MXEP(SH:600101)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 646,870,926.48, representing a year-on-year increase of 20.38%[4] - Net profit attributable to shareholders for Q3 2022 reached CNY 69,015,472.57, a significant increase of 69.66% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 67,169,839.50, up by 65.09% year-on-year[4] - The basic earnings per share for Q3 2022 was CNY 0.1638, reflecting a growth of 69.74% compared to the previous year[5] - Total operating revenue for the first three quarters of 2022 reached ¥1,711,835,070.76, a 25.8% increase from ¥1,361,306,304.49 in the same period of 2021[18] - Net profit for the first three quarters of 2022 was ¥146,989,707.47, representing a 44.2% increase compared to ¥101,897,804.44 in the previous year[19] - Earnings per share (EPS) for the first three quarters of 2022 was ¥0.3512, compared to ¥0.2430 in the same period of 2021, marking a 44.5% increase[19] - The company reported a total profit of ¥170,150,297.52 for the first three quarters of 2022, up 35.3% from ¥125,775,649.83 in the same period of 2021[19] Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 3,926,838,141.71, an increase of 9.62% from the end of the previous year[5] - As of September 30, 2022, the total assets of Sichuan Mingxing Electric Power Co., Ltd. amounted to CNY 3,926,838,141.71, an increase from CNY 3,582,078,599.34 in the previous year[13] - The company's current assets totaled CNY 1,341,164,512.67, up from CNY 1,026,097,589.85 year-over-year, reflecting a growth of approximately 30.7%[13] - Total liabilities increased to CNY 1,284,264,467.96 from CNY 1,043,170,963.31, reflecting a rise of approximately 23.1%[15] - The company's equity attributable to shareholders rose to CNY 2,642,573,673.75 from CNY 2,528,897,984.18, an increase of about 4.5%[15] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 358,554,237.67, showing a growth of 62.61%[4] - Cash flow from operating activities for the first three quarters of 2022 was ¥358,554,237.67, up from ¥220,504,518.98 in the previous year, indicating a 62.7% increase[21] - Cash and cash equivalents at the end of the third quarter of 2022 totaled ¥992,113,980.29, compared to ¥912,193,607.21 at the end of the same period in 2021, reflecting an increase of 8.8%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,266[10] - The largest shareholder, State Grid Sichuan Electric Power Company, held 20.07% of the shares, totaling 84,591,126 shares[10] Research and Development - Research and development expenses increased significantly to ¥41,901.37 from ¥9,801.98, showing a growth of 327.5% year-on-year[18] Tax and Investment - The company experienced a decrease in tax expenses, which amounted to ¥23,160,590.05, down from ¥23,877,845.39 in the previous year, a decline of 3.0%[19] - The company’s investment activities resulted in a net cash outflow of ¥208,966,268.08 for the first three quarters of 2022, compared to a net outflow of ¥117,393,267.87 in the same period of 2021[22] Market and Demand - The company attributed the increase in net profit to the rising electricity demand from newly added industrial enterprises in the service area[8] - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[12]