First(SH:603806)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was RMB 4,531,113,062.70, representing a year-on-year increase of 40.98%[4] - The net profit attributable to shareholders for the same period was RMB 476,365,191.00, with a year-on-year growth of 10.10%[4] - The basic earnings per share for Q3 2022 was RMB 0.36, reflecting a 9.09% increase compared to the same period last year[5] - Total operating revenue for the first three quarters of 2022 reached ¥13,546,348,287.48, a significant increase of 51.5% compared to ¥8,929,655,522.64 in the same period of 2021[15] - Net profit for Q3 2022 reached CNY 1,534,116,205.25, compared to CNY 1,337,944,338.47 in Q3 2021, reflecting an increase of about 14.7%[18] - Total comprehensive income attributable to the parent company's owners for Q3 2022 was CNY 1,261,123,697.46, compared to CNY 1,336,280,265.78 in Q3 2021, showing a decrease of about 5.6%[19] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 17,492,783,890.01, marking a 27.80% increase from the end of the previous year[5] - Current assets as of September 30, 2022, totaled ¥13,941,626,951.32, up from ¥10,756,372,539.43 at the end of 2021, reflecting a growth of 29.5%[12] - Total liabilities amounted to ¥4,099,026,063.93, which is a substantial increase from ¥1,497,880,520.85 in the previous year[14] - The company's equity attributable to shareholders was ¥13,364,125,534.57, up from ¥12,176,177,692.64, indicating a growth of 9.8%[14] - Total assets as of September 30, 2022, are ¥17,492,783,890.01, compared to ¥13,687,964,760.32 at the end of 2021[35] Cash Flow - The company reported a net cash flow from operating activities of RMB -1,176,285,813.29 for the year-to-date period, indicating a significant cash outflow[4] - The company reported a net cash flow from investment activities of -¥25,302,453.32, a significant decrease compared to the previous year's net cash inflow of ¥1,747,688,272.78[26] - The net cash flow from operating activities was negative CNY 1,176,285,813.29, worsening from negative CNY 735,497,657.55 year-over-year[42] - Cash inflow from financing activities amounted to CNY 1,468,876,167.49, while cash outflow was CNY 543,612,043.28, resulting in a net cash flow from financing activities of CNY 925,264,124.21[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 1,331,545,247[8] - The largest shareholder, Hangzhou Foster Technology Group Co., Ltd., held 48.45% of the shares[8] - The total number of common shareholders at the end of the reporting period is 1,331,545,247 shares[30] - The largest shareholder, Hangzhou Foster Technology Group Co., Ltd., holds 645,072,814 shares, accounting for 48.45% of total shares[30] Operating Costs and Expenses - Total operating costs for Q3 2022 were CNY 11,500,568,720.14, an increase from CNY 7,394,791,321.39 in Q3 2021, representing a growth of approximately 55.5%[17] - Research and development expenses amounted to CNY 462,758,557.25 in Q3 2022, up from CNY 308,131,334.53 in Q3 2021, indicating a rise of approximately 50%[17] Market and Growth Strategy - The increase in operating revenue was primarily driven by the rise in both volume and price of photovoltaic films and backsheets[7] - The company is focusing on expanding its market presence and developing new products and technologies to drive future growth[11]