CSI Intelligent Finance Aojie Technology (688220) disclosed its third quarter report for 2022 on October 28. In the first three quarters of 2022, the company achieved total operating income of 1.583 billion yuan, and increased by 10.50% year-on-year; net profit attributable to shareholders was 186 million yuan, and a loss of 484 million yuan in the same period last year; net profit excluding non-net profit was 265 million yuan, and a loss of 447 million yuan in the same period last year; net cash flow generated by operating activities was -207 million yuan, and a year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year-on-year
During the reporting period, the company's total non-recurring gains and losses of were 78.8113 million yuan, of which the profits and losses of , changes in fair value of and related investment income were 70.7427 million yuan.
According to the third quarter report, the company achieved total operating income of 503 million yuan in the third quarter, a year-on-year decrease of 9.09% and a month-on-month decrease of 3.81%; net profit attributable to shareholders was -97.9655 million yuan, a year-on-year increase of 12.87% and a month-on-month decrease of 75.48%; net profit excluding non-network was -133 million yuan, a year-on-year decrease of 39.70% and a month-on-month decrease of 41.45%.
In the first three quarters of 2022, the company's gross profit margin was 37.15%, an increase of 12.66 percentage points year-on-year; the net profit margin was -11.75%, an increase of 22.03 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 37.79%, up 3.45 percentage points year-on-year and 2.13 percentage points month-on-month; the net profit margin was -19.48%, up 0.85 percentage points from the same period last year and down 8.80 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was -1.29%, up 7.44 percentage points year-on-year and down 0.56 percentage points month-on-month.
In the first three quarters of 2022, the company's operating activities cash flow was -207 million yuan, an increase of 519 million yuan year-on-year, mainly due to the increase in cash received from sales revenue compared with the same period last year, and the increase in VAT tax refunds received; the net cash flow for financing activities was 6.092 billion yuan, an increase of 5.819 billion yuan year-on-year; the net cash flow for investment activities was -4.78 billion yuan, an increase of 18.8248 million yuan in the same period last year.
In the first three quarters of 2022, the company's operating income cash ratio was 125.39%, and the net cash ratio was 111.21%.
In the first three quarters of 2022, the company's period expenses were 807 million yuan, a decrease of 11.8951 million yuan from the same period last year; the period expense ratio was 51.01%, a decrease of 6.18 percentage points from the same period last year. Among them, sales expenses increased by 65.91% year-on-year, administrative expenses increased by 14.32% year-on-year, R&D expenses increased by 1.8% year-on-year, and financial expenses changed from -661,600 yuan in the same period last year to -45.4022 million yuan.
In terms of major changes in assets, as of the end of the third quarter of 2022, the company's inventory increased by 27.79% from the end of the previous year, accounting for 22.28 percentage points of the company's total assets; intangible assets decreased by 7.65% from the end of the previous year, accounting for 11.16 percentage points of the company's total assets; accounts receivable decreased by 37.14% from the end of the previous year, accounting for 8.30 percentage points of the company's total assets; fixed assets increased by 11.47% from the end of the previous year, accounting for 3.23 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 decreased by 92.61% from the end of the previous year, accounting for 18.05 percentage points of the company's total assets; accounts payable decreased by 16.09% from the end of the previous year, accounting for 5.77 percentage points of the company's total assets; contract liabilities increased by 73.21% from the end of the previous year, accounting for 2.84 percentage points of the company's total assets; other current liabilities increased by 7.83% from the end of the previous year, accounting for 0.98 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 10.15%, a decrease of 43.14 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 0.64%, a decrease of 18.69 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 the basic pension insurance fund 16032 combination, Huaxia Shanghai Stock Exchange Science and Technology Innovation Board 50 component trading open-end index securities investment fund, E Fund Shanghai Securities 50 component trading open-end index securities investment fund, and ICBC and Credit Suisse Small and Medium Cap Growth Mixed Securities Investment Fund.In terms of specific shareholding ratio, the holdings of Industrial and Commercial Bank of China Co., Ltd.-China Construction Bank Co., Ltd. and ICBC Credit Suisse Information Industry Mixed Securities Investment Fund have increased, while Haitong Securities Co., Ltd. shares have decreased.
| Share name | Stakes number (ten thousand shares) | Sales account for the total share capital (%) | Variation ratio (%) | |||||
|---|---|---|---|---|---|---|---|---|
| Basic pension insurance fund16032Combination | 219.36 | 0.5244 | New | |||||
| Huaxia Shanghai Stock Exchange Science and Technology Innovation Board 50 Component Trading Open Index Securities Investment Fund | 111.88 | 0.2674 | New | New | House Shanghai Stock Exchange Science and Technology Innovation Board 50 Component Trading Open Index Securities Investment Fund | 111.88 | 0.2674 | New |
| Haitong Securities Co., Ltd. | 106.65 | 0.2549 | -0.00 | |||||
| Industrial and Commercial Bank of China Co., Ltd. Enterprise Annuity Plan-China Construction Bank Co., Ltd. | 80.3 | 0.1919 | 0.05 | |||||
| ICBC Credit Suisse Internet Plus Stock Securities Investment Fund | 61.4 | 0.1467 | unchanged | |||||
| E Fund Shanghai Science and Technology Innovation Board 50 Ingredient Trading Open Index Securities Investment Fund | 55.76 | 0.1333 | New | |||||
| ICBC Credit Suisse Innovation Growth Mixed Securities Investment Fund | 49.93 | 0.1193 | unchanged | |||||
| ICBC Credit Suisse Information Industry Mixed Securities Investment Fund | 44.75 | 0.1069 | 0.00 | |||||
| ICBC Credit Suisse Small and Medium Cap Growth Mixed Securities Investment Fund | 32.9 | 0.0786 | New | |||||
| ICBC Credit Suisse Stable Ruiying One-year Holding Bond Securities Investment Fund | 31.53 | 0.07 53 | remains unchanged |
In terms of chip concentration, as of the end of the third quarter of 2022, the total number of shareholders in the company was 18,900, a decrease of 3,133 from the end of the second quarter, a decrease of 14.21%; the average shareholding market value increased from 1.3194 million yuan at the end of the second quarter to 1.405 million yuan, an increase of 6.49%.
