联诚精密(002921) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was CNY 297,890,691.59, a decrease of 0.65% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was CNY 3,485,643.39, down 75.20% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,807,355.88, a decline of 86.71% compared to the previous year[6]. - Net profit attributable to the parent company decreased by 54.86% to ¥28,080,967.56, primarily due to a reduction in overall profit[13]. - Net profit for the period was CNY 37,038,349.23, a decrease of 39.5% from CNY 61,339,861.40 in the same period last year[27]. - Earnings per share (EPS) decreased to CNY 0.2211 from CNY 0.5926, reflecting a decline of 62.7%[28]. - The company reported a total comprehensive income of CNY 44,697,661.03, down from CNY 63,944,205.13 in the same period last year[28]. Assets and Liabilities - The total assets at the end of Q3 2022 reached CNY 2,281,519,176.08, an increase of 24.32% from the end of the previous year[6]. - As of September 30, 2022, total assets reached RMB 2,281,519,176.08, an increase from RMB 1,835,164,815.25 at the beginning of the year, reflecting a growth of approximately 24.3%[22]. - Total current liabilities increased to RMB 669,328,932.48 from RMB 565,789,877.91, representing an increase of approximately 18.3%[23]. - The company's fixed assets increased to RMB 689,603,971.32 from RMB 588,440,654.41, showing a growth of approximately 17.2%[23]. - The total equity increased to RMB 1,288,464,283.79 from RMB 929,995,633.95, reflecting a growth of approximately 38.6%[23]. - The company’s long-term borrowings decreased to RMB 51,200,000.00 from RMB 75,100,000.00, a reduction of approximately 31.9%[23]. Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of CNY 64,379,171.56, up 484.91% year-to-date[6]. - Cash flow from operating activities generated a net inflow of CNY 64,379,171.56, significantly higher than CNY 11,006,613.95 in the previous period[29]. - The net cash flow from investment activities was -376,761,203.63 CNY, compared to -126,966,990.46 CNY in the previous period, indicating a significant increase in cash outflow for investments[30]. - Total cash inflow from financing activities reached 768,265,927.05 CNY, up from 230,290,877.72 CNY in the previous period, reflecting strong financing efforts[30]. - The net cash flow from financing activities was 337,748,365.40 CNY, compared to 14,882,833.47 CNY in the previous period, showing a substantial improvement[30]. - The cash and cash equivalents at the end of the period totaled 205,406,844.41 CNY, an increase from 127,197,299.15 CNY at the end of the previous period[30]. Market Challenges and Strategies - The company faced challenges due to a significant decline in the heavy truck and engineering machinery markets, exacerbated by ongoing COVID-19 impacts[10]. - The company is actively developing new high-value-added products and expanding its customer base to adapt to market changes[10]. - The company is focusing on continuous development of new technologies and products to lay a solid foundation for future growth[10]. Investments and Financing - The company reported a 90.27% increase in capital reserves due to funds raised from a non-public stock issuance[11]. - The company’s short-term borrowings increased by 61.33% to CNY 387,604,131.23, driven by increased operational funding needs[11]. - The company completed the acquisition of a 2.3981% stake in Shanghai Shenli Technology Co., investing RMB 36,931,037.00, and a 1.5877% stake for RMB 24,450,158.00[19]. - The number of shares released from lock-up was 25,601,208, accounting for 19.44% of the total shares, effective from September 23, 2022[20]. Other Financial Metrics - Financial expenses decreased by 55.38% to ¥9,655,026.19 due to increased exchange gains from currency fluctuations[13]. - Interest income increased by 206.17% to ¥2,404,221.45, attributed to higher deposit rates and increased funds from a private placement[13]. - Investment income rose by 378.51% to ¥2,428,734.06, mainly from interest accrued on large time deposits purchased with funds from a private placement[13]. - Cash received from tax refunds increased by 66.91% to ¥35,836,564.53, mainly due to higher export tax rebates[14]. - Cash received from other operating activities rose by 142.49% to ¥30,702,947.19, driven by increased tax refunds[14]. - Cash paid for various taxes decreased by 34.76% to ¥20,035,994.11, reflecting lower VAT and income tax payments[14]. - The company reported a total cash inflow from investment activities of 12,920,092.25 CNY, compared to 60,863,599.93 CNY in the previous period, indicating a decrease[30]. - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was 127,148,676.81 CNY, slightly down from 127,797,094.14 CNY in the previous period[30]. - The company experienced a foreign exchange impact on cash and cash equivalents of 4,967,404.20 CNY, contrasting with a negative impact of -450,165.66 CNY in the previous period[30]. Reporting and Audit - The company did not undergo an audit for the third quarter report, as indicated in the audit report[31]. - The company’s board of directors released the third quarter report on October 27, 2022[32].