TYSJ(SH:688033)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 253,484,253.89, representing a year-on-year increase of 66.29%[6] - The net profit attributable to shareholders for the same period was CNY 51,609,742.90, up 17.76% compared to the previous year[6] - The basic earnings per share for Q3 2022 was CNY 0.11, a 10.00% increase compared to the same period last year[6] - Net profit for the first three quarters of 2022 was ¥132,162,737.95, up from ¥100,278,530.05 in 2021, reflecting a growth of approximately 31.8%[18] - The company reported a basic earnings per share of ¥0.28 for the first three quarters of 2022, compared to ¥0.22 in the same period of 2021, indicating an increase of approximately 27.3%[19] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 6,473,530,426.87, a 94.00% increase from the end of the previous year[7] - The total equity attributable to shareholders at the end of the reporting period was CNY 5,021,457,808.61, a 94.12% increase from the previous year[7] - The company's total liabilities amounted to ¥1,399,324,873.88, while total equity was ¥5,074,205,552.99, resulting in a debt-to-equity ratio of approximately 27.5%[16] - The total liabilities and equity combined reached ¥6,473,530,426.87, up from ¥3,336,855,380.89 in the previous year, showing a growth of about 94.3%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -136,137,610.35, a decline of 470.98% compared to the previous year[6] - In the first three quarters of 2022, the cash inflow from operating activities was approximately $399.41 million, a decrease of 2.84% compared to $409.58 million in the same period of 2021[22] - The net cash outflow from operating activities in 2022 was approximately -$136.14 million, contrasting with a positive cash flow of $36.70 million in 2021[22] - The cash inflow from investment activities was approximately $1.97 million in 2022, significantly lower than $54.09 million in 2021[22] - The net cash outflow from investment activities in 2022 was approximately -$589.07 million, compared to -$468.33 million in 2021, indicating increased investment expenditures[22] - The cash inflow from financing activities reached approximately $2.99 billion in 2022, a substantial increase from $220 million in 2021[23] - The net cash flow from financing activities was approximately $2.67 billion in 2022, compared to $182.02 million in 2021, reflecting strong financing efforts[23] - The total cash and cash equivalents at the end of 2022 amounted to approximately $2.56 billion, up from $916.47 million at the end of 2021[23] - The company experienced a net increase in cash and cash equivalents of approximately $1.94 billion in 2022, contrasting with a decrease of -$249.62 million in 2021[23] Research and Development - Research and development expenses for the quarter amounted to CNY 22,729,583.59, reflecting a 59.77% increase year-on-year[7] - Research and development expenses for the first three quarters of 2022 were ¥59,775,825.52, compared to ¥48,495,487.11 in 2021, marking an increase of about 23.5%[17] Investments and Growth Initiatives - The company successfully raised a net amount of RMB 2,296,586,846.24 from the issuance of 111,438,808 shares to specific investors, which will support future growth initiatives[12] - The company plans to expand its market presence and invest in new product development to drive future growth[20] - The company has completed the expansion of its railway product certification at its Fangshan production base, enabling it to produce high-speed train brake pads[11] - The company’s subsidiary, Beijing Tianren Daohe New Materials Co., Ltd., has obtained qualifications to produce military products, enhancing its market capabilities[11] Employee and Tax Expenses - The company reported a significant increase in cash paid to employees, totaling approximately $147.24 million in 2022, compared to $98.15 million in 2021, indicating a focus on workforce investment[22] - The cash paid for taxes in 2022 was approximately $62.61 million, an increase from $45.81 million in 2021, reflecting higher tax obligations[22]