SAIC MOTOR(SH:600104)2022-10-28 16:00Financial Performance - Total operating revenue for Q3 2022 was RMB 211.42 billion, an increase of 13.29% year-on-year[4] - Net profit attributable to shareholders for Q3 2022 was RMB 5.74 billion, a decrease of 18.43% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 4.53 billion, down 26.45% year-on-year[4] - Basic earnings per share for the year-to-date period was RMB 1.10, a decrease of 37.49% compared to the previous year[5] - Total operating revenue for Q3 2022 was approximately ¥527.41 billion, a decrease of 4.4% compared to ¥552.71 billion in the same period last year[16] - Net profit for Q3 2022 was approximately ¥17.14 billion, down 40.0% from ¥28.52 billion in Q3 2021[17] - Earnings per share for Q3 2022 were ¥1.099, compared to ¥1.758 in Q3 2021, reflecting a decline of 37.5%[18] - The total comprehensive income for Q3 2022 was approximately ¥11.52 billion, down from ¥30.50 billion in Q3 2021, indicating a decline of 62.2%[18] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period was RMB 5.10 billion, down 26.53% year-on-year[5] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 5,100,229,133.04, a decrease of 26.5% compared to CNY 6,942,004,674.95 in the same period of 2021[20] - Total cash inflow from operating activities was CNY 528,648,528,062.90, down from CNY 547,011,966,578.83 in the previous year, reflecting a decline of approximately 3.3%[20] - The net increase in cash and cash equivalents was CNY 52,813,991,041.67, compared to CNY 12,046,028,669.67 in the same period of 2021, showing a significant improvement[22] - The total cash and cash equivalents at the end of the period reached CNY 179,723,616,095.34, up from CNY 135,893,311,110.23 at the end of the same period last year[22] Assets and Liabilities - Total assets at the end of the reporting period were RMB 967.79 billion, an increase of 5.55% compared to the end of the previous year[5] - The total liabilities of the company as of September 30, 2022, were RMB 613.31 billion, compared to RMB 545.01 billion at the end of 2021, indicating an increase of approximately 12.5%[14] - The company's total assets reached approximately ¥967.79 billion in Q3 2022, compared to ¥916.92 billion in Q3 2021, marking a growth of 5.6%[15] - Total liabilities increased to approximately ¥638.62 billion in Q3 2022, up from ¥588.15 billion in the same period last year, representing an increase of 8.6%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 240,347[8] - The company reported a total of 188.18 million shares repurchased, accounting for 1.61% of the total share capital[9] - The company has completed the transfer of 679.42 million A-shares, representing 5.82% of the total share capital, to China COSCO Shipping Group[10] Challenges and Market Conditions - The company faced challenges due to pandemic lockdowns, supply chain issues, and rising raw material costs, impacting profitability significantly[7] Investment and R&D - Research and development expenses for the first three quarters of 2022 were approximately ¥12.66 billion, slightly up from ¥12.60 billion in the same period last year[16] - The company reported investment income of approximately ¥10.76 billion for Q3 2022, a significant decrease from ¥18.58 billion in Q3 2021[16] Inventory and Equity - The company's inventory as of September 30, 2022, was RMB 92.21 billion, significantly higher than RMB 56.64 billion in the previous year, marking an increase of around 62.9%[14] - The total equity attributable to shareholders was approximately ¥272.84 billion in Q3 2022, a slight decrease from ¥273.77 billion in Q3 2021[15]