Lepu Medical(300003)

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乐普医疗(300003) - 2022 Q3 - 季度财报
2022-10-27 16:00
Financial Performance - The company's revenue for Q3 2022 was CNY 2,428,292,257.91, representing a year-on-year increase of 14.87%[5] - Net profit attributable to shareholders for Q3 2022 was CNY 542,075,039.22, a significant increase of 177.49% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses for Q3 2022 was CNY 541,264,649.98, up 47.32% year-on-year[5] - The company reported a decrease in total revenue for the first three quarters of 2022, amounting to CNY 7,761,799,196.45, down 10.11% year-on-year, primarily due to a high base from the previous year’s COVID-19 related products[9] - The company’s net profit for the period was not explicitly stated, but the retained earnings reached 9.44 billion RMB, up from 8.12 billion RMB, indicating a growth of approximately 16.2%[23] - Net profit for the current period is ¥1,836,058,042.02, a decrease of 8.8% compared to ¥2,013,048,383.07 in the previous period[25] - Total profit for the current period is ¥2,155,337,297.38, a decrease of 9.4% from ¥2,379,802,352.10 in the previous period[25] - The company’s total comprehensive income for the current period is ¥1,615,088,574.65, down from ¥2,098,157,728.86 in the previous period[25] Cash Flow and Liquidity - The net cash flow from operating activities for Q3 2022 was CNY 643,377,663.85, a substantial increase of 236.06% compared to the previous year[5] - The company's net cash inflow from financing activities was CNY 513.56 million, an increase of CNY 757.94 million compared to the net outflow of CNY 244.38 million in the same period last year[12] - As of the end of the reporting period, the company's cash and cash equivalents totaled CNY 5.41 billion, an increase of CNY 1.62 billion or 42.53% from the beginning of the year, mainly due to GDR issuance and net cash inflow from operating activities[12] - The net cash flow from operating activities for the current period is ¥1,821,670,641.59, a decrease of 21.7% compared to ¥2,325,253,204.12 in the previous period[27] - The total cash inflow from operating activities decreased to ¥8,581,894,292.61 from ¥9,277,918,832.91, reflecting a decline of 7.5%[27] - The cash and cash equivalents at the end of the period increased to ¥5,158,553,034.71 from ¥3,400,579,711.97, representing a growth of 51.7%[28] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to CNY 23,566,707,157.53, reflecting a growth of 13.86% from the end of the previous year[5] - The total liabilities stood at 8.67 billion RMB, compared to 8.43 billion RMB in the previous year, indicating a year-over-year increase of about 2.8%[22] - The total equity attributable to shareholders of the parent company was 13.99 billion RMB, an increase from 11.47 billion RMB year-over-year, representing a growth of approximately 22%[23] - The company's accounts receivable increased to CNY 127.93 million, up CNY 74.16 million or 137.91% from the beginning of the year, attributed to an increase in accepted bills[12] - The company's accounts payable decreased to CNY 150.32 million, a reduction of CNY 78.22 million or 34.22%, due to a decrease in the balance of bills payable[12] Research and Development - The company has ongoing research and development initiatives aimed at introducing new technologies and products to the market[19] - Research and development expenses increased to ¥671,744,088.25, up 11.1% from ¥604,393,473.16 in the previous period[24] Market and Product Development - The cardiovascular medical device segment accounted for 67.17% of total revenue, with a 42.76% increase in regular business revenue after excluding the impact of COVID-19 antigen testing[9] - The company’s regular business revenue, excluding COVID-19 antigen testing, grew by 20.22% in Q3 2022[9] - The company’s innovative products in the cardiovascular medical device sector are expected to drive future growth, with a favorable competitive landscape and minimal short-term procurement risks[10] - The company plans to expand its market presence through the issuance of GDRs and aims to enhance its product offerings in the medical device sector[19] Investment and Financial Management - The company's financial expenses for the reporting period were CNY 82.47 million, a decrease of CNY 58.29 million year-on-year, representing a reduction of 41.41% due to repayment of bank loans and adjustments in financing structure[11] - Investment losses for the reporting period amounted to CNY 63.39 million, a decrease of CNY 65.89 million year-on-year, reflecting a reduction of 50.97% primarily from decreased losses in associated companies[11] - The company reported an investment loss of -¥63,393,643.21, an improvement from -¥129,287,220.37 in the previous period[24] Comprehensive Income - The company's other comprehensive loss was CNY 86.39 million, a decrease of CNY 215.30 million or 167.02% from the beginning of the year, mainly due to a decrease in the fair value of other equity investments[14] - Other comprehensive income after tax for the current period is -¥220,969,467.37, compared to ¥85,109,345.79 in the previous period[25] - The company's minority shareholders' profit and loss decreased to CNY 25.96 million, a decrease of CNY 65.93 million or 71.75% year-on-year, mainly due to the impact of non-wholly-owned subsidiary performance disturbances from the previous year's emergency pandemic business[12]