宏创控股(002379) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was CNY 867,210,255, a slight increase of 0.07% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2022 was CNY 7,377,727, representing a decrease of 301.22% year-on-year[4]. - The net profit after deducting non-recurring gains and losses for the period was CNY 16,557,511, an increase of 53.72% compared to the previous year[4]. - The net profit attributable to the parent company reached CNY 37,873,576.48, a significant increase of 214.02% compared to the same period last year, driven by rising aluminum prices and improved product structure[10]. - Net profit for the period was ¥37,873,576.48, a recovery from a net loss of ¥33,216,509.33 in the same period last year[22]. - The total comprehensive income for the period was CNY 40,218,513.98, compared to a loss of CNY 31,907,384.33 in the previous period[23]. - Basic and diluted earnings per share were CNY 0.0409, an improvement from a loss of CNY 0.0358 per share in the previous period[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,890,111,789.56, a decrease of 4.94% from the beginning of the year[5]. - The company's total assets decreased to ¥2,890,111,789.56 from ¥3,040,280,440.64, indicating a reduction in asset base[19]. - Total liabilities decreased to ¥1,486,828,018.98 from ¥1,618,789,884.04, showing a reduction in financial obligations[19]. - The company's equity attributable to shareholders decreased slightly to ¥1,403,283,770.58 from ¥1,421,490,556.60[19]. - The total current assets as of September 30, 2022, amounted to CNY 1,519,382,797.85, a decrease from CNY 1,750,225,514.63 at the beginning of the year[17]. Cash Flow - The company reported a net cash flow from operating activities of CNY 129,845,896, reflecting a significant increase of 234.94%[5]. - Net cash flow from operating activities was CNY 129,845,803.90, a remarkable increase of 234.94% year-on-year, primarily due to tax refunds and increased net profit[11]. - Cash inflow from operating activities totaled CNY 2,361,867,239.73, up from CNY 2,002,808,734.73 in the previous period, representing an increase of approximately 17.9%[25]. - Net cash flow from operating activities was CNY 129,845,803.90, a significant recovery from a net outflow of CNY 96,227,088.72 in the previous period[25]. - Cash outflow for investing activities was CNY 25,549,272.79, compared to CNY 1,017,148.22 in the previous period, indicating increased investment activity[26]. - Net cash flow from financing activities was negative CNY 32,843,334.72, a decrease from a positive inflow of CNY 183,853,131.71 in the previous period[26]. - The cash and cash equivalents at the end of the period amounted to CNY 274,147,633.60, up from CNY 171,765,541.16 at the end of the previous period[26]. - The company received CNY 167,815,638.88 from borrowings, down from CNY 196,944,500.00 in the previous period[25]. - The company reported a significant increase in tax refunds received, totaling CNY 214,032,881.98, compared to CNY 96,207,143.82 in the previous period[25]. Expenses and Costs - Total operating costs amounted to ¥2,753,088,432.37, up from ¥2,341,937,525.77, reflecting a significant increase in operational expenses[20]. - The company reported a 52.05% increase in tax and additional charges, totaling CNY 14,980,172.32, mainly due to increased VAT payments[10]. - Sales expenses rose by 37.81% to CNY 10,890,384.53, attributed to higher export credit insurance costs due to increased overseas sales[10]. - The company reported a significant increase in sales expenses to ¥10,890,384.53 from ¥7,902,498.30, reflecting increased marketing efforts[20]. - Financial expenses showed a significant decrease of 225.74%, resulting in a net financial income of CNY -16,292,653.63, primarily due to increased exchange gains[10]. - The company recorded a financial expense of -¥16,292,653.63, a notable improvement compared to the previous period's expense of ¥12,957,068.90[20]. - The company experienced a substantial increase in credit impairment losses, totaling CNY -13,069,145.93, due to a rise in accounts receivable and increased bad debt provisions[10]. Investments and Projects - The construction in progress surged by 2590.35% to CNY 28,684,875.86, attributed to the second phase of the 200,000-ton waste aluminum recycling project[9]. - The company is progressing with the construction of a 200,000-ton waste aluminum recycling project, with the second phase of 100,000 tons on schedule, aimed at reducing production costs and achieving sustainable development[15]. - Research and development expenses were reported at ¥42,646,813.67, slightly down from ¥43,111,307.08, indicating stable investment in innovation[20]. - The company plans to expand its market presence and enhance its product offerings through ongoing research and development initiatives[4]. Other Income and Gains - The company has experienced a significant increase in non-recurring gains, with a total of CNY 16,452,957.73 from VAT refunds related to resource recycling products[8]. - Other income increased by 79.48% to CNY 23,959,133.15, mainly from tax refunds and support funds for the recycled aluminum industry[10]. - The company experienced a 457.72% increase in fair value changes, reaching CNY 10,831,715.57, due to enhanced hedging activities[10]. - The company received government subsidies amounting to CNY 7,495,735.40 year-to-date, which are closely related to its normal business operations[6]. Audit and Compliance - The company has not undergone an audit for the third quarter report[27].