Jiangsu Huachen(SH:603097)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 418,160,108.59, representing a 45.14% increase compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY 35,364,079.90, reflecting a 50.17% increase year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was CNY 34,538,893.53, up 54.35% from the previous year[6]. - The basic earnings per share for Q3 2023 was CNY 0.2211, an increase of 51.54% compared to the same period last year[6]. - The company reported a net cash flow from operating activities of CNY -69,704,266.56 for the year-to-date, indicating an improvement from CNY -117,863,600.00 in the same period last year[10]. - The net profit for Q3 2023 was CNY 64,463,550.31, an increase from CNY 63,423,550.86 in Q3 2022, reflecting a growth of approximately 1.64%[34]. - The total operating profit for Q3 2023 was CNY 69,209,515.12, compared to CNY 62,824,017.62 in the same period last year, indicating an increase of about 10.5%[34]. Assets and Liabilities - Total assets at the end of Q3 2023 amounted to CNY 1,589,046,420.14, a 17.34% increase from the end of the previous year[6]. - The equity attributable to shareholders at the end of Q3 2023 was CNY 870,429,165.86, which is a 4.62% increase compared to the end of the previous year[6]. - Total current assets as of September 30, 2023, amount to CNY 1,262,085,829.01, an increase from CNY 1,043,852,723.51 at the end of 2022[15]. - The company's total liabilities as of the third quarter of 2023 amounted to ¥715,681,828.52, up from ¥522,273,424.92 in the previous year, representing an increase of about 37%[20]. - The total liabilities as of September 30, 2023, were ¥718,342,032.53, compared to ¥523,401,272.65 at the end of 2022, indicating an increase in leverage[29]. Cash Flow - The company reported a net cash flow from investing activities for Q3 2023 was -¥71,591,024.87, an improvement from -¥104,260,755.39 in Q3 2022[26]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 720,768,329.68, up from CNY 637,088,345.85 in 2022, representing a growth of approximately 13%[37]. - The net cash flow from investing activities for the first three quarters of 2023 was -CNY 77,146,221.22, an improvement from -CNY 103,351,399.88 in the same period last year[38]. - The cash inflow from financing activities for Q3 2023 was CNY 51,099,780.64, a decrease from CNY 382,581,678.75 in Q3 2022[38]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 14.208 million[12]. - The top shareholder, Zhang Xiaojin, holds 84 million shares, representing 52.50% of total shares[12]. Revenue Growth Factors - The company attributed the revenue growth to increased sales orders and the launch of new energy box-type substations and smart complete equipment projects[10]. - Total operating revenue for the first three quarters of 2023 reached ¥925,435,087.73, a significant increase from ¥685,918,728.46 in the same period of 2022, representing a growth of approximately 35%[19]. - The company reported a total revenue from sales and services of CNY 634,439,923.03 for the first three quarters of 2023, compared to CNY 545,453,536.68 in the same period last year, marking an increase of approximately 16.3%[37]. Research and Development - Research and development expenses for the third quarter of 2023 were ¥36,584,444.85, an increase from ¥29,594,235.50 in the same quarter of 2022, indicating a growth of about 23%[20]. - Research and development expenses for the first three quarters of 2023 were ¥36,584,444.85, up from ¥29,594,235.50 in the same period of 2022, reflecting a focus on innovation[33]. Inventory and Receivables - Accounts receivable increased to CNY 618,765,141.51 from CNY 511,522,409.91 year-over-year[15]. - Inventory as of September 30, 2023, is CNY 372,097,796.52, up from CNY 242,046,154.25[15].