CSI Intelligent Finance China Power (600482) disclosed its third quarter report for 2022 on October 29. In the first three quarters of 2022, the company achieved total operating income of 25.989 billion yuan, and increased by 7.49% year-on-year; net profit attributable to shareholders was 291 million yuan, a year-on-year decrease of 44.22%; net profit excluding non-network was 117 million yuan, a year-on-year decrease of 69.39%; net cash flow generated by operating activities was 1.216 billion yuan, a year-on-year decrease of 7.14%; during the reporting period, China Power 's basic earnings per share was 0.13 yuan, and the weighted average return on assets was 0.75%.
During the reporting period, the company's total non-recurring gains and losses of were 174 million yuan, of which 148 million yuan of government subsidies included in the current profit and loss, and the impact of minority shareholders' equity (after tax) was -36.8622 million yuan.
According to the third quarter report, the company achieved total operating income of 12.343 billion yuan in the third quarter, a year-on-year increase of 13.37% and a month-on-month increase of 60.44%; net profit attributable to shareholders was 57.217 million yuan, a year-on-year decrease of 44.03% and a month-on-month decrease of 65.72%; net profit excluding non-network was -30.9558 million yuan, a year-on-year decrease of 185.73% and a month-on-month decrease of 133.78%.
In the first three quarters of 2022, the company's gross profit margin was 11.88%, a year-on-year decrease of 0.49 percentage points; the net profit margin was 1.37%, a decrease of 0.95 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 11.86%, up 0.49 percentage points year-on-year and 0.52 percentage points month-on-month; the net profit margin was 0.81%, down 0.28 percentage points from the same period last year and 1.53 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was 0.16%, a year-on-year decrease of 0.12 percentage points and a month-on-month decrease of 0.30 percentage points.
In the first three quarters of 2022, the company's net cash flow in operating activities was 1.216 billion yuan, a year-on-year decrease of 7.14%; the net cash flow of financing activities was 1.966 billion yuan, a year-on-year increase of 2.848 billion yuan; the net cash flow of investment activities was -3.197 billion yuan, a year-on-year decrease of -1.641 billion yuan.
In the first three quarters of 2022, the company's operating income cash ratio was 116.66%, and the net cash ratio was 417.24%.
In the first three quarters of 2022, the company's period expenses were 2.741 billion yuan, an increase of 306 million yuan from the same period last year; the period expense ratio was 10.55%, an increase of 0.48 percentage points from the same period last year. Among them, sales expenses increased by 5.21% year-on-year, administrative expenses increased by 11.0% year-on-year, R&D expenses increased by 28.34% year-on-year, and financial expenses changed from -10.1592 million yuan in the same period last year to -85.4677 million yuan.
In terms of major changes in assets, as of the end of the third quarter of 2022, the company's accounts receivable increased by 29.21% from the end of the previous year, accounting for 2.35 percentage points from the end of the previous year, mainly due to the impact of the epidemic, sales collection lagging and the average collection cycle was extended; orders of some subsidiaries increased, and the scale of revenue expanded, resulting in year-on-year growth in accounts receivable; fixed assets decreased by 4.43% from the end of the previous year, accounting for 2.16 percentage points from the end of the previous year; inventory increased by 18.27% from the end of the previous year, accounting for 1.25 percentage points from the increase in orders of some subsidiaries, mainly due to the increase in stock volume of orders of some subsidiaries; advance payments increased by 23.71% from the end of the previous year, accounting for 0.58 percentage points from the increase in orders of some subsidiaries. In terms of major changes in liabilities of
, as of the end of the third quarter of 2022, the company's contract liabilities increased by 77.60% from the end of the previous year, accounting for 4.59 percentage points of the company's total assets, mainly due to the increase in contract advances; long-term loans increased by 65.43% from the end of the previous year, accounting for 1.29 percentage points of the company's total assets; non-current liabilities due within one year, increased by 230.09% from the end of the previous year, accounting for 0.48 percentage points of the company's total assets; accounts payable increased by 13.06% from the end of the previous year, accounting for 0.30 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 46.71%, an increase of 6.38 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 9.95%, an increase of 1.82 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 CITIC Securities -China Huarong Asset Management Co., Ltd.-CITIC Securities-Kaiyuan Single Asset Management Plan, replacing China Huarong Asset Management Co., Ltd. at the end of the second quarter.
| Shareholder name | Stock holdings (10,000 shares) | Sales to total share capital (%) | Variation ratio (%) |
|---|---|---|---|
| China Shipbuilding Heavy Industry Group Co., Ltd. | 24.719945 | unchanged | |
| China Shipbuilding Heavy Industry Co., Ltd. | 35094 | unchanged | |
| China Cinda Asset Management Co., Ltd. | 11808.14 | 5.465006 | unchanged |
| Military-civilian integration marine defense (Dalian) industrial investment enterprise (limited partnership) | 9977.62 | 9977.62 | html ml144.617812unchanged |
| Shenzhen Hongta Assets-CITIC Bank-CITIC Trust-CITIC Hongshang Financial Investment Project 1601 single fund trust | 9567.56 | 4.428028 | unchanged |
| Shenzhen Xinhua FTSE-CITIC Bank-Guotu Taikang Trust-Guotu Taikang Trust Golden Eagle No. 399 Single Fund Trust | 9544.99 | 4.417581 | unchanged |
| China Securities Finance Co., Ltd. | 4654 .26 | 2.15407 | unchanged |
| Changxin Fund-Pu Development Bank-Jufu No. 8 Asset Management Plan | 4553.29 | 2.10734 | unchanged |
| 4343.59 | 2.010286 | unchanged | |
| CITIC Securities-China Huarong Asset Management Co., Ltd.-CITIC Securities-Kaiyuan Single Asset Management Plan | 4016.97 5 | 1.859122 | New |
In terms of chip concentration, as of the end of the third quarter of 2022, the company's total number of shareholders was 43,100, a decrease of 653 from the end of the second quarter, a decrease of 1.49%; the average shareholding market value dropped from 776,200 yuan at the end of the second quarter to 746,400 yuan, a decrease of 3.84%.
