SUNSTONE(SH:603612)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 reached ¥5,746,959,487.33, representing a year-on-year increase of 114.28%[6] - Net profit attributable to shareholders for Q3 2022 was ¥397,042,538.41, an increase of 117.75% compared to the same period last year[6] - Basic earnings per share for Q3 2022 was ¥0.86, reflecting a growth of 104.76% year-on-year[9] - The net profit attributable to shareholders for the year-to-date was ¥964,858,689.35, showing a year-on-year increase of 103.68%[6] - Total operating revenue for the first three quarters of 2022 reached CNY 13,710,009,343.17, a significant increase from CNY 6,608,330,801.90 in the same period of 2021, representing a growth of approximately 107%[35] - Net profit for the third quarter of 2022 was CNY 1,252,686,925.82, compared to CNY 581,161,643.12 in the third quarter of 2021, indicating an increase of about 116%[37] - Total comprehensive income amounted to CNY 1,254,959,416.58, an increase from CNY 578,842,151.07 in the previous year[40] - Basic earnings per share increased to CNY 2.10 from CNY 1.08, while diluted earnings per share rose to CNY 2.09 from CNY 1.07[40] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥17,785,387,200.95, a 46.49% increase from the end of the previous year[9] - The company's total liabilities amounted to CNY 10,893,948,373.23, up from CNY 6,775,321,947.40 in the previous year, reflecting a growth of approximately 61%[34] - The total equity attributable to shareholders of the parent company increased to CNY 5,443,531,444.05 from CNY 4,513,309,706.48, marking a rise of about 21%[34] - The company's total assets were reported at CNY 17,785,387,200.95, compared to CNY 12,141,273,143.40 in the previous year, reflecting an increase of about 46%[34] - Short-term borrowings increased to ¥6.11 billion from ¥3.63 billion, representing a rise of 68.3%[28] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥622,776,990.48, indicating increased cash expenditures related to operational activities[6] - Cash inflow from operating activities totaled CNY 15,999,728,783.20, compared to CNY 7,267,248,592.62 in the same period last year[44] - Cash outflow from operating activities was CNY 16,622,505,773.68, leading to a net cash flow from operating activities of CNY -622,776,990.48, worsening from CNY -328,358,456.49[44] - Net cash flow from investing activities was CNY -1,356,912,994.06, compared to CNY -1,068,330,902.43 in the previous year[46] - Cash inflow from financing activities reached CNY 6,973,290,255.93, up from CNY 4,649,680,369.08 year-over-year[46] - Net cash flow from financing activities improved to CNY 2,084,395,879.18 from CNY 1,275,029,504.70[46] - The ending balance of cash and cash equivalents was CNY 1,011,059,021.24, compared to CNY 598,868,444.17 at the end of the previous year[46] - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 15,848,332,189.28, compared to CNY 7,216,467,164.07 in the prior year[44] Operational Insights - The company attributed the revenue growth primarily to the increased production capacity and sales of prebaked anodes, along with significant price increases[12] - The company plans to continue expanding its production capacity and improving operational efficiency to enhance profitability[14] - The company is focused on expanding its market presence and developing new technologies to drive future growth[24] - The company has established strategic partnerships with several investment funds, enhancing its capital structure and shareholder base[23] - The company's subsidiary, Suotong Yun Aluminum, has commenced trial production of a 300kt/a prebaked anode project, aiming for full production capacity of 2.82 million tons per year by year-end[24] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 143,508,794.49, compared to CNY 88,751,342.60 in the same period of 2021, showing an increase of approximately 62%[35]