HAXC (SZ:300928)2022-10-24 16:00Financial Performance - The company's revenue for Q3 2022 was ¥235,893,140.64, representing an increase of 8.78% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥14,668,402.15, a decrease of 2.64% year-on-year[5]. - The basic earnings per share for Q3 2022 was ¥0.18, down 5.26% from the previous year[5]. - Total operating revenue for Q3 2022 reached ¥630,798,805.97, an increase of 5.3% compared to ¥596,638,894.75 in Q3 2021[18]. - Operating profit for Q3 2022 was ¥44,074,391.37, compared to ¥39,895,695.72 in Q3 2021, indicating a growth of 5.5%[18]. - The net profit for Q3 2022 was CNY 39,939,851.43, an increase of 3.6% compared to CNY 38,556,064.89 in Q3 2021[19]. - The total comprehensive income for Q3 2022 reached CNY 50,428,380.81, up from CNY 37,766,835.64 in the same period last year, representing a growth of 33.9%[19]. - The company reported a net profit margin improvement, with net profit for the period showing positive trends compared to previous quarters, although specific figures were not disclosed in the provided data[18]. Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥1,356,675,218.03, an increase of 2.81% from the end of the previous year[5]. - Total assets as of September 30, 2022, amounted to ¥1,356,675,218.03, up from ¥1,319,533,821.38 at the beginning of the year, indicating a growth of 2.8%[16]. - Total liabilities decreased slightly to ¥57,694,361.34 from ¥58,931,345.50, a reduction of 2.1%[16]. - The company's equity attributable to shareholders increased to ¥1,295,262,583.94 from ¥1,260,740,110.21, reflecting a growth of 2.7%[16]. - The company's total equity attributable to shareholders increased by 2.74% to ¥1,295,262,583.94 compared to the end of the previous year[5]. Cash Flow - The company reported a net cash flow from operating activities of ¥5,169,773.63 for the first nine months of 2022, a substantial increase of 106.53%[5]. - Operating cash flow for Q3 2022 was CNY 5,169,773.63, a significant improvement from a negative cash flow of CNY -79,184,378.41 in Q3 2021[20]. - Cash and cash equivalents decreased to ¥481,037,282.60 as of September 30, 2022, down from ¥623,409,971.30 at the beginning of the year, representing a decline of 22.8%[16]. - Cash received from investment recoveries surged by 164.04% to CNY 1,175,000,000.00, attributed to the maturity of purchased large bank deposits[9]. - Cash received from investment income increased by 108.04% to CNY 7,309,431.95, driven by higher returns from structured deposits[9]. - The company experienced a net cash outflow from investing activities of CNY -138,423,245.14 in Q3 2022, compared to CNY -81,504,659.51 in Q3 2021[20]. - The total cash inflow from investment activities was CNY 1,213,476,285.08 in Q3 2022, significantly higher than CNY 459,020,078.01 in the same period last year[20]. - The company reported a net cash outflow from financing activities of CNY -12,335,548.19 in Q3 2022, an improvement from CNY -43,171,941.97 in Q3 2021[21]. Expenses - Research and development expenses for the first nine months of 2022 amounted to ¥27,525,879.75, a significant increase of 76.10% compared to the same period in 2021[8]. - Research and development expenses rose significantly to ¥27,525,879.75 in Q3 2022, compared to ¥15,630,732.47 in Q3 2021, reflecting a year-over-year increase of 75.9%[18]. - Total operating costs for Q3 2022 were ¥595,178,426.48, up from ¥563,623,999.59 in the same period last year, reflecting a year-over-year increase of 5.6%[18]. - The company incurred a total operating expense of CNY 736,592,859.35 in Q3 2022, slightly higher than CNY 733,574,103.28 in the previous year[20]. - Employee compensation payments increased by 47.46% to CNY 37,295,639.27, primarily due to an increase in the number of employees[9]. - Cash payments for taxes rose by 66.90% to CNY 18,583,356.97, mainly due to increased VAT payments[9]. Inventory and Receivables - The company's inventory increased by 62.95% to ¥16,067,180.10, reflecting strategic stockpiling in anticipation of higher shipment volumes[8]. - The company experienced a 40.06% decrease in receivables financing, primarily due to the collection of a large number of matured notes during the reporting period[8]. - Accounts receivable increased to ¥432,863,686.76 from ¥386,789,205.21, marking an increase of 11.9%[16]. Government Support and Taxation - The company received government subsidies totaling ¥497,942.67 in Q3 2022, contributing to its non-operating income[6]. - The company received tax refunds of CNY 120,163.26, a decrease of 88.47% compared to CNY 1,042,363.39 in the same period last year[9]. Capital Expenditures - Capital expenditures for fixed assets and intangible assets increased by 322.23% to CNY 32,579,010.83, primarily due to higher payments for machinery and equipment[9]. - Investment cash payments increased by 147.62% to CNY 1,319,320,519.39, mainly for purchasing structured deposits and large bank deposits[9]. Exchange Rate Impact - The impact of exchange rate fluctuations on cash and cash equivalents was significant, with a change of 1,462.14% to CNY 3,216,331.00[9].