CSI Intelligent Finance Guomai Automobile (600335) disclosed its third quarter report for 2022 on October 27. In the first three quarters of 2022, the company achieved total operating income of 28.064 billion yuan, a year-on-year decrease of 11.46%; net profit attributable to shareholders was 247 million yuan, and increased by 23.91% year-on-year; net profit excluding non-operating items was 182 million yuan, a year-on-year increase of 123.21%; net cash flow generated by operating activities was -2.333 billion yuan, compared with 1.966 billion yuan in the same period last year; during the reporting period, China National Machinery Automobile basic earnings per share was 0.1697 yuan, and the weighted average return on assets was 2.31%.
announcement shows that changes in net profit attributable to shareholders are mainly due to the decrease in costs and expenses in this period and the increase in exchange income.
According to the third quarter report, the company achieved total operating income of 11.061 billion yuan in the third quarter, a year-on-year increase of 29.09% and a month-on-month increase of 35.41%; net profit attributable to shareholders was 46.6641 million yuan, a year-on-year decrease of 39.32% and a month-on-month decrease of 75.89%; net profit excluding non-network was 74.37 million yuan, a year-on-year increase of 7113.81% and a month-on-month increase of 529.86%.
In the first three quarters of 2022, the company's gross profit margin was 7.16%, an increase of 0.71 percentage points year-on-year; the net profit margin was 0.88%, an increase of 0.27 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 6.13%, a year-on-year decrease of 1.48 percentage points and a month-on-month decrease of 2.06 percentage points; the net profit margin was 0.53%, a decrease of 0.35 percentage points from the same period last year and a decrease of 1.63 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was 0.43%, a year-on-year decrease of 0.30 percentage points and a month-on-month decrease of 1.38 percentage points.
In the first three quarters of 2022, the company's operating activities cash flow was -2.333 billion yuan, a year-on-year decrease of 4.299 billion yuan, mainly due to the net cash flow generated by the company's operating activities from July to September 2022; the net cash flow generated by the company's financing activities was 107 million yuan, a year-on-year increase of 2.651 billion yuan; the net cash flow of investment activities was 356 million yuan, compared with 121 million yuan in the same period last year.
In the first three quarters of 2022, the company's operating income cash ratio was 106.58%, and the net cash ratio was -943.61%.
In the first three quarters of 2022, the company's period expenses were 1.413 billion yuan, a decrease of 116 million yuan from the same period last year; but the period expense ratio was 5.04%, an increase of 0.22 percentage points from the same period last year. Among them, sales expenses decreased by 15.21% year-on-year, administrative expenses decreased by 4.24% year-on-year, R&D expenses increased by 44.03% year-on-year, and financial expenses changed from 75.565 million yuan in the same period last year to -94.6779 million yuan.
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 33.74% from the end of the previous year, accounting for 6.17 percentage points of the company's total assets; inventory increased by 55.47% from the end of the previous year, accounting for 6.02 percentage points of the company's total assets; accounts receivable increased by 27.21% from the end of the previous year, accounting for 4.41 percentage points of the company's total assets; advance payments decreased by 1.36% from the end of the previous year, accounting for 0.49 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 accounts payable decreased by 21.38% from the end of the previous year, accounting for 2.95 percentage points of the company's total assets; short-term loans increased by 58.76% from the end of the previous year, accounting for 2.76 percentage points of the company's total assets; non-current liabilities due within one year, decreased by 75.41% from the end of the previous year, accounting for 2.19 percentage points of the company's total assets; contract liabilities decreased by 5.58% from the end of the previous year, accounting for 1.76 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 65.29%, an increase of 0.31 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 9.32%, an increase of 1.10 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 Fang Sanming, Fang Suchan, Yuan Chenbin, Lin Wenyao, Feng Yongliang , and Inner Mongolia Hetai Enterprise Management Co., Ltd. In terms of specific shareholding ratios, Zou Yingzi's shareholding has increased, while China Electronics Finance Co., Ltd. and GF CSI All-Indices Automobile Index-based initiated securities investment funds have decreased.
| Shareholder name | Stock holdings (ten thousand shares) | Sales proportion of total share capital (%) | change ratio (%) | |
|---|---|---|---|---|
| China Machinery Industry Group Co., Ltd. | 60046.98 | 41.216276 | unchanged | |
| China Electronic Finance Co., Ltd. | 960.93 | 0.659 583 | -0.00 | |
| Fang Sanming | 502.24 | 0.344738 | New | |
| Zou Yingzi | 434.41 | 0.29818 | 0.01 | |
| Fang Suchan | 417.46 | 0.286545 | New | |
| GF CSI All-Search Automotive Index Initiative Securities Investment Fund | 290.57 | 0.199447 | -0.06 | |
| Yuan Chenbin | 286.89 | 0.196922 | New | |
| Lin Wenyao | 238.85 | 0.163945 | New | |
| Feng Yong Liang | 211.03 | 0.144851 | New | |
| Inner Mongolia Hetai Enterprise Management Co., Ltd. | 204.97 | 0.140691 | 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 45,200, a decrease of 17,800 from the end of the second quarter, a decrease of 28.30%; the average shareholding market value rose from 231,300 yuan at the end of the second quarter to 237,900 yuan, an increase of 2.85%.
