Yeal(SZ:300923)2022-10-25 16:00Financial Performance - The company's revenue for Q3 2022 was ¥137,749,366.17, representing a 13.01% increase compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥21,492,214.05, up 16.91% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥19,647,839.92, an increase of 17.70% compared to the previous year[5]. - Total operating revenue for Q3 2022 was ¥311,612,428.68, a decrease of 0.16% compared to ¥313,101,680.70 in Q3 2021[27]. - The net profit for the third quarter of 2022 was CNY 42,063,171.86, a decrease of 26.9% compared to CNY 57,585,645.33 in the same period last year[29]. - The total comprehensive income for the third quarter was CNY 43,146,991.85, down 26.6% from CNY 58,832,079.86 year-over-year[30]. - Basic and diluted earnings per share were both CNY 0.54, compared to CNY 0.73 in the previous year, reflecting a decline of 26.0%[30]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥1,347,561,760.83, reflecting a 0.78% increase from the end of the previous year[5]. - The total liabilities as of September 30, 2022, were ¥212,856,301.44, compared to ¥208,593,726.17 at the end of the previous year[25]. - The company's total assets as of September 30, 2022, amounted to ¥1,347,561,760.83, a slight increase from ¥1,337,123,037.31 at the beginning of the year[24]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥2,454,528.66, a significant decline of 139.55% compared to the same period last year[11]. - Cash inflow from investment activities was CNY 909,593,353.66, down 40.4% from CNY 1,526,620,844.63 year-over-year[32]. - The cash outflow from investment activities totaled CNY 873,038,107.02, a decrease of 53.5% compared to CNY 1,878,112,408.77 in the previous year[32]. - The net cash flow from financing activities was negative CNY 36,970,843.60, worsening from a negative CNY 17,836,083.02 in the same period last year[33]. - The ending cash and cash equivalents balance was CNY 231,278,851.92, a decrease from CNY 527,739,680.47 at the beginning of the period[33]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,690[15]. - The largest shareholder, Changchun Yan'ao Group Co., Ltd., holds 46.03% of shares, totaling 36,180,000 shares[15]. - The company has a total of 630,000 shares repurchased, accounting for 0.8% of the total share capital[16]. - The company has identified several key shareholders with significant stakes, including Wang Xiaoyong with 2.07% and Yan Zhaojin with 1.20%[15]. - The company is actively managing its shareholder structure, with a focus on maintaining control through major shareholders[16]. Operational Metrics - Accounts receivable increased by 43.70% to ¥420,839,638.15, attributed to longer settlement cycles in the industry[11]. - The company reported a 76.26% increase in prepayments, totaling ¥7,122,681.59, due to increased material procurement[11]. - The company recorded a 30.51% rise in accounts payable, reaching ¥92,598,275.98, driven by increased material purchases[11]. - The company reported a decrease in inventory to ¥125,342,088.57 from ¥160,469,079.94, indicating improved inventory management[23]. - Research and development expenses rose to ¥13,484,016.31, reflecting an increase of 21.5% compared to ¥11,094,804.87 in Q3 2021[28]. - The company is focusing on expanding its research and development efforts, as evidenced by the increased R&D expenses, which may lead to new product innovations in the future[28]. Financial Challenges - The cash flow from operating activities showed a net outflow of CNY 2,454,528.66, contrasting with a net inflow of CNY 6,206,062.98 in the same quarter last year[32]. - The company's net profit for the period was not explicitly stated, but the increase in total liabilities and accounts receivable suggests potential cash flow challenges[25]. - The investment income decreased by 53.48% to ¥4,055,754.79, resulting from reduced dividends and returns on idle funds[13]. - The company's financial expenses increased by 263.67% to ¥-6,101,689.71, primarily due to higher interest income[13]. Share Restrictions - The number of restricted shares at the beginning of the period was 46,675,000, with no shares released during the period[20]. - The company plans to unlock 25% of the restricted shares for executives annually during their tenure[20]. - The total number of restricted shares at the end of the period is 46,677,250[20]. - The company has 5,500,000 shares held by Changchun Yan'ao Tongren Investment Partnership, which are also subject to restrictions until December 24, 2023[19]. - The company has a total of 1,687,500 restricted shares held by executive Pei Wei, with a release schedule of 25% annually[19].