领益智造(002600) - 2022 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2022 was ¥9,864,220,010.20, representing an increase of 11.00% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was ¥744,707,158.53, a decrease of 14.70% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥931,063,218.86, an increase of 16.15% compared to the same period last year[4]. - The weighted average return on equity for Q3 2022 was 4.51%, down by 1.21% compared to the same period last year[4]. - The company's financial performance was impacted by a 465.47% decrease in fair value changes, resulting in a loss of RMB -276,486,919.91 due to increased changes in the fair value of derivative investments[8]. - Total revenue for the period reached ¥24,668,826,279.35, an increase of 14.3% compared to ¥21,628,516,375.83 in the previous period[31]. - Operating profit for the period was ¥1,409,314,941.84, up from ¥1,194,092,673.99, reflecting a growth of 18%[32]. - Net profit attributable to shareholders was ¥1,226,059,414.78, slightly down from ¥1,269,514,536.36, indicating a decrease of 3.4%[32]. - Comprehensive income for the period was ¥1,332,589,176.47, compared to ¥1,310,096,441.24, showing an increase of 1.7%[32]. - Basic earnings per share decreased to ¥0.17 from ¥0.18, a decline of 5.6%[32]. Assets and Liabilities - The total assets as of the end of Q3 2022 amounted to ¥38,335,874,956.98, reflecting a growth of 7.85% from the end of the previous year[4]. - The total assets increased to ¥38,335,874,956.98 from ¥35,546,651,379.90, marking a growth of 7.9%[30]. - The total liabilities of the company were CNY 21.42 billion as of September 30, 2022, compared to CNY 19.70 billion at the beginning of the year, marking an increase of about 8.8%[29]. - The company's equity attributable to shareholders was CNY 16.83 billion, up from CNY 15.81 billion at the beginning of the year, which is an increase of approximately 6.4%[29]. - The company's total liabilities increased significantly, with current liabilities rising by 93.64% due to an increase in long-term borrowings due within one year[7]. - The company reported a significant increase in trading financial liabilities, which rose by 1,216.87% due to changes in the fair value of derivative financial instruments[7]. Cash Flow - The net cash flow from operating activities for the year-to-date period reached ¥2,350,197,568.27, an increase of 280.18% year-on-year[4]. - The net cash flow from operating activities for the first nine months of 2022 was RMB 2,350,197,568.27, an increase of 280.18% compared to RMB 618,177,121.53 in the same period of 2021[8]. - The cash inflow from operating activities for the current period was CNY 27,532,876,067.66, an increase of 21.5% compared to CNY 22,621,115,516.92 in the previous period[33]. - The cash and cash equivalents at the end of the period amounted to CNY 3,171,495,273.46, an increase from CNY 2,786,347,397.03 in the previous year[34]. - The total cash outflow from investing activities was CNY 2,868,231,667.24, down from CNY 5,513,503,894.17 in the previous period[33]. - The net cash flow from investing activities was negative at CNY -2,255,322,072.04, an improvement from CNY -3,579,954,791.35 year-over-year[33]. - Cash inflow from financing activities totaled CNY 6,210,993,902.86, down 21.5% from CNY 7,912,242,755.44 in the previous year[34]. - The net cash flow from financing activities decreased to CNY 215,417,158.27 from CNY 2,792,017,298.29 year-over-year[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 262,010, with the largest shareholder, Lingsheng Investment (Shenzhen) Co., Ltd., holding 58.81% of shares[9]. - The company repurchased a total of 63,619,072 shares, representing 0.90% of the total share capital, with a total transaction amount of RMB 300,191,691.93[13]. - The company plans to repurchase shares with a total amount not less than RMB 300 million and not exceeding RMB 600 million, with a maximum repurchase price of RMB 8 per share[12]. - The company approved the 2022 Employee Stock Ownership Plan with unanimous support from the board of directors, indicating strong internal confidence in future performance[25]. Research and Development - Research and development expenses rose to ¥1,526,191,276.15, up 24.8% from ¥1,222,953,084.77 in the previous period[31]. Government Subsidies and Tax - The company received government subsidies that contributed to a 91.01% increase in deferred income[7]. - The company reported a significant increase in income tax expenses, amounting to RMB 164,833,529.70, a 313.12% increase compared to a tax benefit of RMB -77,342,473.81 in the previous year[8]. - The company received CNY 1,128,295,619.40 in tax refunds, compared to CNY 1,029,247,527.48 in the previous period, reflecting a 9.6% increase[33]. Inventory and Impairment - The company reported a significant increase in inventory, which reached CNY 6.07 billion, up from CNY 5.03 billion at the beginning of the year, reflecting a growth of approximately 20.6%[28]. - The company experienced a 201.87% increase in asset impairment losses, totaling RMB -567,342,195.23, mainly due to increased goodwill impairment and inventory write-downs[8]. Stock Options and Incentives - The company granted a total of 69,743,500 stock options to 823 individuals and 100,281,994 restricted shares to 630 individuals under the 2018 stock option and restricted stock incentive plan[15]. - The company agreed to cancel 1,912,800 stock options and repurchase 2,545,936 restricted shares at a repurchase price of 1.66 CNY per share[16]. - The company adjusted the exercise price of stock options from 3.31 CNY to 3.11 CNY and the repurchase price of restricted shares from 1.66 CNY to 1.46 CNY in 2020[18]. - The company approved the exercise of 13,265,810 stock options and the lifting of restrictions on 16,790,571 restricted shares for 555 and 442 incentive recipients, respectively, during the second exercise period of the 2018 stock option and restricted stock incentive plan[19]. - The company decided to cancel 14,442,175 stock options and repurchase 18,890,377 restricted shares at a repurchase price of 1.46 CNY/share, as the performance assessment for 2021 did not meet the conditions set in the incentive plan[20].