Xinyichang(SH:688383)2022-10-27 16:00Financial Performance - The company's revenue for Q3 2022 was CNY 360,530,152.40, representing a year-over-year increase of 19.46%[6] - The net profit attributable to shareholders for Q3 2022 was CNY 86,276,391.26, reflecting a significant increase of 50.15% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 76,821,283.07, up 43.52% year-over-year[6] - Basic and diluted earnings per share for Q3 2022 were both CNY 0.85, an increase of 51.79% compared to the previous year[9] - The total operating revenue for the first three quarters of 2022 reached ¥1,005,545,317.33, an increase of 26.3% compared to ¥795,764,917.12 in the same period of 2021[27] - The net profit for the first three quarters of 2022 was ¥243,764,359.48, compared to ¥182,968,821.12 in the previous year, indicating a growth of 33.2%[30] - The net profit for the third quarter of 2022 was CNY 207,406,926.83, an increase of 32.5% compared to CNY 156,511,251.53 in the same period of 2021[34] - The total comprehensive income for the third quarter of 2022 was CNY 207,406,926.83, compared to CNY 156,511,251.53 in the same period of 2021, indicating a growth of 32.5%[36] Assets and Liabilities - The company's total assets at the end of Q3 2022 were CNY 2,502,816,332.74, a 2.86% increase from the end of the previous year[9] - The total liabilities decreased to ¥1,108,642,761.10 from ¥1,175,651,565.26, showing a reduction of approximately 5.7%[26] - The company's equity attributable to shareholders rose to ¥1,386,993,863.15, up from ¥1,249,475,186.40, reflecting an increase of 10.9%[26] Cash Flow - The cash flow from operating activities was negative at CNY -151,202,560.18 for the year-to-date period[6] - Cash inflows from operating activities totaled CNY 527,733,072.57, compared to CNY 455,883,539.92 in the same period last year, reflecting a growth of 15.7%[38] - The net cash flow from operating activities was negative at CNY -151,202,560.18, an improvement from CNY -161,140,576.19 in the previous year[40] - Cash inflows from investment activities amounted to CNY 431,390,250.87, significantly higher than CNY 80,466,180.00 in the same period of 2021[40] - The net cash flow from investment activities was CNY 51,228,256.98, a recovery from a negative cash flow of CNY -289,398,753.23 in the previous year[40] Shareholder Information - Total number of common shareholders at the end of the reporting period was 3,541[16] - The top ten shareholders include Hu Xinrong and Song Changning, who are acting in concert, holding 36.85% and 30.15% of shares respectively[18] Research and Development - Research and development expenses for Q3 2022 amounted to CNY 21,239,586.16, accounting for 5.89% of the revenue, a decrease of 0.81 percentage points year-over-year[9] - Research and development expenses for the first three quarters of 2022 were ¥61,279,616.50, compared to ¥47,971,640.86 in 2021, representing a year-over-year increase of 27.5%[30] Market Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[19] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[42] Other Financial Metrics - The weighted average return on equity for Q3 2022 was 6.40%, an increase of 1.38 percentage points compared to the previous year[9] - The company's cash and cash equivalents increased significantly, with short-term borrowings rising to ¥474,095,046.83 from ¥193,168,346.94, marking a growth of 145.5%[26] - Cash and cash equivalents increased to approximately CNY 312.94 million from CNY 177.35 million year-over-year, representing a growth of 76.2%[21] - Accounts receivable rose to CNY 721.67 million, up from CNY 567.41 million, indicating a year-over-year increase of 27.1%[21] - Inventory decreased to CNY 666.68 million from CNY 840.64 million, reflecting a decline of 20.6%[21] - Total current assets amounted to CNY 2.03 billion, slightly down from CNY 2.06 billion year-over-year, a decrease of 1.4%[21] - The company reported a significant increase in prepayments, which rose to CNY 6.22 million from CNY 3.14 million, a growth of 98.8%[21] - The deferred income tax assets increased to ¥25,892,848.59 from ¥18,979,201.59, indicating a growth of 36.4%[26]