CHINA SATCOM(SH:601698)2022-10-30 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥665,117,854.96, representing an increase of 8.40% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2022 reached ¥242,780,244.25, a significant increase of 104.62% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥149,622,558.51, up by 31.15% compared to the same period last year[4]. - Total revenue for the first three quarters of 2022 reached CNY 1,918,230,515.12, an increase from CNY 1,850,443,801.38 in the same period of 2021, representing a growth of approximately 3.98%[23]. - Total profit for Q3 2022 reached ¥741.84 million, compared to ¥554.94 million in Q3 2021, marking a growth of 33.7%[24]. - Net profit attributable to shareholders of the parent company was ¥526.32 million, an increase of 40.8% from ¥373.72 million in the same period last year[24]. - The company reported a total comprehensive income of approximately ¥1.32 billion for Q3 2022, significantly higher than ¥228.40 million in Q3 2021[25]. - Total comprehensive income for Q3 2022 was approximately CNY 446.79 million, up from CNY 331.16 million in Q3 2021, representing a year-over-year increase of 35%[32]. Assets and Liabilities - The total assets at the end of the reporting period were ¥22,782,605,202.07, reflecting a year-on-year increase of 19.23%[5]. - The company's total assets increased to CNY 22,782,605,202.07 in Q3 2022, compared to CNY 19,108,303,142.93 in Q3 2021, reflecting a growth of approximately 19.4%[22]. - The company's total liabilities amounted to CNY 3,842,192,809.73 in Q3 2022, compared to CNY 3,333,198,853.67 in Q3 2021, which is an increase of approximately 15.3%[21]. - The total liabilities as of September 30, 2022, were RMB 4.96 billion, compared to RMB 4.46 billion in the previous year, marking an increase of about 11.2%[30]. - The equity attributable to shareholders reached CNY 14,886,470,775.93 in Q3 2022, up from CNY 12,005,706,041.68 in Q3 2021, representing a growth of about 24.0%[22]. - The total equity attributable to owners was RMB 13.51 billion, an increase from RMB 11.04 billion in the previous year, reflecting a growth of about 22.4%[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥421,739,121.29, down by 46.50% compared to the same period last year[5]. - Cash flow from operating activities for the first three quarters of 2022 was ¥421.74 million, down from ¥788.36 million in the same period of 2021, indicating a decline of 46.5%[26]. - The company's cash flow from operating activities showed a significant decline, indicating potential challenges in revenue generation[33]. - Cash inflow from investment activities totaled CNY 1.26 billion, slightly down from CNY 1.26 billion in the previous year, while cash outflow for investment activities increased to CNY 1.59 billion from CNY 1.52 billion[34]. - Net cash flow from financing activities for Q3 2022 was CNY 2.02 billion, compared to a net outflow of CNY 100 million in Q3 2021[34]. - The ending balance of cash and cash equivalents as of Q3 2022 was CNY 4.85 billion, significantly higher than CNY 2.48 billion at the end of Q3 2021, marking an increase of 95%[34]. Shareholder Information - The total number of common shareholders as of September 30, 2022, is 89,003, with the top 10 shareholders holding 99.99% of the shares[11]. - China Aerospace Science and Technology Corporation holds 3,189,099,928 shares, representing 79.73% of the total shares[11]. - The top three shareholders, including the China Rocket Research Institute, are all state-owned entities under the China Aerospace Science and Technology Corporation[12]. - The company has not disclosed any known relationships among other shareholders beyond the top 10[12]. Investment and Financing Activities - The company raised a total of RMB 2,154,099,955.20 through a private placement of 224,385,412 shares at RMB 9.60 per share[17]. - The net amount raised after deducting issuance costs was RMB 2,139,874,991.88[17]. - The company completed the registration of new shares on October 21, 2022, following the private placement[16]. - The company raised approximately ¥2.14 billion through financing activities in Q3 2022, with a net cash inflow of ¥1.85 billion after accounting for cash outflows[27]. Operational Efficiency - The company reported a net profit margin improvement, with total operating income growing while total operating costs decreased slightly, indicating better operational efficiency[23]. - The company's inventory increased to CNY 22,110,879.17 in Q3 2022, compared to CNY 8,292,429.93 in Q3 2021, indicating a significant rise of approximately 166.5%[20]. - The company reported a significant increase in other income, totaling approximately ¥106.44 million in Q3 2022, compared to ¥7.94 million in Q3 2021[24]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23]. Research and Development - Research and development expenses for the third quarter of 2022 were RMB 23.51 million, compared to RMB 23.21 million in the same quarter of 2021, indicating a year-over-year increase of approximately 1.3%[31].