CSI Intelligent Finance Henghui Security (300952) disclosed its third quarter report for 2022 on October 25. In the first three quarters of 2022, the company achieved total operating income of 685 million yuan, a year-on-year decrease of 4.94%; net profit attributable to sharehol

CSI Intelligent Finance Henghui Security (300952) disclosed its third quarter report for 2022 on October 25. In the first three quarters of 2022, the company achieved total operating income of 685 million yuan, a year-on-year decrease of 4.94%; net profit attributable to shareholders was 102 million yuan, and increased by 42.18% year-on-year; net profit excluding non-network was 67.9924 million yuan, a year-on-year increase of 4.59%; net cash flow generated by operating activities was 114 million yuan, a year-on-year increase of 722.85%; during the reporting period, Henghui Security 's basic earnings per share was 0.7006 yuan, and the weighted average return on assets was 10.45%.

During the reporting period, the company's total non-recurring gains and losses of were 33.5422 million yuan, of which the government subsidy included in the current profit and loss was 39.0277 million yuan.

According to the third quarter report, the company achieved total operating income of 271 million yuan in the third quarter, a year-on-year increase of 2.24% and a month-on-month increase of 21.50%; net profit attributable to shareholders was 58.0567 million yuan, a year-on-year increase of 128.60% and a month-on-month increase of 86.28%; net profit excluding non-network was 27.2882 million yuan, a year-on-year increase of 9.20% and a month-on-month decrease of 10.03%.

In the first three quarters of 2022, the company's gross profit margin was 22.20%, an increase of 0.59 percentage points year-on-year; the net profit margin was 15.45%, an increase of 5.06 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 20.34%, a year-on-year decrease of 0.16 percentage points and a month-on-month decrease of 6.90 percentage points; the net profit margin was 22.14%, an increase of 11.87 percentage points from the same period last year and a 7.18 percentage points from the previous quarter.

In the third quarter of 2022, the company's return on equity was 5.91%, up 3.06 percentage points year-on-year and 2.61 percentage points month-on-month.

In the first three quarters of 2022, the company's net cash flow of in operating activities was 114 million yuan, a year-on-year increase of 722.85%; the net cash flow of financing activities was -9.5113 million yuan, a year-on-year decrease of 335 million yuan; the net cash flow of investment activities was -110 million yuan, a year-on-year increase of -285 million yuan.

In the first three quarters of 2022, the company's operating income cash ratio was 133.74%, and the net cash ratio was 111.81%.

In the first three quarters of 2022, the company's period expenses were 58.4812 million yuan, a decrease of 10.3488 million yuan from the same period last year; the period expense ratio was 8.53%, a decrease of 1.02 percentage points from the same period last year. Among them, sales expenses increased by 46.08% year-on-year, administrative expenses increased by 34.65% year-on-year, R&D expenses increased by 9.05% year-on-year, and financial expenses changed from 2.839 million yuan in the same period last year to -23.9358 million yuan.

In terms of major changes in assets, as of the end of the third quarter of 2022, the company's intangible assets increased by 193.24% from the end of the previous year, accounting for 5.14 percentage points of the company's total assets; fixed assets decreased by 1.53% from the end of the previous year, accounting for 3.97 percentage points of the company's total assets; construction projects increased by 69.87% from the end of the previous year, accounting for 1.94 percentage points of the company's total assets; advance payments increased by 337.28% from the end of the previous year, accounting for 1.61 percentage points of the company's total assets. In terms of major changes in liabilities of

, as of the end of the third quarter of 2022, the company's accounts payable decreased by 9.54% from the end of the previous year, accounting for 1.97 percentage points of the company's total assets; short-term loans increased by 76.38% from the end of the previous year, accounting for 0.84 percentage points of the company's total assets; non-current liabilities due within one year, decreased by 42.47% from the end of the previous year, accounting for 1.02 percentage points of the company's total assets; other current liabilities decreased by 99.94% from the end of the previous year, accounting for 0.24 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 22.90%, a decrease of 0.19 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 4.59%, a decrease of 0.17 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 shareholder was Dai Guoda, replacing Cai Hongmei at the end of the second quarter. In terms of specific shareholding ratios, Gao Jun's shareholding has increased, while Ye Yuhong and Ji Hengxing's shareholding has decreased.

In terms of chip concentration, as of the end of the third quarter of 2022, the total number of shareholders of the company was 11,600, a decrease of 1,318 from the end of the second quarter, a decrease of 10.21%; the average shareholding market value dropped from 195,400 yuan at the end of the second quarter to 192,500 yuan, a decrease of 1.48%.