COMEC(SH:600685)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥3,028,204,232.73, representing a year-on-year increase of 42.43%[4] - The net profit attributable to shareholders for Q3 2022 was ¥4,840,673.68, a decrease of 95.21% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥25,046,397.09, down 72.52% year-on-year[4] - The basic earnings per share for Q3 2022 was ¥0.0034, a decrease of 95.24% compared to the same period last year[5] - The net profit for Q3 2022 was approximately ¥34.98 million, a significant improvement compared to a net loss of ¥19.86 million in the same period last year[21] - The total operating profit for Q3 2022 was ¥47.20 million, compared to an operating loss of ¥34.80 million in Q3 2021[21] - Basic earnings per share for Q3 2022 were ¥0.0168, an increase from ¥0.0043 in Q3 2021[22] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥48,282,913,668.68, an increase of 9.08% from the end of the previous year[5] - The total assets of the company reached ¥48,282,913,668.68 as of September 30, 2022, compared to ¥44,265,408,872.54 at the end of 2021, indicating an increase of 9.1%[18] - The total liabilities increased to ¥30,147,028,446.90 as of September 30, 2022, from ¥25,594,590,394.26 at the end of 2021, reflecting a growth of 17.5%[19] - The company's long-term borrowings decreased to ¥2,517,461,615.55 as of September 30, 2022, from ¥3,189,417,299.77 at the end of 2021, a reduction of 21.0%[19] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥686,823,270.60[4] - Net cash flow from operating activities was negative at -¥686,823,270.60, an improvement from -¥1,179,912,551.66 in the previous year[10] - Net cash flow from financing activities improved to ¥882,599,669.69 from -¥1,136,931,576.36, reflecting an increase in net short-term borrowings[10] - Cash flow from operating activities for the first three quarters of 2022 was ¥10.88 billion, up from ¥9.99 billion in the same period of 2021[23] - The company reported a net cash outflow from investing activities of approximately ¥574.15 million in Q3 2022, compared to a net outflow of ¥203.64 million in Q3 2021[24] Inventory and Receivables - Inventory rose by 51.17% to ¥7,441,977,947.78 from ¥4,922,901,059.95, driven by increased product obligations not yet recognized as revenue[9] - Accounts receivable increased by 86.39% to ¥153,458,217.69 from ¥82,331,260.05, attributed to reclassification of receivables[9] Government Subsidies and Other Income - The company received government subsidies totaling ¥27,023,982.30, which are closely related to its normal business operations[8] - Other income increased by 31.87% to ¥78,497,016.91 from ¥59,525,716.12, primarily due to higher government subsidies[9] - The company reported a significant increase in other income, totaling ¥3.02 million in Q3 2022, compared to ¥9.49 million in the previous year[21] Research and Development - Research and development expenses for the first three quarters of 2022 were ¥356,591,033.11, down from ¥417,252,568.70 in 2021, showing a decrease of 14.5%[20]