KINGFA(SH:600143)2022-10-24 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥9,848,276,061.77, a decrease of 4.44% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2022 was ¥400,916,801.33, an increase of 167.59% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥231,715,929.71, up by 2.19% compared to the same period last year[4]. - The basic earnings per share for Q3 2022 was ¥0.1558, reflecting a year-on-year increase of 167.59%[5]. - The diluted earnings per share for Q3 2022 was also ¥0.1558, with the same year-on-year increase of 167.59%[5]. - The weighted average return on equity for Q3 2022 was 2.59%, an increase of 1.59 percentage points year-on-year[5]. - Total operating revenue for the first three quarters of 2022 was CNY 29,315,072,058.40, a decrease of 0.94% compared to CNY 29,593,491,981.42 in the same period of 2021[21]. - The company reported a decrease of 30.49% in net profit attributable to shareholders for the year-to-date period compared to the same period last year[7]. - In Q3 2022, the net profit was CNY 1,200,334,676.05, a decrease of 30.9% compared to CNY 1,740,973,390.93 in Q3 2021[22]. - The total profit for Q3 2022 was CNY 1,507,231,508.63, down from CNY 2,085,772,427.71 in the same period last year, representing a decline of 27.7%[22]. - The operating profit for Q3 2022 was CNY 1,519,855,620.27, compared to CNY 2,102,050,935.19 in Q3 2021, reflecting a decrease of 27.7%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥2,596,637,906.28, an increase of 75.83% year-on-year[5]. - The cash flow from operating activities for the first three quarters of 2022 was CNY 26,233,784,274.10, slightly down from CNY 26,276,109,176.10 in the same period of 2021[24]. - The net cash flow from operating activities in Q3 2022 was CNY 2,596,637,906.28, an increase of 76.0% compared to CNY 1,476,767,198.54 in Q3 2021[26]. - The cash inflow from operating activities totaled CNY 16.45 billion, down 8.4% from CNY 17.96 billion in the first three quarters of 2021[34]. - Cash outflow from operating activities decreased to CNY 15.19 billion, compared to CNY 17.99 billion in the same period of 2021, reflecting improved operational efficiency[34]. - The company reported a net increase in cash and cash equivalents of CNY 223.61 million, contrasting with a decrease of CNY 193.73 million in the same period of 2021[35]. - The ending balance of cash and cash equivalents was CNY 2.26 billion, up from CNY 1.93 billion at the end of the third quarter of 2021[35]. Assets and Liabilities - Total assets attributable to shareholders at the end of the reporting period were ¥54,006,043,451.69, an increase of 11.81% compared to the end of the previous year[5]. - Total assets reached CNY 54,006,043,451.69, an increase from CNY 48,300,022,105.82 year-on-year[20]. - Total liabilities amounted to CNY 36,249,090,749.48, up from CNY 31,580,711,973.16 in the previous year[19]. - The company's total equity as of September 30, 2022, was RMB 10.09 billion, up from RMB 8.95 billion at the end of 2021, indicating an increase of about 12.7%[30]. - The company's cash and cash equivalents amounted to RMB 2.28 billion as of September 30, 2022, up from RMB 2.06 billion at the end of 2021, marking an increase of approximately 10.6%[29]. - The total liabilities of the company were RMB 19.77 billion as of September 30, 2022, compared to RMB 18.54 billion at the end of 2021, representing an increase of about 6.6%[30]. Investments and Projects - The company has invested approximately RMB 2.52 billion in the 1.2 million tons/year polypropylene thermoplastic elastomer (PTPE) and modified materials integration project, completing 36.9% of the total estimated investment by September 30, 2022[13]. - The glove production project has completed the construction of 64 out of 96 production lines, with each line designed for a daily capacity of 800,000 to 1.2 million units[14]. - The ABS and supporting facilities project has accumulated an investment of RMB 8.786 billion, with all construction work completed and some production lines in trial production[15]. - The company is adjusting its investment strategy based on future market conditions for ongoing projects[14]. Research and Development - Research and development expenses for the first three quarters were CNY 992,909,942.97, down 9.45% from CNY 1,096,434,527.44 in the previous year[21]. - Research and development expenses for the first three quarters of 2022 totaled RMB 382.84 million, down from RMB 473.24 million in the same period of 2021, a decrease of about 19.1%[31]. Other Comprehensive Income - The company reported a decrease in other comprehensive income after tax to CNY 19,124,239.19 in Q3 2022 from CNY 215,429.97 in Q3 2021[22].