Revenue and Profit - The company's revenue for Q3 2022 was ¥193,181,892.77, a decrease of 20.08% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥42,367,027.47, an increase of 9.07% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥32,006,575.79, down 15.96% from the previous year[5] - Total operating revenue for the third quarter reached CNY 617,622,909.15, an increase of 9.5% compared to CNY 561,852,133.95 in the same period last year[20] - Net profit for the period was CNY 104,870,692.68, representing a year-on-year increase of 26.3% from CNY 82,993,075.80[21] - Basic and diluted earnings per share were both CNY 1.40, up from CNY 1.11 in the previous year[22] - The total comprehensive income for the period was CNY 107,342,857.29, compared to CNY 83,139,454.91 in the previous year, an increase of 29.1%[22] Assets and Equity - The total assets at the end of Q3 2022 reached ¥1,657,723,709.52, representing a 123.71% increase from the end of the previous year[5] - The equity attributable to shareholders increased by 238.96% to ¥1,374,496,195.83 compared to the end of the previous year[5] - Current assets as of September 30, 2022, totaled CNY 1,348,292,452.09, compared to CNY 491,274,178.27 at the beginning of the year, indicating substantial growth[16] - The total assets of the company reached CNY 1,657,723,709.52, up from CNY 741,028,022.02 at the start of the year[17] - Total equity attributable to shareholders of the parent company increased significantly to CNY 1,374,496,195.83 from CNY 405,508,591.06, marking a growth of 238.5%[19] Cash Flow - The cash flow from operating activities for the year-to-date was ¥148,636,640.04, a significant increase of 423.38%[5] - Operating cash flow for the first nine months of 2022 was CNY 148,636,640.04, an increase of 423.38% compared to a cash outflow of CNY 45,963,018.33 in the same period of 2021[10] - Cash generated from operating activities was CNY 649,367,996.83, compared to CNY 528,601,227.32 in the previous year, reflecting a growth of 23.8%[23] - The net cash flow from operating activities was ¥148,636,640.04, a significant improvement compared to a net outflow of ¥45,963,018.33 in the same period last year[24] - Total cash inflow from financing activities reached ¥1,049,040,400.00, compared to ¥324,155,465.82 in the previous year, indicating a substantial increase[25] - The company reported a total cash and cash equivalents balance of ¥1,001,621,062.81 at the end of the quarter, up from ¥32,322,890.28 in the same period last year[25] Inventory and Management - The company's inventory decreased by 30.89% to ¥188,523,921.24, indicating improved inventory management[9] - Inventory decreased to CNY 188,523,921.24 from CNY 272,797,108.20, showing a reduction in stock levels[16] Financing Activities - The company raised a total of CNY 975,000,000.00 from the public offering of 25 million shares at CNY 39.00 per share, with a net amount of CNY 861,313,391.40 after expenses[14] - Net cash flow from financing activities reached CNY 837,581,788.05, a significant increase of 736.88% from CNY 100,083,648.76 in the previous year, primarily due to funds raised from a public stock issuance[10] - The company received government subsidies amounting to ¥11,404,879.00 in Q3 2022, contributing to its financial performance[6] Research and Development - Research and development expenses for the period were CNY 22,110,379.61, up from CNY 19,406,931.61, indicating a 13.9% increase[20] - The company plans to use the raised funds for projects including an annual production capacity of 100 million valves and fittings, and a research and development center[14] Financial Expenses - The company reported a decrease in financial expenses, with a net financial cost of CNY -7,117,764.38, compared to CNY 4,545,527.12 in the previous year[20]