KNT(SZ:300225)2022-10-26 16:00Financial Performance - The company's revenue for Q3 2022 was ¥187,925,139.39, an increase of 2.31% compared to the same period last year, but a decrease of 24.57% year-to-date [5]. - The net profit attributable to shareholders was -¥28,544,784.33, a decline of 31.04% year-on-year, and -¥84,627,392.23 year-to-date, down 43.05% [5]. - The basic and diluted earnings per share were both -¥0.0583, reflecting a 31.09% decrease compared to the same period last year and a 43.09% decrease year-to-date [5]. - The total operating revenue for the third quarter was ¥500,244,340.84, a decrease of 24.5% compared to ¥663,184,410.34 in the same period last year [28]. - The net profit for the quarter was a loss of ¥84,483,700.81, compared to a loss of ¥64,045,521.06 in the previous year, reflecting a worsening performance [29]. - The total comprehensive income attributable to the parent company was -84,627,392.23 CNY, compared to -59,160,569.18 CNY in the previous period, indicating a decline of approximately 43% [30]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥71,470,409.54, an increase of 133.19% [5]. - As of September 30, 2022, the company's cash and cash equivalents decreased to ¥22,494,436.97 from ¥42,500,777.00 at the beginning of the year, representing a decline of approximately 47.2% [24]. - The total cash inflow from investment activities was 216,711,162.15 CNY, while cash outflow was 301,577,530.79 CNY, resulting in a net cash flow of -84,866,368.64 CNY [32]. - The cash and cash equivalents at the end of the period were 21,373,058.44 CNY, down from 56,850,148.21 CNY in the previous year, reflecting a decrease of approximately 62% [33]. - The total assets at the end of the reporting period were ¥1,154,099,674.09, down 11.28% from the end of the previous year [5]. - The total liabilities decreased to ¥361,163,125.85 from ¥374,476,640.46, a reduction of 3.5% [26]. Shareholder Information - The number of ordinary shareholders as of the report date was 23,812, with the largest shareholder holding 14.38% of the shares [12]. - The top ten shareholders collectively hold significant stakes, with the largest shareholder owning 70.35 million shares [12]. - The company has not disclosed any known relationships or concerted actions among the top shareholders as of the report date [13]. - The company reported a total of 3,199,000 shares under lock-up, with no shares released or added during the period [15]. - The company has a stock incentive plan where 25% of shares are unlocked annually based on the number of shares held at the end of the previous year [16]. Expenses and Liabilities - The total operating costs amounted to ¥590,243,299.41, down 19.5% from ¥733,266,204.70 year-on-year [28]. - Research and development expenses increased to ¥31,141,956.62, up 17.5% from ¥26,554,948.40 year-on-year, indicating a focus on innovation [29]. - The company reported a credit impairment loss of ¥7.40 million, an increase of 47.55% compared to the previous year, indicating a rise in bad debt provisions [10]. - The company recorded a credit impairment loss of ¥7,398,254.91, compared to a loss of ¥5,014,081.87 in the previous year, indicating increased credit risk [29]. - The company's tax and additional fees rose by 75.82% to ¥1.65 million, mainly due to increased VAT and property tax obligations [10]. Inventory and Prepayments - The company reported a significant increase in prepayments, which rose by 320.81% to ¥62,756,131.24, attributed to higher advance payments for raw materials [9]. - The company’s inventory decreased by 60.90% to ¥145,415,657.44, due to the delivery of goods to customers [9]. Stock Incentive Plans - The company has confirmed the termination of the 2020 stock incentive plan, which was approved in a temporary board meeting [18]. - The company plans to repurchase and cancel shares that have been granted but not yet released from lock-up [17]. - The company has implemented a policy that prohibits departing executives from transferring shares within six months after their departure [16]. - The company has established a mechanism for unlocking shares for executives based on their tenure and performance [17]. Government Subsidies and Accreditations - The company recognized government subsidies amounting to ¥704,815.34 during the reporting period, with a total of ¥2,732,862.15 year-to-date [7]. - The company received a laboratory accreditation certificate from the China National Accreditation Service for Conformity Assessment (CNAS) on August 28, 2022 [22].