SUNWARD(SZ:002097)2022-10-30 16:00Financial Performance - The company's revenue for Q3 2022 was ¥1,697,976,993.28, representing a decrease of 23.06% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥131,443,296.05, a decline of 241.80% year-over-year[4] - The company reported a 40.53% decline in total revenue for the year-to-date, amounting to ¥5,408,118,073.55[8] - The net profit for Q3 2022 was a loss of CNY 105,697,233.55, compared to a profit of CNY 502,590,457.06 in Q3 2021[19] - The company's basic earnings per share were -¥0.1209, down 242.49% from the same period last year[4] - The basic earnings per share for Q3 2022 was -0.0896, down from 0.4535 in Q3 2021[20] - The company reported a gross profit margin of approximately 0.6% for Q3 2022, significantly lower than the previous year's margin[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥2,005,172,459.00, reflecting a significant decrease of 557.39% compared to the previous year[4] - The net cash flow from operating activities was -2,005,172,459.00, a significant decrease compared to -305,019,748.34 in the previous period, indicating a decline in operational efficiency[21] - The cash inflow from sales of goods and services was 4,195,976,879.55, down from 7,050,901,533.78, reflecting a decline in revenue generation[21] - The total cash and cash equivalents at the end of the period were 1,671,294,712.88, down from 1,915,733,150.48, reflecting a decrease in liquidity[23] - The company's cash and cash equivalents decreased to ¥2.40 billion from ¥2.83 billion at the beginning of the year[14] Assets and Liabilities - Total assets increased to ¥21,420,922,776.22, marking an 11.30% rise from the end of the previous year[4] - As of September 30, 2022, total current assets amount to approximately ¥13.47 billion, an increase from ¥12.13 billion at the beginning of the year[14] - The total liabilities decreased to ¥12.46 billion from ¥12.91 billion, showing a reduction of approximately 3.5%[16] - The total liabilities increased to CNY 15,586,908,416.79 in Q3 2022, up from CNY 13,524,421,672.07 in Q3 2021, reflecting a growth of 15.3%[18] - The company's total equity as of Q3 2022 was CNY 5,834,014,359.43, compared to CNY 5,722,052,643.07 in the previous year, indicating a slight increase of 1.96%[18] Investments - The long-term equity investments increased by 542.04% to ¥262,914,923.99, primarily due to new investments in Shanghai Wanbao Financing Company[8] - The company reported a significant increase in long-term equity investments to ¥262.91 million from ¥40.95 million, indicating a growth of over 540%[16] - The company experienced a 33.20% increase in credit impairment losses, amounting to -¥249,779,565.93, due to provisions for receivables and other impairments[10] Expenses - Sales expenses decreased by 37.25% to ¥424,534,441.60, attributed to the decline in revenue[10] - Financial expenses decreased by 40.60% to ¥82,419,802.85, mainly due to increased exchange gains[10] - Research and development expenses for Q3 2022 were CNY 192,589,930.44, a decrease of 24% from CNY 253,337,756.34 in the same period last year[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 72,159[11] - The top ten shareholders hold a combined 55.63% of the shares, with Guangzhou Wanli Investment holding 13.94% and Guangzhou Hengyi Investment holding 10.90%[11] Financing Activities - The net cash flow from financing activities was 2,107,691,510.41, a substantial increase from 521,170,004.52, indicating stronger financing capabilities[23] - The company received 5,562,301,872.58 in cash from borrowings, an increase from 3,971,359,723.17, highlighting increased reliance on debt financing[23] - The cash outflow for repaying debts was 3,376,376,302.24, compared to 3,159,338,025.91 in the previous period, indicating higher debt servicing costs[23]