Neway CNC(SH:688697)2022-10-20 16:00Financial Performance - The company's revenue for Q3 2022 was ¥502,384,210.08, representing a year-over-year increase of 4.95%[4] - Net profit attributable to shareholders for Q3 2022 was ¥73,101,553.81, a significant increase of 59.53% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥58,629,715.94, up by 53.80% year-over-year[4] - Total revenue for the first three quarters of 2022 reached ¥1,347,269,487.58, an increase of 5.5% compared to ¥1,277,305,934.85 in the same period of 2021[19] - Net profit for Q3 2022 was ¥189,632,698.69, a significant increase of 65% compared to ¥114,847,283.06 in Q3 2021[20] - The company reported a total comprehensive income of ¥190,149,024.57 for Q3 2022, compared to ¥114,882,717.65 in Q3 2021, indicating a growth of 65.5%[21] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥3,006,657,793.02, reflecting a growth of 6.15% from the end of the previous year[6] - The company's total assets as of Q3 2022 amounted to ¥3,006,657,793.02, compared to ¥2,832,425,634.21 in the previous year, marking a growth of 6.1%[17] - Total liabilities increased to ¥1,655,866,819.57 in Q3 2022 from ¥1,591,325,752.01 in Q3 2021, representing a rise of 4.1%[17] - The total current assets as of September 30, 2022, amounted to CNY 2,456,920,929.91, an increase from CNY 2,396,819,125.96 at the end of 2021, reflecting a growth of approximately 2.5%[15] - The total non-current assets were valued at CNY 2,136,948.37, up from CNY 1,118,316.15, indicating a growth of approximately 91%[15] Earnings and Shareholder Information - The basic earnings per share for Q3 2022 was ¥0.2238, an increase of 17.79% compared to the same period last year[4] - Basic earnings per share for Q3 2022 were ¥0.5805, compared to ¥0.47 in Q3 2021, reflecting an increase of 23.6%[21] - The weighted average return on equity for Q3 2022 was 5.56%, a decrease of 2.17 percentage points year-over-year[6] - The total equity attributable to shareholders increased to ¥1,350,790,973.45 in Q3 2022 from ¥1,241,099,882.20 in Q3 2021, a rise of 8.8%[17] - The company reported a total of 14,273 common shares outstanding at the end of the reporting period[12] - Major shareholders include Cheng Zhangwen, Wang Baoqing, Lu Bin, and Xi Chao, each holding 15.18% of the shares, totaling 49,575,000 shares each[12] Cash Flow and Expenses - The net cash flow from operating activities for the year-to-date period was ¥41,821,716.49, down by 79.48% compared to the previous year[10] - The cash inflow from operating activities was CNY 1,407,478,959.46, an increase of 7.6% compared to CNY 1,307,674,383.65 in the same period of 2021[23] - The net cash flow from operating activities for the third quarter of 2022 was CNY 41,821,716.49, a significant decrease of 79.5% from CNY 203,807,749.48 in the third quarter of 2021[23] - The cash outflow for purchasing goods and services in the third quarter of 2022 was CNY 1,019,122,263.76, an increase of 27.4% compared to CNY 800,241,370.09 in the same period of 2021[23] - The cash paid to employees in the third quarter of 2022 was CNY 160,592,389.94, which is an increase of 11.7% from CNY 143,760,308.59 in the third quarter of 2021[23] Research and Development - Research and development expenses for Q3 2022 totaled ¥26,152,759.77, accounting for 5.21% of the revenue[6] - Research and development expenses for Q3 2022 were ¥64,192,654.08, up from ¥56,513,156.58 in Q3 2021, indicating a growth of 13.5%[20] Market Outlook - The company expects continued growth in sales and profitability driven by increased market demand and operational efficiency improvements[10] Other Information - The company has not reported any significant new product developments or technological advancements during the reporting period[14] - There are no significant mergers or acquisitions reported in the current financial period[14]