Financial Performance - The company's revenue for Q3 2022 was CNY 144,421,885.45, representing a year-on-year increase of 46.36%[5] - Net profit attributable to shareholders for Q3 2022 was CNY 38,211,279.90, a decrease of 9.02% compared to the same period last year[5] - Cumulative revenue for the year-to-date was CNY 362,106,496.78, reflecting a slight increase of 1.92% year-on-year[5] - Total operating revenue for the current period reached ¥362,106,496.78, an increase of 1.9% compared to ¥355,297,255.52 in the previous period[44] - Net profit for the current period was ¥108,853,024.02, a decrease of 21.0% from ¥137,658,070.19 in the previous period[46] - The total profit for the current period was ¥124,207,741.65, down from ¥160,093,010.75, a decrease of 22.4%[46] - The company’s total comprehensive income for the current period was ¥108,853,024.02, compared to ¥137,658,070.19 in the previous period[46] Revenue Breakdown - The revenue from smart traffic electronic toll collection business was CNY 86,754,200, accounting for 60.07% of total revenue, with a year-on-year growth of 12.11%[12] - The revenue from smart traffic operation management system business reached CNY 54,066,300, showing a significant year-on-year increase of 179.24%[12] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY -337,861,536.71, indicating a negative cash flow primarily due to timing differences in toll fee settlements[18] - The net cash flow from operating activities was -337,861,536.71 CNY, an improvement from -476,725,780.48 CNY in the previous period, indicating a reduction in cash outflow[50] - Cash inflow from financing activities amounted to 1,046,613,796.23 CNY, with a net cash flow of 1,026,914,051.43 CNY, compared to -6,419,508.00 CNY in the previous period[53] - The total cash and cash equivalents at the end of the period reached 1,200,370,654.40 CNY, significantly up from 64,464,563.88 CNY in the previous period[53] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,084,588,389.62, a 19.08% increase from the end of the previous year[5] - The company's total assets amounted to RMB 5,084,588,389.62, an increase from RMB 4,269,996,487.09 at the beginning of the year[38] - The total liabilities of the company decreased to RMB 2,614,645,242.26 from RMB 2,938,796,330.65 at the beginning of the year[42] - The company's equity increased to RMB 2,469,943,147.36 as of September 30, 2022, compared to RMB 1,331,200,500.21 at the beginning of the year[42] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 2,414,853,580.55, an increase of 88.94% compared to the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 42,780, with Jiangsu Transportation Holding Co., Ltd. holding 49.35% of shares[25] Research and Development - Research and development expenses for the first nine months of 2022 increased by 33.11% to ¥33,310,898.21, reflecting higher investment in R&D activities[22] - Research and development expenses increased to ¥33,310,898.21, compared to ¥25,024,798.46, marking a rise of 33.3%[44] Other Financial Metrics - The gross profit margin for the main business was 51.48%, an increase from 45.78% in the previous year[14] - Other income increased by 35.47% to ¥2,377,917.00, mainly from government subsidies related to daily operations[22] - The company reported a decrease in investment income to ¥24,351,731.54 from ¥26,597,129.85, a decline of 8.4%[46] - The company experienced a 347.63% increase in credit impairment losses, amounting to -¥4,955,619.96, due to an increase in accounts receivable[22] Capital and Financing Activities - The company issued 60,000,000 shares at a price of RMB 18.78 per share, raising a total of RMB 1,126,800,000 during its IPO on September 9, 2022[34] - The company’s capital reserve increased by 186.02% to ¥1,491,290,467.11, primarily due to the initial public offering[19] Management and Governance - The company appointed new executives, including two vice presidents and a financial officer, on September 26, 2022[34] - The company approved a profit-sharing plan for the 2022-2023 period during its board meeting on September 26, 2022[37]
通行宝(301339) - 2022 Q3 - 季度财报