智明达(688636) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥74,799,909.73, a decrease of 25.39% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥4,987,316.73, down 122.11% year-on-year[5]. - The basic earnings per share for Q3 2022 was -¥0.1006, a decrease of 122.30% compared to the same period last year[6]. - The company's total revenue for the first three quarters of 2022 reached ¥345,447,075.58, an increase of approximately 25.4% compared to ¥275,250,403.88 in the same period of 2021[21]. - Operating profit for the first three quarters of 2022 was ¥41,952,510.00, a decrease of about 42.5% from ¥72,997,807.64 in the previous year[21]. - Net profit for the first three quarters of 2022 was ¥44,603,771.57, down 34.7% from ¥68,288,856.13 in the same period of 2021[22]. - Basic earnings per share for the first three quarters of 2022 were ¥0.8898, down from ¥1.5365 in the same period of 2021[22]. Research and Development - R&D expenses totaled ¥31,753,706.24 in Q3 2022, an increase of 16.85% year-on-year, accounting for 42.45% of operating revenue[6]. - The number of new research projects reached 175, representing a 25% increase year-on-year[6]. - The company plans to continue increasing R&D investment to enhance market competitiveness, with R&D personnel costs rising by 36.09% year-on-year[10]. - Research and development expenses increased to ¥86,256,416.04, up 35.0% from ¥63,955,018.11 year-over-year[21]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥1,444,032,829.55, an increase of 11.06% compared to the end of the previous year[6]. - The company's total current assets as of September 30, 2022, amount to ¥1,059,883,670.40, an increase from ¥936,167,213.58 at the end of 2021[17]. - Accounts receivable increased to ¥478,589,441.51 from ¥300,616,002.17 year-over-year[17]. - Inventory as of September 30, 2022, is reported at ¥379,819,562.51, up from ¥238,479,953.58 in the previous year[17]. - Long-term equity investments decreased to ¥167,000,706.37 from ¥174,510,331.31[17]. - Fixed assets increased to ¥38,421,750.42 from ¥35,782,621.27[17]. - Total liabilities increased to ¥486,033,685.30 in Q3 2022, up from ¥413,648,086.58 in Q3 2021, representing a rise of about 17.5%[19]. - The company's total equity reached ¥957,999,144.25, an increase of approximately 8.0% from ¥886,600,032.60 in the previous year[19]. - The company reported a significant increase in accounts payable, which rose to ¥207,934,272.60 from ¥153,391,304.06, marking an increase of approximately 35.6%[19]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥152,244,284.82, indicating significant cash outflow[6]. - The net cash flow from operating activities for the first three quarters of 2022 was -152,244,284.82 RMB, compared to -52,288,282.06 RMB in the same period of 2021, indicating a significant decline[24]. - The company's cash flow from operating activities showed a notable change, with financial expenses recorded at -¥282,935.20, compared to ¥2,074,347.37 in the previous year, indicating improved cash management[21]. - Total cash inflow from investment activities increased to 361,394,804.17 RMB in 2022 from 191,377,708.92 RMB in 2021, while cash outflow decreased to 354,145,817.31 RMB from 393,435,627.16 RMB[24]. - The net cash flow from investment activities turned positive at 7,248,986.86 RMB in 2022, contrasting with a negative cash flow of -202,057,918.24 RMB in 2021[24]. - The company reported a cash inflow from financing activities of 6,010,245.92 RMB in 2022, down from 410,375,369.81 RMB in 2021, indicating reduced financing activity[24]. - The net cash flow from financing activities was -11,428,973.49 RMB in 2022, a stark contrast to a positive flow of 345,651,840.22 RMB in 2021[24]. - Cash and cash equivalents at the end of Q3 2022 were 12,932,063.06 RMB, a significant decrease from 131,603,652.20 RMB at the end of Q3 2021[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 3,009[12]. - The top shareholder, Wang Yong, holds 14,883,750 shares, representing 29.47% of total shares[12]. Operational Insights - The gross profit margin decreased by 4.34 percentage points due to increased material costs and higher domestic production rates[10]. - The company has no significant new product or technology developments reported in the conference call[15]. - There are no significant mergers or acquisitions mentioned in the report[15]. - Cash paid for purchasing goods and services surged to 191,181,223.08 RMB in 2022 from 107,197,173.49 RMB in 2021, indicating increased operational costs[24]. - The company’s cash outflow for employee compensation rose to 102,371,432.17 RMB in 2022, up from 80,174,525.38 RMB in 2021, highlighting increased labor costs[24].