2022-10-28 16:00Financial Performance - In Q3 2022, the company achieved operating revenue of approximately 1.00 billion RMB, a year-on-year increase of 42.49%[5] - The net profit attributable to shareholders in Q3 2022 was approximately 329 million RMB, representing a year-on-year growth of 69.50%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses in Q3 2022 was approximately 316 million RMB, up 81.65% year-on-year[5] - For the first nine months of 2022, the company reported operating revenue of approximately 2.70 billion RMB, an increase of 47.63% compared to the same period last year[6] - The net profit attributable to shareholders for the first nine months of 2022 was approximately 859 million RMB, reflecting a significant year-on-year growth of 121.31%[6] - Revenue for Q3 (July to September) increased by 42.49% due to active market expansion and optimization of product offerings[9] - Revenue for the first nine months increased by 47.63%, supported by enhanced production and supply chain capacity[9] - Net profit attributable to shareholders for Q3 rose by 69.50%, driven by increased revenue and improved gross margin[9] - Net profit attributable to shareholders for the first nine months surged by 121.31%[9] - Basic earnings per share for Q3 increased by 60.00% due to net profit growth[9] - Basic earnings per share for the first nine months rose by 94.44%[9] Research and Development - The company’s R&D investment in Q3 2022 totaled approximately 268.86 million RMB, accounting for 26.83% of operating revenue[5] - R&D investment for Q3 increased by 39.83% to maintain competitive edge, with higher employee compensation and stock incentive plans[9] - Research and development expenses increased to ¥559,903,315.37 in the first three quarters of 2022, compared to ¥476,680,565.67 in 2021, marking a rise of 17.4%[21] Assets and Liabilities - The total assets at the end of Q3 2022 were approximately 57.61 billion RMB, an increase of 38.32% compared to the end of the previous year[5] - Total assets increased by 38.32% due to successful fundraising and increased receivables from customers[11] - As of September 30, 2022, the total current assets amounted to approximately CNY 4.29 billion, an increase of 41.0% compared to CNY 3.04 billion on December 31, 2021[17] - The company's cash and cash equivalents reached CNY 1.14 billion, up from CNY 801.65 million, reflecting a growth of 42.3%[17] - Accounts receivable increased significantly to CNY 896.36 million, compared to CNY 451.70 million, representing a growth of 98.5%[17] - Inventory levels rose to CNY 1.20 billion, an increase of 30.8% from CNY 916.08 million[17] - Non-current assets totaled CNY 1.47 billion, up from CNY 1.12 billion, indicating a growth of 31.0%[18] - The total assets of the company reached CNY 5.76 billion, a 38.3% increase from CNY 4.17 billion[19] - Total liabilities amounted to CNY 915.47 million, an increase of 14.7% from CNY 798.11 million[19] - The equity attributable to shareholders increased to CNY 4.24 billion, up from CNY 3.14 billion, reflecting a growth of 35.0%[19] - The company reported a significant increase in retained earnings, which rose to CNY 2.55 billion from CNY 1.75 billion, a growth of 46.1%[19] Cash Flow - Cash flow from operating activities for the first nine months decreased by 29.77% due to increased prepayments to suppliers and inventory buildup[9] - The company reported a net cash flow from operating activities of ¥266,305,507.64 for the first three quarters of 2022, down from ¥379,177,943.55 in the same period of 2021[24] - Net cash flow from investing activities was -$200.78 million, compared to -$642.15 million in the previous period[25] - Cash inflow from financing activities totaled $537.45 million, down from $775.18 million year-over-year[25] - Net cash flow from financing activities was $394.34 million, a decrease from $761.32 million in the prior period[25] - The net increase in cash and cash equivalents was $459.83 million, compared to $497.41 million previously[25] - The ending balance of cash and cash equivalents reached $875.58 million, up from $776.78 million last year[25] Future Outlook - The company plans to continue optimizing product structure and expanding market presence to drive future growth[6] - The company is focusing on expanding its market presence and investing in new technologies to drive future growth[20]