Avic Hi-Tech(SH:600862)2023-10-23 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥1,210,133,513.34, representing a year-on-year increase of 13.67%[3] - The net profit attributable to shareholders for Q3 2023 was ¥292,991,085.67, a significant increase of 50.06% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥259,868,191.89, reflecting a year-on-year growth of 39.90%[3] - The basic earnings per share for Q3 2023 was ¥0.210, up 50.00% from the previous year[4] - The net profit for the year-to-date period reached ¥844,392,239.12, a year-on-year increase of 25.84%[5] - Total operating revenue for the first three quarters of 2023 reached ¥3,622,570,931.35, an increase of 7.7% compared to ¥3,363,759,414.90 in the same period of 2022[23] - The company's net profit for the first three quarters of 2023 was not explicitly stated but can be inferred from the increase in retained earnings, which rose to ¥1,829,067,762.74 from ¥1,213,384,018.67, a growth of 50.7%[22] - The total profit for Q3 2023 reached CNY 994,324,595.50, up from CNY 789,413,823.01 in the same period last year, reflecting a growth of approximately 26%[24] - Basic earnings per share for Q3 2023 were CNY 0.606, compared to CNY 0.482 in Q3 2022, representing a 26% increase[26] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥8,727,158,039.52, an increase of 14.42% compared to the end of the previous year[4] - The company's total assets as of September 30, 2023, were ¥8,727,158,039.52, compared to ¥7,627,226,009.53 at the end of 2022, representing a growth of 14.4%[22] - Total current assets increased to ¥6,409,320,318.88 from ¥5,332,349,421.73, marking a rise of 20.2% year-on-year[21] - Total liabilities as of September 30, 2023, were ¥2,469,166,081.24, compared to ¥1,987,991,483.81 at the end of 2022, indicating an increase of 24.1%[22] - The company’s total liabilities increased by 110.50 million, mainly due to accounts payable related to the subsidiary Aerospace Industrial Composites[11] Cash Flow - The net cash flow from operating activities for Q3 2023 was -¥39,931,828.59, indicating a significant change from the previous year[4] - The net cash flow from operating activities increased by 131.88 million, a year-on-year increase of 20.92 million, primarily due to an increase in cash recovered from sales[11] - Cash flow from operating activities for the first three quarters of 2023 was CNY 1,971,063,471.52, significantly higher than CNY 1,324,787,088.70 in the same period of 2022, marking a growth of about 49%[27] - The net cash flow from operating activities in Q3 2023 was CNY 367,775,430.43, compared to CNY 158,604,198.85 in Q3 2022, indicating a year-over-year increase of approximately 132%[28] - The company reported a net cash outflow from investing activities of CNY -369,259,429.08 in Q3 2023, compared to a net inflow of CNY 252,285,251.48 in Q3 2022[28] Research and Development - Research and development expenses increased by 35.59%, amounting to 30.01 million, mainly due to a rise in expenses from the subsidiary Aerospace Industrial Composites[11] - Research and development expenses for the first three quarters of 2023 amounted to ¥114,338,321.93, a significant increase of 35.6% compared to ¥84,324,783.00 in the same period of 2022[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 47,937[14] - The company’s retained earnings increased by 50.74%, amounting to 61.57 million, primarily due to profit growth during the reporting period[11] Investment Income - The company reported a non-recurring gain of ¥33,122,893.78 for the year-to-date period, primarily from investment income from non-major equity investments[9] - Investment income increased by 45.88%, amounting to 45.88 million, mainly due to the deconsolidation of Jinghang Bio[11]