Piotech (SH:688072)2022-10-28 16:00Financial Performance - The company's revenue for Q3 2022 reached ¥468,306,876.31, representing a 79.19% increase compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2022 was ¥129,370,235.32, a 65.87% increase year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥62,624,489.57, up 40.40% from the previous year[2] - The net profit margin for Q3 2022 improved to 48.32%, up 2.54 percentage points from the previous year[7] - The company reported a net profit of ¥321,313,366.41 for the first three quarters of 2022, a significant increase from ¥83,820,438.97 in the same period of 2021, representing a growth of approximately 284.5%[19] - The net profit for Q3 2022 was CNY 234,738,128.92, a significant increase from CNY 57,048,733.85 in Q3 2021, representing a growth of approximately 311%[21] - The total operating profit for Q3 2022 was CNY 226,752,536.42, significantly higher than CNY 56,271,209.47 in Q3 2021, showing an increase of approximately 303%[21] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥5,875,713,082.98, reflecting a 133.37% increase compared to the end of the previous year[4] - Total liabilities reached ¥2,316,390,922.85 in the third quarter of 2022, up from ¥1,324,390,602.63 in 2021, which is an increase of approximately 75.1%[18] - The total cash and cash equivalents at the end of the third quarter of 2022 were not explicitly stated but are included in the total assets figure, indicating a strong liquidity position[19] Shareholder Information - The top shareholder, National Integrated Circuit Industry Investment Fund Co., Ltd., holds 25,121,755 shares, representing 19.86% of total shares[9] - The second-largest shareholder, Guotou (Shanghai) Venture Capital Management Co., Ltd., holds 17,297,297 shares, accounting for 13.68% of total shares[9] - The total number of ordinary shareholders at the end of the reporting period was 4,703[9] - The company reported a total of 6,233,158 shares held by Qingdao Runyang Jiahe Investment Partnership, accounting for 4.93% of total shares[10] - The company has not confirmed any related party relationships among its top shareholders[13] Research and Development - The company's R&D investment for Q3 2022 was ¥103,301,312.35, which accounted for 22.06% of its revenue, an increase of 3.36 percentage points year-over-year[4] - Research and development expenses amounted to ¥220,818,324.30 in the first three quarters of 2022, up from ¥129,556,328.43 in 2021, reflecting a growth of approximately 70.5%[20] Cash Flow - The net cash flow from operating activities for Q3 2022 was negative at CNY -117,613,970.27, worsening from CNY -75,972,748.05 in Q3 2021[23] - The company recorded a net cash outflow from investing activities of CNY -1,628,372,087.50 in Q3 2022, compared to CNY -104,272,297.26 in Q3 2021[24] - The net cash inflow from financing activities for Q3 2022 was CNY 2,122,048,144.83, contrasting with a net outflow of CNY -3,595,567.76 in Q3 2021[24] - The company received CNY 3,200,000,000.00 from investment recoveries in Q3 2022, indicating a strong cash inflow from investments[23] Inventory and Receivables - The company's inventory increased to ¥2,090,125,811.21 in the third quarter of 2022, compared to ¥953,158,229.28 in 2021, indicating a rise of approximately 119.4%[17] - Accounts receivable increased to ¥121,258,514.06 from ¥102,604,593.92, reflecting a growth of approximately 18.1% year-over-year[16] Stock and Incentives - The company has approved a stock incentive plan and a stock appreciation rights incentive plan during the reporting period, which was disclosed on October 1, 2022[15] - The company has engaged in securities lending activities, with 475,500 shares lent out as part of its strategic asset management plan[13]