北方华创(002371) - 2022 Q3 - 季度财报

Revenue and Profitability - Revenue for Q3 2022 reached ¥4,568,487,633.47, an increase of 78.11% year-over-year, and total revenue for the first nine months was ¥10,012,301,492.37, up 62.19% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2022 was ¥931,478,915.72, representing a 167.70% increase year-over-year, with a total net profit of ¥1,686,103,845.94 for the first nine months, up 156.13%[2] - The company's basic earnings per share for Q3 2022 was ¥1.7675, a 150.07% increase year-over-year, while the diluted earnings per share was ¥1.7646, up 149.70%[2] - Net profit attributable to the parent company for the first nine months of 2022 was CNY 1,686,103,845.94, an increase of 156.13% compared to the same period last year, driven by increased sales and production scale[11] - The net profit for the current period is 1,867,037,964.83, compared to 762,212,989.40 in the previous period, representing a significant increase[20] - The total comprehensive income attributable to the parent company's owners was 1,702,383,379.69, compared to 659,071,538.73 in the previous period, showing a growth of approximately 158.5%[21] Assets and Liabilities - Total assets as of September 30, 2022, were ¥40,895,706,832.37, reflecting a 31.69% increase from the end of the previous year[2] - The total assets of the company reached CNY 40,895,706,832.37, up from CNY 31,054,473,364.61, indicating a growth of around 31%[19] - The total liabilities increased to CNY 21,802,611,204.86 from CNY 13,856,082,205.54, representing a rise of approximately 57%[19] - Long-term borrowings as of September 30, 2022, amounted to ¥3,700,000,000.00, a 100.00% increase year-to-date, reflecting the need to expand production capacity[6] - The company’s total liabilities increased significantly, with short-term borrowings rising by 100.00% to ¥228,153,153.19, driven by the need for production expansion[6] Cash Flow and Operating Activities - The company reported a net cash flow from operating activities of -¥190,920,907.18 for the first nine months, a decrease of 68.30% compared to the previous year[2] - Cash flow from operating activities reached 9,935,667,582.88, up from 6,903,202,749.11, marking an increase of about 43.5%[22] - Cash outflow from operating activities was $11,701,508,554.21, up from $8,126,903,263.55, leading to a net cash flow from operating activities of -$190,920,907.18, an improvement from -$602,204,358.37[23] - Cash flow from investing activities showed a net outflow of -$833,750,976.30, compared to -$372,268,269.84 in the previous period, indicating increased investment expenditures[23] - Financing activities generated a net cash inflow of $3,393,465,522.98, a turnaround from a net outflow of -$165,719,419.73 in the previous period, highlighting improved financing conditions[23] Expenses and Costs - Research and development expenses for the first nine months of 2022 totaled ¥1,222,372,486.40, an increase of 40.73% year-over-year, attributed to higher material and labor costs[8] - Operating expenses for the first nine months of 2022 amounted to CNY 3,233,470.43, an increase of 306.30% year-on-year, primarily due to the disposal of long-term debts[12] - Income tax expenses for the first nine months of 2022 were CNY 295,358,692.01, reflecting a 130.90% increase year-on-year, linked to higher profits from increased sales and production[12] - Cash paid for purchasing goods and services in the first nine months of 2022 was CNY 8,341,220,139.78, an increase of 42.39% compared to the previous year, due to higher procurement payments[12] - The company reported a significant increase in cash paid to employees, totaling $2,143,179,481.71, compared to $1,444,884,978.64 previously[23] Inventory and Receivables - Accounts receivable increased by 103.94% year-to-date to ¥3,873,141,758.81, primarily due to increased revenue[4] - Inventory as of September 30, 2022, was ¥11,574,313,584.96, up 44.06% year-to-date, driven by increased sales and production scale[4] - Accounts receivable increased to CNY 3,873,141,758.81 from CNY 1,899,157,846.34, marking a rise of about 104%[17] - Inventory levels rose to CNY 11,574,313,584.96, compared to CNY 8,034,633,766.60 in the previous period, which is an increase of approximately 44%[18] Future Outlook and Strategic Plans - Future outlook includes plans for market expansion and potential new product developments, although specific details were not provided in the content[19] Other Financial Metrics - The company reported other income of 414,421,721.13, compared to 301,300,831.19 in the previous period, indicating an increase of approximately 37.5%[20] - The total profit before tax was 2,162,396,656.84, up from 890,130,144.19, representing a growth of about 143%[20] - The company experienced a decrease in credit impairment losses, which were -109,135,308.11 compared to -43,686,627.49 in the previous period, indicating improved asset quality[20] - The company reported a significant increase in investment income to 709,240.01 from 545,800.92, reflecting a growth of approximately 29.9%[20] Audit and Reliability - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[24]