2023-10-30 10:08Financial Performance - The company reported a profit of RMB 758,845,000 for the current period, with a total profit of RMB 2,018,135,000 from the beginning of the year to the end of the reporting period[12]. - Operating revenue for the reporting period reached CNY 162.15 billion, an increase of 38.49% year-over-year[26]. - Net profit attributable to shareholders was CNY 10.41 billion, up 82.16% compared to the same period last year[26]. - The net profit excluding non-recurring gains and losses was CNY 9.65 billion, reflecting an 80.95% increase year-over-year[26]. - The company reported a basic earnings per share of CNY 3.58, an increase of 81.73% year-over-year[26]. - Operating revenue for the first nine months of 2023 reached ¥422.27 billion, a 57.75% increase from ¥267.69 billion in the same period of 2022, primarily driven by the growth in new energy vehicle sales[44]. - Operating profit for the current period was CNY 26,637,286,000, up from CNY 12,085,367,000 in the previous period, reflecting an increase of about 120.4%[89]. - The total comprehensive income attributable to the parent company's owners was CNY 22,391,096,000, compared to CNY 9,772,613,000 in the previous period, representing an increase of approximately 128.5%[89]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 623.28 billion, a 26.21% increase from the end of the previous year[26]. - The company's total equity increased to RMB 141,066,857,000 as of September 30, 2023, from RMB 121,389,837,000 on January 1, 2023[18]. - The total liabilities and equity reached RMB 623,283,496,000 as of September 30, 2023, compared to RMB 493,860,646,000 on January 1, 2023[18]. - The company's total liabilities increased to RMB 482.22 billion from RMB 372.47 billion, marking a rise of about 29.4%[79]. - Cash and cash equivalents stood at RMB 55.76 billion, up from RMB 51.47 billion, representing an increase of about 8.5%[75]. - Inventory levels increased to RMB 92.71 billion from RMB 79.11 billion, reflecting a growth of approximately 17.3%[75]. - The total non-current assets amounted to RMB 348.15 billion, up from RMB 253.06 billion, indicating a growth of around 37.5%[54]. Government Subsidies and Other Income - Government subsidies recognized in the current period were RMB 938,898,000, totaling RMB 2,727,828,000 from the beginning of the year to the end of the reporting period, primarily related to automotive and related products[12]. - Other income rose by 145.01% to ¥2.82 billion, up from ¥1.15 billion, mainly due to increased government subsidies related to daily operations[44]. - The company reported a 661.05% increase in fair value changes of financial assets, amounting to ¥266.86 million, compared to a loss of ¥47.56 million in the previous year[44]. Borrowings and Financing Activities - Short-term borrowings increased to RMB 10,098,226,000 as of September 30, 2023, compared to RMB 5,153,098,000 on January 1, 2023[17]. - Short-term borrowings rose by 95.96% to CNY 10.10 billion, mainly due to business expansion and increased short-term financing[30]. - The net cash flow from financing activities was ¥256.22 million, a turnaround from a negative cash flow of ¥15.99 billion in the same period last year, primarily due to reduced loan repayments[45]. - Cash inflow from financing activities totaled 22,442,271,000.00, an increase from 20,110,538,000.00 in the prior period[106]. - Cash outflow for debt repayment was 16,700,692,000.00, down from 29,858,069,000.00 in the previous period[106]. Research and Development - Research and development expenses surged by 129.42% to ¥24.94 billion, compared to ¥10.87 billion, mainly due to increased personnel costs and material consumption[44]. - Research and development expenses surged to RMB 24.94 billion, up from RMB 10.87 billion, indicating an increase of around 129.5%[83]. Shareholder Information - The company’s major shareholders include HKSCC Nominees Limited, holding 1,097,448,246 shares, and Rongjie Investment Holdings Group Limited, holding 155,149,602 shares[47]. - The board of directors was re-elected, with Wang Chuanfu serving as the executive director, and the new board includes independent non-executive directors[51]. Other Financial Metrics - The weighted average return on equity was 8.35%, an increase of 2.61% compared to the previous year[26]. - The company experienced a significant increase in credit impairment losses, totaling CNY -1,021,329,000, compared to CNY -548,525,000 in the previous period[89]. - Cash flow from operating activities for the current period was CNY 97,860,288,000, compared to CNY 91,036,733,000 in the previous period, showing an increase of about 7.5%[104].