CFHI(SH:601106)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥7,218,269,658.65, representing a year-on-year increase of 13.31%[5] - The net profit attributable to shareholders for the same period was ¥25,008,339.55, a significant increase of 166.79% compared to the previous year[5] - The basic earnings per share for Q3 2022 was ¥0.0010, down 28.57% from the previous year[6] - Total operating revenue for the first three quarters of 2022 reached ¥18,820,555,225.08, an increase of 11.6% compared to ¥16,863,256,122.82 in the same period of 2021[21] - Net profit for the first three quarters of 2022 was ¥69,086,184.01, slightly higher than ¥68,197,960.70 in the same period of 2021, indicating a growth of 1.3%[22] Assets and Liabilities - Total assets at the end of the reporting period reached ¥43,541,616,753.10, reflecting a growth of 13.71% compared to the end of the previous year[6] - Current assets reached CNY 29.87 billion, up from CNY 24.55 billion, indicating a growth of about 21.3% year-over-year[17] - Total liabilities increased to CNY 31.99 billion from CNY 26.75 billion, reflecting a growth of about 19.0%[18] - The company reported a total equity of CNY 11.55 billion, which is an increase from CNY 11.54 billion, showing a slight growth of about 0.1%[18] Cash Flow - The net cash flow from operating activities was negative at -¥749,256,983.38, indicating a decrease of 59.50% compared to the previous year[6] - The net cash flow from operating activities for the first three quarters of 2022 was -¥749,256,983.38, an improvement from -¥1,849,986,852.76 in the same period of 2021[27] - Cash inflow from financing activities totaled 9,437,513,710.78, an increase from 9,157,494,152.72 in the prior period[28] - The net cash flow from financing activities was 1,597,691,171.39, a decrease from 4,072,074,629.85 year-over-year[28] - The ending balance of cash and cash equivalents was 2,183,913,343.59, compared to 1,744,279,088.16 at the end of the previous period[28] Investments and Income - The company reported an investment income increase of 812.92% from its equity stake in Zhongpin Shengde International Development Co., Ltd.[12] - The company recorded an investment income of ¥198,997,972.32 in Q3 2022, significantly higher than ¥21,797,879.93 in Q3 2021, representing a growth of 810.5%[22] Shareholder Information - The total number of shareholders was reported at 267,584, with the largest shareholder, China First Heavy Industries Group, holding 63.88% of the shares[14] Costs and Expenses - Total operating costs for the first three quarters of 2022 were ¥18,930,366,588.68, up from ¥16,765,534,783.18 in 2021, reflecting a rise of 12.9%[21] - Research and development expenses decreased to ¥343,277,317.37 in Q3 2022 from ¥401,915,120.92 in Q3 2021, a reduction of 14.5%[22] - The financial expenses for Q3 2022 were ¥433,226,087.45, up from ¥394,354,496.95 in Q3 2021, marking an increase of 9.8%[22] Inventory and Receivables - Inventory levels increased to CNY 4.25 billion from CNY 3.58 billion, representing a growth of approximately 18.6%[17] - Accounts receivable rose by 81.43% as a result of increased business scale and outstanding payments not yet collected[12] - Accounts receivable rose significantly to CNY 7.14 billion, compared to CNY 3.94 billion, marking an increase of around 81.5%[17] Borrowings - Long-term borrowings increased by 29.43% as the company added new loans based on operational needs[12] - Short-term borrowings rose to CNY 6.87 billion, up from CNY 5.19 billion, indicating an increase of approximately 32.4%[18] - The company’s long-term borrowings increased to CNY 8.57 billion from CNY 6.62 billion, reflecting a growth of about 29.5%[18] Other Financial Information - Other comprehensive income after tax for Q3 2022 was -¥101,058,448.40, compared to no significant change in the previous year[23] - Net cash flow from investment activities was -99,973,773.68, indicating a significant outflow compared to the previous period's -2,763,511,267.92[28] - The company executed new accounting standards starting in 2022, which may affect financial reporting[28]