SEWPG(SH:688660)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,524,974,464.43, representing a decrease of 78.96% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was -¥129,882,095.15, a decline of 198.46% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥141,089,069.02, down 225.03% compared to the previous year[4]. - The basic earnings per share for Q3 2022 was -¥0.10, reflecting a decrease of 200.00% year-on-year[6]. - Total operating revenue for the first three quarters of 2022 was ¥6,702,499,841.22, a decrease of 65.6% compared to ¥19,502,163,106.26 in the same period of 2021[27]. - The company reported a net loss of ¥35,645,858.91 for the first three quarters of 2022, compared to a profit of ¥577,614,956.85 in the same period of 2021[27]. - The net profit for the first three quarters of 2022 was approximately ¥10.86 million, a significant decrease of 97.75% compared to ¥483.39 million in the same period of 2021[28]. - The total comprehensive income for the first three quarters of 2022 was approximately ¥9.84 million, down from ¥483.46 million in the same period of 2021[28]. Research and Development - The total R&D investment for Q3 2022 was ¥161,963,374.68, a reduction of 48.61% compared to the same period last year[6]. - R&D investment accounted for 10.62% of operating revenue, an increase of 6.27 percentage points year-on-year[6]. - Research and development expenses for the first three quarters of 2022 were ¥439,372,533.50, down from ¥649,296,116.06 in 2021, suggesting a potential shift in focus or cost-cutting measures[27]. - Research and development expenses for the first three quarters of 2022 were ¥432.46 million, down 32.4% from ¥639.78 million in the same period of 2021[39]. - The company has not disclosed any significant new product or technology developments during the reporting period[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥27,248,686,044.31, down 11.22% from the end of the previous year[6]. - As of September 30, 2022, the company's total current assets amounted to RMB 16,529,342,775, a decrease of approximately 19.6% from RMB 20,572,530,873.84 at the end of 2021[23]. - The company's long-term equity investments decreased from RMB 433,030,300.37 to RMB 331,943,080.54, a decline of approximately 23.4%[23]. - Total assets decreased from ¥29.54 billion on December 31, 2021, to ¥24.72 billion on September 30, 2022, representing a decline of approximately 16.5%[36]. - Total liabilities decreased from ¥22.01 billion to ¥17.29 billion, a reduction of about 21.3%[36]. Cash Flow - Cash flow from operating activities for the first three quarters of 2022 was negative at approximately -¥4.60 billion, compared to -¥3.82 billion in the same period of 2021[30]. - Cash inflow from operating activities totaled approximately ¥5.44 billion in 2022, a decrease of 59.6% from ¥13.45 billion in 2021[30]. - Cash outflow from operating activities was approximately ¥10.04 billion in 2022, down from ¥17.27 billion in 2021[30]. - The net cash flow from operating activities was -¥4,374,438,761.18 for the first three quarters of 2022, worsening from -¥3,662,789,776.88 in 2021[42]. - The net cash flow from investing activities was -¥2,112,362,732.96 in 2022, compared to -¥443,933,059.69 in 2021, indicating a significant increase in cash outflow[42]. Market and Strategic Initiatives - The company plans to actively expand the market and reduce costs to achieve its annual operational goals[7]. - The decline in performance is attributed to a decrease in offshore wind power installations and delays in order deliveries[7]. - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the earnings call[27]. - The company received government subsidies totaling ¥7,663,190.50 during the reporting period[9]. Shareholder Information - The top shareholder, Shanghai Electric Group Co., Ltd., holds 792,000,000 shares, representing 59.4% of the total shares[15]. - The company reported that 8,000,000 shares held by Shanghai Electric Investment Co., Ltd. are subject to judicial freezing[15].