BESTWAY(SZ:300008)2022-10-25 16:00Financial Performance - The company's revenue for Q3 2022 reached ¥869,173,805.41, representing a 214.64% increase year-over-year[7]. - Net profit attributable to shareholders was ¥41,479,038.37, a significant increase of 442.24% compared to the same period last year[7]. - The net profit after deducting non-recurring gains and losses was ¥23,418,310.36, up 270.53% year-over-year[7]. - The total operating income for the year-to-date reached ¥1,887,158,415.55, a 119.47% increase compared to the previous year[12]. - Operating profit for the current period was ¥90,119,918.05, a substantial rise from ¥22,402,706.08 in the previous period, reflecting an increase of approximately 302%[36]. - Net profit for the current period reached ¥83,526,959.31, compared to ¥20,146,401.71 in the prior period, marking an increase of around 314%[36]. - The company recorded a total profit of ¥91,203,026.33, significantly higher than ¥21,211,323.64 in the previous period, representing an increase of approximately 330%[36]. - The company's tax expenses for the current period were ¥7,676,067.02, compared to ¥1,064,921.93 in the previous period, reflecting an increase of approximately 620%[36]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,476,799,043.31, reflecting a 41.87% increase from the end of the previous year[7]. - The company's current assets totaled approximately CNY 2.60 billion as of September 30, 2022, compared to CNY 1.27 billion at the beginning of the year, indicating a 104% increase[26]. - Total liabilities increased to approximately CNY 1.76 billion from CNY 777.36 million, representing a growth of 127%[32]. - The company's equity attributable to shareholders amounted to approximately CNY 1.72 billion, compared to CNY 1.68 billion, showing an increase of 2%[32]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥43,630,060.94, showing a 123.97% increase compared to the same period last year[7]. - Cash flow from operating activities was ¥43,630,060.94, a turnaround from a negative cash flow of -¥182,008,980.17 in the prior period[40]. - Total cash inflow from operating activities was ¥3,917,392,318.95, compared to ¥1,157,810,806.75 in the previous period, showing an increase of about 238%[40]. - The net increase in cash and cash equivalents was 6,917,971.37, contrasting with a decrease of -159,278,726.09 in the previous period[42]. - The ending balance of cash and cash equivalents was 179,931,115.24, compared to 160,821,353.50 in the previous period[42]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 107,283[16]. - The company plans to repurchase shares with a total amount between RMB 50 million and RMB 100 million, with a maximum price of RMB 6.02 per share[20]. - As of September 14, 2022, the company has repurchased 11,450,400 shares, accounting for 0.66% of the total share capital, with a total payment of RMB 50,120,263[20]. - The controlling shareholder, Longhai Energy, intends to subscribe for at least 12.50% of the total shares issued in the private placement[22]. - The company has a major shareholder, Xiamen Longhai Energy Investment Partnership, holding 12.50% of the shares[16]. - The company has a total of 144,196,453 shares held by Liu Nan, accounting for 8.34% of the shares[16]. Strategic Initiatives - The company signed a strategic cooperation intention letter with Shanghai Port Group for smart low-carbon shipping technology development[21]. - The company plans to issue shares to specific objects, with a total fundraising amount not exceeding RMB 800 million[24]. - The number of shares to be issued will not exceed 30% of the total share capital before the issuance, which is 518,408,739 shares[22]. Regulatory and Market Position - The company has received multiple administrative penalties from the China Securities Regulatory Commission, indicating ongoing regulatory scrutiny[25]. - The company has been recognized as a national "specialized, refined, characteristic, and innovative" small giant enterprise[19]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[29]. Inventory and Contractual Obligations - The company reported a significant increase in contract assets, which rose by 419.91% to ¥613,247,297.45 due to increased shipbuilding projects[12]. - The company's inventory increased by 136.19% to ¥462,600,450.50, attributed to materials and equipment procurement for shipbuilding projects[12]. - The company experienced a 272.39% increase in contract liabilities, totaling ¥472,378,034.05, due to increased advance payments for shipbuilding projects[12]. Audit Status - The report for the third quarter was not audited, as stated in the company’s announcement[44].