海天瑞声(688787) - 2022 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators The company's Q3 2022 revenue grew significantly year-over-year, though net profit attributable to shareholders remained negative Key Financial Indicators for Q3 2022 and YTD Q3 2022 | Item | Q3 2022 | YoY Change (%) | YTD Q3 2022 | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 52,375,032.05 CNY | 111.41% | 167,159,474.03 CNY | 27.82% | | Net Profit Attributable to Shareholders | -794,570.29 CNY | N/A | 18,630,805.37 CNY | -27.39% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -3,969,136.75 CNY | N/A | 4,270,658.74 CNY | -77.76% | | Net Cash Flow from Operating Activities | -228,300 CNY (Est) | N/A | -3,663,639.47 CNY | N/A | | Basic Earnings Per Share (CNY/Share) | -0.02 | N/A | 0.44 | -42.86% | | Total R&D Investment | 21,453,937.09 CNY | 42.67% | 64,135,012.73 CNY | 64.26% | | Total Assets (End of Period) | 849,677,937.41 CNY | | | 1.07% (vs End of Prior Year) | | Equity Attributable to Shareholders (End of Period) | 817,163,012.21 CNY | | | 1.40% (vs End of Prior Year) | Non-recurring Profit and Loss Items and Amounts Non-recurring gains of ¥14.36 million, primarily from government subsidies and investment income, significantly supplemented net profit Non-recurring Profit and Loss Items (YTD) | Item | YTD Amount (CNY) | Description | | :--- | :--- | :--- | | Government Subsidies | 6,391,307.00 | Mainly subsidies for "Specialized, Refined, Unique, and Innovative" enterprises and listing incentives | | Investment Income from Wealth Management | 10,313,981.75 | Income from purchasing principal-protected, floating-rate bank wealth management products | | Total | 14,360,146.63 | | Analysis of Changes in Key Financial Indicators and Reasons Revenue growth was driven by data services, while increased R&D and operational investments led to a decline in net profit - Q3 operating revenue grew by 111.41% YoY, primarily driven by: - Domestic business: Boosted by deliveries of basic training data orders and intelligent driving data services - Overseas business: Benefited from post-pandemic normalization and global strategy implementation, with nearly 140% YoY growth[11] - The intelligent driving business achieved significant results, adding 14 new clients in the first three quarters with order value growing over 200% YoY, becoming a core pillar for sustainable revenue growth[11][12] - The YTD decline in net profit (-27.39%) and non-recurring net profit (-77.76%) was mainly due to increased strategic investments, especially in R&D, with R&D expenses growing 64.26% YoY and R&D personnel increasing by 49.21% YoY[12][13] Shareholder Information Shareholder Holdings As of the reporting period end, the company had 3,504 common shareholders, with the controlling shareholder holding 20.26% - At the end of the reporting period, the total number of common shareholders was 3,504[15] Top Ten Shareholders | Shareholder Name | Shareholding Ratio (%) | Shareholder Type | | :--- | :--- | :--- | | He Lin | 20.26 | Domestic Natural Person | | Beijing Zhongruian Investment Center (Limited Partnership) | 11.58 | Other | | CMBI Investment Management Co, Ltd | 9.01 | State-owned Legal Person | | Tang Difei | 8.36 | Domestic Natural Person | | Beijing Qingde Investment Center (Limited Partnership) | 5.95 | Other | | Shanghai Fengwan Investment Partnership (Limited Partnership) | 4.39 | Other | | Beijing Zhongruili Investment Center (Limited Partnership) | 4.31 | Other | | China Internet Investment Fund (Limited Partnership) | 3.01 | Other | | Shanghai Xingfu Venture Capital Management Center (Limited Partnership) | 2.86 | Other | | Huatai Haitianshengjiayuan No.1 Sci-Tech Board Employee Stock Ownership Collective Asset Management Plan | 2.50 | Other | - Key shareholder relationships: - Controlling shareholder He Lin is associated with the second-largest shareholder Beijing Zhongruian and the seventh-largest shareholder Beijing Zhongruili - The indirect controlling shareholder of the third-largest shareholder CMBI, China Mobile, is also a limited partner of the China Internet Investment Fund[18] Other Important Matters Industry Policy Updates and Impact New regulations requiring surveying qualifications for autonomous driving data benefit the company's compliant operations - The Ministry of Natural Resources issued new regulations classifying data collection, storage, transmission, and processing for intelligent connected vehicles as surveying and mapping activities, requiring practitioners (domestic entities) or their clients to obtain the necessary qualifications[20] - The company obtained a Grade B surveying and mapping qualification in the first half of 2022, establishing a foundation for business compliance and expansion, with plans to develop integrated data collection and annotation services[21] Progress on Property Purchase The company is proceeding with a property purchase to support R&D expansion, funded by raised and internal capital - The company plans to purchase property for a total price not exceeding ¥241.5 million to be used for fund-raising projects and R&D offices, funded by ¥106.74 million from raised capital and the company's own funds[22] - The property purchase has been approved by the company's Board of Directors, Supervisory Committee, and shareholders' meeting, and is currently in progress[22][23] Quarterly Financial Statements Financial Statements Consolidated Balance Sheet The company's total assets stood at ¥850 million with a stable financial structure and a low debt-to-asset ratio Key Balance Sheet Items (Unit: CNY) | Item | September 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Total Assets | 849,677,937.41 | 840,663,396.09 | | Cash and Cash Equivalents | 269,664,927.35 | 277,703,399.65 | | Trading Financial Assets | 418,416,026.03 | 418,011,036.99 | | Accounts Receivable | 100,739,952.83 | 90,196,484.25 | | Total Liabilities | 32,514,925.20 | 34,754,993.04 | | Total Equity Attributable to Parent Company | 817,163,012.21 | 805,908,403.05 | Consolidated Income Statement Revenue grew 27.82% YTD, but rising R&D and administrative expenses led to a 27.39% decline in net profit Key Income Statement Items (YTD Q3 2022) | Item | Jan-Sep 2022 (CNY) | Jan-Sep 2021 (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 167,159,474.03 | 130,776,263.35 | +27.82% | | Cost of Goods Sold | 62,528,690.04 | 42,132,924.87 | +48.41% | | Selling Expenses | 13,173,983.63 | 9,377,694.27 | +40.48% | | General & Administrative Expenses | 35,679,441.68 | 21,111,670.87 | +69.01% | | R&D Expenses | 64,135,012.73 | 39,044,099.87 | +64.26% | | Operating Profit | 14,693,795.30 | 27,585,179.55 | -46.74% | | Net Profit Attributable to Parent Company Shareholders | 18,630,805.37 | 25,658,431.78 | -27.39% | Consolidated Cash Flow Statement Operating cash outflow improved significantly due to revenue growth, while financing activities involved dividend payments Key Cash Flow Statement Items (YTD Q3 2022) | Item | Jan-Sep 2022 (CNY) | Jan-Sep 2021 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -3,663,639.47 | -13,602,459.67 | | Net Cash Flow from Investing Activities | 3,398,720.27 | -190,158,868.41 | | Net Cash Flow from Financing Activities | -11,699,897.93 | 350,371,235.32 | | Net Increase in Cash and Cash Equivalents | -8,038,472.30 | 146,508,328.89 | | Cash and Cash Equivalents at End of Period | 269,664,927.35 | 186,772,079.11 |