Financial Performance - The company's revenue for Q3 2022 was CNY 62,280,839, representing a year-on-year increase of 17.35%[5] - The net profit attributable to shareholders for Q3 2022 was CNY 859,028.29, a decrease of 73.94% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -841,311.42, a decline of 144.26% year-on-year[5] - Total operating revenue for Q3 2022 was CNY 181,105,259.85, an increase of 1.87% compared to CNY 177,438,758.50 in Q3 2021[22] - The net profit for Q3 2022 was 6,893,125.04 CNY, compared to a net profit of 12,332,546.72 CNY in Q3 2021, indicating a decrease of about 44.0%[23] - The total comprehensive income for Q3 2022 was 6,318,837.42 CNY, down from 12,505,144.11 CNY in Q3 2021, reflecting a decline of approximately 49.6%[23] Earnings and Profitability - The basic earnings per share for Q3 2022 was CNY 0.0084, down 73.91% from the same period last year[5] - The basic and diluted earnings per share for Q3 2022 were both 0.0673 CNY, compared to 0.1314 CNY in the same quarter last year, a decrease of about 48.8%[23] - Operating profit for Q3 2022 decreased to CNY 7,050,552.30 from CNY 12,045,810.97 in Q3 2021, indicating a decline of 41.6%[22] Cash Flow and Liquidity - The operating cash flow net amount for the year-to-date was CNY 41,064,653.95, an increase of 171.34% compared to the previous year[5] - The operating cash flow for Q3 2022 was 41,064,653.95 CNY, a significant improvement from a negative cash flow of -57,563,046.67 CNY in the previous year[24] - The total cash inflow from operating activities was 189,714,012.34 CNY, while the total cash outflow was 148,649,358.39 CNY, resulting in a net cash inflow of 41,064,653.95 CNY[24] - Cash and cash equivalents decreased by 31.84% to ¥216,696,639.23 due to investments in new factory construction and repayment of previous loans[10] - Cash and cash equivalents as of September 30, 2022, were CNY 216,696,639.23, down from CNY 317,915,874.56 at the beginning of the year, a decrease of 31.7%[19] Assets and Liabilities - Total assets at the end of Q3 2022 were CNY 875,541,462.36, a decrease of 5.82% from the end of the previous year[5] - Total assets decreased to CNY 875,541,462.36 as of September 30, 2022, from CNY 929,635,819.97 at the beginning of the year, a decline of 5.8%[20] - Total liabilities decreased to CNY 262,531,348.91 from CNY 292,229,199.60, representing a reduction of 10.2%[20] - The company's equity attributable to shareholders at the end of Q3 2022 was CNY 613,010,113.45, down 3.83% from the previous year-end[5] Expenses and Costs - Total operating costs for Q3 2022 were CNY 184,916,542.51, up from CNY 173,692,672.21 in the same period last year, reflecting a year-over-year increase of 6.83%[22] - The company’s net profit for the period was impacted by increased R&D expenses, which rose to CNY 35,672,624.52 from CNY 33,086,231.69, an increase of 7.8%[22] - Financial expenses showed a significant increase of 269.85% to -¥655,543.11, primarily due to increased interest income and cash discounts compared to the same period last year[12] Investments and Growth Strategies - The company plans to continue focusing on R&D and government subsidies to support growth despite the current financial challenges[9] - The company plans to implement a stock incentive plan aimed at enhancing operational efficiency and reducing costs, which is expected to positively impact long-term performance[18] - Construction in progress surged by 7667.04% to ¥22,695,101.00 due to the commencement of fundraising project construction[10] Other Financial Metrics - Non-recurring gains for Q3 2022 amounted to CNY 1,700,339.71, compared to CNY 6,421,415.35 for the year-to-date[6] - Investment income decreased by 47.25% to ¥1,606,622.84, attributed to reduced returns from financial products purchased with idle funds[12] - Credit impairment losses decreased by 125.73% to ¥565,420.75, reflecting a reduction in accounts receivable and notes receivable balances[12] - Other non-current assets rose by 123.22% to ¥14,286,382.57, driven by increased prepayments for construction related to fundraising projects[10]
通业科技(300960) - 2022 Q3 - 季度财报