TC(SH:603421)2022-10-25 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥816,512,296.40, representing a year-on-year increase of 36.35%[2] - The net profit attributable to shareholders was ¥97,756,670.27, a significant increase of 893.07% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2022 reached ¥1,804,779,828.93, a significant increase of 37.1% compared to ¥1,315,034,566.07 in the same period of 2021[15] - Net profit for the third quarter of 2022 was ¥74,628,242.93, a turnaround from a net loss of ¥43,747,530.58 in the same quarter of 2021[17] - The net profit for the first three quarters of 2022 was ¥141,447,547.22, recovering from a net loss of ¥1,118,658.85 in the previous year[26] - The total profit for the first three quarters of 2022 was ¥75,438,102.73, compared to a loss of ¥47,107,455.32 in the same period of 2021[16] Earnings and Shares - The basic and diluted earnings per share were both ¥0.15, reflecting a 650.00% increase year-on-year[3] - Basic and diluted earnings per share for the third quarter of 2022 were both ¥0.11, compared to a loss of ¥0.07 per share in the same quarter of 2021[18] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,285,939,687.39, up 3.36% from the end of the previous year[3] - Current assets totaled RMB 3,674,903,657.53, compared to RMB 3,512,866,961.48 as of December 31, 2021, reflecting a growth of approximately 4.6%[11] - Total liabilities reached RMB 2,006,189,655.53, up from RMB 1,861,137,009.23, representing an increase of about 7.8%[13] - The company's total equity attributable to shareholders was RMB 3,279,750,031.86, compared to RMB 3,252,731,696.54, reflecting a growth of approximately 0.8%[13] Cash Flow - The company reported a net cash flow from operating activities of -¥419,305,805.23 for the year-to-date period[3] - Cash inflow from operating activities for the first three quarters of 2022 totaled ¥2,552,528,584.94, an increase of 40.6% from ¥1,814,939,427.21 in the same period of 2021[20] - The net cash flow from operating activities was negative at -¥499,290,366.53, worsening from -¥26,446,554.65 in the same period last year[28] Expenses - The company's financial expenses increased by 79.56% due to higher interest expenses from increased credit borrowings[6] - Research and development expenses for the first three quarters of 2022 amounted to ¥299,127,016.01, up 24.7% from ¥239,859,679.57 in the previous year[16] - Sales expenses increased to ¥282,177,384.69 in the first three quarters of 2022, compared to ¥250,801,988.75 in the same period of 2021, reflecting a rise of 12.5%[16] Inventory and Borrowings - The inventory increased by 36.97% as a result of higher reserves of raw materials and finished products[6] - The company experienced a 666.67% increase in short-term borrowings, indicating a significant rise in bank credit utilization[6] - Long-term borrowings increased significantly to 390,000,000.00 RMB from 30,000,000.00 RMB, marking a growth of 1,200%[24] Other Income and Refunds - The company received a VAT refund of ¥53,642,905.86, which is classified as a recurring income item due to its relevance to normal business operations[5] - The company received tax refunds amounting to ¥93,239,203.54 in the first three quarters of 2022, compared to ¥49,920,359.40 in the same period of 2021, indicating an increase of 86.5%[20] - The company reported other income of ¥61,366,566.73 for the first three quarters of 2022, compared to ¥48,333,064.06 in the same period of 2021, marking a growth of 27.0%[16]