CSI Intelligent Finance Minovartis (603538) disclosed its third quarter report for 2022 on October 28. In the first three quarters of 2022, the company achieved total operating income of 1.231 billion yuan, and increased by year-on-year; net profit attributable to shareholders was 214 million yuan, a year-on-year increase of 58.06%; net profit excluding non-operating items was 212 million yuan, a year-on-year increase of 85.12%; net cash flow generated by operating activities was 265 million yuan, a year-on-year increase of 43.86%; during the reporting period, Minova basic earnings per share was 1.02 yuan, and the weighted average return on equity was 11.52%.
announcement shows that the company's operating income changes in the first three quarters are mainly due to the rapid growth of the company's domestic market business on the one hand, and on the other hand, export revenue has a certain positive impact on the fluctuations in exchange rate .
According to the third quarter report, the company achieved total operating income of 333 million yuan in the third quarter, a year-on-year increase of 46.82%, a month-on-month decrease of 16.05%; net profit attributable to shareholders was 29.3425 million yuan, a year-on-year increase of 54.11%, a month-on-month decrease of 57.72%; net profit excluding non-network was 40.7024 million yuan, a year-on-year increase of 148.05%, a month-on-month decrease of 34.52%.
In the first three quarters of 2022, the company's gross profit margin was 40.85%, an increase of 3.92 percentage points year-on-year; the net profit margin was 19.08%, an increase of 3.01 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 37.07%, up 0.61 percentage points year-on-year and down 7.42 percentage points month-on-month; the net profit margin was 8.79%, down 0.66 percentage points from the same period last year and 11.04 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was 1.52%, up 0.47 percentage points year-on-year and down 2.11 percentage points month-on-month.
In the first three quarters of 2022, the company's net cash flow for operating activities was 265 million yuan, a year-on-year increase of 43.86%, mainly due to the good recovery rate of sales payments and the timeliness of customer funds recovery in compliance with the company's account period management requirements; the net cash flow for financing activities was -3.2038 million yuan, a year-on-year decrease of 460 million yuan; the net cash flow for investment activities was -241 million yuan, a year-on-year increase of -574 million yuan.
In the first three quarters of 2022, the company's operating income cash ratio was 107.46%, and the net cash ratio was 123.73%.
In the first three quarters of 2022, the company's period expenses were RMB 243 million, an increase of RMB 48.2908 million over the same period last year; but the period expense ratio was 19.71%, a decrease of 1.44 percentage points from the same period last year. Among them, sales expenses increased by 26.74% year-on-year, administrative expenses increased by 26.1% year-on-year, R&D expenses increased by 41.86% year-on-year, and financial expenses decreased by 59.57% 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 36.48% from the end of the previous year, accounting for 3.83 percentage points of the company's total assets; fixed assets decreased by 1.39% from the end of the previous year, accounting for 2.68 percentage points of the company's total assets; accounts receivable increased by 42.27% from the end of the previous year, accounting for 1.37 percentage points of the company's total assets; inventory increased by 18.34% from the end of the previous year, accounting for 0.69 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 30.78% from the end of the previous year, accounting for 1.69 percentage points of the company's total assets; bond payables decreased by 4.23% from the end of the previous year, accounting for 1.61 percentage points of the company's total assets; contract liabilities increased by 100.27% from the end of the previous year, accounting for 1.56 percentage points of the company's total assets; accounts payable increased by 19.51% from the end of the previous year, accounting for 0.42 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 53.63%, an increase of 3.07 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 30.67%, a decrease of 0.13 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 Gaohua- HSBC -GOLDMAN, SACHSCO.LLC, Leidao Cloud, and UBS AG. In terms of specific shareholding ratio, the shareholding of MORGAN STANLEYCO.INTERNATIONAL PLC. and Du Guangdi have increased, while the shareholding of Ningbo Minova Holding Group Co., Ltd., Yao Chengzhi, service trade innovation and development guidance Fund (Limited Partnership), Shi Jianxiang, and Rongtong Health Industry Flexible Allocation Mixed Securities Investment Fund has decreased.
| Shareholder name | Stock holdings (ten thousand shares) | Sales proportion of total share capital (%) | change ratio (%) | |
|---|---|---|---|---|
| Ningbo Minova Holding Group Co., Ltd. | 4528.57 | 21.262349 | -0.00 | -0.00 |
| Yao Chengzhi | 1207.03 | 5.667179 | -0.00 | |
| Gaohua-HSBC-GOLDMAN,SACHSCO.LLCh | 696.24 | 3.268942 | New | |
| MORGAN STANLEYCO.INTERNATIONAL PLC. | 636.8 | 2.98989 | 0.80 | |
| Service Trade Innovation and Development Guidance Fund (Limited Partnership) | 324.89 | 1.525395 | -0.00 | |
| Shi Jianxiang | 322.16 | 1.512609 | -0.05 | |
| Du Guangdi | 192.41 | 0.903407 | 0.01 | |
| Rongtong Health Industry Flexible Allocation Mixed Securities Investment Fund | 170 | 0.798177 | -0.07 | |
| Leidao Cloud | 160 | .751241 | New | |
| UBS AG | 151.41 | 0.710889 | 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 38,900, an increase of 1,621 from the end of the second quarter, an increase of 4.35%; the average shareholding market value fell from 182,000 yuan at the end of the second quarter to 130,100 yuan, a decrease of 28.52%.
