Gian(SZ:300709)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥968,140,262, representing a 14.61% increase compared to ¥844,737,194 in the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥122,457,022, reflecting a 9.34% increase from ¥112,000,265 in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥118,347,049, which is a 15.54% increase from ¥102,426,126 year-on-year[5] - Basic earnings per share for Q3 2022 were ¥0.66, down 2.94% from ¥0.68 in the previous year[5] - The company reported a net profit of CNY 145,543,978.53 for the period, compared to CNY 137,529,178.37 in the previous period, reflecting an increase of approximately 5.9%[25] - The net profit for Q3 2022 was CNY 142,829,027.64, an increase of 10.4% compared to CNY 129,478,775.83 in Q3 2021[27] - Operating profit for Q3 2022 reached CNY 148,360,110.14, up from CNY 126,026,339.62 in the same period last year, reflecting a growth of 17.7%[27] - Total revenue from operating activities was CNY 2,032,595,411.25, compared to CNY 1,630,195,490.95 in Q3 2021, indicating a year-over-year increase of 24.7%[28] - The company reported a total comprehensive income of CNY 135,353,183.82 for Q3 2022, compared to CNY 128,379,505.00 in Q3 2021, marking an increase of 5.5%[27] Cash Flow and Assets - The company's cash flow from operating activities showed a significant decline, with a net cash flow of -¥82,006,645, a decrease of 262.27% compared to -¥50,537,295 in the same period last year[5] - Operating cash flow net amount improved by 262.27% to ¥82,006,645.36, mainly due to increased cash received from sales of goods and services[13] - Investment cash flow net amount decreased by 69.99% to -¥164,065,632.81, primarily due to reduced cash payments for fixed assets and other long-term assets[13] - Financing cash flow net amount decreased by 216.65% to -¥41,625,461.14, mainly due to payments for equity transfer related to the acquisition of Ruidian Precision[13] - Cash and cash equivalents at the end of the period increased by 162.15% to ¥405,577,341.31, influenced by changes in cash flows from operating, investing, and financing activities[13] - The company's cash and cash equivalents decreased to CNY 463,564,483.48 from CNY 558,055,673.97, a decline of about 16.9%[22][23] Balance Sheet Items - Total assets as of September 30, 2022, were ¥4,018,468,345.95, an increase of 7.38% from ¥3,742,241,460.23 at the end of the previous year[5] - Accounts receivable financing increased by 74.58% to ¥25,267,032.13 compared to ¥14,472,761.37 at the end of the previous year[9] - Inventory increased by 55.37% to ¥630,991,229.76, primarily due to reasonable stocking during the reporting period[9] - Contract liabilities rose by 83.25% to ¥31,084,582.66, attributed to an increase in advance payments received during the reporting period[9] - Other receivables surged by 428.64% to ¥24,489,259.44, mainly due to an increase in deposits at the end of the reporting period[9] - Other payables increased by 72.32% to ¥187,958,474.74, primarily due to the payable for equity transfer to Changzhou Ruidian[10] - Long-term borrowings rose by 1659.85% to ¥52,000,000.00, mainly due to increased loans during the reporting period[10] - Non-current liabilities increased by 62.91% to ¥91,279,051.17, primarily due to increased loans[10] - The company's short-term borrowings increased to CNY 287,293,608.29 from CNY 226,005,527.76, representing a rise of approximately 27.1%[23] Shareholder Information - Major shareholders include Wang Mingxi with 9,040,300 shares and Changzhou Chuangyan Investment Consulting Co., Ltd. with 8,893,944 shares[16] - The company’s board members and senior management have restrictions on transferring shares, limited to 25% of their total holdings annually[17] - The company’s stock incentive plan includes a three-year unlocking schedule for restricted shares, with 40% already unlocked in the first phase[18] - The company reported a total of 38,163,988 restricted shares at the beginning of the period, with 419,975 shares held by other restricted shareholders[18] - The company’s major shareholders are involved in margin trading, holding significant shares through various investment funds[16] - The company’s actual controller, Wang Mingxi, and Huang Yichao, have a familial relationship, with Huang holding 59.50% of Changzhou Chuangyan Investment Consulting Co., Ltd.[16] - The company’s stock structure includes various private equity funds, indicating a diverse shareholder base[16] Regulatory and Corporate Actions - The company completed the acquisition of 100% equity in Changzhou Ruidian Precision Technology Co., Ltd., which has been included in the consolidated financial statements[19] - The company received approval from the China Securities Regulatory Commission for the issuance of convertible bonds to unspecified objects in September 2022[19] - The company transferred a 5% stake in its subsidiary, Changzhou Boyan Technology Co., Ltd., for a total valuation of CNY 24 million, maintaining a 95% ownership post-transfer[20]