YTCO(SH:600066)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥7,836,767,605.34, representing a year-on-year increase of 61.44%[4] - Net profit attributable to shareholders for the same period was ¥580,150,451.19, a significant increase of 195.88% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥452,991,370.25, reflecting a remarkable increase of 739.40%[4] - Basic earnings per share for Q3 2023 were ¥0.26, an increase of 195.88% compared to the same period last year[4] - Net profit for Q3 2023 was ¥1,062,802,397.31, compared to ¥133,832,402.47 in Q3 2022, marking a substantial increase[13] Cash Flow - The net cash flow from operating activities amounted to ¥2,259,962,577.75, up 63.50% year-on-year[4] - Cash inflow from operating activities totaled CNY 21,619,699,932.77 in Q3 2023, compared to CNY 15,974,323,112.17 in Q3 2022, reflecting a growth of approximately 35.5%[15] - Net cash flow from operating activities for the first three quarters of 2023 was CNY 5,177,048,474.89, up from CNY 434,416,646.87 in the same period of 2022[15] - Cash and cash equivalents at the end of Q3 2023 amounted to CNY 6,664,030,781.92, an increase from CNY 4,091,926,671.84 at the end of Q3 2022[15] - The company distributed dividends and interest payments totaling CNY 2,225,793,524.10 in Q3 2023, compared to CNY 1,117,109,910.59 in Q3 2022[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥30,775,534,659.38, a 2.59% increase from the end of the previous year[4] - Total assets as of September 30, 2023, amounted to ¥30,775,534,659.38, up from ¥29,997,592,329.73 at the end of 2022[11] - Total liabilities increased to ¥17,337,217,462.21 in Q3 2023, compared to ¥15,401,506,730.39 in Q4 2022[11] - The company’s total current liabilities rose to ¥14,278,500,184.30 from ¥12,580,182,786.60 in Q4 2022[11] - The company’s equity attributable to shareholders decreased to ¥13,310,805,697.28 from ¥14,472,626,002.59 at the end of 2022[11] Profitability Metrics - The weighted average return on equity increased by 6.60 percentage points to 7.50% year-to-date[4] - The company reported a gross profit margin of approximately 5.6% for Q3 2023, compared to 5.1% in Q3 2022[13] Research and Development - Research and development expenses for the first three quarters of 2023 were ¥1,084,908,836.57, slightly down from ¥1,178,686,030.13 in the same period of 2022[13] Market and Future Outlook - The company reported a substantial increase in demand for buses, leading to higher sales volumes during the reporting period[6] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[12] Non-Recurring Items - Non-recurring gains and losses for Q3 2023 totaled ¥127,159,080.94, with government subsidies contributing significantly to this figure[5] Cash Flow from Investments and Financing - Cash flow from investment activities showed a net outflow of CNY 3,284,757,323.20 in Q3 2023, compared to a smaller outflow of CNY 579,932,831.35 in Q3 2022[15] - The company reported a cash inflow from investment activities of CNY 5,488,615,473.46 in Q3 2023, significantly higher than CNY 2,162,362,113.01 in Q3 2022[15] - The company’s cash flow from financing activities showed a net outflow of CNY 2,222,509,568.13 in Q3 2023, compared to an outflow of CNY 1,431,146,958.74 in Q3 2022[15] Accounting Standards - The company did not apply new accounting standards for the first time in 2023[16]