NEWAY(SH:603699)2023-10-25 16:00Financial Performance - The company's operating revenue for the third quarter increased by 67.21% compared to the same period last year, primarily due to sales growth [10]. - The net profit attributable to shareholders for the third quarter rose by 59.75%, driven by increased sales revenue and exchange rate fluctuations [10]. - The basic earnings per share for the third quarter was CNY 0.34, reflecting a 57.14% increase compared to the previous quarter [10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the third quarter increased by 83.91% [10]. - The company's operating revenue for Q3 2023 reached CNY 1,816,901,819.98, representing a 67.21% increase compared to the same period last year [23]. - The net profit attributable to shareholders for Q3 2023 was CNY 251,941,836.28, reflecting a 59.75% year-over-year growth [23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was CNY 278,115,528.99, an increase of 83.91% compared to the previous year [23]. - The company's operating profit for the third quarter was ¥687,362,422.93, compared to ¥398,116,185.70 in the previous year, reflecting an increase of about 72.5% [49]. - Net profit for the first three quarters of 2023 was ¥594,191,071.67, compared to ¥352,398,684.67 in the previous year, indicating a year-over-year increase of about 68.7% [49]. Assets and Equity - The total assets as of September 30, 2023, reached CNY 7,683,600,505.84, representing a 10.23% increase from the end of the previous year [6]. - The equity attributable to shareholders increased by 10.52% to CNY 3,593,325,083.15 compared to the end of the previous year [6]. - The total assets of the company amounted to CNY 7,683,600,505.84, up from CNY 6,970,346,475.01 in the previous year [15]. - The company's total equity reached CNY 3,669,462,392.01, indicating a strong capital position [16]. - The total equity attributable to shareholders of the parent company increased to ¥3,593,325,083.15 from ¥3,251,389,902.64, marking a rise of approximately 10.5% [36]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 462,665,838.72, reflecting a 3.23% increase [6]. - The cash flow from operating activities for the first three quarters of 2023 was CNY 3,683,305,143.85, compared to CNY 3,087,017,556.97 in the same period of 2022 [20]. - Operating cash inflow totaled $3,964,194,391.88, an increase from $3,287,258,972.01 in the previous period, reflecting a growth of approximately 20.5% [52]. - Operating cash outflow amounted to $3,501,528,553.16, compared to $2,839,053,480.64 previously, indicating an increase of about 23.3% [52]. - Net cash flow from operating activities was $462,665,838.72, slightly up from $448,205,491.37, showing a growth of around 3.9% [52]. - Cash inflow from investment activities was $389,602,289.42, down from $673,511,610.92, representing a decline of approximately 42.2% [52]. - Net cash flow from investment activities was -$64,669,357.11, an improvement from -$127,407,199.71 in the previous period [52]. - Cash inflow from financing activities totaled $985,043,000.00, significantly higher than $623,895,310.00, marking an increase of about 58% [53]. - Net cash flow from financing activities was -$146,061,631.31, an improvement from -$320,817,875.85 [53]. - The ending balance of cash and cash equivalents was $1,048,311,408.24, up from $431,327,261.40, indicating a substantial increase of approximately 143.5% [53]. - Total cash and cash equivalents increased by $257,078,241.25, compared to an increase of $34,373,565.18 in the previous period [53]. Inventory and Liabilities - The company's inventory increased to CNY 2,234,453,716.33 from CNY 2,085,092,509.96, showing a growth in stock levels [15]. - The total liabilities increased to CNY 4,014,138,112.83 from CNY 3,648,449,512.97, indicating a rise in financial obligations [16]. - The company reported a significant increase in accounts receivable, which rose to ¥2,229,936,505.63 from ¥1,803,271,538.72, representing an increase of about 23.6% [33]. Research and Development - Research and development expenses for the first three quarters of 2023 were ¥116,785,954.29, a decrease from ¥138,452,738.00 in the same period of 2022, indicating a reduction of approximately 15.6% [48]. Future Outlook - The company plans to continue expanding its market presence and investing in new product development to sustain growth [10].