Qingdao Gaoce(SH:688556)2023-10-26 16:00Financial Performance - Basic earnings per share (EPS) is CNY 1.36, while diluted EPS is CNY 1.33[6] - The company reported a net profit of CNY 10,960,638.35 for the current period, compared to CNY 32,494,387.34 in the previous period[7] - Net profit attributable to shareholders for the current reporting period was ¥458,837,258.93, a significant increase of 139.99% compared to the same period last year[27] - Net profit attributable to shareholders after deducting non-recurring gains and losses for the current reporting period was ¥447,876,620.58, up 144.39% year-on-year[27] - Operating profit for the first three quarters of 2023 was ¥1,352,609,866.78, compared to ¥479,329,957.68 in 2022, reflecting an increase of about 182.5%[39] - Net profit for the first three quarters of 2023 was ¥1,172,698,274.12, up from ¥428,141,565.71 in 2022, indicating an increase of approximately 174.5%[39] Revenue and Growth - Operating revenue for the current reporting period reached ¥1,689,506,226.98, representing a year-on-year increase of 97.60%[27] - Total operating revenue for the first three quarters of 2023 reached ¥4,210,599,744.40, a significant increase from ¥2,190,334,543.01 in the same period of 2022, representing an increase of approximately 92.2%[38] - The company reported a significant increase in sales revenue from services, with cash received from sales reaching ¥2,707,674,427.36 in 2023, compared to ¥1,320,874,566.81 in 2022[42] Assets and Liabilities - Total assets increased by 69.11% to CNY 9,548,488,969.53 from CNY 5,646,364,871.32 at the end of the previous year[6] - The total liabilities increased to CNY 5,446,982,680.11 from CNY 3,579,359,760.45, indicating a significant rise in financial obligations[16] - The company’s inventory reached CNY 1,848,496,140.63, up from CNY 1,049,717,674.57 in the previous year[15] - The company’s total non-current assets increased to CNY 1,682,988,710.86 from CNY 1,224,461,459.87, reflecting ongoing investments in long-term assets[15] - The total equity attributable to shareholders at the end of the current reporting period rose by 98.43%, driven by increased net profit and funds raised from a targeted issuance[31] Research and Development - Total R&D investment amounted to CNY 93,003,756.83, representing 5.50% of operating revenue, a decrease of 2.21 percentage points[6] - Research and development expenses for the current reporting period increased by 41.02%, reflecting a rise in R&D activities and personnel costs[30] - Research and development expenses for the first three quarters of 2023 totaled ¥259,000,087.12, compared to ¥148,587,447.08 in 2022, marking an increase of about 74.5%[38] Cash Flow - The net cash flow from operating activities for the year-to-date period is CNY 637,201,338.48[6] - Cash flow from operating activities for the first three quarters of 2023 was ¥637,201,338.48, a turnaround from a negative cash flow of ¥49,983,139.34 in the same period of 2022[42] - The net cash flow from investing activities was -1,405,805,284.54, indicating a decrease compared to -261,697,833.79 in the previous period[49] - The net cash flow from financing activities was 851,793,224.15, up from 423,770,976.77 in the previous period, showing a significant increase[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,987, with a notable shareholder, Zhang Xu, holding 29.35% of shares[53] - The company has a total of 99,525,130 shares held by its largest shareholder, Zhang Xu, who also has 18,212,668 shares under lock-up conditions[53] Accounting and Standards - The company has implemented new accounting standards starting in 2023, which may affect the financial reporting and analysis going forward[43]