FLAC(002536)2022-10-27 16:00Financial Performance - The company's revenue for Q3 2022 was ¥892,605,546.64, representing a year-over-year increase of 28.99%[4] - Net profit attributable to shareholders for Q3 2022 was ¥34,048,754.26, up 37.32% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,488,010.83, an increase of 52.64% year-over-year[4] - The basic earnings per share for Q3 2022 was ¥0.07, reflecting a 40.00% increase compared to the same period last year[7] - Net profit for the third quarter was ¥54,860,061.65, down 67.2% from ¥167,266,803.46 year-over-year[37] - Earnings per share (EPS) for the quarter was ¥0.12, compared to ¥0.34 in the same period last year[40] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥4,260,098,903.72, a decrease of 0.43% from the end of the previous year[7] - The company reported a total current asset of RMB 2.25 billion as of September 30, 2022, compared to RMB 2.18 billion at the beginning of the year, reflecting a growth of approximately 3.5%[27] - The company’s total assets amounted to RMB 4.26 billion as of September 30, 2022, slightly down from RMB 4.28 billion at the beginning of the year[30] - The total liabilities decreased slightly to ¥1,985,214,734.65 from ¥2,008,425,506.13[37] - The total equity attributable to shareholders increased to ¥2,271,918,545.74 from ¥2,264,845,927.81[37] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥106,367,929.19, an increase of 54.74% compared to the same period last year[12] - Cash flow from operating activities was ¥2,396,208,387.47, a decrease from ¥2,565,645,260.69 in the previous year[41] - Cash and cash equivalents at the end of the period totaled 105,969,260.16 at the end of the previous period, showing a decrease in liquidity[47] - The company reported a financial expense of -¥3,446,824.73, a significant improvement compared to ¥32,065,699.04 in the prior period[37] Inventory and Receivables - The company’s inventory decreased to RMB 769.86 million as of September 30, 2022, down from RMB 859.60 million at the beginning of the year, indicating a reduction of approximately 10.4%[27] - The company reported a significant increase in accounts receivable, rising to RMB 872.69 million from RMB 713.98 million, representing an increase of approximately 22.3%[27] Operational Efficiency - The company experienced a 66.10% decrease in net profit attributable to shareholders year-to-date, primarily due to adverse international conditions and rising costs[12] - The company’s financial expenses decreased by 110.75% due to significant foreign exchange gains this period[12] - The company reported a significant increase in prepayments, up 120.86% due to rising raw material prices[10] Future Plans and Investments - The company plans to raise up to RMB 780 million through a private placement, with funds allocated for the production of 6 million new energy electronic water pumps and 5.6 million new energy thermal management components[22] - The company aims to enhance its competitiveness in the new energy thermal management component sector through the implementation of its fundraising projects[23] - The company plans to focus on market expansion and new product development in the upcoming quarters[38] Partnerships and Orders - The company has established partnerships with 65 automotive clients for its electronic water pump series, including major brands like Li Auto and Geely[24] - The company has secured over 3 million orders for its electronic water pump products for the upcoming year, with current year sales expected to exceed 1 million units[24]