XWXN(SH:688778)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥7,727,240,608.60, representing a year-on-year increase of 106.38%[2] - The net profit attributable to shareholders for Q3 2022 was ¥326,551,536.50, an increase of 120.52% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥316,036,113.38, up 118.48% year-on-year[2] - Total operating revenue for Q3 2022 reached ¥22,029,709,889.61, a significant increase from ¥10,312,502,889.64 in the same period of 2021, representing a growth of approximately 113.4%[18] - Net profit for Q3 2022 was ¥865,898,560.60, compared to ¥409,681,763.36 in Q3 2021, indicating an increase of about 111.1%[19] - Total profit for the first three quarters was approximately 960 million RMB, reflecting a year-on-year increase of 115.80%[14] - Net profit attributable to the parent company for the first three quarters was around 859 million RMB, up 115.28% year-on-year[14] - Total comprehensive income for the period reached CNY 860,326,168.87, compared to CNY 408,193,144.83 in the same period last year, representing an increase of 110%[20] Assets and Liabilities - The total assets at the end of Q3 2022 reached ¥16,136,553,610.27, reflecting a 53.44% increase from the end of the previous year[4] - Total assets as of Q3 2022 were ¥16,136,553,610.27, compared to ¥10,516,445,310.35 in Q3 2021, marking an increase of around 53.5%[18] - Total liabilities for Q3 2022 were ¥8,030,958,008.89, up from ¥6,724,236,738.20 in Q3 2021, which is an increase of about 19.4%[17] - The company's total equity reached ¥8,105,595,601.38 in Q3 2022, compared to ¥3,792,208,572.15 in Q3 2021, representing a growth of approximately 113.6%[17] Cash Flow - The company reported a net cash flow from operating activities of -¥1,280,558,968.22 for the year-to-date period[4] - Cash inflow from operating activities totaled CNY 11,096,603,373.07, significantly higher than CNY 3,584,541,043.64 in the previous year, marking an increase of 209%[21] - Cash outflow from operating activities was CNY 12,377,162,341.29, compared to CNY 2,848,565,492.92 in the same period last year, resulting in a net cash flow from operating activities of -CNY 1,280,558,968.22[21] - Cash inflow from financing activities amounted to CNY 5,463,365,300.25, up from CNY 2,337,798,923.02, indicating an increase of 134%[22] - Net cash flow from financing activities was CNY 3,449,131,805.17, compared to CNY 717,798,207.22 in the previous year, reflecting a growth of 381%[22] - The company reported a net increase in cash and cash equivalents of CNY 1,926,439,488.91, compared to CNY 1,157,097,885.68 in the same period last year, an increase of 66%[22] - Cash and cash equivalents at the end of the period stood at CNY 2,351,453,876.42, up from CNY 1,435,013,449.10 year-over-year, representing a growth of 64%[22] Research and Development - The total R&D investment for Q3 2022 was ¥163,996,000.27, an increase of 38.55% compared to the same period last year[4] - The R&D investment as a percentage of operating revenue was 2.12%, a decrease of 1.04 percentage points year-on-year[4] - Research and development expenses for Q3 2022 amounted to ¥571,350,640.05, up from ¥282,032,486.40 in Q3 2021, reflecting a growth of approximately 102.4%[18] - The company continues to focus on R&D in various materials and technologies, including ternary materials and lithium iron phosphate[9] Sales and Market Position - The company achieved a sales volume of 37,200 tons for ternary materials in Q3 2022, representing a year-on-year increase of 117%[14] - Cobalt acid lithium sales reached 25,400 tons in the first three quarters, maintaining the leading position in the market[14] - Total sales volume of lithium-ion cathode materials for the first three quarters was 62,600 tons, generating revenue of 22.03 billion RMB, a year-on-year growth of 113.62%[14] - The company continues to expand its market share in the cobalt acid lithium sector while actively developing the ternary materials market[13] Shareholder Information - The equity attributable to shareholders at the end of Q3 2022 was ¥7,957,351,052.14, which is a 113.00% increase compared to the end of the previous year[4] - The top ten shareholders hold a combined 50.26% of the company's shares, with Xiamen Tungsten Co., Ltd. being the largest shareholder[10]