MINDEO(SZ:300656)2022-10-25 16:00Revenue and Profitability - Revenue for Q3 2022 was CNY 157,953,976.73, a slight increase of 0.07% year-over-year[5] - Net profit attributable to shareholders decreased by 22.47% to CNY 20,002,072.72 in Q3 2022[5] - Basic earnings per share fell by 29.03% to CNY 0.1274[5] - Total revenue for the third quarter was CNY 362,103,244.52, a slight increase from CNY 360,362,140.70 in the previous year, representing a growth of approximately 0.48%[28] - Operating profit for the period was CNY 59,265,580.34, showing a marginal decrease from CNY 59,406,693.69, indicating a decline of approximately 0.24%[28] - The net profit for Q3 2022 was CNY 52,721,174.36, an increase from CNY 51,565,465.05 in Q3 2021, representing a growth of approximately 2.24%[29] - The total comprehensive income for Q3 2022 reached CNY 60,566,506.78, compared to CNY 51,246,707.41 in the same period last year, indicating an increase of about 18.00%[29] - The basic and diluted earnings per share for Q3 2022 were both CNY 0.3351, down from CNY 0.3585 in the same quarter last year, reflecting a decrease of about 6.73%[29] Assets and Liabilities - Total assets increased by 79.77% to CNY 1,495,103,104.54 compared to the end of the previous year[5] - Cash and cash equivalents rose significantly to CNY 123,814,615.52 from CNY 34,246,231.59, marking an increase of about 261.36%[26] - Accounts receivable decreased to CNY 206,306,259.54 from CNY 229,645,812.66, a reduction of approximately 10.18%[26] - Inventory increased to CNY 125,733,082.93 from CNY 83,328,206.01, representing a growth of about 50.93%[26] - Non-current assets totaled CNY 948,752,996.33, up from CNY 375,502,129.77, indicating a substantial increase of approximately 152.73%[26] - Total liabilities rose to CNY 376,151,468.12 from CNY 263,806,820.89, reflecting an increase of about 42.50%[27] - Shareholders' equity increased significantly to CNY 1,118,951,636.42 from CNY 567,859,812.17, representing a growth of approximately 96.93%[27] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 43,668,862.65, up 13.92%[5] - Operating cash flow for the period was CNY 43,668,862.65, up from CNY 38,333,802.74 in Q3 2021, reflecting a growth of approximately 13.00%[31] - Cash and cash equivalents at the end of the period totaled CNY 123,714,615.52, significantly higher than CNY 27,333,042.05 at the end of Q3 2021, marking an increase of about 353.00%[31] - The company reported cash inflow from investment activities of CNY 853,594,378.46, compared to CNY 304,724,206.12 in the previous year, showing a substantial increase of approximately 179.00%[31] - The net cash flow from financing activities was CNY 588,158,613.74, a significant improvement from a net outflow of CNY 70,176,896.89 in Q3 2021[31] Investments and Financing - The company reported a 951.27% increase in investment income year-to-date, attributed to equity method investments and bank wealth management products[11] - The net cash flow from financing activities increased by 938.11% year-to-date due to a significant amount raised from a targeted stock issuance[13] - The company raised a total of approximately RMB 500 million through a targeted issuance of shares, with the funds allocated for the research and industrialization of silicon carbide power devices and other projects[23] - The company invested RMB 100 million in Zhejiang Chip Microtech Semiconductor Co., Ltd., acquiring a 35.0877% stake, to enhance its capabilities in advanced power semiconductor manufacturing[20] - The company also invested RMB 20 million in Jiangsu Lijun Power Semiconductor Co., Ltd., obtaining a 6.3492% stake, to strengthen its smart IDM ecosystem in the power semiconductor sector[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,841, with no preferred shareholders having restored voting rights[16] - The top ten shareholders collectively hold 25.58% of the company's shares, with the largest shareholder, Xu Xiangcan, holding 13.18%[16][17] Government Support - The company received government subsidies amounting to CNY 1,025,481.00 in Q3 2022[6] Operational Metrics - Inventory increased by 50.89% year-over-year, driven by preparations for orders in the second half of the year[8] - Long-term borrowings increased by 1,066.83% year-over-year, reflecting new bank loans to meet funding needs[9] - The company experienced a decrease in operating expenses, with cash paid for goods and services amounting to CNY 308,474,801.03, compared to CNY 283,730,261.35 in Q3 2021, which is an increase of approximately 8.70%[31] - The company received CNY 4,519,939.89 in tax refunds during the period, slightly lower than CNY 5,807,011.67 in the previous year[30] - The total cash outflow from investment activities was CNY 1,397,028,666.85, compared to CNY 316,413,274.66 in Q3 2021, indicating a significant increase of approximately 341.00%[31] - The company plans to complete the debugging and commissioning of its new projects by the first quarter of 2023, following significant progress in construction and equipment procurement[23]