AVICOPTER(SH:600038)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥5,192,796,314.52, representing a year-on-year increase of 34.47%[3] - Net profit attributable to shareholders was ¥166,728,124.65, a significant increase of 433.46% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥162,904,941.08, reflecting a year-on-year growth of 707.27%[3] - Basic and diluted earnings per share for the quarter were both ¥0.2828, up 433.46% from the previous year[3] - Total operating revenue for the first three quarters of 2023 reached ¥15,750,582,912.88, a significant increase of 48.5% compared to ¥10,613,083,580.88 in the same period of 2022[13] - Net profit attributable to shareholders of the parent company for Q3 2023 was ¥292,689,201.30, up from ¥48,450,503.53 in Q3 2022, representing a growth of 504.5%[15] - The total comprehensive income for Q3 2023 was ¥280,068,273.45, compared to ¥40,254,659.66 in Q3 2022, indicating a substantial increase of 594.5%[15] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥31,259,350,367.33, an increase of 12.68% compared to the end of the previous year[4] - As of September 30, 2023, total current assets amount to RMB 27,862,691,198.78, an increase from RMB 24,234,027,964.04 at the end of 2022[11] - Total assets as of September 30, 2023, are RMB 31,259,350,367.33, up from RMB 27,741,370,495.74 at the end of 2022[11] - Total liabilities increased to RMB 18,975,341,687.79 from RMB 16,670,399,882.25 compared to the previous year[11] - Total liabilities as of Q3 2023 were ¥21,050,891,323.75, compared to ¥17,683,853,848.53 at the end of Q3 2022, reflecting an increase of 19.5%[12] - The total non-current liabilities as of Q3 2023 were ¥2,075,549,635.96, compared to ¥1,013,453,966.28 in Q3 2022, marking an increase of 104.5%[12] Cash Flow - The company reported a net cash outflow from operating activities of ¥-1,842,422,090.72, an improvement from the previous year's outflow of ¥-3,328,502,638.02[6] - The company reported a net cash flow from operating activities of -¥1,842,422,090.72 for the first three quarters of 2023, an improvement from -¥3,328,502,638.02 in the same period of 2022[17] - The company's cash and cash equivalents decreased to RMB 1,744,082,441.09 from RMB 2,117,355,200.26 year-over-year[11] - The company’s cash and cash equivalents at the end of Q3 2023 were ¥1,698,997,480.74, down from ¥1,105,404,843.89 at the end of Q3 2022[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 51,267, with the top ten shareholders holding a combined 46.05% of shares[9] - The largest shareholder, China Aviation Technology Industry Company, holds 271,431,658 shares, representing 46.05% of total shares[10] - The company’s equity attributable to shareholders increased to ¥9,917,269,875.00, marking a growth of 1.68%[4] - The company’s total equity attributable to shareholders of the parent company was ¥9,917,269,875.00 as of Q3 2023, up from ¥9,753,705,542.29 in Q3 2022, reflecting a growth of 1.7%[12] Research and Development - Research and development expenses increased by 57.42% year-on-year, indicating a stronger focus on innovation[6] - Research and development expenses for the first three quarters of 2023 amounted to ¥436,217,171.26, an increase of 57.6% from ¥277,104,794.51 in the same period of 2022[13] Accounts Receivable and Inventory - The company experienced a 71.41% increase in accounts receivable, attributed to higher product delivery volumes and revenue recognition[6] - Accounts receivable increased significantly to RMB 10,153,061,446.05 from RMB 5,923,237,283.38 compared to the previous year[11] - The company reported a significant increase in inventory, totaling RMB 12,764,755,814.96, compared to RMB 12,656,949,499.31 at the end of 2022[11] Borrowings - Short-term borrowings rose by 100.08%, reflecting the need for additional financing during the period[6] - Short-term borrowings rose to RMB 1,766,011,225.63 from RMB 882,671,222.24 year-over-year[11] Strategic Developments - The company has not disclosed any significant new strategies or product developments in the current report[10]