QCEC(SH:600218)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,137,903,884.70, a decrease of 15.66% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥12,703,204.12, an increase of 207.58% year-on-year, while the net profit excluding non-recurring gains and losses was a loss of ¥8,200,988.17, down 33.19%[5]. - Basic and diluted earnings per share were both ¥0.03, a decrease of 41.94% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2022 was ¥3,974,976,188.31, a decrease of 1.77% compared to ¥4,046,992,838.58 in the same period of 2021[17]. - Net profit for the first three quarters of 2022 was ¥72,396,083.22, down 35.7% from ¥112,580,881.20 in the same period of 2021[18]. - Basic and diluted earnings per share for the first three quarters of 2022 were both ¥0.18, compared to ¥0.31 in the same period of 2021[19]. - The company reported a profit before tax of ¥84,617,593.32, down from ¥123,343,527.92 in the previous year[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,967,062,277.26, a decrease of 1.39% from the end of the previous year[6]. - As of September 30, 2022, total current assets amount to ¥4,645,602,834.38, a decrease from ¥4,784,537,466.38 at the end of 2021[13]. - Total liabilities as of September 30, 2022, are ¥2,833,232,864.37, down from ¥2,947,164,680.02 at the end of 2021[15]. - Total equity attributable to shareholders of the parent company is ¥3,079,005,719.42, compared to ¥3,041,387,922.00 at the end of 2021[15]. - The company reported a total asset value of ¥5,967,062,277.26 as of September 30, 2022, down from ¥6,051,047,418.23 at the end of 2021[15]. - The company has a cash balance of ¥836,685,813.92, down from ¥1,028,288,734.81 at the end of 2021[13]. Cash Flow - The net cash flow from operating activities was ¥75,229,386.34, reflecting an increase in cash received from sales and government subsidies[6]. - Cash inflow from operating activities was ¥3,385,657,523.37, an increase from ¥3,018,590,295.10 in the first three quarters of 2021[20]. - The net cash flow from operating activities for Q3 2022 was $75,229,386.34, a significant improvement compared to a net outflow of $156,797,060.58 in Q3 2021[21]. - The total cash outflow from financing activities was $46,377,324.84, compared to an inflow of $703,839,325.14 in Q3 2021[21]. - The company reported a total operating cash outflow of $3,310,428,137.03, which increased from $3,175,387,355.68 in the previous year[21]. Income and Expenses - The company reported a significant increase in other income by 82.68%, mainly due to increased government subsidies received[9]. - Other income increased to ¥31,486,194.90 from ¥17,235,859.52 year-over-year[17]. - Investment income rose by 185.39%, attributed to an increase in maturity of financial products compared to the previous year[9]. - Investment income rose to ¥14,294,343.03, up from ¥5,008,695.79 in the previous year[17]. - Total operating costs increased to ¥3,922,897,229.72, up 0.49% from ¥3,903,606,162.49 in the previous year[17]. - Cash paid for purchasing goods and services was ¥2,858,844,571.50, compared to ¥2,647,520,109.41 in the same period of 2021[20]. - Research and development expenses decreased to ¥116,855,682.22 from ¥127,219,063.77 in the same period of 2021[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 60,667[11]. - The largest shareholder, Anhui Quanchai Group Co., Ltd., holds 149,483,676 shares, accounting for 34.32% of total shares[11]. Inventory and Investments - Inventory as of September 30, 2022, is ¥733,856,670.04, slightly up from ¥725,367,783.03 at the end of 2021[13]. - The company has ongoing investments in fixed assets totaling ¥888,827,738.78, an increase from ¥857,178,183.30 at the end of 2021[14]. - The cash paid for investment activities totaled $1,934,216,190.01, significantly higher than $806,645,826.89 in the same quarter last year[21]. Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[9].