CSI Intelligent Finance Jinko Energy (688223) disclosed its third quarter report for 2022 on October 29. In the first three quarters of 2022, the company achieved total operating income of 52.772 billion yuan, and increased by 117.40% year-on-year; net profit attributable to shareholders was 1.676 billion yuan, a year-on-year increase of 132.37%; net profit excluding non-network was 1.516 billion yuan, a year-on-year increase of 417.58%; net cash flow generated by operating activities was 2.261 billion yuan, compared with -718 million yuan in the same period last year; during the reporting period, Jinko Energy 's basic earnings per share was 0.17 yuan, and the weighted average return on assets was 7.19%.
announcement shows that the company's operating income changes in the first three quarters are mainly due to strong market demand and the shipment of photovoltaic modules has increased significantly.
According to the third quarter report, the company achieved total operating revenue of 19.364 billion yuan in the third quarter, a year-on-year increase of 126.53%, and a month-on-month increase of 3.41%; net profit attributable to shareholders was 771 million yuan, a year-on-year increase of 393.93%, and a month-on-month increase of 52.96%; net profit excluding non-network was 713 million yuan, a year-on-year increase of 677.26%, and a month-on-month increase of 41.81%.
In the first three quarters of 2022, the company's gross profit margin was 10.24%, a year-on-year decrease of 4.09 percentage points; the net profit margin was 3.18%, an increase of 0.21 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 10.22%, a year-on-year decrease of 4.09 percentage points and a month-on-month decrease of 0.98 percentage points; the net profit margin was 3.98%, an increase of 2.15 percentage points from the same period last year and 1.29 percentage points from the previous quarter.
In the third quarter of 2022, the company's return on equity was 3.09%, up 1.90 percentage points year-on-year and 1.00 percentage points month-on-month.
In the first three quarters of 2022, the company's net cash flow of in operating activities was 2.261 billion yuan, an increase of 2.979 billion yuan year-on-year; the net cash flow of financing activities was 11.65 billion yuan, an increase of 6.765 billion yuan year-on-year; the net cash flow of investment activities was -9.112 billion yuan, compared with -4.958 billion yuan in the same period last year.
In the first three quarters of 2022, the company's operating income cash ratio was 101.73%, and the net cash ratio was 134.93%.
In the first three quarters of 2022, the company's period expenses were 3.106 billion yuan, an increase of 462 million yuan from the same period last year; but the period expense ratio was 5.89%, a decrease of 5.00 percentage points from the same period last year. Among them, sales expenses increased by 103.4% year-on-year, administrative expenses increased by 71.01% year-on-year, R&D expenses increased by 61.04% year-on-year, and financial expenses changed from 698 million yuan in the same period last year to -361 million yuan.
In terms of major changes in assets, as of the end of the third quarter of 2022, the company's advance payment increased by 259.83% from the end of the previous year, accounting for 3.76 percentage points of the company's total assets; fixed assets increased by 61.55% from the end of the previous year, accounting for 1.46 percentage points of the company's total assets; construction projects under construction decreased by 14.21% from the end of the previous year, accounting for 1.45 percentage points of the company's total assets; monetary funds increased by 43.41% from the end of the previous year, accounting for 1.44 percentage points of the company's total assets.
In terms of major changes in liabilities, as of the end of the third quarter of 2022, the company's short-term loans decreased by 4.28% from the end of the previous year, accounting for 5.94 percentage points of the company's total assets; accounts payable increased by 27.30% from the end of the previous year, accounting for 2.44 percentage points of the company's total assets; long-term loans increased by 725.08% from the end of the previous year, accounting for 2.42 percentage points of the company's total assets; other current liabilities increased by 0.62% from the end of the previous year, accounting for 1.36 percentage points of the company's total assets. In terms of debt repayment ability, the company's debt-to-asset ratio at the end of the third quarter of 2022 was 77.05%, a decrease of 4.35 percentage points from the end of the previous year; the interest-bearing debt-to-asset ratio of was 14.50%, a decrease of 4.42 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 were Gaohua- HSBC -GOLDMAN, SACHSCO.LLC, replacing Quebec Savings Investment Group at the end of the second quarter. In terms of specific shareholding ratio, the holdings of GF High-end Manufacturing Stock-Initiated Securities Investment Fund, Huaxia Shanghai Stock Science and Technology Innovation Board 50 Component Trading Open-End Index Securities Investment Fund, GF Xinxiang Flexible Allocation Mixed Securities Investment Fund, and Huaan Research Smart Select Mixed Securities Investment Fund have increased, while the holdings of Ren Hanxi, Allianz Global Investment Singapore Co., Ltd.-Alianz Shenzhou A-share Fund (exchange), Tian Ya, and Ren Xiangmin have decreased.
| Share name | Stakeholder shares (ten thousand shares) | Sales proportion (%) | Total share capital (%) | Variation ratio (%) |
|---|---|---|---|---|
| GF High-end Manufacturing Stock-Initiated Securities Investment Fund | 5556.46 | 0.5556 | 0.13 | |
| Huaxia Shanghai Stock Exchange Science and Technology Innovation Board 50 Component Trading Open Index Securities Investment Fund | 5067.52 | 0.5067 5 | 0.08 | |
| Guangfa Xinxiang Flexible Allocation Hybrid Securities Investment Fund | 4199.53 | 0.4199 | 0.02 | |
| Ren Hanxi | 2780.37 | 0.278 | -0.18 | |
| Allianz Global Investment Singapore Co., Ltd.-Allianz Shenzhou A-share Fund (exchange) | 2664.68 | 0.2664 | 4-0.06||
| Tianya | 2500 | .25 | -0.06 | |
| Huan reverse strategy hybrid securities investment fund | 2306.97 | 0.2306 | unchanged | |
| Huan Research Intelligent Selection Mixed Securities Investment Fund | 2116.48 | 0.2116 | 0.02 | |
| Ren Xiangmin | 2000 | 0.2 | -0.05 | |
| Gaohua-HSBC-GOLDMAN, SACHSCO.LLCh | 1970.93 | 0.197 | new |
chip concentration, as of the end of the third quarter of 2022, the company's total number of shareholders was 70,800, down 12,300 from the end of the second quarter, a decrease of 14.84%; the average shareholding market value increased from 1.795 million yuan at the end of the second quarter to 2.3534 million yuan, an increase of 31.11%.
