Financial Performance - Operating revenue for the third quarter reached RMB 3,910,228,312.56, an increase of 69.33% compared to the same period last year[3]. - Net profit attributable to shareholders was RMB 501,547,283.79, reflecting a growth of 10.03% year-on-year[3]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 494,258,150.02, up by 10.90% compared to the previous year[3]. - Total revenue for the first three quarters of 2022 reached RMB 11,214,719,651.52, a significant increase from RMB 6,337,267,597.37 in the same period of 2021, representing an increase of approximately 77.5%[17]. - Operating profit for the first three quarters of 2022 was RMB 1,650,267,417.27, compared to RMB 1,944,537,321.97 in the same period of 2021, indicating a decrease of about 15.1%[17]. - Net profit for the first three quarters of 2022 was RMB 1,504,295,160.58, down from RMB 1,716,852,020.15 in the same period of 2021, reflecting a decline of approximately 12.4%[18]. - The company reported a basic earnings per share of RMB 0.70 for the first three quarters of 2022, down from RMB 0.80 in the same period of 2021[18]. Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 29,898,936,014.85, representing a 48.88% increase from the end of the previous year[4]. - Current assets reached RMB 11,700,478,980.18, up from RMB 8,898,302,425.61 in the previous year, indicating a growth of about 31.8%[15]. - Non-current assets totaled RMB 18,198,457,034.67, up from RMB 11,184,614,674.89, reflecting an increase of approximately 62.7%[15]. - The company reported a significant increase in fixed assets, which rose to RMB 9,130,187,893.87 from RMB 6,316,279,511.19, a growth of about 44.5%[15]. - Total liabilities as of September 30, 2022, amounted to RMB 16,150,671,014.47, up from RMB 8,272,748,027.71 as of December 31, 2021, representing an increase of approximately 95.5%[16]. - The company's total equity attributable to shareholders reached RMB 13,748,265,000.38 as of September 30, 2022, compared to RMB 11,810,169,072.79 at the end of 2021, an increase of about 16.4%[16]. - The company's short-term borrowings increased to RMB 3,014,599,770.84 as of September 30, 2022, compared to RMB 1,860,696,500.00 at the end of 2021, reflecting an increase of approximately 61.6%[16]. Cash Flow - The company experienced a significant increase in cash flow from operating activities, with a year-to-date increase of 219.10%[6]. - In the first three quarters of 2022, the cash inflow from operating activities was approximately RMB 5.81 billion, an increase of 50.2% compared to RMB 3.87 billion in the same period of 2021[20]. - The net cash flow from operating activities for the first three quarters of 2022 was RMB 1.07 billion, a significant improvement from a net outflow of RMB 900.43 million in the same period of 2021[20]. - The cash inflow from sales of goods and services in the first three quarters of 2022 was RMB 5.56 billion, a rise of 54.5% from RMB 3.59 billion in the same period of 2021[20]. - The company received RMB 3.98 billion from bond issuance in the first three quarters of 2022, with no comparable figure from the previous year[21]. - Cash received from borrowings in the first three quarters of 2022 was RMB 5.49 billion, an increase of 77.0% compared to RMB 3.10 billion in the same period of 2021[21]. - The cash outflow from investment activities in the first three quarters of 2022 was RMB 7.56 billion, compared to RMB 5.06 billion in the same period of 2021, indicating an increase of 49.4%[20]. - The net cash flow from financing activities for the first three quarters of 2022 was RMB 6.34 billion, up from RMB 3.85 billion in the same period of 2021, reflecting a growth of 64.5%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,777[7]. - The company has a notable shareholder structure, with the top shareholder, Hong Kong Central Clearing (Agent) Limited, holding 20.96% of shares[8]. Research and Development - Research and development expenses increased to RMB 384,913,278.71 in the first three quarters of 2022, compared to RMB 303,236,157.80 in the same period of 2021, marking an increase of about 27%[17]. Operational Challenges - The decline in net profit was primarily due to a decrease in the average selling price of photovoltaic glass and rising costs of raw materials and energy[6].
福莱特玻璃(06865) - 2022 Q3 - 季度财报