BAOSE(SZ:300402)2022-10-24 16:00Financial Performance - Q3 2022 revenue was CNY 313,967,485.58, a decrease of 1.48% year-on-year, while year-to-date revenue reached CNY 1,029,418,458.55, an increase of 13.50%[5] - Net profit attributable to shareholders for Q3 2022 was CNY 14,379,498.70, up 18.02% year-on-year, and year-to-date net profit was CNY 43,412,311.86, an increase of 23.51%[5] - Basic earnings per share for Q3 2022 was CNY 0.0712, reflecting an 18.08% increase compared to the same period last year[5] - Total operating revenue for the current period reached ¥1,029,418,458.55, an increase of 13.5% compared to ¥906,951,989.23 in the previous period[28] - Net profit for the current period was ¥43,412,311.86, representing a 23.5% increase from ¥35,149,496.57 in the same period last year[29] - Basic and diluted earnings per share increased to ¥0.2149 from ¥0.1740, reflecting a growth of 23.5%[30] - Operating profit for the current period was ¥40,436,820.21, an increase of 25.5% from ¥32,208,971.87 in the previous period[29] Assets and Liabilities - Total assets as of September 30, 2022, were CNY 2,127,479,727.72, representing a 14.00% increase from the end of the previous year[5] - As of September 30, 2022, the total assets of Nanjing Baose Co., Ltd. amounted to RMB 2,127,479,727.72, an increase from RMB 1,866,197,818.93 at the beginning of the year[21] - The company's current assets totaled RMB 1,628,280,542.59, up from RMB 1,352,762,465.12 at the start of the year, indicating a growth of approximately 20.3%[21] - The total liabilities of the company reached RMB 1,470,577,497.48, compared to RMB 1,232,507,900.55 at the beginning of the year, representing an increase of about 19.3%[25] - The company's equity attributable to shareholders was RMB 656,902,230.24, up from RMB 633,689,918.38, showing a growth of approximately 3.9%[26] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -12,954,369.02, indicating a decline of 107.18% year-to-date[5] - Cash flow from operating activities showed a net outflow of ¥12,954,369.02, a significant decline from a net inflow of ¥180,403,485.64 in the previous period[32] - Cash flow from financing activities resulted in a net outflow of ¥77,864,614.29, compared to a net outflow of ¥165,353,229.78 in the prior period[32] - The company reported a total cash and cash equivalents decrease of ¥93,207,343.19, contrasting with an increase of ¥8,106,698.33 in the previous period[32] Expenses and Provisions - The company experienced a 137.32% increase in credit impairment losses, amounting to CNY -27,296,931.12, primarily due to increased provisions for bad debts[13] - The company incurred credit impairment losses of ¥27,296,931.12, compared to ¥11,502,132.68 in the previous period, highlighting increased risk management challenges[29] - Research and development expenses were ¥41,533,824.04, up from ¥37,330,353.76, indicating a focus on innovation[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,015[14] Investments and Subsidiaries - The company plans to invest RMB 200 million to establish a wholly-owned subsidiary in Jiangsu Nantong for the operation of the Tongzhou Bay oversized equipment manufacturing base project[17] - The company has completed the registration of the wholly-owned subsidiary and obtained the business license from the Jiangsu Provincial Administration[17] - Nanjing Baose Co., Ltd. is in the process of issuing shares to specific investors, with the proposal approved by the board on June 22, 2022[18] - The company received notification from the Shenzhen Stock Exchange on October 21, 2022, regarding the acceptance of its application for the issuance of shares to specific investors[20] Government Subsidies - The company received government subsidies totaling CNY 1,999,974.31 during the reporting period, contributing to non-operating income[7]