KE Electric(SH:603050)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 reached ¥491,681,716.20, representing a 13.00% increase compared to the same period last year[5]. - Net profit attributable to shareholders of the listed company was ¥32,821,122.48, a significant increase of 1,842.93% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,942,181.89, reflecting a 1,164.84% increase compared to the same period last year[5]. - Basic earnings per share for the period was ¥0.20, up 1,900.00% year-on-year[6]. - The net profit for the year-to-date period reached ¥113,489,125.71, which is a 40.40% increase compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2022 was CNY 1,118,788,126.08, a decrease of 24.5% compared to CNY 1,480,497,491.05 in the same period of 2021[18]. - Net profit for the first three quarters of 2022 was CNY 116,352,670.82, up from CNY 84,312,541.20 in the same period of 2021, representing a growth of 38.0%[19]. - The total profit for the first three quarters of 2022 was CNY 125,472,774.92, compared to CNY 89,437,201.23 in the same period of 2021, reflecting an increase of 40.3%[19]. - The company’s total comprehensive income for the first three quarters of 2022 was CNY 116,337,089.72, compared to CNY 84,313,548.04 in the same period of 2021, indicating a growth of 38.0%[20]. Assets and Liabilities - The total assets of the company at the end of the reporting period amounted to ¥4,760,689,774.62, an increase of 25.23% from the end of the previous year[6]. - Total current assets as of September 30, 2022, amounted to ¥3,782,988,332.67, an increase from ¥2,898,025,282.50 in the previous year[14]. - Total liabilities increased to ¥3,376,013,533.30 from ¥2,502,750,876.95, representing a year-over-year increase of approximately 34.9%[15]. - Long-term borrowings surged to ¥1,310,651,819.94 from ¥419,197,793.21, indicating a substantial increase of about 212.5%[15]. - Total equity attributable to shareholders rose to ¥1,358,891,967.74 from ¥1,278,263,059.33, marking an increase of approximately 6.3%[15]. Cash Flow - The company reported a cash flow from operating activities of -¥382,536,593.74, a decrease of 25.35% year-on-year[6]. - Cash inflow from operating activities for the first three quarters of 2022 was CNY 1,801,013,577.96, an increase from CNY 1,365,302,364.48 in the same period of 2021, marking a growth of 32.0%[23]. - The net cash flow from operating activities was -382,536,593.74, compared to -305,176,023.18 in the previous year, indicating a decline of approximately 25.3%[24]. - Total cash outflow from operating activities amounted to 2,183,550,171.70, up from 1,670,478,387.66, reflecting an increase of about 30.6%[24]. - Cash inflow from financing activities totaled 1,268,859,845.63, significantly higher than 274,133,475.41 in the previous year, marking an increase of approximately 362.5%[24]. - The net increase in cash and cash equivalents was 282,991,834.93, contrasting with a decrease of -271,182,024.77 in the same quarter last year[25]. - The ending balance of cash and cash equivalents reached 648,994,347.38, compared to 192,641,293.39 at the end of the previous year, representing a substantial increase of about 236.5%[25]. Operational Insights - The company attributed the revenue growth primarily to increased sales of smart substation and smart electricity products[10]. - The company plans to continue focusing on the development of smart substation and smart electricity products to drive future growth[10]. - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[16]. - The company plans to invest in new technologies and product lines to strengthen its competitive position in the market[16]. Costs and Expenses - Total operating costs for the first three quarters of 2022 were CNY 1,377,734,883.28, compared to CNY 1,099,173,999.22 in the previous year, indicating an increase of 25.3%[18]. - Research and development expenses for the first three quarters of 2022 were CNY 80,542,881.70, compared to CNY 75,404,865.43 in the previous year, showing an increase of 6.0%[18]. - Other income for the first three quarters of 2022 was CNY 23,013,412.63, up from CNY 18,657,684.66 in the same period of 2021, indicating a growth of 23.0%[19].