Autel(SH:688208)2023-10-20 16:00Financial Performance - The company's operating revenue for the third quarter reached ¥741,913,291.43, representing a year-on-year increase of 45.19%[5] - The net profit attributable to shareholders for the third quarter was ¥77,509,042.50, a significant increase of 367.54% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥78,222,199.21, reflecting an increase of 815.11% year-on-year[5] - The company reported a significant increase in net profit attributable to shareholders for the year-to-date period, which rose by 160.72% compared to the same period last year[27] - Total operating revenue for the first nine months of 2023 reached ¥2,189,589,090.79, a significant increase from ¥1,544,073,514.52 in the same period of 2022, representing a growth of approximately 41.4%[39] - Net profit attributable to the parent company for the first nine months of 2023 was ¥1,291,632,498.36, up from ¥1,025,095,627.60 in 2022, reflecting a growth of approximately 25.9%[37] - The company reported a comprehensive income total of ¥235,270,514.53 for the third quarter of 2023, compared to ¥140,517,539.31 in the same quarter of 2022, indicating a growth of approximately 67.4%[42] - Net profit for the first three quarters of 2023 reached CNY 240,054,093.25, compared to CNY 102,230,530.61 in the same period of 2022, marking an increase of approximately 134%[62] Market Performance - Revenue from the European market grew by 34.39%, driven by rapid growth in digital energy charging pile revenue during the reporting period[14] - Revenue from the North American market increased by 67.45%, primarily due to rising demand for digital energy charging piles, ADAS products, and TPMS products[29] - Revenue from the North American market increased by 67.45% year-on-year, totaling ¥1,138,854,725.59 compared to ¥680,096,838.53 in the same period last year[49] - Revenue from the European market grew by 34.39%, reaching ¥337,114,096.49, up from ¥250,839,851.13 in the previous year[49] - Revenue from China and other markets increased by 16.56%, totaling ¥669,458,525.88, compared to ¥574,332,929.96 in the same period last year[50] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥5,616,780,646.57, which is a 7.32% increase compared to the end of the previous year[22] - The total assets as of September 30, 2023, amounted to ¥5,616,780,646.57, an increase from ¥5,233,545,202.19 at the end of 2022[37] - Total liabilities increased to CNY 2,350,247,952.29 from CNY 2,206,019,256.01, reflecting a rise of approximately 6.53%[58] - The company’s non-current assets totaled CNY 1,848,404,023.54, an increase from CNY 1,685,859,967.20, representing a growth of approximately 9.66%[57] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥163,936,498.38[22] - The net cash flow from operating activities for the first three quarters of 2023 was ¥163,936,498.38, a significant improvement compared to a net outflow of ¥364,782,370.27 in the same period of 2022[44] - The total cash inflow from operating activities was ¥2,451,767,087.97, up from ¥1,719,458,647.63 in the previous year[44] - The company reported a significant increase in cash received from sales and services, amounting to ¥2,318,485,217.07 for the first three quarters of 2023, compared to ¥1,499,038,509.81 in the same period of 2022[43] - The company received cash from investment recovery amounting to ¥1,713,612,752.36, a substantial increase from ¥262,215,703.06 in the same period last year[44] Research and Development - The company's R&D investment totaled ¥149,127,811.65, accounting for 20.10% of operating revenue, a decrease of 10.53 percentage points year-on-year[22] - Research and development expenses for the first nine months of 2023 were ¥376,826,820.97, slightly down from ¥394,483,631.12 in the same period of 2022, showing a decrease of about 4.5%[39] Earnings Per Share - The basic earnings per share for the third quarter was ¥0.17, while the diluted earnings per share was ¥0.16[22] - Basic earnings per share for the third quarter of 2023 were ¥0.59, compared to ¥0.23 in the same quarter of 2022, marking an increase of 156.5%[42] - Basic earnings per share for the reporting period was ¥325.00, compared to ¥156.52 for the year-to-date period[49] Cash and Equivalents - Cash and cash equivalents as of September 30, 2023, were ¥1,176,510,497.40, down from ¥1,445,655,629.76 at the end of 2022, representing a decrease of approximately 18.6%[34] - Cash and cash equivalents at the end of the period were CNY 1,162,295,787.46, down from CNY 1,195,905,395.93, indicating a decrease of about 2.82%[67] Other Financial Information - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[48] - The company’s short-term borrowings were reported at CNY 150,140,250.00, with no short-term borrowings reported in the previous year[58] - The company’s total equity attributable to shareholders as of September 30, 2023, was ¥3,311,513,518.52, compared to ¥3,046,029,863.81 at the end of 2022, reflecting an increase of approximately 8.7%[37] - The company’s total equity increased slightly to CNY 451,872,622.00 from CNY 451,869,675.00, showing a marginal growth[58] - The company’s deferred tax assets rose to CNY 274,609,905.81 from CNY 248,814,653.40, reflecting an increase of approximately 10.38%[57]