CSI Intelligent Finance Hengguang Co., Ltd. (301118) disclosed its third quarter report for 2022 on October 28. In the first three quarters of 2022, the company achieved total operating income of 797 million yuan, and increased by year-on-year; net profit attributable to shareholders was 164 million yuan, a year-on-year decrease of 4.79%; net profit excluding non-operating items was 144 million yuan, a year-on-year decrease of 12.73%; net cash flow generated by operating activities was 134 million yuan, a year-on-year decrease of 19.69%; during the reporting period, Hengguang Co., Ltd.'s basic earnings per share was 1.5364 yuan, and the weighted average return on equity was 11.71%.
According to the third quarter report, the company achieved total operating income of 226 million yuan in the third quarter, a year-on-year decrease of 5.65% and a month-on-month decrease of 26.13%; net profit attributable to shareholders was 22.0415 million yuan, a year-on-year decrease of 72.06% and a month-on-month decrease of 69.25%; net profit excluding non-network was 15.7218 million yuan, a year-on-year decrease of 79.40% and a month-on-month decrease of 76.31%.
In the first three quarters of 2022, the company's gross profit margin was 31.56%, a year-on-year decrease of 9.54 percentage points; the net profit margin was 20.58%, a decrease of 5.76 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 21.61%, a year-on-year decrease of 24.36 percentage points and a month-on-month decrease of 13.22 percentage points; the net profit margin was 9.77%, a decrease of 22.87 percentage points from the same period last year and a decrease of 13.70 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was 1.54%, a year-on-year decrease of 9.65 percentage points and a month-on-month decrease of 3.51 percentage points.
In the first three quarters of 2022, the company's operating activities cash flow was 134 million yuan, a year-on-year decrease of 19.69%; the net cash flow of financing activities was 15.7706 million yuan, a year-on-year decrease of 10.5071 million yuan, mainly due to the increase in dividend distribution in this period; the net cash flow of investment activities was -182 million yuan, a year-on-year decrease of -234 million yuan.
In the first three quarters of 2022, the company's operating income cash ratio was 84.78%, and the net cash ratio was 81.49%.
In the first three quarters of 2022, the company's period expenses were 77.2778 million yuan, an increase of 8.7886 million yuan from the same period last year; but the period expense ratio was 9.69%, a decrease of 0.91 percentage points from the same period last year. Among them, sales expenses increased by 25.07% year-on-year, administrative expenses increased by 10.22% year-on-year, R&D expenses increased by 17.37% year-on-year, and financial expenses decreased by 42.28% year-on-year.
In terms of major changes in assets, as of the end of the third quarter of 2022, the company's under construction projects increased by 1210.76% from the end of the previous year, accounting for 7.79 percentage points of the company's total assets, mainly due to the annual output of 100,000 tons of ionic membrane chlor-alkali relocation, upgrading and transformation supporting construction, and the increase in 55,000 tons of fine chemical projects; fixed assets decreased by 2.42% from the end of the previous year, accounting for 2.43 percentage points of the company's total assets; monetary funds decreased by 9.40% from the end of the previous year, accounting for 2.43 percentage points of the company's total assets; intangible assets decreased by 1.78% from the end of the previous year, accounting for 1.05 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 other current liabilities of increased by 102.88% from the end of the previous year, accounting for 2.00 percentage points of the company's total assets; short-term loans decreased by 32.32% from the end of the previous year, accounting for 1.99 percentage points of the company's total assets, mainly due to the decrease in the unrecognized discounted notes; accounts payable increased by 62.54% from the end of the previous year, accounting for 0.56 percentage points of the company's total assets, mainly due to the increase in the payment of suppliers payable at the end of the period; contract liabilities increased by 21.17% from the end of the previous year, accounting for 0.07 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 23.24%, an increase of 7.98 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 6.33%, an increase of 1.61 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 Chen Jian, Yao Limin, Xiong Qinggang, Wu Yibin and Chen Bo, replacing CITIC Securities Co., Ltd., Chen Jia, Lin Shaosong, Rao Chifu and Huatai Securities Co., Ltd. at the end of the second quarter. In terms of specific shareholding ratios, the shareholdings of Zhou Yantao, Xiao Chunwei, Wu Hongfei, Wu Jianshe and Mei Tao have increased.
| Share name | Stakeholder shares (ten thousand shares) | Sales proportion (%) | Total share capital (%) | Movement ratio (%) |
|---|---|---|---|---|
| Chen Jian | 17.52 | 0.164245 | New | |
| Zhou Yantao | 14.96 | 0.140273 | 0.03 | |
| Xiao Chunwei | 14.88 | 0.139496 | 0.04 | |
| 3Wu Hongfei | 14.64 | 0.137246 | 0.01 | |
| Yao Limin | 13.67 | 0.128152 | New | |
| 熊庆刚 | 12.08 | 0.113246 | 新进 | |
| 武建设 | 11.4 | 0.106872 | 0.01 | |
| 梅涛 | 10.19 | 0.095528 | 0.01 | |
| 吴毅彬 | 10.01 | 0.093865 | New | |
| Chen Bo | 10 | 0.093747 | 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 12,800, a decrease of 1,822 from the end of the second quarter, a decrease of 12.43%; the average shareholding market value dropped from 313,100 yuan at the end of the second quarter to 282,500 yuan, a decrease of 9.77%.
