KINGLAND(SZ:002443)2022-10-21 16:00Financial Performance - The company's revenue for Q3 2022 was ¥1,495,499,775.85, a decrease of 21.41% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥29,623,949.88, down 67.87% year-on-year[5]. - The basic earnings per share decreased by 66.67% to ¥0.06[5]. - Total operating revenue for the period was CNY 4,536,297,085.41, a decrease of 10.3% compared to CNY 5,056,415,866.38 in the previous period[17]. - Net profit for the period was CNY 175,221,845.54, representing a decline of 42.7% from CNY 305,873,633.32 in the same period last year[19]. - Earnings per share (EPS) decreased to CNY 0.30 from CNY 0.55, reflecting a 45.5% drop[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,561,872,805.90, an increase of 2.79% from the end of the previous year[5]. - Total liabilities increased to CNY 1,345,373,436.97, up from CNY 1,174,056,087.23, indicating a rise of 14.6%[16]. - Current liabilities totaled CNY 1,167,587,619.47, an increase of 18.0% compared to CNY 990,317,298.43 in the previous period[16]. - Non-current liabilities decreased slightly to CNY 177,785,817.50 from CNY 183,738,788.80, a decline of 3.0%[16]. - Total equity attributable to shareholders was CNY 3,018,147,504.73, down from CNY 3,070,170,261.15, a decrease of 1.7%[16]. Cash Flow - Cash flow from operating activities showed a net increase of 149.02%, reaching ¥79,078,099.73[10]. - The cash inflow from operating activities was CNY 4,960,113,978.28, a decrease of 9.4% compared to CNY 5,474,692,082.02 in the previous period[21]. - The net cash flow from operating activities was CNY 79,078,099.73, recovering from a negative CNY 161,307,607.85 in the previous period[21]. - The cash inflow from investment activities totaled CNY 480,138,976.20, up from CNY 454,774,503.60 in the previous period[21]. - The net cash flow from investment activities was CNY 19,986,907.31, down from CNY 68,365,927.20 in the previous period[21]. - The cash inflow from financing activities was CNY 598,494,165.79, slightly lower than CNY 620,270,000.00 in the previous period[22]. - The net cash flow from financing activities was negative CNY 134,605,888.32, compared to negative CNY 8,547,708.15 in the previous period[22]. - The total cash and cash equivalents at the end of the period were CNY 491,276,706.86, an increase from CNY 277,507,001.90 in the previous period[22]. Investments and Projects - The company plans to invest in a project with an annual production capacity of 600,000 tons of high-quality welded pipes, with a total investment of RMB 680 million and a construction period of 3 years[14]. - The company has received approval for the energy-saving report related to the new project, valid for 2 years from the date of issuance[14]. - The company reported a financial loss of CNY 8,144,749.84 from investments, indicating challenges in investment performance[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 52,449[12]. - The company has a significant shareholder, Horgos Wanmulong Equity Investment Co., Ltd., holding 21.24% of shares[12]. Inventory and Receivables - The company reported accounts receivable of RMB 788.78 million as of September 30, 2022, compared to RMB 814.76 million at the beginning of the year[15]. - Inventory as of September 30, 2022, is RMB 1.34 billion, an increase from RMB 1.14 billion at the beginning of the year[15]. - The company reported a significant increase in accounts receivable, with a rise of 899.63% in notes receivable to ¥152,335,540.73[10]. Risks and Challenges - The company experienced a 45.62% decline in net profit due to fluctuations in steel prices and increased energy costs[10]. - The company is facing potential risks related to land auction outcomes and changes in project implementation conditions[14].