SONGZ(SZ:002454)2022-10-25 16:00Revenue and Profitability - Revenue for Q3 2022 reached ¥1,149,572,057.70, an increase of 21.32% compared to the same period last year[5] - Net profit attributable to shareholders was ¥23,122,278.48, a significant increase of 299.77% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,469,051.83, up 305.82% from the previous year[5] - The basic earnings per share for the period was ¥0.04, representing a 467.85% increase year-on-year[5] - The net profit for Q3 2022 was ¥75,988,266.26, a decrease of 38.5% compared to ¥123,570,002.62 in Q3 2021[18] - The total comprehensive income for the period was ¥77,057,339.33, compared to ¥124,144,272.49 in the same quarter last year, a decrease of approximately 37.9%[18] - The company reported a basic earnings per share of ¥0.09, down from ¥0.15 in Q3 2021, representing a decline of 40%[18] Cash Flow and Liquidity - Cash flow from operating activities showed a net inflow of ¥61,525,212.86, down 81.42% compared to the previous year[5] - The net cash flow from operating activities was ¥61,525,212.86, significantly lower than ¥331,048,096.15 in the same period last year, indicating a decrease of about 81.4%[19] - Cash and cash equivalents decreased to CNY 450,964,793.37 as of September 30, 2022, from CNY 760,949,758.50 at the beginning of the year, showing liquidity challenges[14] - The cash and cash equivalents at the end of the period were ¥336,493,132.64, down from ¥394,214,233.35 at the end of Q3 2021, a decline of about 14.6%[20] Operating Performance - Total operating revenue for Q3 2022 was CNY 2,897,927,700.50, a decrease of 2.04% compared to CNY 2,958,448,100.08 in Q3 2021[17] - Total operating costs for Q3 2022 were CNY 2,842,545,532.12, down from CNY 2,850,609,840.92 in the same period last year, reflecting a cost reduction strategy[17] - Operating profit for Q3 2022 was CNY 88,894,061.21, a decline of 40.19% from CNY 148,597,120.58 in Q3 2021[17] - The company incurred a total operating expense of ¥2,784,761,053.83, which is an increase from ¥2,625,475,203.23 in the previous year, reflecting a rise of approximately 6.1%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,635,932,444.06, a decrease of 4.22% from the end of the previous year[5] - Total assets as of September 30, 2022, were CNY 6,635,932,444.06, down from CNY 6,928,215,646.41 at the beginning of the year, indicating a contraction in the asset base[15] - Total liabilities decreased to CNY 2,480,351,532.51 from CNY 2,824,548,810.18, reflecting a reduction in financial obligations[15] - The company’s total assets decreased to ¥1,500,000,000 from ¥1,600,000,000 in the previous year, indicating a reduction of 6.25%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 56,715[11] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[16] - The company plans to focus on expanding its market presence and investing in new technologies to enhance operational efficiency in the upcoming quarters[21] Inventory and Investments - The company's inventory increased to CNY 922,191,251.59 as of September 30, 2022, compared to CNY 761,411,214.64 at the beginning of the year, suggesting potential overstocking[14] - The company experienced a 40.74% decrease in cash and cash equivalents at the end of the reporting period, attributed to increased investments and dividend payments[9] - The company received a significant increase of 98.05% in cash inflow from tax refunds compared to the previous year[9] - The cash flow from investment activities showed a net outflow of ¥252,632,381.91, an improvement from a net outflow of ¥607,762,575.43 in the previous year[20]