Intretech(SZ:002925)2022-10-28 16:00Financial Performance - The company's revenue for Q3 2022 was ¥1,081,952,773.28, a decrease of 44.72% compared to the same period last year[8]. - Net profit attributable to shareholders for Q3 2022 was ¥192,871,419.02, down 39.22% year-on-year[8]. - The basic earnings per share for Q3 2022 was ¥0.25, reflecting a decline of 39.02% compared to the previous year[8]. - Total revenue decreased by 39.94% to ¥3,369,297,657.12 compared to ¥5,610,020,858.40 in the same period last year[16]. - Operating profit for the third quarter of 2022 was CNY 618,164,716.79, compared to CNY 1,055,033,505.25 in the same period last year, indicating a decline of 41.4%[48]. - Net profit for the third quarter of 2022 was CNY 545,894,718.35, down from CNY 915,185,887.26 in the previous year, representing a decrease of 40.3%[48]. - Net profit for the current period is approximately ¥545.89 million, a decrease of 40.4% compared to ¥915.19 million in the previous period[52]. - Net profit attributable to shareholders of the parent company is approximately ¥536.34 million, down 39.6% from ¥887.70 million in the previous period[52]. - Total comprehensive income for the current period is approximately ¥560.22 million, a decrease of 37.9% compared to ¥902.57 million in the previous period[52]. - Basic and diluted earnings per share are both ¥0.69, down from ¥1.14 in the previous period[52]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥7,506,067,937.98, a decrease of 9.99% from the end of the previous year[8]. - The total equity attributable to shareholders decreased to ¥5,157,899,783.28, down 6.21% from the end of the previous year[11]. - Total liabilities as of September 30, 2022, were CNY 2,189,071,889.29, down from CNY 2,675,700,506.24 at the beginning of the year, indicating a reduction of 18.2%[44]. - The company's inventory stock increased by 180.47% to ¥245,616,520.88, primarily due to share buybacks during the reporting period[16]. - The company's contract liabilities rose by 63.84% to ¥100,280,875.01, mainly due to an increase in advance payments received[16]. - The company's trading financial assets increased to RMB 1,810,004,962.30 from RMB 1,547,757,331.97 at the beginning of the year, reflecting a growth of approximately 16.9%[35]. - The accounts receivable decreased to RMB 1,236,424,884.71 from RMB 1,495,686,394.59, indicating a reduction of about 17.3%[35]. - The company reported a decrease in accounts payable to CNY 693,159,409.26 as of September 30, 2022, down from CNY 1,062,111,278.26 at the beginning of the year, a reduction of 34.7%[41]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥789,296,829.91, an increase of 30.59% compared to the same period last year[8]. - Cash flow from operating activities is approximately ¥789.30 million, an increase of 30.6% compared to ¥604.39 million in the previous period[55]. - Cash inflow from operating activities totaled approximately ¥4.01 billion, down 35.0% from ¥6.17 billion in the previous period[55]. - Cash outflow from operating activities is approximately ¥3.22 billion, a decrease of 42.1% compared to ¥5.57 billion in the previous period[55]. - The net cash flow from investing activities was -¥425,619,173.24, a 63.00% increase in outflow compared to -¥261,113,150.32 in the previous year, primarily due to reduced external investments[19]. - Cash flow from investing activities shows a net outflow of approximately ¥425.62 million, worsening from a net outflow of ¥261.11 million in the previous period[58]. - The net cash flow from financing activities decreased by 242.37% to -¥1,149,281,574.79, largely due to repayments of bank loans and share repurchases[19]. - Cash flow from financing activities resulted in a net outflow of approximately ¥1.15 billion, compared to a net outflow of ¥335.69 million in the previous period[58]. - The ending balance of cash and cash equivalents is approximately ¥422.65 million, a significant decrease from ¥1.28 billion in the previous period[58]. Investments and Strategic Initiatives - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[10]. - The company received a tobacco production license, allowing it to produce electronic cigarette products, which is expected to positively impact future operating performance[27]. - The company established a wholly-owned subsidiary in Zhangzhou with a registered capital of RMB 30 million to manage its regional headquarters[29]. - The company increased its investment in Taiqu Technology by NT$ 29.5 million, raising its registered capital from NT$ 100,000 to NT$ 2,960,000[33]. - The company adjusted the performance assessment targets for its 2021 restricted stock incentive plan to better align with its operational realities[28]. - The company transferred 8.5550% equity of its subsidiary to an employee stock ownership platform for RMB 6,640,904.30 to enhance employee motivation[34]. Other Financial Metrics - The weighted average return on net assets was 3.79%, down 2.46 percentage points year-on-year[8]. - Non-operating income for Q3 2022 totaled ¥12,311,524.56, significantly lower than the previous year's amount[12]. - Financial expenses showed a significant decrease of 2750.43%, resulting in a net expense of -¥153,275,665.80, attributed to increased foreign exchange gains[16]. - Investment income dropped by 99.35% to ¥412,316.82 from ¥63,915,854.33, mainly due to impacts from forward foreign exchange contracts and investments in associates[16]. - Research and development expenses for the third quarter of 2022 were CNY 278,713,837.04, slightly up from CNY 270,670,076.09 in the previous year, indicating a growth of 3.0%[48].