Linglong Tyre(SH:601966)2023-10-23 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥5,293,109,142, representing a year-on-year increase of 21.03%[3] - Net profit attributable to shareholders for Q3 2023 was ¥398,589,865, a significant increase of 278.01% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥391,863,991, reflecting a year-on-year increase of 303.67%[3] - Basic and diluted earnings per share for Q3 2023 were both ¥0.27, an increase of 285.71% year-on-year[4] - Total operating revenue for the first three quarters of 2023 reached CNY 14,529,983,275, an increase of 13.8% compared to CNY 12,776,461,393 in the same period of 2022[16] - Net profit for the third quarter of 2023 was CNY 959,636,628, significantly up from CNY 216,222,417 in the same quarter of 2022, representing a growth of 344.5%[17] - Basic earnings per share for the third quarter of 2023 were CNY 0.65, compared to CNY 0.15 in the same quarter of 2022, marking a 333.3% increase[18] - The total comprehensive income for the third quarter of 2023 was CNY 1,291,560,358, compared to CNY 591,681,491 in the same quarter of 2022, reflecting a growth of 118.5%[17] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥41,775,741,122, an increase of 11.75% compared to the end of the previous year[4] - The equity attributable to shareholders at the end of Q3 2023 was ¥20,412,326,319, reflecting a year-on-year increase of 6.08%[4] - Total liabilities as of the end of the third quarter of 2023 amounted to CNY 21,357,473,759, up from CNY 18,134,161,695 at the end of the same period in 2022, reflecting a growth of 12.3%[15] - The company's total assets reached CNY 41,775,741,122, an increase from CNY 37,382,207,095 year-over-year, indicating a growth of 11.4%[15] - The company's long-term borrowings increased to CNY 2,407,142,200 in the third quarter of 2023, up from CNY 1,998,100,870 in the same period of 2022, indicating a growth of 20.5%[15] Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 37.49% to ¥314,031,956[3] - In the first three quarters of 2023, the cash inflow from operating activities was CNY 12,283,965,021, a decrease of 2.6% compared to CNY 12,610,838,329 in the same period of 2022[19] - The net cash flow from operating activities for the first three quarters of 2023 was CNY 314,031,956, down 37.5% from CNY 502,397,365 in the first three quarters of 2022[19] - Cash inflow from investment activities totaled CNY 75,055,590 in the first three quarters of 2023, an increase of 43.1% compared to 52,448,162 in the same period of 2022[21] - The net cash outflow from investment activities was CNY 1,862,018,417 in the first three quarters of 2023, an improvement from a net outflow of CNY 2,582,157,526 in the same period of 2022[21] - Cash inflow from financing activities was CNY 8,168,917,682 in the first three quarters of 2023, a decrease of 14.6% compared to CNY 9,559,499,617 in the same period of 2022[21] - The net cash flow from financing activities was CNY 2,316,391,626 in the first three quarters of 2023, down 10% from CNY 2,573,064,218 in the same period of 2022[21] - The cash and cash equivalents at the end of the third quarter of 2023 amounted to CNY 3,115,611,910, an increase of 29.6% from CNY 2,402,373,975 at the end of the third quarter of 2022[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 52,980[8] - The largest shareholder, Linglong Group Co., Ltd., holds 575,367,927 shares, accounting for 39.05% of total shares[8] Operational Insights - The company reported a significant increase in production capacity utilization, which positively impacted profit margins and overall sales volume[7] - Non-recurring gains and losses for Q3 2023 included government subsidies of ¥17,133,748, contributing to the overall financial performance[5] Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 528,677,692, a decrease from CNY 598,931,776 in the same period of 2022, showing a reduction of 11.7%[16] Other Information - The company has not disclosed any significant new strategies or product developments during the reporting period[10] - There are no indications of related party transactions among the top ten shareholders[9] - The company has not engaged in any financing or margin trading activities with the top ten shareholders[9] - The report does not include any audit opinions, indicating it is unaudited[10]