CSI Intelligent Finance Chenguang New Materials (605399) disclosed its third quarter report for 2022 on October 28. In the first three quarters of 2022, the company achieved total operating income of 1.569 billion yuan, and increased by 43.93% year-on-year; net profit attributable to shareholders was 559 million yuan, an increase of 86.51% year-on-year; net profit excluding non-operating items was 554 million yuan, an increase of 88.62% year-on-year; net cash flow generated by operating activities was 436 million yuan, an increase of 94.95% year-on-year; during the reporting period, Chenguang New Materials 's basic earnings per share was 2.33 yuan, and the weighted average return on assets was 29.64%.
announcement shows that the company's operating income changes in the first three quarters are mainly due to the increase in product sales unit price and sales volume compared with the same period last year; the change in net profit attributable to shareholders is mainly due to the increase in operating income and gross sales profit margin compared with the same period last year.
According to the third quarter report, the company achieved total operating income of 473 million yuan in the third quarter, a year-on-year increase of 5.96%, a month-on-month decrease of 15.94%; net profit attributable to shareholders was 150 million yuan, a year-on-year increase of 8.22%, a month-on-month decrease of 31.80%; net profit excluding non-network was 141 million yuan, a year-on-year increase of 2.19%, a month-on-month decrease of 37.25%.
In the first three quarters of 2022, the company's gross profit margin was 45.62%, an increase of 8.36 percentage points year-on-year; the net profit margin was 35.63%, an increase of 8.13 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 39.60%, a year-on-year decrease of 1.12 percentage points and a month-on-month decrease of 10.76 percentage points; the net profit margin was 31.60%, an increase of 0.66 percentage points from the same period last year and a decrease of 7.35 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was 7.36%, a year-on-year decrease of 3.06 percentage points and a month-on-month decrease of 4.24 percentage points.
In the first three quarters of 2022, the company's operating activities cash flow was 436 million yuan, a year-on-year increase of 94.95%, mainly due to the increase in operating income and net profit. The cash inflow of operating activities in this period increased compared with the same period last year; the net cash flow of financing activities was -93.4826 million yuan, a year-on-year decrease of 54.8426 million yuan; the net cash flow of investment activities was -199 million yuan, a year-on-year increase of -62.4259 million yuan.
In the first three quarters of 2022, the company's operating income cash ratio was 67.88%, and the net cash ratio was 78.00%.
In the first three quarters of 2022, the company's period expenses were 57.1559 million yuan, an increase of 1.7976 million yuan from the same period last year; but the period expense ratio was 3.64%, a decrease of 1.44 percentage points from the same period last year. Among them, sales expenses increased by 14.14% year-on-year, administrative expenses increased by 60.88% year-on-year, R&D expenses increased by 42.33% year-on-year, and financial expenses changed from -15.1873 million yuan in the same period last year to -43.5358 million yuan.
In terms of major changes in assets, as of the end of the third quarter of 2022, the company's intangible assets increased by 1016.27% from the end of the previous year, accounting for 5.81 percentage points of the company's total assets; monetary funds increased by 16.06% from the end of the previous year, accounting for 3.44 percentage points of the company's total assets; accounts receivable decreased by 5.02% from the end of the previous year, accounting for 2.47 percentage points of the company's total assets; inventory decreased by 5.15% from the end of the previous year, accounting for 1.82 percentage points of the company's total assets. In terms of major changes in liabilities of
, as of the end of the third quarter of 2022, the company's contract liabilities decreased by 28.96% from the end of the previous year, accounting for 0.54 percentage points of the company's total assets; accounts payable increased by 17.95% from the end of the previous year, accounting for 0.30 percentage points of the company's total assets; non-current liabilities due within one year, decreased by 41.58% from the end of the previous year, accounting for 0.08 percentage points of the company's total assets; other current liabilities decreased by 30.11% 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 9.05%, a decrease of 3.26 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 0.06%, a decrease of 0.08 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 Cui Gangxian, Xuanyuan Kexin No. 219 Private Equity Securities Investment Fund , Xuanyuan Yuanhe No. 27 Private Equity Securities Investment Fund. In terms of specific shareholding ratios, the holdings of Chen Jianping and Invesco Great Wall Specialized and Special New Quantitative Preferred Stock Securities Investment Fund has increased, while the holdings of Hukou County Chenyang Investment Management Partnership (Limited Partnership) and Yan Guorong have decreased.
| Share name | Stock holdings (ten thousand shares) | Sales proportion of total share capital (%) | change ratio (%) |
|---|---|---|---|
| Jiangsu Haojing Borui Landscaping Engineering Co., Ltd. | 1545.29 | 6.431925 | unchanged |
| Hukou County Chenyang Investment Management Partnership (Limited Partnership) | 259.69 | 1.080902 | -0.46 |
| Qi Baoyu | 149.07 | 0.620452 | unchanged |
| Chen Jianping | 100.11 | 0.416686 | 0.17 |
| Invesco Great Wall Specialty New Quantitative Preferred Stock Securities Investment Fund | 97.86 | 0.407327 | 0.23 |
| Cui Gangxian | 78.11 | 0.325103 | New |
| Ping An Securities-Ping An Bank-Ping An Securities Jinqiu No. 3 collective asset management plan | 64.61 | 0.268925 | unchanged |
| Xuanyuan Kexin No. 219 Private equity securities investment fund | 63.01 | 0.262265 | New |
| 60.88 | 0.253379 | New | |
| Yan Guorong | 59.19 | 0.246374 5 | -0.03 |
In terms of chip concentration, as of the end of the third quarter of 2022, the company's total number of shareholders was 22,700, a decrease of 3,753 from the end of the second quarter, a decrease of 14.17%; the average shareholding market value dropped from 385,900 yuan at the end of the second quarter to 360,100 yuan, a decrease of 6.69%.
