XYT(SZ:002087)2022-10-24 16:00Financial Performance - The company's revenue for Q3 2022 was CNY 636,157,543.80, a decrease of 56.34% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 85,531,310.41, representing a decline of 230.19% year-on-year[5]. - The total operating revenue for the period was CNY 2,660,417,790.46, a decrease of 33.0% compared to CNY 3,973,427,384.84 in the previous period[19]. - The net profit for Q3 2022 was a loss of CNY 114,746,413.02, compared to a profit of CNY 126,227,626.38 in Q3 2021, indicating a significant decline in profitability[21]. - The total comprehensive income for Q3 2022 was a loss of CNY 115,505,957.15, compared to a profit of CNY 126,649,791.90 in Q3 2021[21]. Earnings and Cash Flow - The company's basic and diluted earnings per share were both CNY -0.1047, a decline of 230.22% year-on-year[5]. - The company's basic and diluted earnings per share for Q3 2022 were both -0.1405, down from 0.1594 in Q3 2021[21]. - Cash flow from operating activities for Q3 2022 was CNY 550,390,850.55, a decrease from CNY 790,661,440.92 in Q3 2021, reflecting a decline of approximately 30%[23]. - The company reported a net cash outflow from financing activities of CNY -562,476,796.68 in Q3 2022, compared to CNY -900,321,909.29 in Q3 2021[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,638,977,174.50, a decrease of 8.78% from the end of the previous year[5]. - Current assets decreased to CNY 6,336,218,990.13 from CNY 7,092,384,337.80, reflecting a decline of approximately 10.7%[16]. - Total liabilities decreased from CNY 6,266,438,210.32 to CNY 5,460,946,450.22, a reduction of about 12.9%[17]. - The total assets decreased from CNY 10,566,509,246.43 to CNY 9,638,977,174.50, reflecting a decrease of about 8.8%[17]. - Long-term borrowings decreased by 35.01% compared to the beginning of the year, primarily due to reclassification of long-term borrowings to current liabilities[9]. Operating Costs and Expenses - Operating income and operating costs decreased by 33.04% and 28.73% respectively compared to the same period last year[10]. - The total operating costs for Q3 2022 were CNY 2,788,246,874.06, a decrease from CNY 3,823,345,665.52 in Q3 2021, representing a reduction of approximately 27%[20]. - The company reported a decrease in management expenses to CNY 102,707,607.92 in Q3 2022 from CNY 80,779,647.50 in Q3 2021, reflecting an increase of approximately 27%[20]. - Research and development expenses for Q3 2022 were CNY 50,241,579.63, a decrease from CNY 108,565,498.26 in Q3 2021, indicating a reduction of approximately 54%[20]. Inventory and Current Assets - Inventory levels decreased significantly from CNY 3,421,919,859.85 to CNY 2,837,950,073.32, a reduction of about 17.0%[16]. - The company experienced a 61.28% increase in other current assets compared to the beginning of the year, attributed to an increase in VAT receivables[8]. - The company's cash and cash equivalents decreased from CNY 835,893,869.52 to CNY 694,457,496.79, a decline of approximately 17.0%[16]. - The total cash and cash equivalents at the end of Q3 2022 were CNY 60,654,412.27, down from CNY 112,371,214.39 at the end of Q3 2021[24]. Government Subsidies - The company did not receive any government subsidies during the current reporting period, compared to CNY 4,595,000.00 received in the previous year[7].