五洲特纸(605007) - 2022 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2022 reached ¥1,577,104,007.93, representing a year-on-year increase of 50.33%[6] - The net profit attributable to shareholders was ¥10,318,367.78, a significant decrease of 80.54% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,631,934.25, down 94.91% year-on-year[6] - Basic earnings per share for the period were ¥0.03, a decline of 76.92% compared to the previous year[6] - Total operating revenue for the first three quarters of 2022 reached CNY 4,550,519,797.35, a significant increase from CNY 2,684,033,249.16 in the same period of 2021, representing a growth of approximately 69.7%[23] - Net profit for the third quarter of 2022 was CNY 223,987,450.44, down from CNY 314,121,288.78 in the same quarter of 2021, reflecting a decrease of approximately 28.6%[25] - Basic earnings per share for the third quarter of 2022 were CNY 0.56, compared to CNY 0.79 in the same quarter of 2021, showing a decline of approximately 29.1%[26] - The company reported a total comprehensive income of CNY 223,987,450.44 for the third quarter of 2022, down from CNY 314,121,288.78 in the same quarter of 2021, reflecting a decrease of about 28.6%[26] Assets and Liabilities - Total assets increased to ¥6,347,851,579.85, reflecting a growth of 39.65% compared to the end of the previous year[6] - As of September 30, 2022, total assets amounted to RMB 6,347,851,579.85, an increase from RMB 4,545,566,769.62 at the end of 2021, reflecting a growth of approximately 39.6%[19] - Current assets totaled RMB 3,227,190,433.28, up from RMB 2,198,106,677.84, indicating a growth of about 47% year-over-year[18] - The company reported a significant increase in non-current assets, totaling RMB 3,120,661,146.57, up from RMB 2,347,460,091.78, reflecting a growth of around 32.8%[19] - The company’s total liabilities increased significantly, reflecting a growing leverage position, with current liabilities rising to RMB 2,809,000,000[19] - Total liabilities as of the third quarter of 2022 were CNY 4,128,127,793.37, compared to CNY 2,429,847,973.90 in the previous year, indicating an increase of approximately 70.0%[21] Cash Flow - The company's operating cash flow for the year-to-date was ¥266,676,291.69, down 15.15% year-on-year[6] - Cash inflow from operating activities for the first three quarters of 2022 totaled CNY 4,301,821,653.92, up from CNY 2,901,081,594.46 in 2021, representing an increase of about 48.4%[30] - The net cash flow from operating activities was 266,676,291.69, a decrease of 15.1% compared to 314,277,810.74 in the previous year[31] - Cash outflow from operating activities totaled 4,035,145,362.23, an increase of 56.3% from 2,586,803,783.72 year-over-year[31] - The net cash flow from investing activities was -1,395,537,529.68, worsening from -347,756,321.47 in the same quarter last year[31] - Cash inflow from investing activities amounted to 1,333,464,747.52, significantly higher than 200,769,310.04 in the previous year[31] - Cash outflow from investing activities reached 2,729,002,277.20, up from 548,525,631.51 year-over-year[31] - The net cash flow from financing activities was 582,888,773.08, compared to -19,651,477.35 in the same quarter last year[32] - Cash inflow from financing activities totaled 2,269,849,170.08, an increase of 98.0% from 1,147,116,269.39 year-over-year[32] - The ending cash and cash equivalents balance was 142,112,960.10, compared to 97,519,842.31 at the end of the previous year[32] - The total cash and cash equivalents decreased by 564,059,331.25 during the quarter[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,847[14] - The company's total equity attributable to shareholders reached CNY 2,219,723,786.48, up from CNY 2,115,718,795.72 in 2021, reflecting a growth of about 4.9%[21] Operational Insights - The gross profit margin decreased due to rising raw material costs, impacting the overall profitability[12] - The company reported a significant increase in sales volume attributed to capacity release, contributing to revenue growth[11] - Research and development expenses for the first three quarters of 2022 amounted to CNY 124,587,580.61, significantly higher than CNY 39,710,200.13 in 2021, marking an increase of about 213.5%[24] - The total cash outflow for purchasing goods and services in the first three quarters of 2022 was CNY 3,330,599,850.08, compared to CNY 1,898,583,794.07 in 2021, indicating an increase of approximately 75.4%[30] - The company has not reported any new product launches or technological advancements in this quarter[17] Accounts Receivable and Payable - Accounts receivable increased significantly to RMB 984,162,787.81 from RMB 612,727,690.68, representing a rise of approximately 60.5%[17] - Inventory levels rose to RMB 617,765,436.63 compared to RMB 571,926,081.69, marking an increase of about 8%[18] - The company’s accounts payable rose to RMB 853,624,071.36 from RMB 402,872,059.39, indicating an increase of approximately 111%[19] - Short-term borrowings increased to RMB 1,673,237,119.59 from RMB 1,047,007,691.46, which is an increase of approximately 60%[19]