First(SH:603806)2023-10-27 16:00Revenue and Profit - Revenue for Q3 2023 reached CNY 6,033,698,085.40, an increase of 33.16% compared to the same period last year[2] - Net profit attributable to shareholders was CNY 546,274,994.92, up 14.68% year-on-year[2] - Basic earnings per share for the quarter was CNY 0.30, representing a 20.00% increase compared to the previous year[4] - Total operating revenue for the first three quarters of 2023 reached ¥16,649,610,494.16, an increase of 22.8% compared to ¥13,546,348,287.48 in the same period of 2022[19] - Net profit for the first three quarters of 2023 was ¥1,431,512,764.83, a decrease of 6.7% from ¥1,534,116,205.25 in the same period of 2022[21] - The total profit for the first three quarters of 2023 was ¥1,577,728,303.06, down from ¥1,695,615,843.78 in 2022, representing a decrease of 6.9%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 21,949,942,501.68, an increase of 8.69% from the end of the previous year[4] - As of September 30, 2023, the total assets of the company amounted to RMB 21,949,942,501.68, an increase from RMB 20,194,693,049.09 at the end of 2022, representing a growth of approximately 8.68%[14] - The total liabilities of the company were RMB 6,750,722,716.66, compared to RMB 6,184,187,061.55 at the end of 2022, indicating an increase of about 9.15%[16] - The company's equity attributable to shareholders reached RMB 15,136,248,271.81, up from RMB 13,980,961,860.16, marking an increase of approximately 8.3%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -2,289,421,875.27, indicating a significant cash outflow[3] - Cash inflow from operating activities for the first three quarters of 2023 totaled ¥12,990,031,581.50, compared to ¥10,573,094,778.83 in 2022, marking a 22.5% increase[24] - Cash outflow from operating activities for the first three quarters of 2023 was ¥15,279,453,456.77, up from ¥11,749,380,592.12 in 2022, indicating a 30.3% increase[24] - Net cash flow from operating activities for Q3 2023 was -$2.29 billion, compared to -$1.18 billion in Q3 2022, indicating a significant decline[25] - The net increase in cash and cash equivalents was -$2.53 billion, compared to -$200.07 million in the previous year[25] - The ending balance of cash and cash equivalents was $3.71 billion, down from $2.32 billion year-over-year[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,005[8] - The company has repurchased a total of 2,110,200 shares, accounting for 0.11% of the total share capital, with a total expenditure of RMB 64,577,891.78[11] - The third phase of the employee stock ownership plan holds 511,840 shares, while the fourth phase holds 3,649,548 shares, which is still under lock-up[12] Expenses and Financial Performance - Total operating costs for the first three quarters of 2023 were ¥15,070,241,554.78, up from ¥11,500,568,720.14 in 2022, reflecting a 31.1% increase[20] - Research and development expenses for the first three quarters of 2023 amounted to ¥514,766,431.90, compared to ¥462,758,557.25 in 2022, reflecting an increase of 11.2%[20] - The company reported a financial expense of -¥4,762,954.67 in the first three quarters of 2023, a significant improvement from -¥95,318,307.04 in the same period of 2022[20] - The company's cash and cash equivalents decreased to RMB 3,788,249,699.68 from RMB 6,265,957,361.09, a decline of about 39.6%[14] Inventory and Receivables - Accounts receivable increased to RMB 4,994,535,231.49, up from RMB 3,776,155,547.92, reflecting a growth of approximately 32.3%[14] - The company's inventory as of September 30, 2023, was RMB 3,675,865,506.71, compared to RMB 3,515,598,210.73 at the end of 2022, representing an increase of about 4.56%[14] Borrowings - The company's short-term borrowings increased to RMB 1,920,224,971.48 from RMB 1,297,253,931.93, reflecting a rise of approximately 48.1%[15] - The company's long-term borrowings related to bonds were RMB 2,597,024,933.61, compared to RMB 2,514,785,391.00 at the end of 2022, indicating an increase of approximately 3.3%[16]