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东岳硅材(300821) - 2022 Q3 - 季度财报

Revenue Performance - Revenue for Q3 2022 reached ¥1,676,624,845.32, an increase of 38.13% year-over-year, while year-to-date revenue was ¥5,179,494,228.04, up 80.59% compared to the same period last year[6]. - The company achieved a revenue of RMB 1.677 billion in Q3 2022, representing a 38.13% increase compared to the same period last year[21]. - The company's total revenue for the period reached ¥5,179,494,228.04, a significant increase from ¥2,868,156,132.57 in the previous period, representing an increase of approximately 80.5%[31]. Profitability - Net profit attributable to shareholders for Q3 2022 was ¥60,920,941.25, a decrease of 85.07% year-over-year, with year-to-date net profit at ¥579,491,991.76, down 25.51% compared to the previous year[6]. - The net profit attributable to shareholders was RMB 60.92 million, a decrease of 85.07% year-on-year, primarily due to a significant decline in market prices of main products[21]. - The company's net profit for the period was ¥692,177,979.38, down from ¥917,058,717.02 in the previous period, indicating a decrease of approximately 24.6%[31]. - The net profit attributable to shareholders of the parent company is approximately ¥579.49 million, down from ¥777.94 million, reflecting a decrease of around 25.5%[33]. - The total profit for the current period is approximately ¥681.85 million, a decrease from ¥916.16 million in the previous period, representing a decline of about 25.6%[33]. Earnings Per Share - Basic earnings per share for Q3 2022 was ¥0.05, reflecting an 85.29% decline year-over-year, while year-to-date earnings per share was ¥0.48, down 26.15%[6]. - The basic and diluted earnings per share for the current period are both ¥0.48, compared to ¥0.65 in the previous period, indicating a decline of approximately 26.2%[33]. Assets and Liabilities - Total assets as of the end of Q3 2022 amounted to ¥6,452,003,609.06, representing a 2.83% increase from the end of the previous year[6]. - The company's total current assets decreased to ¥2,609,552,932.27 from ¥3,116,047,265.32, reflecting a decline of approximately 16.3%[24]. - The total liabilities increased to ¥1,199,182,576.90 from ¥1,148,803,065.60, which is an increase of about 4.4%[27]. - The total non-current assets increased to ¥3,842,450,676.79 from ¥3,158,615,811.43, representing an increase of approximately 21.6%[24]. Cash Flow - Cash flow from operating activities for the first nine months of 2022 was ¥503,390,201.69, an increase of 17.22% year-over-year, driven by higher sales revenue[13]. - Cash inflows from operating activities totaled approximately ¥2.30 billion, an increase from ¥1.18 billion in the previous period, representing a growth of about 96.0%[37]. - The net cash flow from operating activities is approximately ¥503.39 million, compared to ¥429.45 million in the previous period, showing an increase of about 17.2%[37]. - Cash outflows from investing activities amounted to approximately ¥418.35 million, a decrease from ¥944.36 million in the previous period, indicating a reduction of about 55.7%[37]. - The net cash flow from financing activities is approximately -¥452.50 million, worsening from -¥150.00 million in the previous period, reflecting a decline of about 201.7%[40]. - The cash and cash equivalents at the end of the period stand at approximately ¥1.61 billion, down from ¥2.04 billion at the beginning of the period, a decrease of about 21.4%[40]. Research and Development - Research and development expenses for the first nine months of 2022 were ¥229,682,351.03, a 42.77% increase compared to the same period last year, indicating a focus on innovation[12]. - Research and development expenses increased to ¥229,682,351.03 from ¥160,871,123.83, reflecting a rise of about 42.7%[31]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 85,023, with the top 10 shareholders holding 85.75% of the shares[16]. - Dongyue Fluorosilicone Technology Group Co., Ltd. held 693 million shares, accounting for 57.75% of the total shares[16]. - The total number of restricted shares at the beginning of the period was 783 million, with no shares released or added during the period[20]. Operational Challenges - The company faces potential adverse impacts on profitability due to historical price volatility of silicone products and upstream raw materials[21]. - The company is monitoring the expansion speed of industry capacity against market demand to mitigate risks of significant profit declines[21]. Operating Costs - The company experienced a 146.81% increase in operating costs, totaling ¥4,208,600,572.24, primarily due to increased production and raw material costs[12]. - The cost of goods sold was ¥4,208,600,572.24, compared to ¥1,705,176,191.17 in the previous period, indicating a rise of about 146.5%[31].