SLSVC(SH:600123)2022-10-30 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥3,785,558,627.86, representing a year-on-year increase of 6.70%[2] - The net profit attributable to shareholders for the same period was ¥771,881,233.30, an increase of 8.39% year-on-year[2] - The net profit after deducting non-recurring gains and losses reached ¥936,271,575.22, marking a significant increase of 31.30% compared to the previous year[2] - Total operating revenue for the first three quarters of 2022 reached CNY 11,443,870,559.21, an increase of 30% compared to CNY 8,811,115,757.72 in the same period of 2021[17] - Net profit for the first three quarters of 2022 was CNY 2,922,068,271.96, up 147% from CNY 1,183,925,951.50 in the previous year[17] - Operating profit for the first three quarters of 2022 was CNY 4,411,209,955.50, compared to CNY 1,800,052,524.67 in the same period of 2021, reflecting a significant increase[17] - The company's total profit for the first three quarters of 2022 was ¥3,081,489,735.01, compared to ¥1,914,682,863.76 in 2021, reflecting a growth of 60.8%[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥30,965,956,607.48, reflecting a growth of 7.80% from the end of the previous year[4] - Total assets as of the end of the third quarter of 2022 amounted to CNY 30,965,956,607.48, compared to CNY 28,725,813,664.54 at the end of the third quarter of 2021[16] - Total liabilities increased to CNY 15,915,099,416.68 in 2022 from CNY 15,828,011,735.73 in 2021, showing a slight rise in financial obligations[16] - The total liabilities increased to CNY 13,151,901,103.61 as of September 30, 2022, from CNY 11,599,541,792.50 at the end of 2021, marking an increase of about 13%[22] Cash Flow - Cash and cash equivalents increased by 96.22%, primarily due to the rise in net profit[6] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 5,233,551,428.91, a significant increase from CNY 1,437,736,563.74 in the same period of 2021, representing a growth of approximately 264%[19] - The cash inflow from operating activities totaled ¥9,499,186,880.81, compared to ¥4,953,640,329.62 in the previous year, representing an increase of 91.7%[25] Research and Development - Research and development expenses surged by 173.16%, mainly due to higher salaries for R&D personnel[8] - Research and development expenses increased to CNY 34,784,159.04 in 2022 from CNY 12,734,093.43 in 2021, indicating a focus on innovation[17] - Research and development expenses increased to ¥34,455,034.89 in the first three quarters of 2022, up from ¥12,734,093.43 in the same period of 2021, marking a growth of 171.5%[23] Equity and Earnings - The company's basic earnings per share for Q3 2022 was ¥0.6757, up 8.41% year-on-year[2] - The weighted average return on equity was 5.74%, a decrease of 0.69 percentage points compared to the previous year[2] - The company's total equity reached CNY 15,050,857,190.80, up from CNY 12,897,801,928.81 in the previous year, indicating growth in shareholder value[16] - The total equity increased to CNY 18,758,758,639.85 as of September 30, 2022, compared to CNY 17,079,944,123.31 at the end of 2021, indicating a growth of about 10%[22] Inventory and Receivables - The inventory value as of September 30, 2022, was ¥726,328,178.20, compared to ¥607,219,517.91 in the previous year, showing an increase of about 20%[14] - The company's accounts receivable increased to ¥140,744,874.10 from ¥99,880,813.21, marking a growth of approximately 41%[14] - The company’s inventory as of September 30, 2022, was CNY 394,821,925.01, up from CNY 276,501,082.97 at the end of 2021, representing an increase of approximately 43%[20] Operational Changes - The company plans to shut down and relocate the old factory due to safety concerns, which has been approved by the board of directors[13] - The company has agreed to compensate for the relocation of the old factory of Lanhua Nano Company, with the assessed loss amounting to ¥217,522,900, based on the market value as of December 31, 2021[13]