ERDOS(SH:900936)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 8,492,350,020.71, a decrease of 12.26% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was CNY 1,291,786,442.84, down 39.68% year-on-year[5] - The basic earnings per share for Q3 2022 was CNY 0.55, a decline of 63.33% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2022 reached CNY 27.97 billion, an increase of 15.4% compared to CNY 24.23 billion in the same period of 2021[20] - Net profit for the first three quarters of 2022 was CNY 6.11 billion, representing a 22.4% increase from CNY 4.99 billion in the same period of 2021[22] - The net profit attributable to shareholders of the parent company was CNY 4.52 billion, compared to CNY 3.71 billion in the previous year, marking a 21.7% increase[22] - Earnings per share for the first three quarters of 2022 were CNY 2.74, up from CNY 2.60 in the same period of 2021[22] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 5,961,626,416.33, down 34.79% year-on-year[6] - The net cash flow from operating activities for Q3 2022 was CNY 5,961,626,416.33, a decrease of 34.5% compared to CNY 9,141,575,843.06 in Q3 2021[25] - Cash flow from operating activities for the first three quarters of 2022 was CNY 21.78 billion, an increase from CNY 20.55 billion in the previous year[24] - The company's cash flow from operating activities generated a net cash inflow of CNY 140,930,572.09, a decrease of 78.05% compared to CNY 638,615,167.52 in the same period last year[36] - The financing activities resulted in a net cash outflow of CNY 3,342,723,365.69, worsening from a net outflow of CNY 1,797,732,343.16 in the same period of 2021[36] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to CNY 48,255,288,682.67, representing a decrease of 3.12% from the end of the previous year[6] - The company's total current assets as of September 30, 2022, amount to ¥14,519,557,374.35, a decrease from ¥16,923,592,062.39 at the end of 2021[16] - The total liabilities decreased from ¥20,374,065,476.61 to ¥16,856,415,442.85 over the same period[17] - The total liabilities of the company as of the third quarter of 2022 were CNY 22.56 billion, a decrease from CNY 25.87 billion at the end of the previous year[21] - The total liabilities increased to CNY 11,468,798,938.71 as of September 30, 2022, compared to CNY 10,625,893,133.43 at the end of 2021[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 72,648[12] - The largest shareholder, Inner Mongolia Erdos Cashmere Group Co., Ltd., holds 1,085,569,140 shares, representing 54.30% of the total shares[12] - The total equity attributable to shareholders increased by 8.88% to CNY 20,210,341,719.07 compared to the end of the previous year[6] - The total equity attributable to shareholders of the parent company was CNY 20.21 billion, up from CNY 18.56 billion in the previous year[21] Investment Income - The company reported a significant increase in investment income, amounting to CNY 2,519,659,368.42, compared to CNY 947,392,052.15 in the previous year, marking a growth of 165.66%[32] - The company’s investment income increased by 86.57% due to higher returns from long-term equity investments accounted for using the equity method[10] - The company reported an investment income of CNY 1.53 billion for the first three quarters of 2022, compared to CNY 817.80 million in the same period of 2021, indicating an increase of 87.0%[21] Operational Costs and Expenses - Total operating costs for the first three quarters of 2022 were CNY 22.38 billion, up 19.5% from CNY 18.79 billion in the previous year[21] - Research and development expenses for the first three quarters of 2022 amounted to CNY 547.27 million, compared to CNY 460.47 million in the same period of 2021, reflecting a growth of 18.8%[21] - The company's financial expenses decreased significantly to CNY 72,367,057.99 from CNY 199,763,214.51, a reduction of 63.80%[32] Other Notable Changes - The company reported a significant increase in prepayments, which rose by 118.05% due to higher raw material procurement payments[10] - The company experienced a 33.43% decrease in notes receivable, attributed to reduced sales payments collected via bank acceptance bills[10] - The company reported a 292.61% increase in non-operating income, driven by an increase in income from unpayable amounts[10] - The company has no significant new product or technology developments reported in the conference call[15] - There are no updates on market expansion or mergers and acquisitions mentioned in the report[15]