CSI Intelligent Finance Xinhua Jin (600735) disclosed its third quarter report for 2022 on October 29. In the first three quarters of 2022, the company achieved total operating income of 1.403 billion yuan, and increased by 34.75% year-on-year; net profit attributable to shareholders was 50.1942 million yuan, a year-on-year increase of 2.58%; net profit excluding non-operating items was 45.8153 million yuan, a year-on-year increase of 55.78%; net cash flow generated by operating activities was 165 million yuan, a year-on-year increase of 261.01%; during the reporting period, Xinhua Jin 's basic earnings per share was 0.1221 yuan, and the weighted average return on assets was 4.00%.
announcement shows that the company's operating income changes in the first three quarters are mainly due to the gradual recovery of the company's overseas market and the year-on-year growth in export business; coupled with the inclusion of Shanghai Lizhi in the scope of mergers, operating income increased by 34.75% over the same period last year.
According to the third quarter report, the company achieved total operating income of 485 million yuan in the third quarter, a year-on-year increase of 22.73% and a month-on-month increase of 3.05%; net profit attributable to shareholders was 16.5198 million yuan, a year-on-year decrease of 4.62% and a month-on-month decrease of 26.71%; net profit excluding non-network was 15.456 million yuan, a year-on-year increase of 22.73% and a month-on-month decrease of 21.09%.
In the first three quarters of 2022, the company's gross profit margin was 24.20%, an increase of 2.89 percentage points year-on-year; the net profit margin was 6.73%, a decrease of 1.09 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 25.43%, up 2.29 percentage points year-on-year and 2.34 percentage points month-on-month; the net profit margin was 6.56%, down 1.56 percentage points from the same period last year and 2.11 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was 1.20%, a year-on-year decrease of 0.61 percentage points and a month-on-month decrease of 0.46 percentage points.
In the first three quarters of 2022, the company's operating activities cash flow was 165 million yuan, a year-on-year increase of 261.01%, mainly due to the company's operating income growth; the net cash flow of financing activities was 300 million yuan, a year-on-year increase of 301 million yuan, mainly due to the receipt of funds for private placement of stocks; the net cash flow of investment activities was -247 million yuan, a year-on-year increase of -118 million yuan, mainly due to the company's additional financial investment and the company's payment to acquire shares of Shanghai Lizhi .
In the first three quarters of 2022, the company's operating income cash ratio was 110.39%, and the net cash ratio was 328.84%.
In the first three quarters of 2022, the company's period expenses were 208 million yuan, an increase of 69.6588 million yuan over the same period last year; the period expense ratio was 14.82%, an increase of 1.54 percentage points from the same period last year. Among them, sales expenses increased by 66.69% year-on-year, administrative expenses increased by 34.42% year-on-year, and financial expenses decreased by 49.28% year-on-year.
According to the announcement, the changes in sales expenses are mainly due to the inclusion of the company's controlling subsidiary Shanghai Lizhi in the scope of mergers, which led to an increase of 66.69% over the same period last year; the changes in management expenses are mainly due to the inclusion of the company's controlling subsidiary Shanghai Lizhi in the scope of mergers, which led to an increase of 34.42% over the same period last year; the changes in financial expenses are mainly due to the changes in exchange rates, the exchange income in the company's financial expenses has increased significantly compared with the same period last year, which has led to a decrease in overall financial expenses compared with the same period last year.
In terms of major changes in assets, as of the end of the third quarter of 2022, the company's cash and funds increased by 63.21% from the end of the previous year, accounting for 6.99 percentage points of the company's total assets, mainly due to the company's private placement of shares and subsidiaries' revenue growth; inventory increased by 3.34% from the end of the previous year, accounting for 3.13 percentage points of the company's total assets; goodwill increased by 2.71% from the end of the previous year, accounting for 2.55 percentage points of the company's total assets; advance payments decreased by 5.71% from the end of the previous year, accounting for 1.20 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 accounts payable increased by 58.59% from the end of the previous year, accounting for 1.65 percentage points, mainly due to the increase in the company's subsidiaries' procurement; short-term loans increased by 37.26% from the end of the previous year, accounting for 1.00 percentage points of the company's total assets, mainly due to the increase in the subsidiaries' working capital loan ; the non-current liabilities due within one year, decreased by 5.14% from the end of the previous year, accounting for 0.12 percentage points of the company's total assets; the other current liabilities decreased by 21.36% from the end of the previous year, accounting for 0.12 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 30.43%, a decrease of 7.71 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 8.49%, an increase of 0.86 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 JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, Xinao New Energy Industry Stock Securities Investment Fund, Nord Fund-Huatai Securities Co., Ltd.-Nord Fund Pujiang No. 120 Single Asset Management Plan, Xu Yulian, Chen Beiwen, Fanyiduo Strategy and Shikexing No. 1 Private Equity Securities Investment Fund , and Lexin Xingchen No. 1 Private Equity Securities Investment Fund. In terms of specific shareholding ratios, Bi Jinquan's shareholding has increased.
| Shareholder name | Stock holdings (10,000 shares) | Substantially share capital (%) | Variation ratio (%) |
|---|---|---|---|
| Shandong Lujin Import and Export Group Co., Ltd. | 18553.24 | 43.270004 | unchanged |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | 615.91 | 1.436432 | New |
| Xin Ao New Energy Industry Stock Securities Investment Fund | 535.55 | 1.249014 | New |
| Zhang Jianhua | 504.31 | 1.1 76158 | unchanged |
| Bijinquan | 396 | 0.923554 | 0.02 |
| Nord Fund-Huatai Securities Co., Ltd.-Nord Fund Pujiang No. 120 Single Asset Management Plan | 381.23 | 0.889111 | New |
| Xu Yulian | 293.26 | 0.683932 | New |
| Chen Beiwen | 293.26 | 0.683932 | New |
| Fanyiduo Strategy and Shigexing No. 1 Private Equity Securities Investment Fund | 293.26 | 0.683932 5 | New |
| Lexin Xingchen No. 1 Private Equity Securities Investment Fund | 293.26 | 0.683932 | 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 25,700, a decrease of 5,680 from the end of the second quarter, a decrease of 18.12%; the average shareholding market value increased from 87,800 yuan at the end of the second quarter to 100,900 yuan, an increase of 14.92%.
