CSI Intelligent Finance Langzi Co., Ltd. (002612) disclosed its third quarter report for 2022 on October 29. In the first three quarters of 2022, the company achieved a total operating income of 2.664 billion yuan, a year-on-year increase of 0.51%; net profit attributable to shar

CSI Intelligent Finance Langzi Co., Ltd. (002612) disclosed its third quarter report for 2022 on October 29. In the first three quarters of 2022, the company achieved total operating income of 2.664 billion yuan, and increased by 20.51% year-on-year; net profit attributable to shareholders was 17.5246 million yuan, a year-on-year decrease of 88.92%; net profit excluding non-operating items was 20.1342 million yuan, a year-on-year decrease of 86.88%; net cash flow generated by operating activities was 180 million yuan, a year-on-year decrease of 52.41%; during the reporting period, Langzi Co., Ltd.'s basic earnings per share of was 0.0396 yuan, and the weighted average return on assets was 0.59%.

announcement shows that the change in net profit attributable to shareholders is mainly due to the impact of the epidemic. Although the operating income is basically the same, expenses for periods such as sales expenses and management expenses increased year-on-year, resulting in a decline in net profit.

According to the third quarter report, the company achieved total operating income of 855 million yuan in the third quarter, a year-on-year decrease of 0.73% and a month-on-month decrease of 6.54%; net profit attributable to shareholders was 8.2757 million yuan, a year-on-year decrease of 87.21% and a month-on-month decrease of 27.98%; net profit excluding non-network was 7.0566 million yuan, a year-on-year decrease of 89.25% and a month-on-month decrease of 49.19%.

In the first three quarters of 2022, the company's gross profit margin was 57.37%, an increase of 1.04 percentage points year-on-year; the net profit margin was 0.92%, a decrease of 4.78 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 56.92%, up 0.64 percentage points year-on-year and 0.03 percentage points month-on-month; the net profit margin was 1.23%, down 7.69 percentage points from the same period last year and 1.40 percentage points from the previous quarter.

In the third quarter of 2022, the company's return on equity was 0.28%, a year-on-year decrease of 1.90 percentage points and a month-on-month decrease of 0.11 percentage points.

In the first three quarters of 2022, the company's net cash flow in operating activities was 180 million yuan, a year-on-year decrease of 52.41%; the net cash flow of financing activities was -195 million yuan, a year-on-year decrease of 353 million yuan; the net cash flow of investment activities was -23.3139 million yuan, a year-on-year decrease of -530 million yuan.

In the first three quarters of 2022, the company's operating income cash ratio was 110.14%, and the net cash ratio was 1025.55%.

In the first three quarters of 2022, the company's period expenses were 1.519 billion yuan, an increase of 163 million yuan from the same period last year; the period expense ratio was 57.03%, an increase of 5.88 percentage points from the same period last year. Among them, sales expenses increased by 10.6% year-on-year, administrative expenses increased by 14.43% year-on-year, R&D expenses increased by 10.79% year-on-year, and financial expenses increased by 36.29% year-on-year.

According to the announcement, the changes in financial expenses are mainly due to the increase in loans in this period and the corresponding increase in interest expenses.

In terms of major changes in assets, as of the end of the third quarter of 2022, the company's inventory increased by 18.10% from the end of the previous year, accounting for 2.64 percentage points of the company's total assets; cash and cash funds decreased by 10.92% from the end of the previous year, accounting for 0.79 percentage points of the company's total assets; construction projects increased by 183.66% from the end of the previous year, accounting for 0.69 percentage points of the company's total assets, mainly due to the increase in decoration funds for Shenzhen Milan in this period; fixed assets increased by 7.23% from the end of the previous year, accounting for 0.58 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 20.44% from the end of the previous year, accounting for 1.91 percentage points of the company's total assets; contract liabilities increased by 28.19% from the end of the previous year, accounting for 1.68 percentage points of the company's total assets; other current liabilities decreased by 28.53% from the end of the previous year, accounting for 0.62 percentage points of the company's total assets; accounts payable increased by 13.58% from the end of the previous year, accounting for 0.41 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 47.78%, an increase of 0.60 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 18.72%, an increase of 1.84 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 Langzi Co., Ltd. -Phase 3 Employee Stock Ownership Plan, Bank of China Co., Ltd. -GuoTou UBS Ruili Flexible Allocation Hybrid Securities Investment Fund (LOF), replacing Shenzhen Nanshan Kaiqiao Excellent Intelligent Equipment Investment Partnership (Limited Partnership) and Pan Yuhong at the end of the second quarter. In terms of specific shareholding ratios, Hong Kong Central Clearing Co., Ltd. and Wang Tao's shareholdings have increased.

In terms of chip concentration, as of the end of the third quarter of 2022, the total number of shareholders of the company was 78,400, a decrease of 11,300 from the end of the second quarter, a decrease of 12.65%; the average shareholding market value dropped from 139,500 yuan at the end of the second quarter to 121,500 yuan, a decrease of 12.90%.