2022-11-10 16:00Financial Performance - In Q3 2022, the company's revenue was RMB 13.17 billion, showing a year-on-year increase of 41.9%[7] - The net profit attributable to shareholders was RMB 3.14 billion, representing a 51.1% increase compared to the same period last year[7] - Full-year revenue for 2022 is projected to be around RMB 49.4 billion, a year-on-year growth of approximately 38%[4] - Total operating revenue for the first three quarters of 2022 reached RMB 37,763,559 thousand, a 48.8% increase from RMB 25,370,997 thousand in the same period of 2021[26] - Operating profit for the first three quarters of 2022 was RMB 11,780,131 thousand, up 55.5% from RMB 7,553,373 thousand in the previous year[26] - Net profit attributable to shareholders of the parent company was RMB 9,389,507 thousand, representing a 28.4% increase compared to RMB 7,318,276 thousand in the same period of 2021[28] - The total comprehensive income for the first three quarters of 2022 was RMB 31,012,518 thousand, compared to RMB 6,203,922 thousand in the same period of 2021[28] Margins and Costs - The gross margin for Q3 2022 was 39.2%, a slight decrease of 0.2 percentage points from the previous quarter[4] - The company expects Q4 2022 revenue to decline by 13% to 15% and gross margin to be between 30% and 32%[5] - Total operating costs for the first three quarters of 2022 were RMB 27,766,816 thousand, an increase from RMB 22,009,131 thousand in the same period of 2021[26] Research and Development - R&D expenditure in Q3 2022 was RMB 1.25 billion, accounting for 9.5% of revenue, a decrease of 2.2 percentage points year-on-year[7] - Research and development expenses for the first three quarters of 2022 totaled RMB 3,545,485 thousand, an increase from RMB 3,019,512 thousand in the same period of 2021[26] Assets and Liabilities - The company's total assets at the end of Q3 2022 were RMB 297.00 billion, an increase of 29.2% compared to the end of the previous year[7] - The company's current assets totaled CNY 132,945,556, up from CNY 96,898,234 in the previous year, indicating a year-over-year increase of about 37.2%[22] - Total liabilities increased to CNY 98,492,363 from CNY 67,957,975, which is an increase of approximately 45.0%[24] - The company's equity attributable to shareholders reached CNY 132,803,805, up from CNY 109,198,772, representing a growth of about 21.6%[24] Cash Flow - The operating cash flow for the year-to-date period increased by 120.4%, primarily due to higher cash receipts from sales[15] - The company reported a net cash flow from operating activities of RMB 31,159,743 thousand, significantly higher than RMB 14,138,913 thousand in the first three quarters of 2021[29] - Cash outflow from investment activities totaled $102,519,729, an increase of 60.94% compared to $63,635,852 in the previous period[31] - Net cash flow from investment activities was -$51,267,425, worsening from -$32,533,580 year-over-year[31] - Cash inflow from financing activities amounted to $25,140,459, up 79.83% from $13,997,204 in the prior period[31] - Net cash flow from financing activities increased significantly to $15,474,298, compared to $3,143,519 in the previous year[31] Shareholder Information - The company reported a total of 4,219,060,245 shares issued in Hong Kong, accounting for 53.26% of total shares[17] - The top three shareholders include HKSCC NOMINEES LIMITED with 53.26%, 大唐控股（香港）投资有限公司 with 14.10%, and 鑫芯（香港）投资有限公司 with 7.79%[17] - The total net assets attributable to shareholders at the end of the reporting period were RMB 132,803,805 thousand, up from RMB 109,198,772 thousand at the end of the previous year[14] Production and Sales - The wafer service segment accounted for 92.5% of total revenue in Q3 2022, down from 94.1% in Q2 2022[10] - In Q3 2022, the company sold 1,797,671 wafers, a decrease from 1,886,530 in Q2 2022 but an increase from 1,719,743 in Q3 2021[12] - The monthly production capacity reached 706,000 wafers in Q3 2022, up from 673,750 in Q2 2022 and significantly higher than 593,875 in Q3 2021[12] - The capacity utilization rate was 92.1% in Q3 2022, down from 97.1% in Q2 2022 and 100.3% in Q3 2021[12] Capital Expenditure - Capital expenditure for 2022 has been raised from RMB 32.05 billion to RMB 45.6 billion, primarily for advance payments on long-lead equipment[6] - Capital expenditure for Q3 2022 was RMB 12,471 million, compared to RMB 11,067 million in Q2 2022 and RMB 6,988 million in Q3 2021[12] Other Information - The company has not disclosed any new product or technology developments in this report[21] - There are no significant mergers or acquisitions reported during the quarter[21]