GMK(SZ:300619)2022-10-27 16:00Revenue and Profit Growth - Revenue for Q3 2022 reached ¥487,739,832.34, an increase of 39.25% year-over-year, and total revenue for the year-to-date was ¥1,284,421,324.47, up 67.82% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥28,020,659.40, representing a 131.03% increase year-over-year, with a year-to-date net profit of ¥47,051,941.59, up 144.57%[5] - The company's operating revenue for the year-to-date reached ¥1,284,421,324.47, representing a 67.82% increase compared to ¥765,362,858.91 in the same period last year, primarily driven by the growth in lithium battery equipment sales due to the expansion of downstream clients in the new energy sector[10] - The net profit for the third quarter of 2022 was CNY 47,051,941.59, a significant increase of 144.5% compared to CNY 19,238,531.83 in the same period last year[24] - Operating profit reached CNY 61,484,041.76, up 152.5% from CNY 24,336,742.39 year-on-year[24] - The company reported a total profit of CNY 61,798,774.57, which is an increase of 144.5% from CNY 25,174,535.17 year-on-year[24] Earnings Per Share - The basic earnings per share for Q3 2022 was ¥0.3161, a 94.64% increase compared to the same period last year, while the diluted earnings per share was ¥0.3145, up 93.66%[5] - Basic earnings per share increased to CNY 0.5357 from CNY 0.2576, representing a growth of 108.5%[25] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date was ¥225,833,805.82, a significant increase of 537.99%[5] - The net cash flow from operating activities surged by 537.99% to ¥225,833,805.82, up from ¥35,397,722.31, due to increased customer payments from a significant rise in lithium battery production equipment orders[10] - Cash flow from operating activities generated a net amount of CNY 225,833,805.82, compared to CNY 35,397,722.31 in the previous year, marking a substantial increase[28] - The total cash inflow from financing activities was CNY 719,911,004.85, compared to CNY 374,762,561.00 in the previous year, indicating a growth of 92%[29] - The company experienced a net cash outflow from investment activities of CNY 131,060,826.14, compared to CNY 58,966,468.62 in the same period last year[28] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥2,807,677,631.19, a 31.42% increase from the end of the previous year[5] - The company's total liabilities increased by 31.99% to ¥16,686,613.94, primarily due to increased product warranty provisions[10] - Total liabilities increased to CNY 1,950,251,955.35 from CNY 1,418,325,256.98, reflecting a growth of about 37%[21] - The company's equity attributable to shareholders rose to CNY 857,425,675.84 from CNY 718,078,126.27, an increase of approximately 19%[22] Expenses - Operating costs increased by 72.91% to ¥1,009,643,404.29 from ¥583,928,074.08, attributed to a rise in orders[10] - Research and development expenses rose by 69.88% to ¥58,126,867.61 from ¥34,217,220.76, reflecting higher personnel costs and investments in R&D materials[10] - The company reported a 148.43% increase in income tax expenses, amounting to ¥14,746,832.98, due to higher profits[10] - The company’s sales expenses increased by 67.88% to ¥41,083,094.62, driven by higher employee compensation and product warranty provisions[10] - The company’s management expenses rose by 33.33% to ¥78,100,432.03, mainly due to increased salaries and depreciation costs[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,594, with the largest shareholder holding 24.40% of the shares[12] - The company plans to issue up to 26,596,512 shares, raising no more than ¥1,700,000,000 to fund projects related to advanced manufacturing equipment for the new energy sector and to supplement working capital[17] Accounts Receivable and Inventory - Accounts receivable increased by 40.84% year-over-year to ¥521,323,491.32, primarily due to increased revenue from lithium battery production equipment[9] - Inventory levels increased to CNY 585,819,203.24 from CNY 462,995,395.37, representing a growth of around 26%[19]