COMEC(SH:600685)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥3,790,016,353.59, representing a 25.16% increase compared to ¥3,028,204,232.73 in the same period last year[4] - The net profit attributable to shareholders for Q3 2023 was ¥11,534,072.30, a significant increase of 139.61% from ¥4,840,673.68 in the previous year[4] - The basic earnings per share for Q3 2023 was ¥0.0082, up 141.18% from ¥0.0034 in the same period last year[5] - Operating revenue increased by 33.88% year-on-year due to steady production growth and an increase in completed products meeting revenue recognition criteria[10] - Net profit attributable to shareholders increased by 139.61% in the current reporting period, driven by improved overall profit margins and increased gross profit from recognized products[10] - Basic and diluted earnings per share for the current reporting period rose by 141.18% year-on-year, reflecting a significant increase in net income[10] - Net profit for Q3 2023 was ¥34,160,134.30, slightly down from ¥34,971,665.03 in Q3 2022[23] Cash Flow and Operating Activities - The company’s cash flow from operating activities for the year-to-date was ¥326,330,796.17, a significant improvement from -¥686,823,270.60 in the previous year[5] - Net cash flow from operating activities was CNY 326,330,796.17, a significant improvement compared to a net outflow of CNY -686,823,270.60 in Q3 2022[26] - Cash inflow from financing activities amounted to CNY 2,846,000,000.00, a decrease from CNY 4,395,286,000.00 in the same quarter last year[28] - The ending balance of cash and cash equivalents was CNY 7,088,553,064.79, an increase from CNY 5,122,149,543.73 at the end of Q3 2022[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥49,403,469,252.19, reflecting a 6.22% increase from ¥46,479,786,644.65 at the end of the previous year[5] - The total liabilities increased to CNY 24.92 billion, up from CNY 24.36 billion, reflecting a growth of 2.31%[19] - The company's total liabilities increased to ¥30,044,098,188.95 in Q3 2023, compared to ¥27,756,614,043.84 in Q3 2022[20] - Total equity attributable to shareholders at the end of the reporting period was ¥16,183,764,818.64, an increase of 3.82% from ¥15,588,030,556.81 at the end of the previous year[5] - Total equity attributable to shareholders reached ¥16,183,764,818.64, up from ¥15,588,602,692.22 in the previous year[20] Inventory and Receivables - Accounts receivable increased by 83.89% year-on-year, indicating a rise in amounts not yet collected at the reporting date[14] - Inventory rose by 37.76% year-on-year, reflecting an increase in work-in-progress that has not yet met revenue recognition criteria[14] - Inventory levels rose to CNY 5.99 billion, a 37.73% increase from CNY 4.35 billion in the previous year, suggesting higher production output[18] Borrowings and Financial Management - Short-term borrowings decreased by 74.09% year-on-year, as the company repaid loans due to financial institutions[14] - Long-term borrowings increased by 67.05% to CNY 3.73 billion from CNY 2.23 billion year-over-year, indicating enhanced financing capabilities[16] - The company reported a decrease in deferred income by 45.57% to CNY 47.72 million, reflecting a reduction in unrecognized government grants[16] - Financial expenses improved, with a net income of CNY -280.79 million, compared to CNY -407.21 million in the previous year, indicating better management of interest and exchange rate impacts[16] Other Comprehensive Income and Investment - The company’s other comprehensive income increased by 62.67% to CNY 2.36 billion, driven by the rise in fair value of held stocks[16] - The company reported a loss of CNY -2.86 million compared to a loss of CNY -34.48 million in the previous year, indicating better performance in financial asset management[16] Research and Development - Research and development expenses for Q3 2023 were ¥414,659,147.83, an increase from ¥356,591,033.11 in Q3 2022[22]