Hopewind(SH:603063)2022-10-28 16:00Revenue and Profitability - Revenue for Q3 2022 reached ¥653,874,962.84, an increase of 34.70% compared to the same period last year[6] - Net profit attributable to shareholders was ¥57,317,347.58, a decrease of 27.20% year-over-year[6] - Basic earnings per share for the period was ¥0.13, down 27.78% from the same quarter last year[8] - The company reported a decrease of 38.77% in net profit after deducting non-recurring gains and losses for the quarter[10] - The net profit for Q3 2022 was CNY 170,546,273.85, a decrease from CNY 177,089,384.93 in Q3 2021, representing a decline of approximately 3.1%[22] - Operating profit for Q3 2022 was CNY 176,558,301.37, down from CNY 197,253,545.96 in Q3 2021, indicating a decrease of approximately 10.5%[22] - The total comprehensive income for Q3 2022 was CNY 170,546,273.85, compared to CNY 177,089,384.93 in Q3 2021, indicating a decrease of approximately 3.1%[23] Cash Flow and Financial Activities - Net cash flow from operating activities for Q3 2022 was -¥41,097,108.44, a decline of 183.06% compared to the previous year[8] - The company experienced a significant increase in cash outflows due to higher payments for goods and services[10] - Total operating cash inflow for Q3 2022 was CNY 2,917,217,090.51, compared to CNY 1,837,825,182.91 in Q3 2021, marking an increase of about 58.8%[25] - Cash flow from operating activities netted CNY 237,277,334.15 in Q3 2022, significantly higher than CNY 52,777,083.42 in Q3 2021, showing an increase of approximately 348.5%[25] - The net cash flow from financing activities was $29,498,966.19, a significant decrease from $471,308,829.80 in the previous year[27] - The total cash and cash equivalents at the end of the period amounted to $399,017,808.92, down from $455,518,498.01 year-over-year[27] - The total cash outflow from financing activities was $107,876,859.11, compared to $27,270,428.00 in the previous year[27] Assets and Liabilities - Total assets at the end of the period were ¥5,740,232,121.91, reflecting a 9.91% increase from the end of the previous year[8] - Current assets as of September 30, 2022, totaled RMB 4,044,021,960.34, compared to RMB 3,585,186,892.13 at the end of 2021, reflecting a growth of approximately 13%[16] - Total liabilities as of September 30, 2022, amounted to RMB 2,362,588,211.38, compared to RMB 2,058,051,196.55 in the previous year, representing an increase of about 15%[19] - The total assets as of September 30, 2022, were RMB 5,740,232,121.91, up from RMB 5,222,462,091.81 at the end of 2021, indicating a growth of approximately 10%[19] Shareholders' Equity - Shareholders' equity attributable to shareholders was ¥3,373,761,858.53, up 6.73% year-over-year[8] - The company's equity attributable to shareholders reached RMB 3,373,761,858.53 as of September 30, 2022, compared to RMB 3,160,895,831.69 in the previous year, reflecting an increase of about 7%[19] Costs and Expenses - Total operating costs for the first three quarters of 2022 were RMB 1,659,914,918.07, up from RMB 1,139,758,204.74 in 2021, indicating an increase of about 46%[19] - Research and development expenses increased to CNY 144,305,229.43 in Q3 2022, up from CNY 113,192,887.67 in Q3 2021, reflecting a growth of about 27.5%[22] - The company incurred financial expenses of CNY 18,795,404.81 in Q3 2022, a significant increase from CNY 2,120,832.07 in Q3 2021, representing a rise of about 786.5%[22] Revenue Growth Drivers - The increase in revenue was primarily driven by growth in the new energy electric control business[10] - Total revenue for the first three quarters of 2022 reached RMB 1,754,641,557.55, an increase from RMB 1,283,306,321.67 in the same period of 2021, representing a growth of approximately 37%[19] - The company reported total revenue from sales and services of CNY 2,063,749,694.41 in Q3 2022, compared to CNY 1,421,883,720.52 in Q3 2021, reflecting a growth of about 45.2%[23] Inventory and Cash Management - Inventory as of September 30, 2022, was RMB 1,223,686,934.45, significantly higher than RMB 854,209,608.15 at the end of 2021, marking an increase of around 43%[16] - The cash and cash equivalents increased to RMB 800,677,649.79 as of September 30, 2022, from RMB 642,672,914.38 at the end of 2021, showing a growth of approximately 25%[16] - The cash and cash equivalents increased by $85,999,803.65 during the quarter, compared to an increase of $49,112,699.24 in the same quarter last year[27] - The impact of exchange rate changes on cash and cash equivalents was $540,873.23, contrasting with a negative impact of -$59,271.26 in the previous year[27]