DPC(SH:600405)2022-10-30 16:00Key Financial Data and Analysis This section provides an overview and analysis of the company's core financial performance and position Core Financial Indicators The company reported strong Q3 and year-to-date performance in 2022, with Q3 revenue up 29.51% and net profit attributable to parent company surging by 2,571.75%, achieving a year-to-date profit of CNY 5.357 million Key Financial Indicators for Q3 and First Three Quarters of 2022 | Item | Current Period (Q3) | YoY Change (%) | Year-to-Date (YTD) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 384,068,660.69 CNY | 29.51 | 962,387,926.35 CNY | 28.13 | | Net Profit Attributable to Parent Company Shareholders | 33,093,477.56 CNY | 2,571.75 | 5,357,284.31 CNY | N/A (Turned Loss to Profit) | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-Recurring Items) | 32,662,630.13 CNY | 8,612.15 | 6,632,681.55 CNY | N/A (Turned Loss to Profit) | | Basic Earnings Per Share (CNY/share) | 0.060 | 2,533.40 | 0.010 | N/A (Turned Loss to Profit) | Key Balance Sheet Data at Period End | Item | Current Period End (2022-09-30) | Prior Year End (2021-12-31) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,634,613,280.55 CNY | 2,555,972,670.81 CNY | 3.08 | | Total Equity Attributable to Parent Company Shareholders | 901,048,095.71 CNY | 895,001,307.29 CNY | 0.68 | Non-Recurring Gains and Losses In the first three quarters of 2022, the company's total non-recurring gains and losses were -CNY 1.275 million, mainly from government grants and net non-operating income/expenses, with Q3 non-recurring gains and losses at CNY 0.431 million Details of Non-Recurring Gains and Losses for 2022 (Year-to-Date) | Item | Year-to-Date Amount (CNY) | | :--- | :--- | | Disposal gains/losses on non-current assets | -92,754.61 | | Government grants recognized in current profit or loss | 3,312,358.55 | | Fair value changes and disposal gains/losses of financial assets/liabilities | -448,026.61 | | Other non-operating income and expenses | -4,046,974.57 | | Total | -1,275,397.24 | Analysis of Changes in Key Financial Data The company attributes significant growth in key financial indicators for Q3 and the first three quarters of 2022 to increased overseas order deliveries, directly leading to a turnaround from losses to profits - The company attributes its performance growth, including revenue, net profit, and EPS, primarily to increased overseas order deliveries during the reporting period, leading to a turnaround from losses to profits10 Shareholder Information This section details the company's shareholder structure and major shareholdings Shareholding Status As of Q3 2022, the company had 108,239 common shareholders, with the largest shareholder, Mr. He Zhenya, holding 11.23% (8.16% pledged), indicating a dispersed ownership structure dominated by natural persons among the top ten - At the end of the reporting period, the company had a total of 108,239 common shareholders12 Top Five Shareholders' Shareholding | Shareholder Name | Shareholder Type | Number of Shares Held | Shareholding Percentage (%) | Pledge/Freeze Status | | :--- | :--- | :--- | :--- | :--- | | He Zhenya | Domestic Natural Person | 62,138,615 | 11.23 | Pledged 45,146,728 | | Tai Lin | Domestic Natural Person | 7,360,000 | 1.33 | None | | Zhou Weijun | Domestic Natural Person | 3,192,703 | 0.58 | None | | Liu Ying | Domestic Natural Person | 1,752,030 | 0.32 | None | | Li Zhe | Domestic Natural Person | 1,471,577 | 0.27 | None | - The company is unaware of any related party relationships or concerted actions among the top ten shareholders12 Quarterly Financial Statements This section presents the company's consolidated financial statements for the quarter Consolidated Balance Sheet As of September 30, 2022, total assets were CNY 2.635 billion, up 3.08% from year-end, with total liabilities at CNY 1.719 billion (debt-to-asset ratio ~65.2%), and key components being accounts receivable, inventory, short-term borrowings, and accounts payable Key Items from Consolidated Balance Sheet (Unit: CNY) | Item | September 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Total Assets | 2,634,613,280.55 | 2,555,972,670.81 | | Accounts Receivable | 816,968,592.08 | 731,012,558.97 | | Inventory | 456,004,865.54 | 480,403,421.14 | | Total Liabilities | 1,718,886,371.46 | 1,648,232,648.05 | | Short-term Borrowings | 453,089,518.56 | 281,452,959.64 | | Accounts Payable | 632,728,547.32 | 618,116,253.31 | | Total Equity Attributable to Parent Company Shareholders | 901,048,095.71 | 895,001,307.29 | Consolidated Income Statement In the first three quarters of 2022, total operating revenue reached CNY 962.388 million, up 28.13% YoY, with effective cost and expense control leading to an operating profit of CNY 7.535 million and a net profit attributable to parent company of CNY 5.357 million, successfully turning around from a prior-year loss Key Items from Consolidated Income Statement (Unit: CNY) | Item | First Three Quarters of 2022 (Jan-Sep) | First Three Quarters of 2021 (Jan-Sep) | | :--- | :--- | :--- | | Total Operating Revenue | 962,387,926.35 | 751,075,493.31 | | Total Operating Costs | 967,815,775.63 | 832,151,495.61 | | Including: Operating Costs | 699,310,926.04 | 522,145,166.92 | | Selling Expenses | 111,364,917.28 | 132,227,754.89 | | Research and Development Expenses | 68,664,391.82 | 75,915,678.47 | | Operating Profit | 7,534,802.94 | -57,204,496.24 | | Net Profit Attributable to Parent Company Shareholders | 5,357,284.31 | -54,880,611.15 | | Basic Earnings Per Share (CNY/share) | 0.010 | -0.099 | Consolidated Cash Flow Statement In the first three quarters of 2022, net cash from operating activities significantly improved to CNY 24.852 million, turning positive due to increased sales collections, while investing activities saw a CNY 65.007 million outflow and financing activities a CNY 55.072 million inflow, resulting in a period-end cash balance of CNY 83.485 million Key Items from Consolidated Cash Flow Statement (Unit: CNY) | Item | First Three Quarters of 2022 (Jan-Sep) | First Three Quarters of 2021 (Jan-Sep) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 24,851,658.00 | -38,842,120.00 | | Net Cash Flow from Investing Activities | -65,007,435.12 | -52,967,479.63 | | Net Cash Flow from Financing Activities | 55,072,376.95 | 63,020,672.86 | | Net Increase in Cash and Cash Equivalents | 17,642,685.49 | -29,750,240.30 | | Cash and Cash Equivalents at Period End | 83,485,290.48 | 55,028,662.98 |