CSI Intelligent Finance Rongbai Technology (688005) disclosed its third quarter report for 2022 on October 21. In the first three quarters of 2022, the company achieved total operating income of 19.28 billion yuan, a year-on-year increase of 208.41%; net profit attributable to sh

CSI Intelligent Finance Rongbai Technology (688005) disclosed its third quarter report for 2022 on October 21. In the first three quarters of 2022, the company achieved total operating income of 19.28 billion yuan, and increased by 208.41% year-on-year; net profit attributable to shareholders was 918 million yuan, a year-on-year increase of 67.32%; net profit excluding non-operating items was 911 million yuan, a year-on-year increase of 94.26%; net cash flow generated by operating activities was 510 million yuan, a year-on-year increase of 1010.79%; during the reporting period, Rongbai Technology 's basic earnings per share was 2.05 yuan, and the weighted average return on assets was 15.59%.

announcement shows that the company's operating income changes in the first three quarters are mainly due to the continuous and rapid development of the new energy industry, strong downstream demand, and the company's order volume maintains a rapid growth trend. As the company's new production capacity gradually released, production and sales volume has increased significantly compared with the same period last year, coupled with the increase in sales prices, the company's operating income has increased significantly; the changes in net profit attributable to shareholders are mainly due to the continued prosperity of the global new energy vehicle market and power batteries, strong downstream demand, and the company's shipments of high-nickel ternary positive electrode materials have increased significantly year-on-year. The company has achieved profitability improvement by continuously strengthening supply chain construction and improving production and operation capabilities.

According to the third quarter report, the company achieved total operating income of 7.727 billion yuan in the third quarter, a year-on-year increase of 190.58% and a month-on-month increase of 21.02%; net profit attributable to shareholders was 182 million yuan, a year-on-year decrease of 20.01% and a month-on-month decrease of 58.92%; net profit excluding non-network was 188 million yuan, a year-on-year decrease of 7.98% and a month-on-month decrease of 55.83%.

In the first three quarters of 2022, the company's gross profit margin was 10.05%, a year-on-year decrease of 4.44 percentage points; the net profit margin was 4.77%, a decrease of 3.99 percentage points from the same period last year. Judging from the single-quarter indicators, the company's gross profit margin in the third quarter of 2022 was 5.86%, a year-on-year decrease of 8.76 percentage points and a month-on-month decrease of 6.40 percentage points; the net profit margin was 2.39%, a decrease of 6.15 percentage points from the same period last year and a decrease of 4.56 percentage points from the previous quarter.

In the third quarter of 2022, the company's return on equity was 2.91%, a year-on-year decrease of 1.73 percentage points and a month-on-month decrease of 4.58 percentage points.

In the first three quarters of 2022, the company's operating activities, the net cash flow of was 510 million yuan, a year-on-year increase of 1010.79%, mainly due to the company's sales collection method mainly receivable collection. According to cash demand and capital cost status, the company manages the discount of bills receivable; the net cash flow of financing activities was 3.559 billion yuan, a year-on-year increase of 2.595 billion yuan; the net cash flow of investment activities was -2.91 billion yuan, a year-on-year increase of -489 million yuan.

In the first three quarters of 2022, the company's operating income cash ratio was 116.13%, and the net cash ratio was 55.60%.

In the first three quarters of 2022, the company's period expenses were 738 million yuan, an increase of 372 million yuan from the same period last year; but the period expense ratio was 3.83%, a decrease of 2.03 percentage points from the same period last year. Among them, sales expenses increased by 88.85% year-on-year, administrative expenses increased by 84.54% year-on-year, R&D expenses increased by 93.88% year-on-year, and financial expenses changed from -23.1969 million yuan in the same period last year to -653,300 yuan.

In terms of major changes in assets, as of the end of the third quarter of 2022, the company's accounts receivable increased by 169.33% from the end of the previous year, accounting for 7.70 percentage points, accounting for the company's total assets; advance payments increased by 719.42% from the end of the previous year, accounting for 5.02 percentage points; construction projects under construction increased by 10.61% from the end of the previous year, accounting for 4.41 percentage points; fixed assets increased by 38.09% from the end of the previous year, accounting for 3.30 percentage points. In terms of major changes in liabilities of

, as of the end of the third quarter of 2022, the company's accounts payable increased by 58.81% from the end of the previous year, accounting for 0.81 percentage points, accounting for 0.81 percentage points; short-term loans increased by 280.77% from the end of the previous year, accounting for 4.38 percentage points; long-term loans increased by 163.16% from the end of the previous year, accounting for 2.53 percentage points; non-current liabilities due within one year, increased by 29.42% from the end of the previous year, accounting for 0.15 percentage points. In terms of debt repayment ability, the company's debt-to-asset ratio at the end of the third quarter of 2022 was 67.45%, an increase of 4.41 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 15.19%, an increase of 6.76 percentage points from the end of the previous year.

The third quarter report shows that among the top ten circulating shareholders of the company at the end of the third quarter of 2022, the new shareholders are Ge Weidong , E Fund Shanghai Stock Exchange Science and Technology Innovation Board 50 Component Trading Open-End Index Securities Investment Fund, Tianjin Century Jinshajiang Equity Investment Fund Partnership (Limited Partnership), Chuangjinhexin New Energy Vehicle Theme Stock Initiative Securities Investment Fund, replacing the GF multi-factor flexible allocation hybrid securities investment fund, Xingquan Hetai hybrid securities investment fund, Xingquan Hefeng three-year holding period hybrid securities investment fund, and Oriental Growth Small and Medium Cap Mixed Open-End Securities Investment Fund at the end of the second quarter. In terms of specific shareholding ratio, the holdings of Hong Kong Central Clearing Co., Ltd., Huaxia Shanghai Stock Exchange Science and Technology Innovation Board 50 Component Trading Open-End Index Securities Investment Fund, and Cathay Smart Automobile Stock Securities Investment Fund have increased, while the holdings of Huzhou Haiyu Equity Investment Partnership (Limited Partnership), Gongqingcheng Rongcheng Investment Management Partnership (Limited Partnership), and Hubei Changjiang Weilai New Energy Industry Development Fund Partnership (Limited Partnership) have decreased.

In terms of chip concentration, as of the end of the third quarter of 2022, the company's total number of shareholders was 26,000, an increase of 8,541 from the end of the second quarter, an increase of 48.88%; the average shareholding market value fell from 3.3191 million yuan at the end of the second quarter to 1.4585 million yuan, a decrease of 56.06%.