格林美(002340) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥7,450,347,263.09, representing a 52.31% increase compared to ¥4,891,513,507.69 in the same period last year[4] - Net profit attributable to shareholders was ¥324,673,951.81, an increase of 81.27% from ¥179,108,974.38 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥298,137,841.83, up 77.81% from ¥167,674,977.86 in the previous year[4] - Total operating revenue for Q3 2022 reached CNY 21.37 billion, a significant increase of 65.5% compared to CNY 12.89 billion in the same period last year[23] - Net profit for Q3 2022 was CNY 1.29 billion, compared to CNY 900.36 million in the same quarter last year, reflecting a growth of 43.2%[23] - The total profit for Q3 2022 was approximately ¥1.29 billion, an increase from ¥901 million in Q3 2021, representing a growth of about 42.6%[24] - The net profit attributable to shareholders of the parent company reached approximately ¥1.01 billion, compared to ¥716 million in the same period last year, marking a year-over-year increase of around 40.3%[24] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥1,124,897,290.64, a significant decrease of 1,034.85% compared to the previous year[4] - The net cash flow from operating activities decreased by 1034.85% compared to the same period last year, primarily due to increased accounts receivable and a 135.00% increase in nickel and cobalt raw material prepayments[10] - Cash received from sales of goods and services increased by 72.08% year-on-year, attributed to the expansion of sales scale[8] - The company’s cash and cash equivalents rose to approximately 6.12 billion yuan, up from 3.68 billion yuan at the start of the year, indicating improved liquidity[20] - Cash and cash equivalents at the end of the period totaled approximately ¥6.05 billion, a significant increase from ¥2.74 billion at the end of Q3 2021[26] - The company’s financing activities generated cash inflows of approximately ¥14.42 billion, up from ¥10.32 billion in Q3 2021, representing an increase of about 39.5%[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥43,903,841,284.15, reflecting a 27.69% increase from ¥34,387,817,575.47 at the end of the previous year[4] - Total liabilities as of Q3 2022 were CNY 23.42 billion, an increase of 26.1% from CNY 18.57 billion in the previous year[21] - Total equity reached CNY 20.48 billion in Q3 2022, up 29.5% from CNY 15.81 billion year-over-year[21] Research and Development - The company's R&D expenses increased by 50.15% year-on-year, indicating a stronger focus on battery materials and raw materials[8] - Research and development expenses for Q3 2022 amounted to CNY 878.13 million, an increase of 50.2% compared to CNY 584.83 million in the previous year[23] Investments and Projects - The company successfully issued 31,002,500 GDRs on the Swiss Stock Exchange, raising a total of 381 million USD[13] - The company signed a long-term green raw material supply agreement for 1.5 million tons of nickel metal with Nickel Industries Limited, ensuring strategic access to green nickel resources for future production needs[15] - The company commenced the construction of the second phase of the Indonesia QMB nickel resource project, targeting an annual production capacity of 43,000 tons of nickel metal[15] - The company established the Shenzhen Super Green Technology Research Institute with an investment of over 200 million yuan, focusing on advanced technology research for key new energy materials[16] Market Performance - In September, the company's sales revenue reached 2.967 billion yuan, a year-on-year increase of 60.39%[10] - The sales of ternary precursors exceeded 105,000 tons in the first three quarters of 2022, ranking among the top three globally[13] - The sales revenue from the power battery recycling business reached 462.7014 million yuan, a year-on-year increase of 297.73%[13] Strategic Initiatives - The company decided to terminate the spin-off of its subsidiary, Jiangxi Green Recycling Industry Co., Ltd., to focus on enhancing its independent operations and business upgrades[18] - The company signed a memorandum of understanding with ECOPRO to establish a joint venture for key lithium battery materials in South Korea, responding to the U.S. IRA Act and protecting its market position[15] Other Financial Metrics - The basic earnings per share for Q3 2022 was ¥0.21, an increase from ¥0.15 in Q3 2021, reflecting a growth of 40%[24] - The increase in other income to CNY 65.77 million from CNY 78.72 million indicates a focus on diversifying revenue streams[23]