2022-10-28 11:08Revenue and Profitability - Revenue for the third quarter reached RMB 117.08 billion, an increase of 115.59% year-over-year[3] - Net profit attributable to shareholders was RMB 5.72 billion, reflecting a 350.26% increase compared to the same period last year[3] - Net profit excluding non-recurring items was RMB 5.34 billion, up 930.48% year-over-year[3] - Operating revenue for the first nine months of 2022 reached RMB 267.69 billion, an increase of 84.37% compared to RMB 145.19 billion in the same period of 2021, primarily driven by the growth in the new energy vehicle business[10] - Total revenue for the period reached RMB 267.69 billion, a significant increase from RMB 145.19 billion in the previous period, representing an 84.3% growth[29] - Operating profit for the period was RMB 12.09 billion, compared to RMB 3.87 billion in the previous period, marking a 211.5% increase[29] - Net profit for the period was RMB 9.99 billion, up from RMB 3.30 billion in the previous period, reflecting a 203.5% growth[31] - Total comprehensive income for the current period reached RMB 9,772,613,000, a significant increase from RMB 3,031,848,000 in the previous period, representing a growth of approximately 222%[34] - Basic and diluted earnings per share for the current period were both RMB 3.20, up from RMB 0.85 in the previous period, reflecting a growth of approximately 276%[34] Assets and Liabilities - Total assets at the end of the reporting period were RMB 426.23 billion, a 44.10% increase from the previous year[4] - Total liabilities increased to RMB 313.67 billion as of September 30, 2022, compared to RMB 191.54 billion at the end of 2021, representing a 63.7% increase[26] - Total current assets amounted to RMB 216.32 billion, an increase from RMB 166.11 billion as of December 31, 2021, representing a growth of approximately 30.2%[20] - The company's cash and cash equivalents decreased to RMB 44.93 billion from RMB 50.46 billion, a decline of about 11.0%[20] - Total liabilities increased significantly, with other payables reaching RMB 94.91 billion, a 129.53% increase from RMB 41.35 billion, primarily due to increased investments in battery and automotive businesses[9] - Deferred income tax liabilities rose to RMB 1.08 billion, a 76.93% increase from RMB 609.57 million, primarily due to an increase in taxable temporary differences[9] Cash Flow - Cash flow from operating activities for the year-to-date was RMB 91.04 billion, an increase of 185.62% compared to the previous year[3] - Net cash flow from operating activities surged to RMB 91.04 billion, reflecting a 185.62% increase from RMB 31.87 billion in the same period last year, mainly due to increased cash receipts from sales of goods and services[12] - The company reported a net cash outflow from investing activities of RMB 83,657,427,000, worsening from a net outflow of RMB 22,289,539,000 in the previous period[39] - Cash inflow from financing activities was RMB 20,110,538,000, down from RMB 53,499,364,000 in the previous period, indicating a decrease of approximately 62%[39] - The company experienced a foreign exchange impact on cash and cash equivalents of RMB 425,001,000, compared to a negative impact of RMB 8,546,000 in the previous period[39] Investments and Expenses - Research and development expenses rose to RMB 10.87 billion, a 107.69% increase from RMB 5.23 billion in the previous year, attributed to higher personnel costs and material consumption[10] - Long-term equity investments increased by 69.22% to RMB 13.38 billion, reflecting increased investments in joint ventures[7] - The company reported a net loss from investments of RMB 332.05 million, a staggering increase of 1,073.70% compared to a loss of RMB 28.29 million in the previous year, mainly due to increased losses from joint venture investments[11] - The company's financial expenses turned positive with a net income of RMB 1.34 billion, compared to a loss of RMB 1.37 billion in the previous year, driven by increased interest income and foreign exchange gains[10] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 324,853, with the top ten shareholders holding significant stakes, including HKSCC NOMINEES LIMITED at 37.70%[13] - The company repurchased a total of 5,511,024 shares for a total amount of RMB 1.81 billion, completing its employee stock ownership plan[17] - The highest transaction price during the share repurchase was RMB 358.58 per share, while the lowest was RMB 293.37 per share[17] - The company plans to expand its employee stock ownership plan to include up to 12,000 participants, enhancing employee engagement and retention[17] Inventory and Contract Liabilities - Inventory increased to RMB 73.45 billion, a rise of 69.38% year-over-year, driven by growth in the new energy vehicle business[7] - The company’s contract assets increased to RMB 11.81 billion from RMB 8.49 billion, reflecting a growth of approximately 39.0%[20] - Contract liabilities rose to RMB 33.52 billion, a 124.49% increase, primarily due to increased advance payments[8]