AEROSPACE POWER(SH:600343)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥371,372,795.83, representing a year-over-year increase of 36.71%[5] - The net profit attributable to shareholders for Q3 2022 was ¥4,569,487.25, while the net profit for the year-to-date period was -¥17,178,758.43[5] - The basic and diluted earnings per share for Q3 2022 were both ¥0.007160, compared to -¥0.026917 for the same period last year[6] - Total operating revenue for the first three quarters of 2022 reached ¥882,290,126.06, an increase of 12.3% compared to ¥785,806,900.16 in the same period of 2021[20] - The net profit for the third quarter of 2022 was -¥10,545,829.15, compared to -¥79,526,327.68 in the same quarter of 2021, indicating a significant reduction in losses[23] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥3,806,526,171.66, reflecting a 3.76% increase from the end of the previous year[6] - The total liabilities as of the third quarter of 2022 amounted to ¥1,557,552,264.09, an increase from ¥1,504,415,384.28 in the previous year[19] - The company's total current assets as of September 30, 2022, amount to ¥2,676,723,836.97, an increase from ¥2,491,364,911.49 at the end of 2021[17] - The total equity attributable to shareholders decreased by 0.99% to ¥1,871,073,362.05 compared to the previous year[6] - The total equity attributable to shareholders of the parent company was ¥1,871,073,362.05, a slight decrease from ¥1,889,875,757.48 year-over-year[19] Cash Flow - The company's cash flow from operating activities for the year-to-date period was -¥115,443,232.43[5] - The company reported a cash inflow from operating activities of ¥838,249,917.05 for the first three quarters of 2022, compared to ¥664,904,080.04 in the same period of 2021, marking a growth of 26.0%[25] - Operating cash inflow totaled CNY 849,458,552.72, an increase from CNY 680,353,219.01 in the previous year, representing a growth of approximately 25%[27] - Operating cash outflow amounted to CNY 964,901,785.15, up from CNY 746,677,175.91, indicating a rise of about 29%[27] - Net cash flow from operating activities was CNY -115,443,232.43, worsening from CNY -66,323,956.90 year-over-year[27] Investments and Expenses - Research and development expenses increased by 35.07% due to higher spending by subsidiaries Baoji Pump Industry and Xi'an Huawai[11] - Research and development expenses for the first three quarters of 2022 were ¥31,215,445.38, up from ¥23,110,607.17 in the same period of 2021, reflecting a growth of 35.1%[20] - The company reported a significant increase of 971.15% in construction in progress, attributed to fixed asset investments by Baoji Pump Industry[11] - Total operating costs for the first three quarters of 2022 were ¥916,028,568.01, up from ¥868,771,854.56 in the previous year, reflecting a rise of 5.5%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 80,789[13] - The largest shareholder, Xi'an Aerospace Technology Industry Co., Ltd., holds 183,663,392 shares, accounting for 28.78% of total shares[13] Cash and Equivalents - Cash and cash equivalents decreased to ¥644,032,823.58 from ¥717,114,900.60 year-over-year[15] - The ending cash and cash equivalents balance increased to CNY 632,695,330.27 from CNY 289,566,857.08, marking a substantial improvement[28] Government Support - The company received government subsidies amounting to ¥4,679,249.90 during the quarter, contributing to its non-recurring gains[7] Other Observations - The company has no significant new product or technology developments mentioned in the reports[14] - There are no new strategies or market expansions indicated in the current reports[14] - The company plans to continue focusing on market expansion and new product development to drive future growth[21]