TRINA(SH:688599)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥31,735,787,504.58, representing a year-over-year increase of 41.25%[6] - Net profit attributable to shareholders for Q3 2023 was ¥1,537,026,917.98, up 35.67% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥1,407,648,185.60, reflecting a 29.14% increase year-over-year[6] - The company reported a basic earnings per share of ¥0.71 for Q3 2023, which is a 33.96% increase compared to the same period last year[7] - The company's operating profit for Q3 2023 was CNY 6,637,223,824.71, compared to CNY 2,765,518,889.01 in Q3 2022, marking an increase of around 139.5%[28] - The basic earnings per share for Q3 2023 was CNY 2.34, compared to CNY 1.13 in Q3 2022, representing an increase of approximately 106.2%[29] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2023 expected to show a significant increase compared to the previous year, although specific figures were not disclosed[27] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥128,033,638,355.60, marking a 42.30% increase from the end of the previous year[11] - Total assets reached ¥128.03 billion as of September 30, 2023, up from ¥89.98 billion at the end of 2022, representing an increase of about 42.1%[23] - Total liabilities increased to ¥91.68 billion in Q3 2023 from ¥61.18 billion in Q3 2022, indicating a growth of approximately 49.8%[23] - The company's equity attributable to shareholders rose to ¥31.37 billion as of September 30, 2023, compared to ¥26.34 billion at the end of 2022, reflecting an increase of about 19.2%[24] - Long-term borrowings increased to ¥8.41 billion in Q3 2023 from ¥3.57 billion in Q3 2022, marking a rise of approximately 135.5%[23] Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥10,254,623,570.28, an increase of 159.28% compared to the previous year[7] - The net cash flow from operating activities for the first nine months of 2023 was CNY 10,254,623,570.28, compared to CNY 3,955,027,700.80 in the same period of 2022, indicating a growth of about 159.5%[31] - The net cash flow from investment activities was -¥12.41 billion, compared to -¥5.54 billion in the previous year, indicating a significant increase in cash outflow[32] - The company reported a net increase in cash and cash equivalents of ¥6.66 billion, compared to ¥2.63 billion in the prior year, reflecting a growth of 153.5%[32] Research and Development - Research and development expenses totaled ¥1,606,250,370.08 in Q3 2023, accounting for 5.06% of revenue, a decrease of 1.59 percentage points year-over-year[7] - Research and development expenses for Q3 2023 amounted to CNY 1,179,582,880.96, up from CNY 852,232,200.00 in Q3 2022, reflecting a growth of approximately 38.3%[28] - Research and development expenses for the first three quarters of 2023 were CNY 355.38 million, up from CNY 268.21 million in 2022, indicating a rise of 32.5%[37] Shareholder Information - As of September 30, 2023, the total number of shares repurchased by the company reached 8,028,084 shares, accounting for 0.37% of the total share capital of 2,173,561,558 shares[18] - The maximum repurchase price was set at RMB 64.52 per share, with a total repurchase fund not less than RMB 300 million and not exceeding RMB 600 million[16] - The top three shareholders hold a combined 41.49% of the shares, with the largest shareholder, Gao Jifan, owning 16.20%[14] - The company has engaged in share repurchase activities since May 29, 2023, to support employee stock ownership plans[16] Investment and Growth - The company has expanded its product line in energy storage and has seen significant growth in shipments compared to the same period last year[11] - The company benefited from the gradual release of its N-type silicon wafer production capacity, leading to a decrease in comprehensive costs and improved profitability in its component business[11] - The company plans to continue expanding its domestic and overseas markets for energy storage products, which have shown significant growth in shipments[11] - The company reported investment income of CNY 1,273,957,810.47 in Q3 2023, a substantial increase from CNY 228,188,192.22 in Q3 2022, reflecting a growth of approximately 469.5%[28] - The company reported a significant increase in investment income, totaling CNY 1.34 billion, compared to CNY 434.36 million in the previous year, representing a growth of 208.5%[37]