宝明科技(002992) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥220,256,353.79, a decrease of 17.69% compared to the same period last year[4] - The net profit attributable to shareholders was -¥45,902,639.00, representing a decrease of 24.79% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥46,571,561.38, a decrease of 26.36% compared to the previous year[4] - The company's net profit for the period was reported at -¥116,054,589.64, compared to -¥149,390,684.90 in the same period last year, showing an improvement of approximately 22.3%[39] - The total profit for the period was -¥117,003,493.37, an improvement from -¥187,849,833.95 year-over-year, indicating a reduction in losses of approximately 37.7%[39] - The company reported a net loss attributable to shareholders of CNY -115,697,410.56, compared to a loss of CNY -149,710,195.09 in the previous year[62] Earnings Per Share - The basic earnings per share for the period was -¥0.26, a decrease of 23.53% year-on-year[4] - The diluted earnings per share for the period was -¥0.25, a decrease of 26.47% compared to the previous year[4] - Basic earnings per share were CNY -0.65, an improvement from CNY -0.83 in the same quarter last year[62] Cash Flow - The net cash flow from operating activities was ¥6,989,719.16, down 83.54% from the same period last year[10] - Cash outflow from operating activities totaled $902,862,754.14, up from $836,024,608.69, resulting in a net cash flow from operating activities of $6,989,719.16, down 83.5% from $42,469,742.32[66] - Investment cash outflow was $89,121,376.35, significantly lower than $307,646,586.65 in the previous period, leading to a net cash flow from investing activities of -$89,121,376.35[66] - Cash inflow from financing activities was $281,474,135.92, compared to $425,548,149.51 in the previous period, resulting in a net cash flow from financing activities of -$64,450,152.80[66] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,952,988,529.14, a decrease of 17.05% from the end of the previous year[4] - Total assets decreased to CNY 1,952,988,529.14 from CNY 2,354,488,573.04, a decline of 17.1%[59] - Total liabilities decreased to CNY 904,320,641.25 from CNY 1,245,895,927.91, a reduction of 27.4%[59] - The equity attributable to shareholders at the end of the reporting period was ¥1,028,533,948.33, down 7.55% from the end of the previous year[4] - The company’s equity attributable to shareholders decreased to CNY 1,028,533,948.33 from CNY 1,112,501,526.49, a decline of 7.5%[59] Government Subsidies and Other Income - The company received government subsidies amounting to ¥2,982,922.46 during the reporting period[20] - Other income increased by 41.91% to ¥7,190,925.80, mainly from increased government subsidies related to daily operations[45] Research and Development - Research and development expenses for the period were ¥47,557,137.86, down from ¥72,238,989.13, reflecting a decrease of about 34.2%[39] - Research and development expenses decreased by 34.17% to ¥47,557,137.86, reflecting a reduction in mobile phone R&D investment[45] Capital and Investments - The company approved a capital increase of ¥50 million for its subsidiary, raising its registered capital from ¥10 million to ¥60 million[33] - The company is investing in a new lithium battery composite copper foil production base in Ganzhou, which is expected to enhance its market position[30] Financial Expenses - The financial expenses increased to ¥12,300,059.14 from ¥6,910,828.82, marking an increase of approximately 77.5%[39] - Financial expenses increased by 77.98% to ¥12,300,059.14, due to decreased interest income and increased interest expenses[45] Inventory and Receivables - The accounts receivable decreased to ¥337,484,665.90 from ¥386,536,621.55, indicating a reduction of about 12.7%[34] - Inventory impairment losses decreased by 52.59% to -¥13,118,181.84, primarily due to a reduction in inventory and lower provisions for inventory write-downs[45] - Accounts receivable financing decreased by 39.20% to ¥23,194,677.65, primarily due to the maturity or endorsement of bank acceptance bills[44] - Prepayments increased significantly by 313.32% to ¥23,325,103.51, mainly due to an increase in advance payments for goods[44] - Contract liabilities surged by 6122.15% to ¥20,354,830.06, attributed to an increase in performance contract prepayments[44] - Other payables rose by 242.45% to ¥52,299,010.46, mainly due to the issuance of restricted stock to employees and the recognition of liabilities for repurchase obligations[44] Cash Management - As of September 30, 2022, the company's cash and cash equivalents amounted to ¥299,176,315.07, a decrease from ¥529,944,287.05 at the beginning of the year, representing a decline of approximately 43.5%[34] - Cash and cash equivalents decreased by 43.55% to ¥299,176,315.07 due to increased repayments of notes payable and loans[44] - The company's cash and cash equivalents were CNY 856,397,869.61, down from CNY 1,274,459,773.16, indicating a decrease of 32.7%[57] - The ending cash and cash equivalents balance decreased to $144,926,084.59 from $472,666,982.66, reflecting a net decrease of $146,519,739.28[66] - Cash received from sales of goods and services was $882,055,799.89, an increase from $845,216,326.27 in the previous period[65] - Cash received from tax refunds was $19,571,549.34, up from $14,008,274.78, indicating improved cash management[65] - Payments to employees decreased to $129,154,231.38 from $156,297,806.27, suggesting cost control measures[66] - Total cash outflow for taxes was $18,093,645.69, down from $24,784,107.04, reflecting a reduction in tax liabilities[66] - The company received $50,000,000.00 from minority shareholders, a significant increase from $2,000,000.00 in the previous period, indicating strong investor confidence[66]