Cubic(SH:688665)2022-10-25 16:00Financial Performance - The company's revenue for Q3 2022 was ¥145.16 million, a year-on-year increase of 0.24%, while the revenue for the first three quarters was ¥397.25 million, up 4.94% year-on-year[6][8]. - Net profit attributable to shareholders for Q3 2022 was ¥29.22 million, a decrease of 40.24% year-on-year, and for the first three quarters, it was ¥100.04 million, down 18.57% year-on-year[6][8]. - Total operating revenue for the first three quarters of 2022 reached ¥397,248,625.99, an increase of 4.48% compared to ¥378,550,418.07 in the same period of 2021[32]. - Net profit attributable to shareholders of the parent company for Q3 2022 was ¥100,035,948.02, a decrease of 18.52% from ¥122,846,727.09 in Q3 2021[34]. - The company reported a profit before tax of ¥112,794,019.86 for Q3 2022, down from ¥141,188,820.03 in Q3 2021[33]. - Basic earnings per share for Q3 2022 were CNY 1.43, down from CNY 1.86 in Q3 2021[35]. Research and Development - Research and development expenses totaled ¥13.52 million in Q3 2022, representing 9.32% of revenue, an increase of 2.18 percentage points year-on-year[7][10]. - Research and development expenses for Q3 2022 amounted to ¥37,721,785.49, an increase of 41.83% compared to ¥26,585,543.08 in Q3 2021[33]. - Research and development expenses rose by 41.89% year-to-date, driven by new R&D projects and increased personnel costs[19]. - The company has established partnerships with universities for research on carbon emission monitoring technologies, enhancing its competitive edge in the gas analysis instrument industry[12]. Assets and Liabilities - The company’s total assets as of the end of Q3 2022 were ¥1,063.22 million, a 2.64% increase from the end of the previous year[7][8]. - Total assets as of Q3 2022 were ¥1,063,224,245.42, compared to ¥1,035,876,555.67 at the end of the previous year[29]. - Total liabilities as of Q3 2022 were ¥206,289,756.00, slightly up from ¥202,728,729.24 in the previous year[29]. - The company's current assets as of September 30, 2022, totaled RMB 769,576,183.86, a decrease from RMB 800,563,965.37 at the end of 2021, reflecting a decline of approximately 3.6%[26]. - The company's non-current assets include construction in progress valued at RMB 85,001,704.69, which increased from RMB 55,642,247.98, marking a rise of approximately 52.8%[26]. Cash Flow and Expenses - The net cash flow from operating activities decreased by 38.43% year-to-date, mainly due to increased employee compensation and other operating cash expenditures[19]. - Net cash flow from operating activities for the first three quarters of 2022 was CNY 42,826,392.80, a decrease of 38.4% compared to CNY 69,560,553.97 in the same period of 2021[35]. - Cash flow from investing activities showed a decrease of 35.54% year-to-date, mainly due to reduced cash outflows for fixed and intangible asset investments[19]. - Cash flow from investing activities was negative at CNY -75,493,941.47, compared to CNY -117,125,785.15 in the same period last year, indicating an improvement of 35.6%[36]. - Cash flow from financing activities resulted in a net outflow of CNY -74,322,202.37, a significant decrease from a net inflow of CNY 440,669,431.87 in the previous year[36]. Market and Product Development - The company plans to enhance its market expansion efforts in gas analysis instruments, with a year-on-year sales growth of 97.28% in this segment[9][10]. - The company aims to introduce new products in the safety monitoring and healthcare sectors in Q4 2022, anticipating a significant increase in sales during this peak season[10]. - The company plans to continue investing in new product development and market expansion strategies to drive future growth[32]. - The company has not disclosed any new product developments or technological advancements in the current report[25]. - There are no significant mergers or acquisitions reported during the quarter[25]. - The company has not provided specific future guidance or market expansion strategies in the current report[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 2,617[21]. - The largest shareholder, Wuhan Youhui Technology Co., Ltd., holds 31,500,000 shares, accounting for 45.00% of total shares[22]. Recognition and Awards - The company received recognition as a national "specialized and innovative" enterprise and won the "JLRQ Global Excellence Quality Award" from Jaguar Land Rover[13]. Government Subsidies - Government subsidies recognized in the current period amounted to CNY 1,050,936.98, with a total of CNY 5,191,819.28 year-to-date[16]. Sales and Marketing Expenses - Sales expenses increased by 33.08% year-to-date, primarily due to an increase in foreign trade sales personnel and marketing expenses[19].