GRANDWALL(SH:603897)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥2,021,264,736.45, a decrease of 31.41% compared to the same period last year[5] - The net profit attributable to shareholders was -¥19,044,796.40, representing a decline of 122.49% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥12,370,072.61, down 115.62% from the previous year[5] - Basic earnings per share were -¥0.09, a decrease of 119.57% compared to the same period last year[6] - Diluted earnings per share also stood at -¥0.09, reflecting a decline of 121.95% year-on-year[6] - Total operating revenue for the first three quarters of 2022 was CNY 7,470,673,143.53, a decrease of 6.7% compared to CNY 8,011,966,421.47 in the same period of 2021[23] - Net profit for the first three quarters of 2022 was CNY 94,860,266.95, a decline of 67.9% from CNY 294,913,841.24 in the same period of 2021[24] - Earnings per share for the first three quarters of 2022 were CNY 0.46, compared to CNY 1.64 in the same period of 2021[25] Cash Flow and Liquidity - The cash flow from operating activities showed a significant increase of 274.55%, totaling ¥791,705,546.14 year-to-date[6] - Cash flow from operating activities for the first three quarters of 2022 was CNY 791,705,546.14, a significant improvement from a negative cash flow of CNY -453,568,755.47 in 2021[28] - The net cash flow from investing activities was -$269.55 million, a significant decrease compared to $491.37 million in the previous period[29] - Cash inflow from financing activities totaled $799.88 million, up from $252.26 million year-over-year[29] - The net cash flow from financing activities was $719.85 million, contrasting with a negative $74.37 million in the prior period[29] - The total cash and cash equivalents at the end of the period reached $1.65 billion, an increase from $556.30 million at the beginning of the period[29] - The company experienced a net increase in cash and cash equivalents of $1.24 billion, compared to a decrease of $36.92 million in the previous year[29] Assets and Liabilities - Total assets increased by 29.36% to ¥5,734,092,956.55 compared to the end of the previous year[6] - Total current assets reached RMB 4,619,307,492.16, an increase from RMB 3,490,482,192.57 year-over-year[18] - Total assets increased to RMB 5,734,092,956.55 from RMB 4,432,774,362.62, reflecting a growth of about 29.3%[19] - Short-term borrowings rose significantly to RMB 789,864,694.46 from RMB 197,833,738.85, marking an increase of approximately 299%[19] - Total liabilities reached RMB 3,030,002,710.58, up from RMB 2,220,326,543.10, representing an increase of around 36.5%[19] - Total liabilities as of the end of Q3 2022 were CNY 3,030,002,710.58, compared to CNY 1,720,326,543.10 in the previous year[20] - Total assets as of the end of Q3 2022 were CNY 5,734,092,956.55, an increase from CNY 4,432,774,362.62 in the previous year[20] Operational Costs and Expenses - The company attributed the decline in net profit to increased costs of raw materials and electricity, as well as a decrease in sales volume[10] - Total operating costs for the first three quarters of 2022 were CNY 7,316,318,431.85, down 5.2% from CNY 7,716,603,180.15 in 2021[23] - Research and development expenses for the first three quarters of 2022 were CNY 124,515,940.24, slightly down from CNY 129,040,733.24 in 2021[24] - Sales expenses increased to CNY 7,179,752.75 in the first three quarters of 2022, compared to CNY 5,994,172.57 in 2021[24] - Management expenses rose to CNY 35,610,113.95 in the first three quarters of 2022, up from CNY 24,450,714.49 in 2021[24] Government Support and Future Outlook - The company received government subsidies amounting to ¥3,261,959.19 during the reporting period[8] - The company has not disclosed any new product or technology developments during this reporting period[15] - There are no updates on market expansion or mergers and acquisitions mentioned in the report[15] - The company has not provided specific future outlook or performance guidance in this report[15] - The company did not apply new accounting standards or interpretations for the year 2022[30]