SMEI(SZ:300456)2022-10-26 16:00Revenue and Profitability - Revenue for Q3 2022 was ¥177,744,064.47, a decrease of 26.94% year-over-year, and year-to-date revenue was ¥555,175,891.63, down 13.00% compared to the same period last year[2] - Net profit attributable to shareholders was -¥6,691,869.60, a decline of 135.82% year-over-year, while year-to-date net profit was ¥1,606,842.12, down 98.23%[2] - The net profit excluding non-recurring gains and losses for Q3 2022 was -¥29,238,677.56, a decrease of 459.37% year-over-year, with a year-to-date figure of -¥91,119,209.15, down 750.18%[2] - Operating profit turned negative at -¥68,008,245.73, a decline of 167.32% due to increased operational costs and significant equity incentive expenses[8] - Net profit decreased by 199.28% to -¥55,522,007.31, influenced by exchange rate fluctuations and high operational costs[8] - The company reported a total comprehensive loss of -¥210,935,350.02, a significant increase of 270.70% compared to the previous period[8] - Basic earnings per share dropped by 98.43% to ¥0.0022, reflecting the overall decline in profitability[8] - Diluted earnings per share decreased by 98.43% to 0.0022 from 0.1398 due to various factors[9] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥6,885,053,700.25, a decrease of 4.90% from the end of the previous year[3] - Shareholders' equity attributable to the parent company was ¥4,976,597,742.42, down 2.09% from the previous year-end[3] - The company’s total liabilities decreased by 36.33% to ¥692,969,849.34, reflecting a reduction in short-term borrowings and other liabilities[6] - The company reported a total liability of CNY 1,366,922,619.21, compared to CNY 1,557,987,703.84 in the previous year, indicating a decrease of 12.2%[18] - The total equity attributable to shareholders of the parent company was CNY 4,976,597,742.42, down from CNY 5,082,992,412.37 year-over-year[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥46,127,746.64, an increase of 144.54%[2] - Cash inflow from operating activities increased by 55.37% to CNY 1,032,676,118.66 compared to CNY 664,642,295.36 in the previous period[9] - Net cash flow from operating activities turned positive at CNY 46,127,746.64, a 144.54% improvement from a negative CNY 103,568,877.58 in the previous period[9] - Cash and cash equivalents decreased by 35.23% to CNY 1,829,906,057.97 from CNY 2,825,157,900.55[10] - Total cash outflow from investing activities increased by 41.48% to CNY 976,058,807.64 compared to CNY 689,909,183.35 in the previous period[9] - Cash flow from financing activities showed a net outflow of CNY 138,998,503.74, a decline of 105.67% from a net inflow of CNY 2,452,409,830.59 in the previous period[9] Expenses - Management expenses increased by 119.04% to ¥153,506,303.44 due to higher equity incentive costs and personnel expenses[7] - Financial expenses decreased by 553.24% to -¥48,818,498.08 primarily due to increased bank deposit interest and repayment of short-term loans[7] - Interest income surged by 198.74% to ¥22,239,536.61 as a result of significantly higher bank deposit interest[7] - Investment income rose by 54.16% to ¥76,933,424.54, mainly from gains on the disposal of long-term equity investments[7] - Total operating costs increased to CNY 728,161,899.41, up 9.9% from CNY 662,691,359.99 year-over-year[19] - Research and development expenses rose to CNY 214,638,668.83, an increase of 8.5% from CNY 197,654,657.41 in the previous year[19] Government Support and Subsidies - The company recognized government subsidies amounting to ¥33,530,206.37 during the quarter, contributing to the overall financial performance[4] - The company’s non-recurring gains totaled ¥22,546,807.96 for the quarter, primarily from government subsidies and asset disposals[4] - The company received a tax refund of CNY 7,278,834.48, an increase of 171.46% from CNY 2,681,395.76 in the previous period[9] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 73.95% to ¥243,366,967.91 due to increased raw material purchases[5] - Accounts receivable increased to RMB 200,062,191.27 from RMB 180,727,656.16, representing an increase of about 10.5%[17] Corporate Actions - The company completed the transfer of 99% partnership interest in Beijing Jixin Sensor Technology Center (Limited Partnership) at no cost, enhancing its control over the entity[15] - The company sold 100% equity of Zhongce Naiwei Technology (Beijing) Co., Ltd. for RMB 2,059,200, completing the transaction in September 2022[15] - The company’s subsidiary changed its name to Beijing Saiji International Technology Co., Ltd. and expanded its business scope to include integrated circuit manufacturing and sales[16] Future Outlook - The company plans to focus on market expansion and new product development to improve future performance[19]