interconnectivity testing, indicating its readiness for market applications in smart grids and energy management[16] Corporate Actions - The company completed the registration of shares for the first vesting period of its 2021 restricted stock incentive plan, increasing total shares from 100 million to 100.19 million[18] - The company has submitted an application to issue convertible bonds to unspecified investors, which is currently under review by the Shanghai Stock Exchange[19] - The company’s stock incentive plan has adjusted the grant price from 28.60 RMB to 28.40 RMB per share[18] Accounting and Reporting - The company announced the implementation of new accounting standards starting from 2022, affecting the financial statements from the beginning of the year[40] - The report is for the third quarter of 2022, indicating a specific focus on quarterly performance metrics[40] - The board of directors of Shenzhen Lihua Microelectronics Co., Ltd. issued the announcement on October 26, 2022[40] - There are no adjustments reported for the first execution year of the new accounting standards[40] - The document does not provide specific financial figures or performance metrics for the quarter[40] - The company did not disclose user data or future outlook in this report[40] - There is no mention of new product development or technological advancements in the document[40] - The report lacks information on market expansion or mergers and acquisitions[40] - No new strategies were outlined in the announcement[40] - The document serves primarily as a formal announcement regarding accounting standards rather than a detailed financial performance report[40]