HIUV(SH:688680)2022-11-09 16:00Financial Performance - The company's revenue for Q3 2022 was ¥1,318,119,555.09, representing a year-over-year increase of 66.35%[5] - The net profit attributable to shareholders for Q3 2022 was a loss of ¥74,687,865.20, a decline of 281.83% compared to the same period last year[5] - The company’s revenue for the year-to-date period reached ¥4,132,413,832.52, showing a significant increase of 106.42% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2022 reached ¥4,132,413,832.52, a significant increase from ¥2,001,992,501.75 in the same period of 2021, representing a growth of approximately 106.4%[21] - Net profit for the first three quarters of 2022 was ¥133,377,490.14, compared to ¥120,450,356.80 in the previous year, reflecting an increase of about 10.5%[22] - Operating profit for the first three quarters of 2022 was ¥145,609,443.85, up from ¥129,171,285.48 in the same period of 2021, indicating a growth of approximately 12.8%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,277,179,051.89, reflecting a 70.89% increase from the end of the previous year[6] - Total liabilities as of the end of the third quarter of 2022 amounted to ¥3,712,619,818.39, compared to ¥1,366,847,375.62 at the end of the same period in 2021, showing a growth of approximately 171.5%[20] - The company’s total equity attributable to shareholders was ¥2,564,559,233.50, an increase of 11.19% from the previous year-end[6] - Total equity attributable to shareholders reached ¥2,564,559,233.50, an increase from ¥2,306,384,311.69 in the previous year, representing a growth of about 11.2%[20] Cash Flow - The company reported a cash flow from operating activities net amount of -¥125.41 million for the year-to-date period, indicating increased working capital needs[11] - Cash inflow from operating activities for the first three quarters of 2022 was approximately CNY 2.48 billion, compared to CNY 1.01 billion in the same period of 2021, representing an increase of 144.3%[26] - Cash outflow from operating activities increased to approximately CNY 5.20 billion in 2022 from CNY 2.22 billion in 2021, resulting in a net cash flow from operating activities of approximately -CNY 2.72 billion, compared to -CNY 1.21 billion in 2021[26] - The company's cash and cash equivalents at the end of the third quarter of 2022 amounted to approximately CNY 437.46 million, compared to CNY 399.02 million at the end of the same period in 2021, reflecting a net increase of CNY 41.50 million[27] Research and Development - Research and development expenses for Q3 2022 amounted to ¥60,672,791.16, an increase of 111.76% year-over-year[6] - Research and development expenses for the first three quarters of 2022 totaled ¥113,541,786.44, compared to ¥86,106,251.16 in the previous year, marking an increase of about 31.9%[21] - The company has shown a commitment to expanding its market presence and investing in new technologies, as evidenced by the increase in R&D spending and overall revenue growth[21] Operational Challenges - The company experienced a decrease in gross profit margin due to rising raw material costs and increased financial expenses from expanded financing[11] - The company reported a financial expense of ¥65,360,927.77 for the first three quarters of 2022, significantly higher than ¥6,864,542.80 in the previous year, indicating an increase of about 850.5%[21] Other Notable Information - The company has no significant new product launches or technological developments mentioned in the report[16] - There are no mergers or acquisitions reported during the quarter[16] - The company has not provided specific future guidance or market expansion strategies in the current report[16] - The report indicates no significant changes in shareholder structure or major shareholder activities[15]