Financial Performance - The company's operating revenue for Q3 2022 was ¥122,199,650.31, representing a year-over-year increase of 3.74%[5] - The net profit attributable to shareholders for Q3 2022 was -¥2,293,250.28, a decrease of 117.45% compared to the same period last year[5] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -¥4,274,254.21, down 147.98% year-over-year[5] - Total revenue for the first three quarters of 2022 reached ¥392,925,961.68, an increase of 13.8% compared to ¥345,254,358.30 in the same period of 2021[22] - Net profit for the third quarter of 2022 was ¥13,543,698.88, a decrease of 67.7% from ¥42,003,658.91 in the same quarter of 2021[23] - The total comprehensive income for the third quarter of 2022 was CNY 13,543,698.88, compared to CNY 42,003,658.91 in the same period of 2021[24] - Basic and diluted earnings per share for the third quarter of 2022 were both CNY 0.08, down from CNY 0.29 in the previous year[24] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥1,269,187,051.52, reflecting a 19.75% increase from the end of the previous year[6] - The company's total assets as of the third quarter of 2022 amounted to ¥1,269,187,051.52, compared to ¥1,059,864,086.21 at the end of the previous year[20] - Current liabilities increased to ¥556,522,643.89 in the third quarter of 2022, up from ¥353,263,833.94 in the same period of 2021[19] - The total liabilities for the third quarter of 2022 were ¥620,772,533.23, an increase from ¥403,393,266.80 in the same quarter of 2021[19] - The company's fixed assets rose to ¥249,431,250.22 in the third quarter of 2022, compared to ¥220,019,872.53 in the same period of 2021[20] Cash Flow - The cash flow from operating activities for the year-to-date period was -¥42,260,139.82, a decrease of 164.58% compared to the previous year[6] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 401,483,718.20, an increase from CNY 332,706,289.70 in the same period of 2021[26] - Cash outflow from operating activities totaled CNY 443,743,858.02, compared to CNY 267,272,370.95 in the previous year, resulting in a net cash flow from operating activities of CNY -42,260,139.82[26] - The ending cash and cash equivalents balance for the third quarter of 2022 was CNY 32,787,073.66, an increase from CNY 16,300,944.08 in the same period of 2021[27] - Cash and cash equivalents as of September 30, 2022, were 66.84 million RMB, down from 72.33 million RMB at the end of 2021[17] Research and Development - Research and development expenses for Q3 2022 totaled ¥12,466,052.81, an increase of 37.30% compared to the same period last year[6] - The R&D expenses accounted for 10.20% of operating revenue, up 2.49 percentage points year-over-year[6] - Research and development expenses for the first three quarters of 2022 were ¥32,729,300.36, compared to ¥23,608,007.63 in 2021, indicating a 38.4% increase in R&D investment[22] - R&D expenses increased by 338.63 million RMB, a growth of 37.30% year-on-year, due to intensified investment in technology development and collaboration with academic institutions[16] Management and Operational Challenges - The company reported a decrease in net profit and earnings per share due to rising material costs and increased management expenses[16] - Management expenses rose significantly, with employee compensation increasing by 2.3746 million RMB, a 65.17% increase compared to the previous year[16] - The company faced challenges in the industrial flue gas treatment sector due to supply chain disruptions and project delays in the power and cement industries[15] Strategic Focus - The company is focusing on enhancing its core product technology and expanding its talent and technology reserves in the polymer materials field[16] - The company is committed to pushing new technologies to market and strengthening its strategic partnerships with external consulting firms[16] Shareholder Information - The top shareholder, Xu Hui, holds 59.34 million shares, accounting for 37.09% of total shares[12] Orders and Market Position - The total amount of orders on hand at the end of Q3 2022 was 340 million RMB, representing a year-on-year increase of 18.06%, with 203 million RMB in orders for Q3 alone, up 15.68% year-on-year[15]
元琛科技(688659) - 2022 Q3 - 季度财报