CSI Intelligent Finance Sunshine City (000671) disclosed its third quarter report for 2022 on October 27. In the first three quarters of 2022, the company achieved total operating income of 18.749 billion yuan, a year-on-year decrease of 54.64%; net profit attributable to shareholders was 5.937 billion yuan, a profit of 2.913 billion yuan in the same period last year; net profit excluding non-net profit was 7.041 billion yuan, a profit of 86.7014 million yuan in the same period last year; net cash flow generated by operating activities was -2.214 billion yuan, a year-on-year decrease of 20.789 billion yuan; during the reporting period, Sunshine City basic earnings per share was -1.44 yuan, and the weighted average return on assets was -41.45%.
announcement shows that the changes in net profit attributable to shareholders are mainly due to the decrease in items that meet the profit settlement conditions in this period and the increase in the financial expenses of arrears in .
According to the third quarter report, the company achieved total operating income of 9.494 billion yuan in the third quarter, a year-on-year decrease of 16.72%, a month-on-month increase of 28.33%; net profit attributable to shareholders was -2.372 billion yuan, a year-on-year decrease of 358.12%, a month-on-month decrease of 14.65%; net profit excluding non-network was -2.317 billion yuan, a year-on-year decrease of 32.20%, a month-on-month increase of 30.39%.
In the first three quarters of 2022, the company's gross profit margin was 9.43%, a year-on-year decrease of 8.11 percentage points; the net profit margin was -31.85%, a decrease of 39.63 percentage points from the same period last year. Judging from the single-quarter indicators, the company's gross profit margin in the third quarter of 2022 was 8.01%, a year-on-year decrease of 7.85 percentage points and a month-on-month decrease of 3.55 percentage points; the net profit margin was -24.74%, a decrease of 33.13 percentage points from the same period last year and a 2.15 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was -17.94%, a year-on-year decrease of 20.95 percentage points and a month-on-month decrease of 4.67 percentage points.
In the first three quarters of 2022, the company's operating activities cash flow was -2.214 billion yuan, a year-on-year decrease of 23.002 billion yuan, mainly due to the decrease inflow of operating activities in this period being greater than the decrease in operating outflow; the net cash flow of financing activities was -3.251 billion yuan, a year-on-year increase of 28.656 billion yuan, mainly due to the decrease inflow of financing activities in this period being less than the decrease in financing outflow; the net cash flow of investment activities was -415 million yuan, compared with -8.393 billion yuan in the same period last year, mainly due to the decrease inflow of investment activities in this period being less than the decrease in investment outflow.
In the first three quarters of 2022, the company's operating income cash ratio was 103.48%, and the net cash ratio was 37.29%.
In the first three quarters of 2022, the company's period expenses were 3.944 billion yuan, an increase of 83.6686 million yuan over the same period last year; the period expense ratio was 21.03%, an increase of 11.69 percentage points from the same period last year. Among them, sales expenses decreased by 47.66% year-on-year, administrative expenses decreased by 49.72% year-on-year, R&D expenses decreased by 69.61% year-on-year, and financial expenses increased by by 2375.02% year-on-year.
According to the announcement, changes in sales expenses are mainly due to the decrease in sales-related expenses in this period; changes in management expenses are mainly due to the decrease in management-related expenses in this period; changes in financial expenses are mainly due to the increase in interest expenses in loans in this period; changes in R&D expenses are mainly due to the decrease in R&D expenses in this period.
In terms of major changes in assets, as of the end of the third quarter of 2022, the company's cash and funds decreased by 43.57% from the end of the previous year, accounting for 2.00 percentage points of the company's total assets, mainly due to the decrease in sales and collections, and continued expenditures such as operating expenses and debt repayment; inventory decreased by 4.67% from the end of the previous year, accounting for 1.72 percentage points of the company's total assets; advance payments decreased by 31.93% from the end of the previous year, accounting for 0.40 percentage points of the company's total assets; accounts receivable decreased by 17.55% from the end of the previous year, accounting for 0.07 percentage points of the company's total assets. In terms of major changes in the liabilities of
, as of the end of the third quarter of 2022, the company's non-current liabilities due within one year, increased by 44.15% from the end of the previous year, accounting for 5.35 percentage points of the company's total assets, mainly due to the reclassification of long-term debt in this period; long-term loans decreased by 40.11% from the end of the previous year, accounting for 3.30 percentage points of the company's total assets, mainly due to the reclassification of long-term debt in this period; contract liabilities decreased by 2.70% from the end of the previous year, accounting for 1.48 percentage points of the company's total assets; bond payable decreased by 48.57% from the end of the previous year, accounting for 1.43 percentage points of the company's total assets, mainly due to the reclassification of long-term debt in this period. In terms of debt repayment ability, the company's debt-to-asset ratio at the end of the third quarter of 2022 was 90.05%, an increase of 1.80 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 24.05%, an increase of 0.64 percentage points from the end of the previous year.
The third quarter report shows that among the top ten circulating shareholders of the company at the end of the third quarter of 2022, the new shareholders were Shanghai Jiawen Investment Management Co., Ltd. and Chen Lin, replacing Chen Shihui and Taikang Life Insurance Co., Ltd. at the end of the second quarter - dividends - group dividends - 019L-FH001 Shenzhen. In terms of specific shareholding ratios, the holdings of Hong Kong Central Clearing Co., Ltd. and Southern CSI All-Index Real Estate Trading Open-End Index Securities Investment Fund have decreased.
| Share name | Stock holders (ten thousand shares) | Sales proportion (%) | Total share capital (%) | Changes ratio (%) |
|---|---|---|---|---|
| Fujian Sunshine Group Co., Ltd. | 66133.63 | 15.972828 | Unchanged | |
| Oriental Xinlong Asset Management Co., Ltd. | 57739.3 | 13.945402 | Unchanged | |
| Oriental Xinlong Asset Management Co., Ltd. | 57739.3 | 13.945402 | Unchanged | |
| Fujian Kangtian Industrial Group Co., Ltd. | 30858.13 | 7.452965 | unchanged | |
| Cangzhou Taihe Building Materials Co., Ltd. | 30672.78 | 7.408199 | unchanged | |
| Hong Kong Central Settlement Co., Ltd. | 4363.6 | 1.053913 | -0.19 | |
| Ningbo Zhenyize Investment Co., Ltd. | 3660.79 | 0.884167 | unchanged | |
| Zheng Huiqian | 1615.01 | 0.390063 | unchanged | |
| Southern CSI full index real estate transaction open index securities investment fund | 1566.68 | 0.37839 | -0.25 | Shanghai Jiawen Investment Management Co., Ltd. | 1352 | 0.32654 | New |
| Chen Lin | 1332.71 | 0.321881 | New |
In terms of chip concentration, as of the end of the third quarter of 2022, the total number of shareholders of the company was 151,800, a decrease of 1,063 from the end of the second quarter, a decrease of 0.70%; the average shareholding market value dropped from 59,300 yuan at the end of the second quarter to 53,200 yuan, a decrease of 10.29%.
