GS(SH:601500)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,150,602,295.73, representing a year-on-year increase of 9.20%[7]. - The net profit attributable to shareholders for Q3 2022 was ¥4,644,857.40, showing a significant increase of 560.95% compared to the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,193,781.59, reflecting a year-on-year increase of 115.17%[7]. - The basic earnings per share for Q3 2022 was ¥0.0039, an increase of 536.74% compared to the same period last year[10]. - The diluted earnings per share for Q3 2022 was also ¥0.0039, with the same percentage increase of 536.74%[10]. - The weighted average return on equity for Q3 2022 was 0.11%, an increase of 652.08 percentage points compared to the same period last year[10]. - Total operating revenue for the first three quarters of 2022 reached ¥3,273,976,991.98, an increase from ¥3,213,963,506.95 in the same period of 2021, reflecting a growth of approximately 1.87%[32]. - Operating profit for the third quarter of 2022 was ¥17,169,725.37, down from ¥29,729,805.51 in the same quarter of 2021, representing a decline of approximately 42.4%[35]. - The total profit for the current period is 18,806,457.04, compared to 30,304,798.28 in the previous period, indicating a decrease[39]. - The net profit attributable to shareholders of the parent company is 22,834,233.50, down from 31,720,028.37 in the previous period[39]. - The total comprehensive income for the current period is 4,409,531.39, compared to -115,153,735.65 in the previous period, showing a significant recovery[41]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥9,016,692,006.22, representing a 1.21% increase from the end of the previous year[10]. - The company's total assets increased to ¥9,016,692,006.22 in the third quarter of 2022, up from ¥8,909,286,037.13 in the previous year, marking a growth of about 1.22%[32]. - Current liabilities totaled ¥3,951,662,432.85, an increase from ¥3,388,548,147.22 in the previous year, reflecting a rise of approximately 16.56%[32]. - Long-term borrowings decreased to ¥785,952,000.00 from ¥1,166,310,875.84, indicating a reduction of about 32.7%[32]. - The company's equity attributable to shareholders was ¥4,201,990,412.95, slightly down from ¥4,281,377,911.55, a decrease of approximately 1.85%[32]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥34,925,222.50, indicating a decrease compared to the previous year[10]. - Cash inflow from operating activities is 3,190,770,617.22, an increase from 2,940,780,580.96 in the previous period[41]. - The net cash flow from operating activities is -34,925,222.50, a decline from 1,116,357.53 in the previous period[45]. - The net cash flow from investing activities is -283,512,213.81, improving from -602,142,619.92 in the previous period[45]. - The net cash flow from financing activities is 405,462,154.09, down from 1,175,062,160.50 in the previous period[45]. - The cash and cash equivalents at the end of the period amount to 353,946,520.25, compared to 775,228,645.89 in the previous period[45]. - The company's cash and cash equivalents decreased to approximately ¥879.25 million from ¥1.02 billion, representing a decline of about 14% year-over-year[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,899[17]. - The company completed a capital increase of 214,959,333 shares, resulting in a total share capital of 1,289,756,000 shares as of July 14, 2022[23]. - The company repurchased and canceled 1,161,600 restricted stocks, reducing the total share capital to 1,288,594,400 shares[23]. - The top ten shareholders include Hongdou Group Co., Ltd. with 648,699,600 shares, accounting for a significant portion of the total shares[22]. Operational Metrics - Research and development expenses for the third quarter of 2022 were ¥67,908,862.41, compared to ¥82,387,895.64 in the same quarter of 2021, showing a decrease of about 17.6%[35]. - The net credit impairment loss for the third quarter of 2022 was ¥-14,615,286.97, compared to ¥-13,136,801.69 in the previous year, indicating a slight increase in losses[35]. - The company reported non-recurring gains of ¥2,634,256.84 in Q3 2022, contributing to the overall profit[10]. - The company's subsidiary in Cambodia was renamed to General Tire Technology (Cambodia) Co., Ltd. in August 2022[24]. - The company received approval from the China Securities Regulatory Commission for a non-public stock issuance in October 2022[24]. Accounts and Inventory - As of September 30, 2022, the company's total current assets amounted to approximately ¥3.75 billion, a decrease from ¥3.83 billion as of December 31, 2021, reflecting a decline of about 2%[27]. - Accounts receivable increased to approximately ¥962.85 million, up from ¥809.99 million, indicating a growth of approximately 19%[27]. - Inventory levels rose slightly to approximately ¥1.71 billion from ¥1.70 billion, showing an increase of about 0.5%[27]. - Total operating costs for the third quarter of 2022 were ¥3,260,962,336.71, compared to ¥3,217,239,786.44 in the previous year, indicating an increase of about 1.36%[35].