CSI Intelligent Finance Shenghong Technology (300476) disclosed its third quarter report for 2022 on October 27. In the first three quarters of 2022, the company achieved total operating income of 5.966 billion yuan, and increased by 10.78% year-on-year; net profit attributable to shareholders was 640 million yuan, a year-on-year increase of 2.82%; net profit excluding non-operating items was 614 million yuan, a year-on-year increase of 6.31%; net cash flow generated by operating activities was 351 million yuan, a year-on-year decrease of 35.53%; during the reporting period, Shenghong Technology's basic earnings per share was 0.74 yuan, and the weighted average return on assets was 9.84%.
According to the third quarter report, the company achieved total operating income of 1.973 billion yuan in the third quarter, a year-on-year decrease of 1.47%, and a month-on-month increase of 0.37%; net profit attributable to shareholders was 186 million yuan, a year-on-year decrease of 19.56%, and a month-on-month decrease of 26.39%; net profit excluding non-network was 176 million yuan, a year-on-year decrease of 23.49%, and a month-on-month decrease of 27.93%.
In the first three quarters of 2022, the company's gross profit margin was 17.20%, a year-on-year decrease of 6.15 percentage points; the net profit margin was 10.72%, a decrease of 0.83 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 14.86%, a year-on-year decrease of 7.47 percentage points and a month-on-month decrease of 0.15 percentage points; the net profit margin was 9.41%, a decrease of 2.11 percentage points from the same period last year and a decrease of 3.42 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was 2.80%, a year-on-year decrease of 2.82 percentage points and a month-on-month decrease of 1.05 percentage points.
In the first three quarters of 2022, the company's net cash flow of in operating activities was 351 million yuan, a year-on-year decrease of 35.53%; the net cash flow of financing activities was 283 million yuan, a year-on-year decrease of 317 million yuan; the net cash flow of investment activities was -745 million yuan, a year-on-year decrease of -1.197 billion yuan.
In the first three quarters of 2022, the company's operating income cash ratio was 100.74%, and the net cash ratio was 54.82%.
In the first three quarters of 2022, the company's period expenses were 394 million yuan, a decrease of 168 million yuan from the same period last year; the period expense ratio was 6.61%, a decrease of 3.83 percentage points from the same period last year. Among them, sales expenses increased by 31.32% year-on-year, administrative expenses decreased by 12.38% year-on-year, R&D expenses decreased by 6.66% year-on-year, and financial expenses changed from 74.8693 million yuan in the same period last year to -84.5487 million yuan.
In terms of major changes in assets, as of the end of the third quarter of 2022, the company's inventory decreased by 22.44% from the end of the previous year, accounting for 2.69 percentage points of the company's total assets; fixed assets increased by 5.09% from the end of the previous year, accounting for 1.35 percentage points of the company's total assets; accounts receivable decreased by 0.77% from the end of the previous year, accounting for 0.54 percentage points of the company's total assets; projects under construction decreased by 17.00% from the end of the previous year, accounting for 0.31 percentage points of the company's total assets.
In terms of major changes in liabilities, as of the end of the third quarter of 2022, the company's short-term loans increased by 58.25% from the end of the previous year, accounting for 5.31 percentage points of the company's total assets; accounts payable decreased by 22.14% from the end of the previous year, accounting for 3.58 percentage points of the company's total assets; other current liabilities decreased by 89.64% from the end of the previous year, accounting for 0.84 percentage points of the company's total assets; long-term loans decreased by 9.53% from the end of the previous year, accounting for 0.76 percentage points of the company's total assets. In terms of debt repayment ability, the company's debt-to-asset ratio at the end of the third quarter of 2022 was 51.79%, a decrease of 1.63 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 22.84%, an increase of 4.52 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 are Han Jun, Huatai Ruilian Fund Management Co., Ltd.-Nanjing Huatai Ruilian M&A Fund No. 2 (Limited Partnership), and Fuguo Steady Enhanced Bond Securities Investment Fund, replacing Xingquan Trend Investment Mixed Securities Investment Fund at the end of the second quarter, Basic Pension Insurance Fund 1205 Portfolio, and China Merchants Bank Co., Ltd. -Xingquan Light Asset Investment Mixed Securities Investment Fund (LOF) at the end of the second quarter. In terms of specific shareholding ratio, the National Social Security Fund 418 portfolio, CITIC Securities - CITIC Bank -CITIC Securities Excellent Growth Two-Year Holding Period Mixed Collective Asset Management Plan , and Zhu Yuehai's shareholding has declined.
| Share name | Stakeholder shares (ten thousand shares) | Sales proportion of total share capital (%) | change ratio (%) |
|---|---|---|---|
| Shenzhen Shenghuaxin Industry Investment Co., Ltd. | 16056.65 | 18.591463 | unchangeable |
| Shenghong Technology Group (Hong Kong) Co., Ltd. | 13143.2 | 15.218078 | unchanged |
| Huizhou Bodaxing Industrial Co., Ltd. | 2831.2 | 3.27815 | unchanged |
| National Social Security Fund Four-18 Combination | 1184.33 | 1.3712 93 | -0.01 |
| CITIC Securities-CITIC Bank-CITIC Securities Excellent Growth Two-Year Holding Period Mixed Collective Asset Management Plan | 999.13 | 1.15686 | -0.50 |
| Zhuhai Gree Equity Investment Fund Management Co., Ltd.-Zhuhai Gree Jin No. 6 Equity Investment Fund Partnership (Limited Partnership) | 843.74 | 0.976936 | unchanged |
| Zhu Yuehai | 755.61 | 0.874892 | -0.06 |
| Korean Army | 720.83 | 0.834628 | New |
| Huatai Ruilian Fund Management Limited Company-Nanjing Huatai Ruilian M&A Fund No. 2 (Limited Partnership) | 705.64 | 0.817042 | New |
| Fuguo Steady Enhanced Bond Securities Investment Fund | 704.96 | 0. 81625 | New |
In terms of chip concentration, as of the end of the third quarter of 2022, the company's total number of shareholders was 44,900, an increase of 1,708 from the end of the second quarter, an increase of 3.95%; the average shareholding market value fell from 366,900 yuan at the end of the second quarter to 257,200 yuan, a decrease of 29.90%.
