2022 年第三季度报告 证券代码：688036 证券简称：传音控股 深圳传音控股股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | --- | |-------|-----------------------------------------------|-------------------|--------------------------------------|-------------------|--------------------------- ...

Financial Performance - The company reported a total revenue of RMB 1.5 billion for the first half of 2022, representing a year-on-year increase of 10%[11]. - The net profit attributable to shareholders was RMB 300 million, a decrease of 5% compared to the same period last year[11]. - The company has set a revenue guidance of RMB 3.2 billion for the full year 2022, indicating a growth target of 15%[11]. - The gross margin for the first half of 2022 was reported at 25%, a slight decrease from 27% in the previous year[11]. - The company's operating revenue for the first half of 2022 was approximately ¥23.11 billion, a year-on-year increase of 1.12% compared to ¥22.85 billion in the same period last year[18]. - The net profit attributable to shareholders decreased by 4.53% to approximately ¥1.65 billion, down from ¥1.73 billion in the previous year[18]. - Basic earnings per share decreased by 5.07% to ¥2.06, down from ¥2.17 in the same period last year[19]. - The company achieved a revenue of 900 million, marking a 27.4% increase compared to the previous period[52]. - The company reported a revenue of 4,600 million, with a focus on developing multi-modal interaction technologies for popular vertical markets[53]. - The company reported a total revenue of 7,100.00 million, with a verification revenue of 3,780.79 million, indicating a strong performance in the development collaboration platform[56]. Research and Development - Research and development expenses accounted for 8% of total revenue, reflecting the company's commitment to innovation[11]. - The company's R&D expenses increased by ¥249.9964 million, representing a 39.09% year-on-year rise, reflecting the company's commitment to technological innovation[20]. - The company reported a total R&D expenditure of approximately ¥889.61 million, representing a year-on-year increase of 39.09%[46]. - R&D expenditure accounted for 3.85% of total revenue, up from 2.80% in the previous year, indicating a significant increase in investment in innovation[46]. - The number of R&D personnel increased by 66.13% year-on-year, reaching 3,482 employees, contributing to the rise in R&D costs[47]. - The company is focusing on R&D investments in core technology areas such as multi-language voice assistants, 5G, and AIoT connectivity[72]. - The company is actively pursuing international standardization in deep skin tone imaging, enhancing its competitive edge in global markets[38]. - The company is committed to improving the smoothness of mobile device systems and optimizing hardware resource scheduling[53]. Market Expansion and Strategy - The company aims to expand its market presence in Southeast Asia, with a projected investment of RMB 200 million in marketing and distribution[11]. - The company plans to launch three new smartphone models in the second half of 2022, targeting a 20% increase in market share[11]. - The company has developed a multi-brand strategy, including TECNO, itel, and Infinix, to cater to different consumer segments in Africa[63]. - The company is exploring new mobile phone forms, with a development budget of ¥4,500 million, aiming for industry-leading capabilities[60]. - The company is actively exploring and optimizing development models suitable for new markets, with a clear strategy for key countries[72]. - The company operates in over 70 countries and regions, with partnerships with more than 2,000 experienced distributors, enhancing its market penetration in emerging markets[67]. User Experience and Product Development - User data indicated that the active user base reached 100 million, with a growth rate of 15% year-on-year[11]. - The company has implemented a data analysis engine to enhance user experience across its product lines, focusing on user behavior and preferences[40]. - The company has developed a localized operating system (Transsion OS) tailored for emerging markets, improving connectivity and user interaction[41]. - The company is focusing on the development of a digital skin tone theory to optimize color representation for different demographics[52]. - Future product lines will incorporate advanced AI technologies to enhance user experience and performance across devices[52]. - The company is enhancing cross-device interaction experiences through innovative technologies, supporting market expansion and user engagement[55]. Financial Management and Risks - The net cash flow from operating activities was a net outflow of approximately ¥662.36 million, an increase in outflow of ¥412.68 million compared to the previous year[20]. - The company faces risks related to core material supply concentration and price fluctuations, particularly for key components like chips and screens[80]. - The company is exposed to foreign exchange risks as its sales are primarily conducted in foreign currencies, particularly USD, which may affect financial performance[87]. - The company has committed to maintaining transparency regarding any unfulfilled promises, ensuring investor protection[144]. - The company is actively managing its shareholding structure to optimize its market position and investor relations[132]. Corporate Governance and Compliance - The company has committed to not transferring or entrusting the management of its pre-IPO shares for 36 months from the date of listing, ensuring shareholder stability[126]. - The company has established a clear framework for share transfers post-IPO, ensuring compliance with regulatory requirements and protecting shareholder interests[130]. - The company will ensure that the measures to fill the diluted immediate returns are effectively implemented[138]. - The company has committed to not facilitating any transfer of shares by its partners during the lock-up period, reinforcing its commitment to stability[129]. - The company will enhance operational management and internal controls to improve operational efficiency[138]. Legal Matters - The company is involved in a significant lawsuit regarding an export tax refund amounting to RMB 22,235,049.54, which is currently under dispute with Shenzhen Nianfu Supply Chain Co., Ltd.[150]. - The company is actively pursuing legal action to confirm its rights to the export tax refund and has appealed a previous court ruling[151]. - The company has established measures to protect investor rights in case of commitment failures due to external factors[148].

Report Overview [Important Notice](index=1&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This unaudited quarterly report's content is guaranteed by the board, supervisory board, and senior management, who assume legal responsibility - The company's board, supervisory board, and senior management **guarantee the truthfulness, accuracy, and completeness** of the quarterly report's content, assuming legal responsibilities[2](index=2&type=chunk) - The first quarter financial statements are **unaudited**[2](index=2&type=chunk) [Key Financial Data and Indicators](index=1&type=section&id=%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E6%8C%87%E6%A0%87) Q1 2022 revenue and net profit slightly decreased, R&D investment significantly increased, total assets and equity grew, and non-recurring gains were mainly from government subsidies Key Accounting Data and Financial Indicators Operating revenue declined **1.75%** to **11.06 billion RMB**, net profit to parent company fell **0.70%** to **796 million RMB**, while R&D investment surged **25.20%**, and total assets and equity grew | Item | Amount for Current Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 11.055 billion | -1.75 | | Net Profit Attributable to Listed Company Shareholders | 795.63 million | -0.70 | | Net Profit Attributable to Listed Company Shareholders Excluding Non-recurring Gains and Losses | 711.17 million | -7.62 | | Net Cash Flow from Operating Activities | 122.67 million | N/A | | Basic Earnings Per Share (RMB/share) | 0.99 | -1.00 | | Diluted Earnings Per Share (RMB/share) | 0.99 | -1.00 | | Weighted Average Return on Net Assets (%) | 5.51 | Decrease of 1.81 percentage points | | Total R&D Investment | 395.30 million | 25.20 | | Ratio of R&D Investment to Operating Revenue (%) | 3.58 | Increase of 0.77 percentage points | | **As of End of Current Period** | | **Change from End of Previous Year (%)** | | Total Assets | 32.041 billion | 1.85 | | Owners' Equity Attributable to Listed Company Shareholders | 14.864 billion | 6.00 | Non-recurring Gains and Losses Non-recurring gains and losses primarily included **97.25 million RMB** in government subsidies and **2.90 million RMB** from fair value changes of financial assets | Item | Amount for Current Period (RMB) | | :--- | :--- | | Non-current Asset Disposal Gains and Losses | 569372.31 | | Government Subsidies Recognized in Current Profit or Loss | 97.25 million | | Fair Value Change Gains and Losses from Transactional Financial Assets, Derivative Financial Assets, and Investment Income | 2.90 million | Shareholder Information [Total Common Shareholders and Top Ten Shareholders' Holdings](index=3&type=section&id=%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) The company had **13,213** common shareholders; Shenzhen Transsion Investment Co., Ltd. was the largest at **50.95%** (all restricted), with top ten including employee platforms and institutional investors - Total common shareholders at the end of the reporting period were **13,213**[6](index=6&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Number of Shares Held | Shareholding Ratio (%) | Number of Restricted Shares Held | | :--- | :--- | :--- | :--- | :--- | | Shenzhen Transsion Investment Co., Ltd. | Domestic Non-state Legal Person | 408,425,276 | 50.95 | 408,425,276 | | Yuanke (Pingtan) Equity Investment Management Partnership (Limited Partnership) - Yuanke (Pingtan) Equity Investment Fund Partnership (Limited Partnership) | Other | 67,202,649 | 8.38 | 0 | | Yunnan Chuanli Enterprise Management Co., Ltd. | Domestic Non-state Legal Person | 44,289,526 | 5.52 | 0 | | Yunnan Chuanli Enterprise Management Center (Limited Partnership) | Other | 22,162,178 | 2.76 | 0 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 22,084,206 | 2.75 | 0 | - Shenzhen Transsion Investment Co., Ltd., Yunnan Chuanli Enterprise Management Co., Ltd., Yunnan Chuanyin Enterprise Management Center (Limited Partnership), Yunnan Chuanli Enterprise Management Center (Limited Partnership), and Yunnan Chuancheng Enterprise Management Center (Limited Partnership) are **employee stock ownership platforms**[8](index=8&type=chunk) Quarterly Financial Statements [Audit Opinion](index=5&type=section&id=%E5%AE%A1%E8%AE%A1%E6%84%8F%E8%A7%81) This quarter's financial statements are unaudited - This quarter's financial statements are **unaudited**[10](index=10&type=chunk) [Consolidated Balance Sheet](index=5&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2022, total assets increased **1.85%** to **32.04 billion RMB**, with significant growth in cash and inventory, a decrease in transactional financial assets, and a **6.00%** rise in owners' equity to **14.86 billion RMB** Consolidated Balance Sheet Highlights | Item | March 31, 2022 (RMB) | December 31, 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 11.753 billion | 9.855 billion | 19.26 | | Transactional Financial Assets | 4.422 billion | 6.536 billion | -32.35 | | Inventories | 8.486 billion | 7.579 billion | 11.97 | | Total Current Assets | 27.218 billion | 26.838 billion | 1.41 | | Construction in Progress | 1.174 billion | 1.039 billion | 13.00 | | Right-of-use Assets | 252.26 million | 205.39 million | 22.83 | | Total Assets | 32.041 billion | 31.459 billion | 1.85 | | Total Current Liabilities | 13.905 billion | 14.308 billion | -2.81 | | Total Non-current Liabilities | 3.235 billion | 3.091 billion | 4.66 | | Total Owners' Equity Attributable to Parent Company | 14.864 billion | 14.023 billion | 6.00 | [Consolidated Income Statement](index=8&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) Q1 2022 total operating revenue declined **1.75%** to **11.06 billion RMB**; selling, R&D, and financial expenses increased, resulting in a **0.39%** net profit decrease to **794 million RMB** Consolidated Income Statement Highlights | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 11.055 billion | 11.252 billion | -1.75 | | Operating Costs | 8.687 billion | 8.819 billion | -1.50 | | Selling Expenses | 723.60 million | 711.84 million | 1.65 | | Administrative Expenses | 240.06 million | 255.06 million | -5.90 | | R&D Expenses | 395.30 million | 315.74 million | 25.20 | | Financial Expenses | 31.58 million | -1.32 million | Significant increase | | Net Profit | 794.21 million | 797.35 million | -0.39 | | Net Profit Attributable to Parent Company Shareholders | 795.63 million | 801.24 million | -0.70 | | Basic Earnings Per Share (RMB/share) | 0.99 | 1.00 | -1.00 | - The 2021 annual report changed the presentation of transportation expenses under operating costs, with **Q1 2021 presentation adjusted accordingly**[16](index=16&type=chunk) [Consolidated Cash Flow Statement](index=10&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Q1 2022 operating cash flow turned positive to **123 million RMB**, driven by increased tax refunds and reduced purchase payments; investing cash flow significantly improved due to higher investment recovery, while financing cash flow turned negative Consolidated Cash Flow Statement Highlights | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | | :--- | :--- | :--- | | Cash Received from Sales of Goods and Provision of Services | 11.533 billion | 13.127 billion | | Tax Refunds Received | 1.529 billion | 1.096 billion | | Cash Paid for Goods and Services | 10.949 billion | 12.062 billion | | Net Cash Flow from Operating Activities | 122.67 million | -24.96 million | | Cash Received from Investment Recovery | 3.661 billion | 1.010 billion | | Cash Paid for Investments | 1.660 billion | 4.715 billion | | Net Cash Flow from Investing Activities | 1.824 billion | -3.792 billion | | Net Cash Flow from Financing Activities | -18.65 million | 534.48 million | | Net Increase in Cash and Cash Equivalents | 1.946 billion | -3.296 billion | - Net cash flow from operating activities turned **positive from negative**, mainly due to increased tax refunds and reduced cash paid for purchases[16](index=16&type=chunk) - Net cash flow from investing activities **significantly improved**, primarily due to a substantial increase in cash received from investment recovery[16](index=16&type=chunk)[17](index=17&type=chunk) Other Matters [Other Reminders](index=5&type=section&id=%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) No other significant operating matters requiring special investor attention occurred during the reporting period - The company's operating situation during the reporting period had **no other important information** requiring special attention from investors[10](index=10&type=chunk) [Explanation of New Accounting Standards Adjustments](index=11&type=section&id=%E6%96%B0%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E8%B0%83%E6%95%B4%E8%AF%B4%E6%98%8E) The company adopted new accounting standards in 2022, with no related financial statement adjustments in the current period - New accounting standards were first implemented starting in 2022, but there were **no related financial statement adjustments** in the current reporting period[18](index=18&type=chunk)

Financial Performance - The net profit attributable to ordinary shareholders for 2021 was RMB 390,922.93 million, with a proposed cash dividend of RMB 15 per 10 shares, totaling RMB 120,253.64 million, which represents 30.76% of the net profit[6]. - The cumulative distributable profit for the parent company at the end of the period was RMB 178,471.57 million[6]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a 20% growth year-over-year[21]. - In 2021, the company's operating revenue reached ¥49.41 billion, a year-on-year increase of 30.75% compared to ¥37.79 billion in 2020[22]. - The net profit attributable to shareholders of the listed company was ¥3.91 billion, reflecting a 45.52% increase from ¥2.69 billion in 2020[22]. - Basic earnings per share rose to ¥4.88, up 45.24% from ¥3.36 in 2020[23]. - The company's net assets attributable to shareholders increased by 33.65% to ¥14.02 billion at the end of 2021, compared to ¥10.49 billion at the end of 2020[24]. - The company achieved an annual revenue of CNY 49.41 billion, representing a year-on-year growth of 30.75%[32]. - The net profit attributable to the parent company was CNY 3.91 billion, an increase of 45.52% compared to the previous year[32]. - The company reported a net profit margin of 12% for 2021, which is an improvement from 10% in 2020, reflecting better cost management strategies[178]. Market Expansion and Strategy - The company is expanding its market presence in Africa, targeting a 30% market share by the end of the next fiscal year[21]. - The company is actively expanding its product categories, including smart wearables and home appliances, to enhance its ecosystem[38]. - The smartphone market in emerging regions, including Africa and South Asia, presents significant growth potential due to low smartphone penetration and increasing demand[48]. - The company is positioned as a technology brand targeting overseas emerging markets, leveraging its proprietary operating system and internet services[51]. - The company plans to continue expanding its market presence in emerging markets, leveraging its competitive advantages in mobile phone sales[121]. - The company aims to enhance its competitive advantage in Africa by deepening channel cooperation and supporting local retail development[152]. - The new market expansion strategy has shown progress in 2021, with a focus on developing differentiated products tailored to local market characteristics[153]. - Market expansion plans include entering three new international markets by the end of 2022, which is expected to increase overall market share by 5%[178]. Research and Development - Research and development investments increased by 10%, focusing on AI and 5G technologies[21]. - The company maintained a research and development investment ratio of 3.06% of operating revenue, consistent with the previous year[23]. - The company achieved a 30.51% increase in R&D investment, totaling approximately ¥1.51 billion in the reporting period, compared to ¥1.16 billion in the previous year[63]. - The workforce in R&D increased by 48.56% year-on-year, reaching 2,845 employees by the end of 2021[63]. - The company is investing in research and development, allocating 10% of its revenue, approximately 150 million, towards new technologies and innovations[178]. - The company is focusing on integrating AI and big data to enhance user experience and optimize resource allocation[53]. - The company has developed a localized deep skin tone photography technology, establishing a comprehensive innovation system in this niche market[57]. - The company has implemented UV spray anti-corrosion technology and localized innovation for hardware materials, significantly improving product durability against sweat and corrosion[58]. Corporate Governance - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[4]. - The company has not disclosed any special arrangements for corporate governance[8]. - The company held 8 board meetings, 8 supervisory board meetings, and 2 shareholder meetings during the reporting period, ensuring compliance with relevant regulations[169]. - The company emphasizes local talent acquisition and training as a core competitive advantage[166]. - The company is committed to enhancing information disclosure quality and transparency to manage investor relations effectively[169]. - The company has not faced any objections from directors regarding company matters during the reporting period[189]. Operational Risks - The company has detailed various operational risks in the report, which investors are advised to review[4]. - The company faces risks related to technological innovation not meeting market demands, which could lead to a decline in product sales[92]. - The company is exposed to risks from concentrated supply of key raw materials, which could impact profitability if there are significant price fluctuations[97]. - The rapid expansion of the company's operations has increased demands on its organizational structure and management system, posing risks if management innovation does not keep pace[99]. - The company faces risks in overseas operations due to varying political, economic, and regulatory environments across different countries, which could adversely affect its business[100]. Product Development and Innovation - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on smart devices and IoT solutions[21]. - The company has developed personalized application technologies tailored to African consumers, including deep skin tone photography and night-time photo capture technology[86]. - The company is focusing on product competitiveness in the home appliance sector and deepening channel transformation to support sustainable growth[165]. - The company is enhancing its product development processes to improve efficiency and responsiveness to market demands[157]. - The company is focusing on the development of AI scene recognition technology, which supports twelve different scenarios for photo enhancement, contributing to a revenue of 829.04 million[75]. Financial Management - The net cash flow from operating activities was ¥4.04 billion, a decrease of 6.25% from ¥4.31 billion in 2020[22]. - The company’s total liabilities included accounts payable of 8,799,828,525.04 RMB, which increased by 9.66%[137]. - The company’s deferred income tax liabilities increased by 482.26% to 121,974,734.79 RMB, reflecting temporary differences in tax[138]. - The company’s long-term employee compensation liabilities rose by 87.60% to 466,476,846.91 RMB, driven by increased provisions for long-term incentive plans[138]. - The company has a cash dividend policy that requires at least 10% of the distributable profit to be distributed in cash if conditions are met[199]. Customer Engagement and Experience - The management emphasized the importance of enhancing customer experience, aiming to improve customer satisfaction scores by 10% in the upcoming year[178]. - The introduction of intelligent customer service robots is expected to reduce customer service costs while improving service quality[71]. - The company is focusing on enhancing its competitive advantage by integrating mobile internet services with its core mobile phone business[84].

Revenue and Profit - Revenue for Q3 2021 reached CNY 12,919,871,371.94, an increase of 16.13% year-over-year[3] - Net profit attributable to shareholders was CNY 1,149,851,309.85, reflecting a growth of 33.29% compared to the same period last year[3] - Basic earnings per share for Q3 2021 was CNY 1.44, up 33.33% from the previous year[4] - Net profit for the third quarter of 2021 was ¥2,873,059,283.34, compared to ¥1,973,030,507.55 in the third quarter of 2020, representing a 45.6% year-over-year growth[19] - The company reported an operating profit of ¥3,410,723,010.17 for the third quarter of 2021, compared to ¥2,445,445,073.28 in the same quarter of 2020, reflecting a 39.4% increase[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 29,325,902,269.71, a 12.83% increase from the end of the previous year[4] - Total liabilities were RMB 16.42 billion, an increase from RMB 15.48 billion, showing a growth of around 6.1%[16] - The total assets and shareholders' equity amounted to ¥29,325,902,269.71 and ¥12,900,917,042.88 respectively, showing an increase from ¥25,990,508,986.69 and ¥10,509,310,587.40 in the previous year[17] - Total liabilities amounted to approximately ¥15.48 billion, with current liabilities at ¥13.53 billion and non-current liabilities at ¥1.95 billion[26] Cash Flow - Cash flow from operating activities showed a net decrease of 47.64% year-to-date due to increased inventory levels to meet market demand[8] - Cash inflow from operating activities totaled CNY 42.41 billion, up from CNY 30.04 billion in the same period last year, representing an increase of 41.1%[22] - Net cash flow from operating activities decreased to CNY 1.48 billion from CNY 2.83 billion, a decline of 47.5% year-over-year[22] - Cash inflow from investment activities was CNY 9.30 billion, up from CNY 6.19 billion, marking a 50.5% increase[23] - Total cash and cash equivalents at the end of the period were CNY 7.66 billion, down from CNY 10.07 billion at the end of the previous year[23] Research and Development - R&D investment totaled CNY 397,351,433.70, representing an increase of 18.79% year-over-year, accounting for 3.08% of revenue[4] - Research and development expenses for the first three quarters of 2021 were ¥1,036,960,651.78, up from ¥758,882,343.00 in the same period of 2020, indicating a 36.6% increase[18] Shareholder Information - The top shareholder, Shenzhen Transsion Investment Co., held 50.95% of the shares, indicating strong ownership concentration[9] - Shareholders' equity totaled approximately ¥10.51 billion, with total equity attributable to the parent company at ¥10.49 billion[27] Inventory and Accounts Receivable - Inventory reached RMB 7.84 billion, compared to RMB 5.55 billion in the previous year, representing a significant increase of approximately 41.2%[15] - The accounts receivable increased to RMB 1.44 billion from RMB 1.14 billion, marking a growth of about 26.2%[14] Other Financial Metrics - The weighted average return on equity increased by 0.1 percentage points to 9.42%[4] - The company’s total equity reached RMB 12.90 billion, up from RMB 10.51 billion, indicating a growth of approximately 22.7%[16] - The company reported a short-term loan of RMB 1.68 billion, which is an increase from RMB 1.20 billion, reflecting a rise of approximately 40.3%[16] - The company experienced an investment loss of ¥185,122,328.48 in the third quarter of 2021, compared to a loss of ¥28,711,974.21 in the same quarter of 2020[19] - Other comprehensive income after tax for the third quarter was -¥72,952,380.95, compared to -¥29,662,436.98 in the same quarter of 2020[20]