MCST(300355)2022-10-25 16:00Financial Performance - The company's revenue for Q3 2022 was ¥411,666,524.44, a decrease of 44.97% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥77,518.38, down 99.93% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥4,438,212.65, a decrease of 105.47%[5]. - Total operating revenue for the third quarter was ¥1,337,838,567.19, a decrease of 22.5% compared to ¥1,725,967,491.18 in the same period last year[20]. - The net profit for the third quarter of 2022 was ¥185.88 million, down 36% from ¥290.40 million in the previous year[21]. - The basic and diluted earnings per share for Q3 2022 were both ¥0.00, reflecting a 100% decrease compared to the same period last year[5]. - The basic and diluted earnings per share for the third quarter were both ¥0.09, compared to ¥0.15 in the same period last year[21]. - The total comprehensive income attributable to the parent company was ¥121.68 million, down from ¥242.04 million in the previous year[21]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥15,543,772,876.37, representing a decrease of 2.92% from the end of the previous year[5]. - Total current assets decreased to ¥6,292,135,359.13 from ¥6,639,626,492.72, reflecting a reduction of 5.2%[18]. - Total non-current assets slightly decreased to ¥9,251,637,517.24 from ¥9,371,303,852.45, a decline of 1.3%[18]. - Total current liabilities decreased to ¥4,872,882,699.73 from ¥5,779,186,906.89, a decrease of 15.7%[19]. - Total non-current liabilities increased to ¥4,827,981,019.39 from ¥4,474,649,871.27, an increase of 7.9%[19]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥124,756,923.75, down 51.96%[5]. - The cash flow from operating activities for the third quarter was ¥124.76 million, a decline of 52% compared to ¥259.68 million in the same period last year[22]. - The company reported a net cash outflow from financing activities of ¥473.47 million, contrasting with a net inflow of ¥151.53 million in the previous year[23]. - The cash and cash equivalents at the end of the period stood at ¥381.43 million, down from ¥695.62 million at the end of the previous year[23]. - The company received cash from investment activities amounting to ¥71.52 million, a decrease from ¥121.73 million in the previous year[23]. - The cash outflow for investing activities was ¥28.84 million, significantly lower than ¥177.34 million in the previous year[23]. Expenses and Costs - Total operating costs amounted to ¥1,119,127,617.57, down 13.1% from ¥1,287,831,569.31 year-over-year[20]. - The company's research and development expenses for Q3 2022 were ¥65,473,677.92, a decrease of 32.03% year-on-year, shifting focus from application demonstration projects to grass seed technology[9]. - The company reported a decrease in research and development expenses to ¥65,473,677.92 from ¥96,325,982.98, a reduction of 32.0%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,426[11]. - The largest shareholder, Wang Zhaoming, holds 16.78% of the shares, totaling 269,131,442 shares[11]. - The company has three preferred shareholders, with the largest holding 62.50% of the preferred shares[13]. Taxation - The company experienced a 90.51% decrease in taxes payable, amounting to ¥12,761,360.04, primarily due to tax payments made during the reporting period[9]. - Tax expenses decreased by 56.74% to CNY 25,863,527.10 due to a reduction in company profits during the reporting period[10]. - Cash paid for various taxes increased by 45.39% to CNY 240,007,318.83 compared to the previous year[10]. Investment Income - Investment income dropped by 93.08% to CNY 813,160.12, primarily due to dividends received from associates in the previous year[10]. - Cash received from the disposal of fixed assets decreased by 99.10% to CNY 200,000.00, as the previous year included significant land disposals[10]. - Cash received from the disposal of subsidiaries and other operating units fell by 87.34% to CNY 4,000,000.00 compared to the previous year[10]. - Cash paid for the acquisition of fixed assets decreased by 70.50% to CNY 28,838,142.02, attributed to land use payments in the previous year[10]. Inventory and Prepayments - The company's inventory increased by 41.81% to ¥219,510,528.78, attributed to the rising costs of contract performance for engineering projects[9]. - The company reported a significant increase in prepayments, which rose by 176.50% to ¥33,882,394.90, mainly due to increased material payments[9].