MINHE(SZ:002234)2022-10-25 16:00Financial Performance - The company's revenue for Q3 2022 was ¥445,025,421.91, representing a 10.16% increase compared to the same period last year[4]. - The net profit attributable to shareholders was -¥34,670,137.97, a significant decline of 833.48% year-on-year[4]. - Total operating revenue for the period was CNY 1,084,968,643.86, a decrease of 25.3% compared to CNY 1,451,965,358.37 in the previous period[16]. - The net profit for the period was a loss of CNY 339,086,029.77, compared to a profit of CNY 163,842,223.83 in the previous period[17]. - The total comprehensive income for the period was a loss of CNY 339,086,029.77, compared to a gain of CNY 163,842,223.83 in the previous period[17]. - Basic and diluted earnings per share were both -CNY 0.95, compared to CNY 0.51 in the previous period[17]. Cash Flow - The net cash flow from operating activities was -¥297,768,151.47, reflecting a decrease of 255.10% compared to the previous year[4]. - The net cash flow from operating activities was -297,768,151.47 CNY, compared to 191,982,232.37 CNY in the previous year, indicating a significant decline in operational performance[19]. - Total cash inflow from investment activities was 637,415,542.63 CNY, while cash outflow was 740,743,258.62 CNY, resulting in a net cash flow of -103,327,715.99 CNY[19]. - Cash inflow from financing activities amounted to 965,305,847.93 CNY, with cash outflow of 463,987,040.30 CNY, leading to a net cash flow of 501,318,807.63 CNY[19]. - The company’s cash flow from financing activities included 908,805,847.93 CNY from loans, which is a substantial increase from 283,350,000.00 CNY in the previous year[19]. - The company’s net increase in cash and cash equivalents for the period was 100,332,627.08 CNY, compared to 24,115,534.09 CNY in the previous year[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,943,762,439.23, an increase of 2.67% from the end of the previous year[4]. - The total liabilities amounted to CNY 1,148,606,042.87, an increase from CNY 713,448,460.14 in the previous period[17]. - The total equity attributable to shareholders of the parent company decreased to CNY 2,793,710,552.90 from CNY 3,125,726,673.44[17]. - The company's equity attributable to shareholders decreased by 10.62% to ¥2,793,710,552.90 compared to the previous year[4]. Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 38,926[10]. - The largest shareholder, Sun Xianfa, holds 17.39% of shares, totaling 60,667,348 shares[10]. - The company has a total of 10 major shareholders, with the top three holding a combined 36.63% of shares[10]. Research and Development - Research and development expenses increased by 80.16% to ¥12,629,875.88, indicating a focus on product development[7]. - Research and development expenses increased to CNY 12,629,875.88, compared to CNY 7,010,215.04 in the previous period, reflecting a focus on innovation[16]. Operational Costs - Total operating costs increased to CNY 1,382,226,374.51, up 16.2% from CNY 1,189,702,132.39 in the previous period[16]. - The cash paid for purchasing goods and services was 1,070,031,580.22 CNY, compared to 962,271,059.95 CNY in the previous year, reflecting an increase in operational costs[19]. - The company reported an increase in sales expenses to CNY 46,616,413.27, up from CNY 22,150,295.83 in the previous period, indicating higher marketing efforts[16]. Inventory and Asset Management - The company recorded a 69.51% decrease in asset impairment losses, indicating improved management of inventory write-downs[7]. - The company reported a decrease in inventory from ¥493,741,725.98 to ¥466,422,435.01[13]. - Long-term equity investments decreased to ¥276,493,284.27 from ¥294,845,725.51[14]. Market Strategy - The company is exploring market expansion strategies and new product development initiatives[12].