KSTAR(SZ:002518)2022-10-21 16:00Financial Performance - The company's revenue for Q3 2022 reached ¥1,218,462,432.77, representing an increase of 85.34% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥228,670,309.78, up 123.44% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥209,765,122.47, reflecting a significant increase of 176.05% compared to the previous year[5]. - Basic earnings per share for the period was ¥0.40, a rise of 135.29% year-on-year[5]. - Total operating revenue for the current period reached ¥2,739,526,895.43, a significant increase of 48.3% compared to ¥1,847,676,820.79 in the previous period[29]. - Net profit for the current period was ¥457,520,933.28, representing a 63.4% increase from ¥280,107,459.07 in the same period last year[32]. - Basic and diluted earnings per share were both ¥0.77, compared to ¥0.48 in the previous period, reflecting a 60.4% increase[34]. - The total comprehensive income for the current period was ¥457,270,118.35, compared to ¥280,112,721.63 in the previous period, reflecting a 63.4% increase[34]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥394,649,763.28, showing a growth of 74.02% compared to the same period last year[5]. - Net cash flow from operating activities increased to $394,649,763.28, up from $226,779,019.29, representing a growth of 74% year-over-year[38]. - Cash inflow from operating activities totaled ¥2,900,291,815.92, an increase of 45.3% from ¥1,995,300,137.41 in the prior year[35]. - The company reported a net cash inflow from sales of goods and services of ¥2,675,648,677.53, compared to ¥1,892,556,094.58 in the prior year, a growth of 41.4%[35]. - Total cash inflow from investment activities reached $2,420,798,210.07, compared to $1,547,247,745.74, marking a 56% increase[38]. - Cash outflow for investment activities was $2,275,188,499.79, up from $1,767,497,484.23, indicating a 29% rise[38]. - Net cash flow from investment activities improved to $145,609,710.28, recovering from a negative $220,249,738.49 in the previous period[38]. - Cash inflow from financing activities totaled $80,660,777.52, an increase from $44,747,125.28, reflecting an 80% growth[38]. - Cash outflow for financing activities increased to $260,949,499.23, compared to $150,880,401.33, a rise of 73%[38]. - Net cash flow from financing activities was negative at -$180,288,721.71, worsening from -$106,133,276.05[38]. - The impact of exchange rate changes on cash and cash equivalents was positive at $4,207,649.69, compared to a negative impact of -$1,444,479.15[38]. - The ending balance of cash and cash equivalents was $728,942,088.98, up from $422,394,469.39, showing a significant increase[38]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,604,029,265.89, an increase of 13.20% from the end of the previous year[5]. - The total current assets increased to CNY 3,940,970,978.19, up from CNY 3,314,907,932.73, reflecting a growth of approximately 18.8%[24]. - The company's total assets reached CNY 5,604,029,265.89, up from CNY 4,950,552,511.38, reflecting an increase of approximately 13.2%[28]. - The total liabilities increased to CNY 2,189,425,601.31 from CNY 1,847,662,691.65, marking an increase of about 18.5%[28]. - Inventory levels increased to CNY 854,977,104.33 from CNY 675,989,398.35, representing a growth of approximately 26.5%[21]. - The company reported a significant increase in accounts receivable, which rose to CNY 1,176,058,352.19 from CNY 961,709,882.04, an increase of approximately 22.3%[21]. Government Subsidies and Other Income - The total non-recurring gains and losses for the period amounted to ¥18,905,187.31, with government subsidies contributing significantly to this figure[8]. - The company received government subsidies, contributing to a 35.12% increase in other income to CNY 27,321,378.17[12]. - Other income for the current period was ¥27,321,378.17, up from ¥20,219,999.51 in the previous period, indicating a 35.0% increase[32]. Market Expansion and Investments - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5]. - The company plans to continue expanding its market presence and investing in new technologies and products[12]. - The company established a wholly-owned subsidiary in Vietnam to expand its overseas operations, with the factory currently under construction[19]. - The company acquired 80% of the joint venture with CATL, which focuses on energy storage and charging solutions, with the first phase of the project now operational[19]. - The company is in the process of integrating its new energy-related businesses, as approved in a board meeting held on August 31, 2022[19]. Costs and Expenses - Operating costs rose by 54.98% to CNY 1,895,308,244.11, primarily due to rising raw material prices and increased shipment volume[12]. - The company reported a 53.48% increase in income tax expenses to CNY 82,188,209.93, reflecting higher total profit[12]. - Research and development expenses were ¥103,452,192.61, down 14.9% from ¥121,632,996.41 in the previous period[29]. - Tax expenses increased to ¥82,188,209.93, compared to ¥53,550,138.83 in the same period last year, marking a 53.5% rise[32]. - Financial expenses showed a significant decrease of 4742.27%, resulting in a gain of CNY -37,202,744.07, influenced by exchange rate changes[12]. Audit and Reporting - The third quarter report was not audited, indicating a need for further scrutiny in financial reporting[39].