SUNOREN(SH:603105)2022-10-21 16:00Financial Performance - The company's operating revenue for Q3 2022 reached ¥224,253,023.44, representing a year-on-year increase of 69.56%[5] - Net profit attributable to shareholders for Q3 2022 was ¥80,558,994.62, a significant increase of 128.78% compared to the same period last year[5] - The basic earnings per share for Q3 2022 was ¥0.16, up 128.57% year-on-year[6] - Total operating revenue for the first three quarters of 2022 reached ¥518,513,845.57, a significant increase of 50.2% compared to ¥345,067,916.12 in the same period of 2021[20] - Net profit for the third quarter of 2022 was ¥160,813,580.56, representing a 68.6% increase from ¥95,314,784.60 in the same quarter of 2021[22] - The total comprehensive income attributable to the parent company for Q3 2022 was ¥160,813,580.56, compared to ¥95,314,784.60 in Q3 2021, representing a year-over-year increase of approximately 68.5%[23] - Basic and diluted earnings per share for Q3 2022 were both ¥0.32, up from ¥0.19 in Q3 2021, indicating a growth of 68.4%[23] Cash Flow and Liquidity - The company generated a cash flow from operating activities of ¥419,528,333.85 for the year-to-date, a substantial increase of 99.47% compared to the same period last year[5] - Cash inflows from operating activities for the first three quarters of 2022 totaled ¥762,310,122.79, a significant increase of 84.6% compared to ¥412,771,820.83 in the same period of 2021[24] - The net cash flow from operating activities for the first three quarters of 2022 was ¥419,528,333.85, compared to ¥210,319,073.93 in the previous year, reflecting a growth of 99.5%[24] - The total cash and cash equivalents at the end of Q3 2022 were ¥191,170,327.83, compared to ¥88,499,714.14 at the end of Q3 2021, showing an increase of 116.4%[24] - As of September 30, 2022, the company reported cash and cash equivalents of ¥305,008,733.98, an increase from ¥113,182,810.26 at the end of 2021[16] Assets and Liabilities - The total assets of the company at the end of Q3 2022 were ¥3,500,437,960.92, reflecting an increase of 11.49% from the end of the previous year[6] - The company's total assets as of the end of the third quarter of 2022 amounted to ¥3,500,437,960.92, compared to ¥3,139,661,799.45 at the end of the previous year, indicating a growth of 11.5%[18] - Total current assets reached ¥537,014,551.67, up from ¥410,082,375.27 in the previous year, reflecting improved liquidity[16] - The total liabilities of the company reached ¥1,765,928,851.58, up from ¥1,530,966,270.67, reflecting a year-over-year increase of 15.3%[18] - Non-current liabilities totaled ¥1,190,597,144.33, an increase from ¥999,211,204.62 in the previous year, marking a rise of 19.2%[18] Operational Metrics - The average comprehensive electricity price for photovoltaic power generation (excluding subsidies) increased to ¥0.58 per kWh, up from ¥0.47 per kWh in the previous year, marking an increase of ¥0.11 per kWh[10] - The gross profit margin for photovoltaic power generation business improved to 69.10%, an increase of 7.16 percentage points compared to the previous year[10] - The total photovoltaic power generation for the period was 547 million kWh, an increase of 102 million kWh from 445 million kWh in the same period last year[10] - The company's retained earnings increased to ¥449,962,905.10 from ¥324,149,324.54, showing a growth of 38.8%[18] Shareholder Information - The company has a total of 40,263 common shares outstanding, with the largest shareholder, Haining Zhengda, holding 13.98%[13] - The top ten shareholders collectively hold significant stakes, with the largest individual shareholder, Zhang Lizhong, owning 9.86%[13] - The company has engaged in financing activities, with Haining Zhengda holding 35,000,000 shares through margin trading[14] Future Outlook and Strategy - The company expects continued growth in profitability and risk management capabilities due to the expansion of self-owned power stations and increased electricity generation hours[10] - Future outlook remains positive, with ongoing investments in new product development and market expansion strategies[15] - The company is focusing on enhancing its technological capabilities to drive growth in the photovoltaic sector[15] - The company is actively exploring potential mergers and acquisitions to strengthen its market position[15] Research and Development - Research and development expenses for the third quarter of 2022 were ¥14,891,967.50, which is a 103.5% increase compared to ¥7,342,025.13 in the same quarter of 2021[21] Inventory and Costs - The total inventory as of September 30, 2022, was reported at ¥34,399,777.58, slightly down from ¥35,470,885.43[16] - Total operating costs for the third quarter of 2022 were ¥328,505,850.90, up from ¥251,156,680.81 in the previous year, reflecting a year-over-year increase of 30.8%[21] - Cash paid for purchasing goods and services in the first three quarters of 2022 was ¥82,127,261.25, up from ¥47,763,414.59 in the same period of 2021, indicating a rise of 71.8%[24] - The company reported a significant increase in tax payments, totaling ¥39,700,990.72 in Q3 2022, compared to ¥14,378,933.21 in Q3 2021, which is an increase of 176.5%[24]