AVICHM(SH:600765)2022-10-30 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥2,640,899,021.19, representing a year-on-year increase of 26.33%[6] - The net profit attributable to shareholders for the same period was ¥355,348,850.25, up 4.99% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥351,187,160.65, reflecting an increase of 8.33% compared to the previous year[6] - The basic earnings per share for Q3 2022 was ¥0.24, a 40.91% increase from the same period last year[7] - Total operating revenue for the first three quarters of 2022 reached ¥7,718,339,155.80, an increase from ¥6,522,233,795.43 in the same period of 2021, representing a growth of approximately 18.4%[25] - Net profit for the first three quarters of 2022 was ¥1,016,028,811.66, up from ¥726,405,853.14 in 2021, reflecting a growth of approximately 39.9%[26] - The total comprehensive income for the period attributable to the parent company was CNY 915,583,203.22, an increase from CNY 598,358,063.47 in the same period last year, representing a growth of approximately 53.0%[27] - Basic and diluted earnings per share increased to CNY 0.62 from CNY 0.44, reflecting a rise of 40.9% year-over-year[27] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥20,907,818,087.99, which is a 6.21% increase from the end of the previous year[7] - The company's total liabilities as of the third quarter of 2022 amounted to ¥10,236,880,062.12, compared to ¥9,848,963,706.24 in the previous year, showing an increase of about 3.9%[21] - The total equity attributable to shareholders reached ¥10,108,729,004.58, up from ¥9,359,613,483.20 in the same period last year, marking an increase of approximately 8%[21] - The company reported a significant increase in accounts payable, which rose to ¥3,480,556,721.22 from ¥2,290,687,037.90, representing an increase of about 52%[20] Cash Flow - The company reported a cash flow from operating activities net amount of -¥307,849,158.61 for the year-to-date[7] - Net cash flow from operating activities was negative at CNY -307,849,158.61, a significant decline compared to CNY 1,034,756,782.72 in the previous year[30] - Cash inflow from operating activities totaled CNY 5,022,628,831.85, down 8.5% from CNY 5,490,736,064.89 in the same period last year[30] - Cash outflow from operating activities increased to CNY 5,330,477,990.46, up 19.5% from CNY 4,455,979,282.17 year-over-year[30] - The net cash flow from investing activities was CNY -610,025,352.82, worsening from CNY -15,911,053.38 in the previous year[30] - Cash inflow from financing activities was CNY 573,417,291.18, a decrease of 78.4% compared to CNY 2,649,905,607.02 in the same period last year[31] - The company repaid debts amounting to CNY 663,169,783.32, down from CNY 1,065,533,783.32 in the previous year[31] - The ending balance of cash and cash equivalents was CNY 4,820,460,912.09, a decrease from CNY 5,472,122,824.73 year-over-year[31] Market and Operational Insights - The company experienced a 50.46% increase in net profit attributable to shareholders year-to-date, driven by revenue growth and lower cost increases[11] - The company has seen an increase in market orders and improved product delivery capabilities, contributing to revenue growth[11] - The company has shown a commitment to R&D, with expenses reported at ¥212,678,532.56 for the first three quarters of 2022, compared to ¥197,415,262.75 in 2021, indicating a focus on innovation and product development[25] - The company plans to continue expanding its market presence and enhancing its product offerings, as indicated by the increase in both revenue and net profit, suggesting a positive outlook for future performance[26] Asset Composition - Current assets totaled RMB 16,206,797,122.08, compared to RMB 15,383,819,136.19 in the previous year, indicating an increase of about 5.3%[19] - Cash and cash equivalents decreased to RMB 4,925,157,401.31 from RMB 6,130,360,471.08, representing a decline of approximately 19.7%[19] - Accounts receivable rose to RMB 4,903,797,113.46, up from RMB 2,635,413,215.29, marking an increase of around 86.1%[19] - Inventory increased to RMB 3,587,363,686.76 from RMB 3,232,108,027.31, which is an increase of about 11.0%[19] - Non-current assets totaled RMB 4,701,020,965.91, up from RMB 4,300,926,468.61, reflecting a growth of approximately 9.3%[19] - The company’s long-term equity investments increased to RMB 783,366,776.76 from RMB 731,005,528.85, showing a rise of about 7.2%[19] - Short-term borrowings decreased to RMB 339,850,000.00 from RMB 535,448,707.83, indicating a reduction of approximately 36.5%[19] Governance and Compliance - The company’s commitment to maintaining investor confidence includes a one-year lock-up period for key executives regarding stock transfers[17] - The company emphasizes the importance of insider information management and has implemented measures to prevent leaks of sensitive information[17]