Carthane(SH:603037)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥166,587,598.85, representing a year-on-year increase of 33.22%[5] - The net profit attributable to shareholders for the same period was ¥24,876,229.73, an increase of 18.07% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥20,981,175.42, reflecting a modest increase of 3.73% year-on-year[5] - Basic and diluted earnings per share for the quarter were both ¥0.24, an increase of 18.07% compared to the same period last year[6] - The weighted average return on equity was 2.99%, an increase of 26.52% compared to the previous year[6] - Total operating revenue for the first three quarters of 2022 reached ¥439,311,244.45, an increase from ¥376,250,903.57 in the same period of 2021, representing a growth of approximately 16.7%[19] - Net profit for the third quarter of 2022 was ¥53,541,914.48, a decrease from ¥65,616,829.29 in the same quarter of 2021, reflecting a decline of approximately 18.4%[21] - The net profit for the first three quarters of 2022 was ¥37,877,134.49, a decrease of 36.5% from ¥59,662,050.80 in the same period of 2021[28] - The net profit for Q3 2022 was ¥35,732,214.76, a decrease of 34.2% compared to ¥54,214,826.94 in Q3 2021[29] Cash Flow and Liquidity - The cash flow from operating activities showed a significant decline of 90.84%, amounting to ¥5,387,796.22, primarily due to changes in collection structure and increased cash outflows for raw material purchases and employee payments[6][10] - The net cash flow from operating activities for Q3 2022 was ¥5,387,796.22, a decrease of 90.8% compared to ¥58,798,940.75 in Q3 2021[24] - Cash inflow from operating activities totaled ¥329,575,297.88, a decline of 10.3% compared to ¥367,321,903.43 in the previous year[32] - Cash outflow from operating activities was ¥292,200,180.28, a decrease of 6.4% from ¥312,146,108.23 in the same period last year[32] - The company's cash and cash equivalents were CNY 135,007,828.35, significantly lower than CNY 304,923,232.21 reported at the end of 2021, indicating a decrease of approximately 55.7%[15] - Total cash and cash equivalents at the end of Q3 2022 were ¥71,111,813.91, a decrease from ¥76,822,189.24 at the end of Q3 2021[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,043,181,842.71, a slight increase of 0.84% from the end of the previous year[6] - Current assets totaled CNY 602,689,249.39, down from CNY 648,019,333.49 in the previous year, primarily due to a decrease in cash and cash equivalents[15] - Total liabilities rose to CNY 186,018,887.34, compared to CNY 141,793,723.89 in the previous year, marking an increase of approximately 31.1%[17] - The company's total equity decreased to ¥789,155,250.48 as of September 30, 2022, down from ¥859,562,595.34 at the end of 2021[28] - The company's equity attributable to shareholders decreased by 6.02% to ¥836,586,508.73 compared to the end of the previous year[6] - The total liabilities increased to ¥274,871,180.30 as of September 30, 2022, compared to ¥123,892,421.61 at the end of 2021[27] Research and Development - Research and development expenses for the third quarter of 2022 amounted to ¥45,817,695.46, up from ¥31,644,038.72 in the previous year, indicating a significant increase of about 45%[20] - Research and development expenses for the first three quarters of 2022 were ¥40,698,131.15, an increase of 46.0% compared to ¥27,882,454.00 in the same period of 2021[28] Market Outlook - The company anticipates continued revenue growth in the second half of 2022 due to market recovery[10] - The company has ongoing plans for market expansion and new product development, although specific figures were not disclosed in the report[18] Other Income and Expenses - The company reported non-recurring gains of ¥3,892,982.32 for the quarter, with government subsidies contributing significantly to this figure[10] - Tax expenses for the third quarter of 2022 were ¥3,646,904.17, compared to ¥6,414,038.10 in the same period of 2021, reflecting a decrease of about 43.5%[21] - Other income for the third quarter of 2022 was ¥2,142,171.40, significantly higher than ¥422.36 in the same period of 2021, showing a substantial increase[20]