Quechen Company(605183)2022-10-25 16:00Revenue and Profit Growth - Revenue for the third quarter was RMB 443.89 million, a year-on-year increase of 33.92%[7] - Net profit attributable to shareholders of the listed company was RMB 110.36 million, a year-on-year increase of 63.17%[7] - Total operating revenue for the first three quarters of 2022 reached 1,330,143,392.53 yuan, a 28.4% increase compared to 1,035,551,771.30 yuan in the same period of 2021[30] - Net profit attributable to the parent company's shareholders in the first three quarters of 2022 was 311,237,212.63 yuan, a 48.4% increase from 209,796,606.31 yuan in the same period of 2021[33] - Operating profit for the first three quarters of 2022 was 359,358,403.85 yuan, a 43.0% increase compared to 251,332,334.39 yuan in the same period of 2021[33] Asset and Equity Changes - Total assets at the end of the reporting period were RMB 3.01 billion, an increase of 2.76% compared to the end of the previous year[9] - Equity attributable to shareholders of the listed company was RMB 2.57 billion, an increase of 3.94% compared to the end of the previous year[9] - Total assets increased to 3,005,254,037.81 RMB as of September 30, 2022, compared to 2,924,516,188.43 RMB at the end of 2021[25] - Current assets remained stable at 1,939,636,739.25 RMB, slightly down from 1,940,311,123.30 RMB at the end of 2021[25] - Non-current assets grew to 1,065,617,298.56 RMB, up from 984,205,065.13 RMB at the end of 2021[25] - Total liabilities decreased to 439,530,760.21 RMB, down from 455,942,790.63 RMB at the end of 2021[28] - Current liabilities decreased to 438,365,326.69 RMB, down from 450,669,007.30 RMB at the end of 2021[28] - Non-current liabilities decreased significantly to 1,165,433.52 RMB, down from 5,273,783.33 RMB at the end of 2021[28] - Shareholder equity increased to 2,565,723,277.60 RMB, up from 2,468,573,397.80 RMB at the end of 2021[28] - Total equity attributable to the parent company's shareholders as of the end of the third quarter of 2022 was 2,565,723,200.81 yuan, a 3.9% increase from 2,468,573,320.76 yuan at the end of the same period in 2021[30] Earnings Per Share and Return on Equity - Basic earnings per share for the third quarter were RMB 0.27, a year-on-year increase of 65.20%[9] - Weighted average return on equity (ROE) for the third quarter was 4.38%, an increase of 1.5 percentage points year-on-year[9] - Basic earnings per share for the first three quarters of 2022 were 0.75 yuan, a 47.1% increase compared to 0.51 yuan in the same period of 2021[35] Cash Flow and Financial Expenses - Operating cash flow for the first three quarters was RMB 352.31 million, a year-on-year increase of 37.57%[7] - Financial expenses decreased by 1,001.43% due to exchange gains from RMB depreciation against the USD[13] - Financial expenses for the first three quarters of 2022 showed a net income of 81,140,691.70 yuan, compared to an expense of 9,001,346.12 yuan in the same period of 2021[30] - Sales of goods and services received cash of RMB 934,068,621.90, an increase from RMB 860,052,138.24 in the same period last year[39] - Net cash flow from operating activities increased to RMB 352,308,296.40, up from RMB 256,086,590.30 in the previous year[39] - Cash received from tax refunds rose to RMB 56,439,374.32, compared to RMB 26,197,185.79 in the same period last year[39] - Cash paid for goods and services was RMB 476,563,349.92, slightly up from RMB 469,277,571.55 in the previous year[39] - Cash received from investment activities totaled RMB 479,765,999.15, an increase from RMB 427,635,541.85 in the same period last year[39] - Cash paid for investments decreased to RMB 506,500,000.00, down from RMB 743,400,000.00 in the previous year[39] - Net cash flow from investment activities was negative RMB 164,048,942.23, an improvement from negative RMB 403,094,826.57 in the same period last year[41] - Net cash flow from financing activities was negative RMB 303,974,988.09, compared to negative RMB 207,752,006.65 in the previous year[41] - The net increase in cash and cash equivalents was negative RMB 33,422,082.98, an improvement from negative RMB 357,526,885.81 in the same period last year[41] - The ending balance of cash and cash equivalents was RMB 749,525,871.82, down from RMB 793,884,651.65 at the end of the previous year[41] Inventory and Borrowings - Inventory increased by 38.91% due to higher raw material stockpiling[13] - Short-term borrowings decreased by 86.59% due to repayment of bank loans[13] - Inventory increased to 236,008,876.33 RMB, up from 169,904,342.68 RMB at the end of 2021[25] Research and Development - Research and development expenses for the first three quarters of 2022 were 46,369,870.85 yuan, a 23.7% increase compared to 37,493,582.48 yuan in the same period of 2021[30] Comprehensive Income and Investment - Total comprehensive income for the first three quarters of 2022 was 318,317,896.91 yuan, a 74.8% increase from 182,128,669.64 yuan in the same period of 2021[35] - Investment income for the first three quarters of 2022 was 15,711,633.67 yuan, a significant increase from 857,416.13 yuan in the same period of 2021[33] Monetary Funds and Accounts Receivable - Monetary funds decreased to 759,367,363.33 RMB, down from 790,369,237.95 RMB at the end of 2021[22] - Accounts receivable decreased to 491,291,804.65 RMB, down from 503,747,418.85 RMB at the end of 2021[25]