DHHI(002204)2022-10-25 16:00Financial Performance - The company's revenue for Q3 2022 reached ¥2,536,762,119.05, an increase of 18.69% compared to the same period last year[6] - Net profit attributable to shareholders was ¥70,522,078.70, representing a significant increase of 109.59% year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥57,283,164.87, up by 52.87% compared to the previous year[6] - The company reported a significant increase in operating profit, which reached ¥212,859,070.25, up by 48.52% year-on-year[12] - The total profit for the period was ¥268,077,725.29, marking a 124.32% increase compared to the same period last year[12] - Net profit increased to ¥226.22 million, a growth of 175.78% compared to the previous period, driven by revenue growth and foreign exchange gains[16] - Net profit attributable to shareholders reached ¥235.14 million, reflecting a 154.86% increase, primarily due to revenue growth and foreign exchange gains[16] - The company's net profit attributable to shareholders increased to ¥2,177,840,157.82, compared to ¥2,000,638,958.99 in the previous year, showing a growth of 8.9%[38] - The total comprehensive income attributable to the parent company's owners is 232,758,854.78, compared to 100,276,766.00 in the previous period, marking an increase of about 132.3%[45] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥21,525,206,658.32, reflecting a growth of 9.03% from the end of the previous year[6] - The total current assets as of September 30, 2022, were ¥17,772,829,265.13, up from ¥16,017,149,316.26 at the beginning of the year, indicating a growth of 10.9%[35] - The total liabilities increased to ¥14,876,614,271.09 from ¥13,268,806,968.58, marking a rise of 12.1%[38] - The cash and cash equivalents decreased to ¥2,486,948,577.56 from ¥2,637,185,018.77, a decline of 5.7%[34] - The cash flow from operating activities showed a negative net amount of -¥334,413,585.08, worsening by 131.33% year-on-year[6] - The net increase in cash and cash equivalents was -¥213.19 million, a decrease of 132.59%, due to increased production investments[16] Research and Development - The company's R&D expenses increased by 59.43% year-on-year, totaling ¥574,876,962.90, indicating a stronger focus on innovation[12] - Research and development expenses increased significantly to ¥574,876,962.90, compared to ¥360,584,653.39 in the previous year, reflecting a growth of 59.5%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 120,331[20] - The largest shareholder, Dalian Heavy Industry Equipment Group Co., Ltd., holds 55.71% of the shares, totaling 1,075,898,974 shares[20] - The controlling shareholder remains Heavy Equipment Group, with the actual controller being Dalian State-owned Assets Supervision and Administration Commission, holding 1,200,880,758 shares, accounting for 62.18% of the total share capital[27] - The company received approval for the transfer of 124,981,784 shares (6.47% of total share capital) from the National Investment Group to Heavy Equipment Group, maintaining the same controlling shareholder[27] Investment Activities - Total cash inflow from investment activities surged to ¥356.03 million, a significant increase of 1,329.75%, mainly from the maturity of entrusted financial products[16] - Cash outflow from investment activities totaled ¥245.18 million, up 42.96%, primarily due to the purchase of structured deposits[16] - Cash flow from investment activities resulted in a net inflow of ¥110.85 million, contrasting with a net outflow of -¥146.60 million in the previous period[16] - The investment activities generated a net cash inflow of 110,854,742.58, compared to a net cash outflow of -146,597,978.06 in the previous period[49] Project Investments - The company plans to invest approximately CNY 3.395155 billion in the construction of the Xiayang Base wind tower intelligent manufacturing project, with a working capital investment of CNY 80.08 million[31] - The total investment for the Zhongge Base large megawatt wind "gearbox+" research project is estimated at CNY 592.39 million, with construction investment of CNY 546.56 million[31] - The large high-end wind core component intelligent manufacturing project has a total investment estimate of CNY 2.575 billion, with construction investment of CNY 2.44 billion[31] Asset Transfers - The company has initiated the transfer of assets including the Dazhong Hotel and Daqi Hotel, with the Dazhong Hotel assessed at CNY 62.5823 million and the Daqi Hotel at CNY 11.8051 million[30] - The company has received CNY 13.2367 million in transaction deposits from the Dazhong Hotel asset transfer after the buyer defaulted[30] - The company has not successfully sold the assets during the initial and extended listing periods, leading to further actions to recover deposits[30] Operational Metrics - Total operating revenue for the third quarter reached ¥7,449,652,198.13, an increase of 18.2% compared to ¥6,302,031,629.58 in the same period last year[39] - Total operating costs amounted to ¥7,178,067,857.70, up 17.3% from ¥6,125,078,482.73 year-over-year[39] - Inventory levels rose to ¥6,386,585,906.57, compared to ¥5,192,504,467.85 at the start of the year, representing an increase of 22.9%[34] - The company reported a significant increase in accounts receivable, which rose to ¥3,977,359,954.47 from ¥3,010,006,832.01, an increase of 32.3%[34]