2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥11,438,960,671.44, representing a year-on-year increase of 22.35%[4] - Net profit attributable to shareholders for Q3 2023 was ¥814,952,252.14, up 79.98% compared to the same period last year[4] - The net profit excluding non-recurring gains and losses for Q3 2023 was ¥673,191,364.63, an increase of 87.23% year-on-year[4] - The net profit attributable to the parent company for Q3 2023 was ¥2,855,056,429.34, compared to ¥2,168,633,307.95 in Q3 2022, representing an increase of approximately 31.6%[18] - The total comprehensive income for Q3 2023 was ¥3,135,707,274.50, up from ¥1,712,035,143.56 in the same period last year, indicating a growth of about 83.0%[18] - Basic and diluted earnings per share for Q3 2023 were both ¥0.34, compared to ¥0.25 in Q3 2022, reflecting a 36.0% increase[18] Revenue Breakdown - Domestic revenue for the year-to-date period was ¥22,485,482,573.31, a decrease of 6.90% year-on-year, while overseas revenue was ¥13,028,649,536.35, an increase of 100.53%[5] - The company reported a significant increase in overseas revenue for Q3 2023, which reached ¥4,656,342,503.93, up 78.33% year-on-year[5] - Total operating revenue for the period reached CNY 35.51 billion, an increase of 15.4% compared to CNY 30.65 billion in the previous period[17] Expenses and Costs - Research and development expenses increased by 43.42% due to higher investment in R&D activities[8] - The company experienced a 36.43% rise in sales expenses, attributed to increased market and travel expenses related to overseas sales growth[8] - Total operating costs amounted to CNY 32.16 billion, up 12.5% from CNY 28.66 billion year-on-year[17] - Research and development expenses increased to CNY 2.57 billion, a rise of 43.3% compared to CNY 1.79 billion in the previous year[17] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥136,730,233,792.00, reflecting a growth of 10.67% from the end of the previous year[4] - The company's equity attributable to shareholders was CNY 54.12 billion, a slight decrease from CNY 54.74 billion in the previous period[16] - Total liabilities reached CNY 79.90 billion, an increase of 20.0% from CNY 66.58 billion year-on-year[16] - The company reported a 194.93% increase in estimated liabilities, primarily due to increased provisions for product quality assurance and repurchase obligations[8] Cash Flow - Cash inflow from operating activities for Q3 2023 was ¥40,625,561,453.48, slightly up from ¥40,022,135,283.16 in Q3 2022, showing a growth of 1.5%[19] - The net cash flow from operating activities for Q3 2023 was ¥1,142,237,660.61, compared to ¥1,125,957,104.89 in Q3 2022, indicating a marginal increase of 1.4%[20] - The net cash flow from investing activities for Q3 2023 was -¥1,591,582,884.73, an improvement from -¥2,099,887,638.37 in Q3 2022, showing a reduction in cash outflow by approximately 24.2%[20] - The net cash flow from financing activities for Q3 2023 was -¥46,946,891.03, a significant decrease compared to ¥1,034,609,588.02 in Q3 2022, indicating a shift in financing strategy[20] Shareholder Information - The company plans to implement a second core management stock ownership plan to enhance shareholder engagement and governance structure, approved by the board on August 30, 2023[13] - The total number of shares held by the top ten shareholders includes 1,578,266,901 shares held by HKSCC Nominees Limited, representing a significant portion of the company's equity[12] - The company repurchased 423,956,766 shares, accounting for 4.89% of the total share capital[12] Current Assets - As of September 30, 2023, the total current assets amounted to ¥80,369,108,610.65, an increase from ¥73,585,704,982.97 at the beginning of the year, reflecting a growth of approximately 9.8%[14] - The company's cash and cash equivalents stood at ¥15,595,386,399.37, slightly up from ¥15,498,545,905.21 at the start of the year[14] - Inventory levels increased significantly to ¥21,917,352,019.18 from ¥14,202,648,421.87, indicating a rise of approximately 54.4%[14] - The accounts receivable decreased to ¥26,851,245,512.55 from ¥27,915,299,278.22, showing a decline of about 3.8%[14] - The total amount of receivables financing increased to ¥1,115,852,743.16 from ¥951,659,926.40, marking an increase of approximately 17.3%[14] - The company reported a total of ¥3,769,973,097.95 in trading financial assets, down from ¥4,010,628,545.21, indicating a decrease of about 6.0%[14] Strategic Partnerships - The company has established a partnership with Urumqi Phoenix Foundation Equity Investment Management, indicating potential strategic collaborations in the future[12]