HUAYOU COBALT(SH:603799)2022-10-28 16:00Key Financial Data This section presents the company's key financial performance indicators, non-recurring gains and losses, and the underlying reasons for significant financial changes Key Accounting Data and Financial Indicators In Q3 2022, the company's operating revenue significantly increased by 108.10% year-over-year, while net profit attributable to shareholders decreased by 16.44%; year-to-date, operating revenue grew by 113.69%, and net profit attributable to shareholders increased by 26.98%, with total assets growing by 76.76% from year-end Key Financial Indicators for Q3 2022 and Year-to-Date | Item | Current Period (Q3 2022) | YoY Change (%) | Year-to-Date (YTD 2022) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 17,693,664,070.16 | 108.10 | 48,711,968,337.22 | 113.69 | | Net Profit Attributable to Shareholders of Listed Company (CNY) | 752,251,543.73 | -16.44 | 3,007,765,274.63 | 26.98 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) (CNY) | 726,745,692.85 | -19.41 | 2,919,035,854.42 | 25.91 | | Net Cash Flow from Operating Activities (CNY) | N/A | N/A | -1,839,931,365.92 | -179.57 | | Basic Earnings Per Share (CNY/share) | 0.50 | -13.33 | 1.91 | 25.66 | | Diluted Earnings Per Share (CNY/share) | 0.57 | 0.14 | 1.92 | 26.32 | | Weighted Average Return on Net Assets (%) | 2.94 | -2.09 | 13.47 | -1.64 | Balance Sheet Indicators as of Q3 2022 | Item | End of Current Period (2022) (CNY) | End of Prior Year (CNY) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets (CNY) | 102,498,775,062.85 | 57,989,056,348.94 | 76.76 | | Total Equity Attributable to Shareholders of Listed Company (CNY) | 24,692,435,953.92 | 19,383,590,924.55 | 27.39 | Non-recurring Gains and Losses Items and Amounts In Q3 2022, total non-recurring gains and losses amounted to CNY 25.51 million, and CNY 88.73 million year-to-date, primarily comprising government subsidies, fair value change gains/losses, and other non-operating income/expenses Non-recurring Gains and Losses Items and Amounts | Item | Amount for Current Period (CNY) | Amount Year-to-Date (CNY) | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets (CNY) | -5,720,130.98 | -12,746,840.33 | | Government Subsidies Included in Current Period P&L (CNY) | 19,959,872.29 | 169,983,114.84 | | Fund Occupation Fees Received from Non-financial Enterprises Included in Current Period P&L (CNY) | 1,059,487.03 | 14,298,336.16 | | Fair Value Change Gains/Losses and Investment Income (CNY) | -46,320,834.44 | -126,468,028.35 | | Other Non-operating Income and Expenses (CNY) | -18,258,731.38 | -15,043,414.05 | | Income Tax Impact (CNY) | -20,296,167.89 | 19,615,611.57 | | Impact on Minority Interests (After Tax) (CNY) | -54,490,020.47 | -78,321,863.51 | | Total (CNY) | 25,505,850.88 | 88,729,420.21 | Changes and Reasons for Key Accounting Data and Financial Indicators Significant changes in total assets, operating revenue, and net profit attributable to shareholders are primarily due to financing activities, increased investment in inventory and construction in progress, product sales growth, and the consolidation of Bamo Company, while the decrease in net cash flow from operating activities is mainly attributed to increased inventory and accounts receivable due to expanded production and sales - Total assets increased primarily due to increased monetary funds from financing activities such as convertible bonds and borrowings, along with increased investment in inventory and construction in progress at period-end828 - Operating revenue, net profit attributable to shareholders, and non-recurring net profit increased mainly due to product sales growth and the consolidation of Bamo Company828 - Net cash flow from operating activities decreased primarily due to increased inventory and accounts receivable resulting from expanded production and sales scale828 - Basic and diluted earnings per share increased primarily due to the growth in net profit attributable to shareholders of the listed company828 Shareholder Information This section details the total number of common shareholders and the holdings of the top ten shareholders, including their nature and any pledge status Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of September 30, 2022, the company had 176,901 common shareholders; among the top ten, Zhejiang Huayou Holding Group Co., Ltd. held 16.29% and Chen Xuehua held 6.88%, both acting in concert with most of their shares pledged - Total number of common shareholders at period-end: 176,901929 Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Percentage (%) | Pledge, Mark, or Freeze Status (number of shares) | | :--- | :--- | :--- | :--- | :--- | | Zhejiang Huayou Holding Group Co., Ltd. | Domestic Non-state-owned Legal Person | 260,313,967 | 16.29 | Pledged 172,379,995 | | Chen Xuehua | Domestic Natural Person | 110,006,461 | 6.88 | Pledged 58,500,000 | | Hong Kong Securities Clearing Company Limited | Other | 97,118,227 | 6.08 | None 0 | | Hangzhou Youyou Enterprise Management Partnership (Limited Partnership) | Other | 74,831,293 | 4.68 | None 0 | | China Construction Bank Co., Ltd. - Huaxia Energy Innovation Stock Fund | Unknown | 21,233,341 | 1.33 | None 0 | | Postal Savings Bank of China Co., Ltd. - Oriental Growth Small and Medium Cap Mixed Open-end Securities Investment Fund | Unknown | 11,889,055 | 0.74 | None 0 | | Industrial and Commercial Bank of China - SSE 50 ETF | Unknown | 11,840,351 | 0.74 | None 0 | | China Merchants Bank Co., Ltd. - Xingquan Hetai Mixed Securities Investment Fund | Unknown | 9,669,714 | 0.61 | None 0 | | Industrial and Commercial Bank of China Co., Ltd. - Huatianfu CSI New Energy Vehicle Industry Index Initiated Securities Investment Fund (LOF) | Unknown | 9,449,621 | 0.59 | None 0 | | Agricultural Bank of China Co., Ltd. - Guotai Smart Car Stock Fund | Unknown | 9,173,882 | 0.57 | None 0 | - Zhejiang Huayou Holding Group Co., Ltd. and Chen Xuehua are parties acting in concert1030 Other Reminders This section confirms there are no other significant operational matters requiring special attention from investors during the reporting period - The company has no other significant operating information requiring special attention from investors during the reporting period1232 Quarterly Financial Statements This section presents the unaudited consolidated financial statements, including the balance sheet, income statement, and cash flow statement for the quarter Type of Audit Opinion This quarter's financial statements are unaudited - The financial statements for this reporting period are unaudited3122332 Financial Statements This section provides the company's consolidated balance sheet as of September 30, 2022, and the consolidated income statement and cash flow statement for the first three quarters of 2022, comprehensively presenting the company's financial position, operating results, and cash flow Consolidated Balance Sheet This consolidated balance sheet provides a snapshot of the company's assets, liabilities, and equity as of September 30, 2022 2022年9月30日合并资产负债表主要数据 | Item | September 30, 2022 (CNY) | December 31, 2021 (CNY) | | :--- | :--- | :--- | | Cash and Cash Equivalents (CNY) | 16,521,254,009.36 | 9,769,484,655.14 | | Accounts Receivable (CNY) | 7,996,953,005.57 | 4,383,773,614.34 | | Inventories (CNY) | 14,662,450,862.03 | 9,034,956,960.99 | | Total Current Assets (CNY) | 48,238,599,711.63 | 26,991,386,321.82 | | Fixed Assets (CNY) | 22,605,337,220.15 | 12,124,449,718.54 | | Construction in Progress (CNY) | 13,605,379,968.07 | 9,820,436,881.46 | | Total Non-current Assets (CNY) | 54,260,175,351.22 | 30,997,670,027.12 | | Total Assets (CNY) | 102,498,775,062.85 | 57,989,056,348.94 | | Short-term Borrowings (CNY) | 11,828,413,181.49 | 8,083,779,844.70 | | Accounts Payable (CNY) | 12,704,215,691.81 | 6,233,172,410.76 | | Total Current Liabilities (CNY) | 48,082,635,906.07 | 25,562,132,852.35 | | Long-term Borrowings (CNY) | 13,215,284,456.02 | 6,738,260,645.42 | | Bonds Payable (CNY) | 6,244,673,894.96 | 0.00 | | Total Non-current Liabilities (CNY) | 23,508,821,886.39 | 8,526,246,376.24 | | Total Liabilities (CNY) | 71,591,457,792.46 | 34,088,379,228.59 | | Total Equity Attributable to Parent Company Shareholders (CNY) | 24,692,435,953.92 | 19,383,590,924.55 | | Total Equity (CNY) | 30,907,317,270.39 | 23,900,677,120.35 | Consolidated Income Statement This consolidated income statement details the company's revenues, expenses, and net profit for the first three quarters of 2022 2022年前三季度合并利润表主要数据 | Item | Q1-Q3 2022 (Jan-Sep) (CNY) | Q1-Q3 2021 (Jan-Sep) (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue (CNY) | 48,711,968,337.22 | 22,796,099,457.17 | 113.69 | | Total Operating Costs (CNY) | 43,801,780,283.03 | 20,080,826,052.26 | 118.13 | | Operating Profit (CNY) | 5,064,557,049.51 | 3,243,631,603.11 | 56.13 | | Total Profit (CNY) | 5,035,475,708.27 | 3,184,083,923.80 | 58.17 | | Net Profit (CNY) | 4,719,074,646.19 | 2,469,659,639.59 | 91.08 | | Net Profit Attributable to Parent Company Shareholders (CNY) | 3,007,765,274.63 | 2,368,710,171.47 | 26.98 | | Minority Interest Income/Loss (CNY) | 1,711,309,371.56 | 100,949,468.12 | 1595.29 | | Total Comprehensive Income (CNY) | 6,084,360,112.12 | 2,326,002,082.96 | 161.58 | | Basic Earnings Per Share (CNY/share) | 1.91 | 1.52 | 25.66 | | Diluted Earnings Per Share (CNY/share) | 1.92 | 1.52 | 26.32 | Consolidated Cash Flow Statement This consolidated cash flow statement outlines the company's cash inflows and outflows from operating, investing, and financing activities for the first three quarters of 2022 2022年前三季度合并现金流量表主要数据 | Item | Q1-Q3 2022 (Jan-Sep) (CNY) | Q1-Q3 2021 (Jan-Sep) (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities (CNY) | -1,839,931,365.92 | 2,312,452,488.29 | | Net Cash Flow from Investing Activities (CNY) | -18,998,634,556.36 | -6,502,337,634.41 | | Net Cash Flow from Financing Activities (CNY) | 22,636,826,938.82 | 8,938,639,262.53 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents (CNY) | 1,817,954,969.03 | -49,484,705.87 | | Net Increase in Cash and Cash Equivalents (CNY) | 3,616,215,985.57 | 4,699,269,410.54 | | Cash and Cash Equivalents at Period-end (CNY) | 9,724,609,381.32 | 6,188,748,917.24 |