CSI Intelligent Finance Cathay Group (603977) disclosed its third quarter report for 2022 on October 26. In the first three quarters of 2022, the company achieved total operating income of 1.554 billion yuan, and increased by 16.30% year-on-year; net profit attributable to shareholders was 201 million yuan, a year-on-year increase of 30.00%; net profit excluding non-operating items was 177 million yuan, a year-on-year increase of 22.81%; net cash flow generated by operating activities was 209 million yuan, a year-on-year increase of 86.83%; during the reporting period, Cathay Group's basic earnings per share was 0.34 yuan, and the weighted average return on equity was 7.37%.
According to the third quarter report, the company achieved total operating income of 611 million yuan in the third quarter, an increase of 16.88% year-on-year and 13.49% month-on-month; net profit attributable to shareholders was 89.9189 million yuan, an increase of 34.26% year-on-year and 17.06% month-on-month; net profit excluding non-network was 79.6683 million yuan, an increase of 23.15% year-on-year and 19.60% month-on-month.
In the first three quarters of 2022, the company's gross profit margin was 35.25%, a year-on-year decrease of 1.40 percentage points; the net profit margin was 14.81%, an increase of 1.42 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 36.06%, a year-on-year decrease of 2.56 percentage points and a month-on-month decrease of 0.65 percentage points; the net profit margin was 16.29%, an increase of 1.46 percentage points from the same period last year and a decrease of 0.76 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was 3.21%, up 0.40 percentage points year-on-year and 0.33 percentage points month-on-month.
In the first three quarters of 2022, the company's net cash flow in operating activities was 209 million yuan, an increase of 86.83% year-on-year; the net cash flow of financing activities was 129 million yuan, a decrease of 68.7218 million yuan year-on-year; the net cash flow of investment activities was -367 million yuan, compared with -515 million yuan in the same period last year.
In the first three quarters of 2022, the company's operating income cash ratio was 103.27%, and the net cash ratio was 104.27%.
In the first three quarters of 2022, the company's period expenses were 311 million yuan, an increase of 22.884 million yuan from the same period last year; but the period expense ratio was 20.02%, a decrease of 1.55 percentage points from the same period last year. Among them, sales expenses increased by 5.37% year-on-year, administrative expenses increased by 9.87% year-on-year, R&D expenses increased by 18.72% year-on-year, and financial expenses decreased by 30.63% year-on-year.
According to the announcement, the changes in financial expenses are mainly due to the reduction in financial expenses arrears of convertible bonds to convert equities .
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 60.73% from the end of the previous year, accounting for 4.38 percentage points of the company's total assets; fixed assets decreased by 3.44% from the end of the previous year, accounting for 3.04 percentage points of the company's total assets; construction projects increased by 36.51% from the end of the previous year, accounting for 2.01 percentage points of the company's total assets; intangible assets decreased by 3.34% from the end of the previous year, accounting for 1.23 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 179.13% from the end of the previous year, accounting for 9.41 percentage points of the company's total assets; bond payable decreased by 100.00% from the end of the previous year, accounting for 5.93 percentage points of the company's total assets; non-current liabilities due within one year, decreased by 94.65% from the end of the previous year, accounting for 0.70 percentage points of the company's total assets; accounts payable decreased by 5.11% from the end of the previous year, accounting for 1.07 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 32.09%, an increase of 2.22 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 15.83%, an increase of 2.78 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 Minghai Event Drive No. 3 Private Equity Securities Investment Fund and Chen Binfen, replacing Xiong Xuqing and Chen Gongsun at the end of the second quarter. In terms of specific shareholding ratio, Jia Chun's shareholding has increased, while Jiangxi Military Industry Holding Group Co., Ltd., Jiangxi Tungsten Industry Group Co., Ltd. , Jiangxi Xin'an Xinhe Investment Group Co., Ltd., Liang Chengxi, Hengda Life Insurance Co., Ltd. - dividend B, Liang Tao and Liu Jianqun's shareholding has decreased.
| Shareholder name | Stock holdings (ten thousand shares) | Sales proportion of total share capital (%) | change ratio (%) | |
|---|---|---|---|---|
| Jiangxi Military Industry Holding Group Co., Ltd. | 29593.62 | 47.636235 | -2.50 | |
| Jiangxi Tungsten Industry Group Co., Ltd. | 3582.54 | 5.766732 | -0.30 | |
| Minghai Event Drive No. 3 Private Equity Securities Investment Fund | 3106.21 | 5.000001 | New | |
| Jiangxi Xinanxinhe Investment Group Co., Ltd. | 1499.9 | 2.414356 | -5.39 | |
| Liang Chengxi | 594.39 | 0.956777 | 0.956777 | -5.39 |
| Liang Chengxi | 594.39 | 0.956777 | -0.05 | |
| Hengda Life Insurance Co., Ltd.-Diployment B | 456.24 | 0.734399 | -0.04 | |
| Chen Binfen | 326.95 | 0.526285 | New | |
| Jia Chun | 309.38 | 0.498003 | 0.05 | |
| Liang Tao | 208.67 | 0.335896 | -0.02 | |
| Liu Jianqun | 200.6 | 0.322895 | -0.30 |
In terms of chip concentration, as of the end of the third quarter of 2022, the total number of shareholders of the company was 22,100, an increase of 1,952 from the end of the second quarter, an increase of 9.69%; the average shareholding market value dropped from 254,100 yuan at the end of the second quarter to 230,000 yuan, a decrease of 9.48%.
