东方日升(300118) - 2022 Q3 - 季度财报

Revenue and Profit - The company's revenue for Q3 2022 reached ¥8,406,338,894.40, representing an increase of 80.80% year-over-year[3]. - Net profit attributable to shareholders decreased by 45.48% to ¥242,747,890.02, while net profit excluding non-recurring items surged by 1,004.51% to ¥294,311,650.80[3]. - The company's revenue for the third quarter increased by 61.86% compared to the same period last year, primarily due to an increase in sales volume of photovoltaic modules[8]. - Net profit grew by 92.35% year-on-year, driven by higher sales volume of photovoltaic modules and an increase in gross profit[8]. - Net profit attributable to shareholders for Q3 2022 reached CNY 747,370,017.25, compared to CNY 354,065,620.48 in Q3 2021, representing a year-over-year increase of about 111.1%[18]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥36,593,890,545.23, reflecting a growth of 23.79% compared to the end of the previous year[3]. - The total liabilities of the company reached ¥26,344,994,954.76, up from ¥20,023,056,865.12, representing an increase of about 31.6%[15]. - The equity attributable to shareholders of the parent company increased to ¥9,184,808,210.09 from ¥8,479,632,015.19, reflecting a growth of approximately 8.3%[15]. - The company reported a significant increase in contract liabilities, which rose to ¥2,882,929,351.70 from ¥1,162,038,985.70, indicating a growth of about 148.9%[15]. Cash Flow - Cash flow from operating activities increased significantly by 615.21% to ¥2,805,928,431.12 year-to-date[3]. - Cash inflow from operating activities increased by 64.55% compared to the same period last year, mainly due to higher cash receipts from sales of photovoltaic modules[8]. - The net cash flow from operating activities surged by 615.21% year-on-year, as cash receipts from sales exceeded cash payments for materials[8]. - The total cash inflow from operating activities reached CNY 23,106,114,926.76, compared to CNY 14,041,705,625.78 in the same period last year, indicating a year-over-year increase of about 64%[20]. - The ending balance of cash and cash equivalents was CNY 4,483,525,674.60, up from CNY 2,304,799,153.28, indicating a year-over-year increase of approximately 95%[21]. Expenses and Costs - Operating costs rose by 55.47% year-on-year, attributed to the increased sales volume of photovoltaic modules[8]. - Financial expenses decreased by 83.26% year-on-year, mainly due to increased foreign exchange gains from currency fluctuations[8]. - Investment income decreased by 89.39% year-on-year, primarily due to lower gains from the disposal of long-term equity investments in photovoltaic power station projects[8]. - The financial expenses for Q3 2022 were CNY 63,099,737.07, a decrease from CNY 376,830,046.84 in Q3 2021, indicating a reduction of about 83.3%[17]. Inventory and Prepayments - The company reported a 111.56% increase in prepayments, attributed to increased capacity and higher raw material payments for photovoltaic cells and modules[7]. - Inventory grew by 87.05% due to expanded production scale of photovoltaic modules and increased stock of raw materials and finished products[7]. - Inventory levels rose to ¥5,668,733,132.36, compared to ¥3,030,646,165.63, which is an increase of approximately 87.2%[14]. Research and Development - Research and development expenses for Q3 2022 amounted to CNY 741,095,963.44, up from CNY 575,366,503.86 in the same period last year, indicating a growth of approximately 28.9%[17]. Share Issuance and Regulatory Approvals - The company is in the process of a targeted issuance of A-shares, which was approved by the Shenzhen Stock Exchange on August 17, 2022, to raise funds for future expansion[12]. - The company has received regulatory approval from the China Securities Regulatory Commission for the targeted issuance of shares on September 19, 2022, indicating progress in its capital-raising efforts[12].