Sanmei(SH:603379)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,199,272,857.41, representing a year-on-year increase of 23.54%[4] - The net profit attributable to shareholders for the same period was CNY 117,708,982.93, up 15.98% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 33.66% year-on-year, totaling CNY 116,987,682.07[4] - Total operating revenue for the first three quarters of 2022 reached ¥3,768,143,775.51, a significant increase of 37.5% compared to ¥2,738,821,996.93 in the same period of 2021[15] - Net profit for Q3 2022 was ¥461,728,475.61, representing a 90.0% increase from ¥242,980,284.85 in Q3 2021[16] - Total comprehensive income for Q3 2022 was ¥461,725,746.66, compared to ¥242,960,295.82 in Q3 2021, reflecting strong growth[17] Earnings and Shareholder Information - The basic earnings per share for the year-to-date period was CNY 0.76, reflecting a 90.00% increase year-on-year[4] - Basic and diluted earnings per share for Q3 2022 were both ¥0.76, up from ¥0.40 in Q3 2021[17] - The company reported a total of 21,390 common shareholders at the end of the reporting period[9] - The top shareholder, Hu Rongda, holds 37.83% of the shares, totaling 230,913,959 shares[9] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 6,414,603,121.92, a 6.01% increase from the end of the previous year[5] - As of September 30, 2022, the company's total assets amounted to RMB 6,414,603,121.92, an increase from RMB 6,051,148,356.58 at the end of 2021, reflecting a growth of approximately 6%[12][14] - The company's total liabilities decreased to RMB 736,128,958.99 from RMB 762,777,536.01, showing a reduction of about 3.5%[14] - The total equity attributable to shareholders increased to RMB 5,678,474,162.93 from RMB 5,288,370,820.57, marking an increase of approximately 7.4%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 169.44% year-on-year, amounting to CNY 598,794,811.41[4] - Cash flow from operating activities for the first three quarters of 2022 was ¥2,921,995,958.27, up 54.8% from ¥1,887,278,295.71 in the same period of 2021[18] - Net cash flow from operating activities in Q3 2022 was ¥598,794,811.41, a substantial increase from ¥222,239,854.47 in Q3 2021[19] - The company reported a net cash inflow from investment activities of ¥1,158,965,137.97 in Q3 2022, a turnaround from a net outflow of -¥1,199,188,025.73 in Q3 2021[19] Costs and Expenses - Total operating costs for the first three quarters of 2022 were ¥3,170,178,937.53, up 32.2% from ¥2,398,628,857.26 in the first three quarters of 2021[15] - R&D expenses in Q3 2022 amounted to ¥26,314,646.13, an increase of 32.0% compared to ¥19,955,443.97 in Q3 2021[16] - The company’s tax expenses for Q3 2022 were ¥150,632,648.64, compared to ¥86,940,021.07 in Q3 2021, indicating increased profitability[16] Inventory and Receivables - Accounts receivable decreased to RMB 441,733,243.32 from RMB 636,633,697.92, representing a decline of approximately 31%[12] - The company's inventory decreased to RMB 453,491,649.59 from RMB 502,806,589.86, reflecting a decline of about 9.8%[12] - The company reported a significant reduction in other receivables, which fell to RMB 23,939,032.96 from RMB 64,907,016.88, a decrease of approximately 63%[12] Cash and Cash Equivalents - The company's cash and cash equivalents reached RMB 3,400,122,437.60, significantly up from RMB 1,612,620,164.27 in the previous year, indicating an increase of about 110%[12] - The total cash and cash equivalents increased by $1,803,425,273.33, compared to a decrease of $1,051,682,863.04 in the prior year[20] - The ending balance of cash and cash equivalents reached $3,371,162,437.60, up from $1,432,451,656.62 in the previous period[20] - The impact of exchange rate changes on cash and cash equivalents was $67,604,002.20, contrasting with -$7,581,997.71 in the prior year[20]