Wencan(SH:603348)2022-10-27 16:00Financial Performance - The company's revenue for Q3 2022 reached ¥1,446,344,027.11, representing a year-over-year increase of 55.08%[6] - Net profit attributable to shareholders for the same period was ¥122,465,916.38, with a year-to-date net profit of ¥258,646,306.44, reflecting a significant increase of 275.80% compared to the previous year[6] - The basic earnings per share for Q3 2022 was ¥0.4723, while the diluted earnings per share was ¥0.4571[8] - Total operating revenue for the first three quarters of 2022 reached RMB 3,888,313,635.67, a 31.0% increase from RMB 2,965,129,842.69 in the same period of 2021[25] - Net profit for the first three quarters of 2022 was RMB 258,646,306.44, compared to RMB 68,826,008.96 in the previous year, representing a significant increase of 276.0%[29] - Basic earnings per share for the period were RMB 0.9904, compared to RMB 0.2676 in the same period last year, indicating strong earnings growth[30] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥6,826,441,577.64, marking a 15.08% increase from the end of the previous year[8] - The company's total equity reached RMB 3,025,750,760.33, up from RMB 2,718,211,451.33, reflecting a growth of 11.3% year-over-year[25] - The total liabilities of the company as of the reporting date were RMB 3,800,690,817.31, an increase from RMB 3,213,913,441.99, indicating a growth in financial obligations[25] - The company's non-current assets totaled RMB 4,093,943,368.93, compared to RMB 3,624,015,514.32 in the previous year, showing an increase of about 13.0%[22] Cash Flow - The company reported a cash flow from operating activities of ¥338,675,436.69 year-to-date, which is a decrease of 8.10% compared to the previous year[8] - The cash inflow from operating activities for the first three quarters of 2022 was approximately RMB 3.61 billion, an increase of 27.7% compared to RMB 2.82 billion in the same period of 2021[31] - The net cash outflow from investment activities in the first three quarters of 2022 was approximately RMB 615.26 million, compared to RMB 394.85 million in the same period of 2021, indicating a significant increase in investment expenditures[33] - The net cash inflow from financing activities for the first three quarters of 2022 was approximately RMB 148.36 million, a recovery from a net outflow of RMB 178.02 million in the same period of 2021[33] Operational Highlights - The company has strengthened its collaboration with new energy vehicle clients, contributing to increased production and revenue from new models launched by clients[12] - The subsidiary, France Bailian Group, has successfully integrated operations, leading to increased production and sales, further driving the company's performance growth[12] - Research and development expenses increased to RMB 110,343,309.94 from RMB 89,414,336.49, marking a 23.4% rise, highlighting the company's commitment to innovation[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,872, with the top ten shareholders holding 11.38% each[14] Inventory and Receivables - Accounts receivable rose significantly to RMB 1,428,516,639.94, compared to RMB 1,019,472,944.15 in the previous year, marking an increase of around 40.2%[19] - Inventory levels increased to RMB 654,804,411.66 from RMB 513,994,268.74, which is an increase of approximately 27.4%[19] Other Financial Metrics - The weighted average return on equity increased by 4.41 percentage points to 4.24% for the current period[8] - The company reported a decrease in other comprehensive income, with a net amount of RMB -5,143,077.03 compared to RMB -46,169,902.00 in the previous year, suggesting improved financial stability[29] - Deferred income was reported at RMB 70,879,576.42, slightly down from RMB 71,280,143.35, indicating stability in revenue recognition[25]