TQCC(SZ:002523)2022-10-27 16:00Financial Performance - The company's revenue for Q3 2022 was ¥434,716,448.26, an increase of 0.34% compared to the same period last year[4] - Net profit attributable to shareholders was ¥24,117,291.61, representing a significant increase of 101.23% year-on-year[4] - The net cash flow from operating activities reached ¥89,221,238.30, a remarkable increase of 330.99% compared to the previous year[4] - Total operating revenue for the current period was ¥1,026,218,889.43, a decrease of 4.2% from ¥1,069,821,113.74 in the previous period[19] - Operating profit for the current period was ¥35,696,811.13, a decline of 29.0% compared to ¥50,263,567.05 in the previous period[20] - Net profit for the current period was ¥33,788,251.52, down 17.8% from ¥41,108,462.77 in the previous period[20] - Total comprehensive income for the current period was -¥5,378,288.18, a decrease from ¥169,485,025.27 in the previous period[21] - Basic and diluted earnings per share for the current period were both ¥0.025, down from ¥0.029 in the previous period[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,293,123,108.29, a decrease of 3.17% from the end of the previous year[4] - The company's total assets as of September 30, 2022, amount to CNY 4,293,123,108.29, a decrease from CNY 4,433,851,214.25 at the beginning of the year[16] - Current assets total CNY 3,134,537,644.39, slightly down from CNY 3,167,200,858.70 at the start of the year[15] - The company's total liabilities are CNY 1,826,137,218.18, down from CNY 1,944,027,949.91 at the beginning of the year[17] - The company has a cash balance of CNY 346,317,737.47 as of September 30, 2022[14] Inventory and Contract Liabilities - The company’s inventory increased by 31.01% to ¥699,625,200.22, attributed to a higher number of orders in hand[8] - The company’s contract liabilities rose by 40.97% to ¥412,321,021.47, reflecting an increase in received advance payments[9] - Inventory has increased to CNY 699,625,200.22 from CNY 534,006,015.15 at the beginning of the year[15] Expenses and Cash Flow - Financial expenses increased by 44.52% to ¥13,117,194.97, mainly due to the previous year's customer funding occupation fee[9] - Investment income decreased by 66.83% to ¥7,099,599.98, primarily due to the absence of dividends from a previous investment[10] - The net cash flow from investing activities improved by 168.15% to ¥47,486,141.72, mainly due to reduced amounts spent on financial investments[10] - Research and development expenses increased to ¥61,196,449.83, up 7.9% from ¥57,145,453.33 in the previous period[20] - Cash flow from operating activities was ¥89,221,238.30, a significant improvement from a negative cash flow of -¥38,624,983.83 in the previous period[23] - Cash and cash equivalents at the end of the period were ¥271,160,753.86, compared to ¥160,840,061.69 at the end of the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 57,830[12] - The largest shareholder, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd., holds 24.08% of shares, totaling 341,071,926 shares[12] Future Plans - The company plans to continue expanding its market presence and developing new technologies to enhance its competitive edge[18] Credit Impairment - The company reported a significant increase in credit impairment losses, totaling ¥29,239,685.98 compared to ¥5,409,545.81 in the previous period[20]