Lion(SH:605358)2022-10-28 16:00Financial Performance - Q3 2022 revenue was CNY 71,377.94 million, a decrease of 1.53% year-over-year, while year-to-date revenue reached CNY 227,847.96 million, an increase of 29.96%[2] - Net profit attributable to shareholders for Q3 2022 was CNY 13,816.58 million, down 29.24% year-over-year, with year-to-date net profit at CNY 64,139.72 million, up 58.67%[2] - Basic and diluted earnings per share for Q3 2022 were CNY 0.21, a decrease of 57.14% compared to the same period last year[3] - The net profit for Q3 2022 was CNY 661,017,835.19, an increase from CNY 418,334,837.68 in Q3 2021, representing a growth of approximately 58%[17] - The operating profit for Q3 2022 was CNY 742,313,191.32, compared to CNY 468,906,491.71 in the same period last year, indicating a year-over-year increase of about 58%[17] - The company reported a total comprehensive income of CNY 661,017,835.19 for Q3 2022, compared to CNY 418,334,837.68 in Q3 2021, showing a growth of approximately 58%[18] - The basic and diluted earnings per share for Q3 2022 were both CNY 0.95, down from CNY 1.01 in Q3 2021[18] Assets and Liabilities - Total assets as of the end of Q3 2022 were CNY 1,529,670.12 million, representing a 21.78% increase from the end of the previous year[3] - The company’s total assets and liabilities increased significantly, reflecting its growth strategy and market expansion efforts[8] - Total liabilities rose to CNY 6,259,818,279.50 from CNY 4,319,154,351.04, marking a 45% increase[14] - Shareholders' equity increased to CNY 9,036,882,956.82, up from CNY 8,241,477,057.40, reflecting a growth of 10%[14] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 86,300.46 million, reflecting a significant increase of 235.85%[3] - Cash flow from operating activities for the first three quarters of 2022 was CNY 863,004,640.12, significantly higher than CNY 256,961,371.42 in the same period of 2021[19] - The net cash flow from investing activities for Q3 2022 was negative CNY 3,902,344,199.73, compared to negative CNY 1,673,813,239.69 in Q3 2021[20] Inventory and Expenses - The company reported a 52.47% increase in inventory, amounting to CNY 46,291.95 million, due to increased sales and material stocking[7] - Total operating costs for the first three quarters of 2022 were CNY 1,601,761,002.96, up from CNY 1,293,372,810.28 in the previous year, reflecting a 24% increase[15] - Research and development expenses increased by 52.00 million yuan year-on-year, reflecting the company's intensified efforts in developing new products and technologies[8] - Research and development expenses rose to CNY 195,902,153.08 in Q3 2022, up from CNY 143,898,508.29 in Q3 2021, reflecting a growth of approximately 36%[17] - Operating expenses were reduced by 10% compared to the previous quarter, contributing to improved profitability[21] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 87,847[9] - The largest shareholder, Wang Minwen, holds 117,831,266 shares, accounting for 17.41% of total shares[9] Future Outlook and Strategic Initiatives - The company provided a forward guidance of 1.8 billion yuan in revenue for Q4 2022, reflecting an expected growth of 20%[21] - New product launches are expected to contribute an additional 300 million yuan in revenue in the next quarter[21] - The company is investing 200 million yuan in R&D for new technologies aimed at enhancing product performance[21] - Market expansion efforts have led to a 15% increase in market share in the Asia-Pacific region[21] - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million yuan allocated for this purpose[21] - A new strategic partnership has been formed with a leading tech firm, expected to drive innovation and market reach[21] Other Financial Metrics - The company’s weighted average return on equity decreased by 11.50 percentage points to 8.33% year-to-date[3] - The company incurred financial expenses of CNY 41,700,032.43 in Q3 2022, a decrease from CNY 88,759,560.08 in Q3 2021, indicating a reduction of approximately 53%[17] - The gross margin for Q3 2022 improved to 40%, up from 35% in the previous quarter[21] - Other income increased by 75.31 million yuan, mainly due to increased government subsidies received[8]