MEI YAN(SH:600868)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥156,317,220.76, representing a year-on-year increase of 129.79%[5] - Net profit attributable to shareholders for Q3 2022 was ¥15,187,630.96, up 144.43% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥16,675,185.32, an increase of 195.90% year-on-year[5] - Basic earnings per share for Q3 2022 were ¥0.008, up 144.43% from the previous year[6] - Net profit for Q3 2022 reached ¥55,044,441.54, a significant increase compared to ¥856,896.48 in Q3 2021, representing a growth of approximately 6,335%[22] - Operating profit for Q3 2022 was ¥66,550,200.26, compared to only ¥1,151,500.24 in the same period last year, indicating a substantial improvement[22] - Total comprehensive income for Q3 2022 was ¥55,044,441.54, compared to ¥856,896.48 in the same quarter of the previous year[23] Cash Flow and Investments - The cash flow from operating activities for the year-to-date period reached ¥93,156,061.13, reflecting a significant increase of 1,667.97%[6] - Cash flow from operating activities for Q3 2022 was ¥93,156,061.13, a significant rise from ¥5,269,085.09 in Q3 2021[27] - Investment activities resulted in a net cash outflow of ¥60,017,475.17 for the first nine months of 2022, compared to a larger outflow of ¥211,598,677.72 in the same period last year[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,825,213,055.75, a 1.52% increase from the end of the previous year[6] - The total assets of the company as of September 30, 2022, were RMB 2,825,213,055.75, compared to RMB 2,783,007,765.76 at the end of 2021[19] - The total liabilities decreased to RMB 359,105,206.53 from RMB 368,148,060.72, showing a decline of approximately 2.8%[18] - The company's cash and cash equivalents as of September 30, 2022, amounted to RMB 281,406,017.41, compared to RMB 274,573,438.05 at the end of 2021[16] - The cash and cash equivalents at the end of Q3 2022 amounted to ¥277,485,968.62, slightly down from ¥279,761,403.05 at the end of Q3 2021[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 243,770[13] - The company reported a basic and diluted earnings per share of ¥0.0239 for Q3 2022, compared to a loss per share of ¥0.0008 in Q3 2021[23] Operating Costs and Subsidies - The company's operating costs increased by 173.56% year-on-year, indicating a significant rise in expenses[10] - The company received government subsidies amounting to ¥196,750.27 during the reporting period, contributing to its financial performance[8] Year-to-Date Performance - Total operating revenue for the first three quarters of 2022 reached RMB 356,425,648.09, compared to RMB 129,799,412.17 in the same period of 2021, representing a significant increase[21] - Total operating costs for the first three quarters of 2022 were RMB 280,174,685.79, up from RMB 130,302,617.22 in the previous year[21] - The company's net profit for the first three quarters of 2022 was RMB 16,202,183.36, recovering from a loss of RMB 25,353,305.01 in the same period of 2021[19] Accounts Receivable and Inventory - Accounts receivable increased to RMB 325,833,186.28 as of September 30, 2022, from RMB 218,190,972.45 at the end of 2021, indicating a growth of approximately 49.4%[17] - Inventory decreased to RMB 79,046,221.35 from RMB 119,705,668.52, reflecting a reduction of about 34%[17] Equity and Return on Equity - The company reported a total equity of RMB 2,466,107,849.22 as of September 30, 2022, compared to RMB 2,414,859,705.04 at the end of 2021, indicating an increase of about 2.1%[19] - The weighted average return on equity for Q3 2022 was 0.64%, an increase of 0.38 percentage points year-on-year[6] Interest Expenses - The company incurred interest expenses of ¥11,331,492.09 in Q3 2022, compared to ¥13,482.93 in the same period last year, indicating a decrease in interest costs[22]