OLYMPIC(SH:603920)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,107,847,048.64, representing a year-on-year increase of 60.54%[7] - The net profit attributable to shareholders for Q3 2021 was ¥78,028,527.65, with a year-on-year increase of 7.26%[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥73,330,328.04, reflecting a year-on-year increase of 6.85%[7] - Total operating revenue for the first three quarters of 2021 reached ¥2,608,676,845.62, a significant increase from ¥1,813,884,137.07 in the same period of 2020, representing a growth of approximately 43.7%[35] - Net profit for the third quarter of 2021 was ¥153,004,912.11, down from ¥215,218,854.86 in the same quarter of 2020, reflecting a decrease of approximately 29%[41] - The total comprehensive income for the third quarter of 2021 was ¥149,731,740.14, compared to ¥210,713,293.05 in the same quarter of 2020, reflecting a decrease of about 29%[41] - The total comprehensive income attributable to the parent company was CNY 153,016,484.37, a decrease from CNY 210,811,640.57 in the same period last year, representing a decline of approximately 27.4%[44] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥5,812,096,082.55, an increase of 52.82% compared to the end of the previous year[10] - The total liabilities amounted to 2,740,418,899.88 RMB, compared to 1,051,595,221.76 RMB at the end of 2020, reflecting a substantial increase of approximately 160.3%[33] - The total liabilities as of the reporting date were ¥2,808,389,531.31, compared to ¥1,102,715,598.34 in the previous year, marking an increase of approximately 154.5%[35] - The total current assets amounted to 3,753,208,510.18 RMB, an increase from 2,338,629,687.93 RMB at the end of 2020, reflecting a growth of approximately 60.7%[29] - The company's cash and cash equivalents were reported at 1,860,120,372.34 RMB, up from 1,249,861,137.41 RMB year-over-year, indicating a growth of about 49%[29] - The total assets of the company reached 5,812,096,082.55 RMB, compared to 3,803,186,704.01 RMB at the end of 2020, representing an increase of approximately 52.7%[33] - The company's inventory increased significantly to 540,677,037.95 RMB from 218,012,289.33 RMB, marking a growth of about 148%[29] - The company reported accounts receivable of 1,073,934,731.85 RMB, which increased from 727,771,282.20 RMB, indicating a growth of about 47.5%[29] Shareholder Information - The equity attributable to shareholders at the end of Q3 2021 was ¥2,729,391,856.87, showing a slight increase of 1.12% year-on-year[10] - The total number of common shareholders at the end of the reporting period was 26,845, with the largest shareholder, New豪国际集团有限公司, holding 331,503,354 shares, representing 62.28% of the total[21] - The total equity attributable to shareholders of the parent company was ¥2,729,391,856.87, slightly up from ¥2,699,035,741.78 in the previous year, indicating a growth of about 1.1%[35] Cash Flow - The company reported a net cash flow from operating activities of ¥223,759,103.44 for the year-to-date, down 8.56% year-on-year[10] - Net cash flow from operating activities was CNY 223,759,103.44, compared to CNY 244,708,772.40 in the same period last year, reflecting a decrease of about 8.5%[46] - Cash inflow from operating activities totaled CNY 2,754,050,453.19, an increase of 35.3% from CNY 2,036,049,263.46 in the previous year[44] - Cash outflow from operating activities was CNY 2,530,291,349.75, up from CNY 1,791,340,491.06, marking an increase of approximately 41.2%[46] - Net cash flow from investing activities was -CNY 421,053,929.82, an improvement from -CNY 514,825,004.38 in the previous year, indicating a reduction in losses[46] - Net cash flow from financing activities was CNY 861,445,156.83, significantly higher than CNY 216,098,981.50 in the same period last year, showing an increase of about 298.5%[46] - The ending balance of cash and cash equivalents was CNY 1,799,915,714.14, compared to CNY 1,158,075,711.11 at the end of the same period last year, representing an increase of approximately 55.4%[46] - The company received CNY 1,410,248,894.91 in cash from borrowings, a substantial increase from CNY 501,057,654.07 in the previous year, indicating a growth of about 181.5%[46] - The company paid CNY 249,302,922.91 in dividends and interest, compared to CNY 206,983,124.01 in the same period last year, reflecting an increase of approximately 20.3%[46] Research and Development - Research and development expenses for the third quarter of 2021 amounted to ¥91,279,008.21, up from ¥72,481,161.18 in the previous year, showing an increase of about 25.9%[38] Acquisitions and Market Activity - The company acquired a subsidiary, Naidian Soft Technology (Zhuhai) Co., Ltd., in August 2021, contributing ¥94,515,300 in revenue for August and September[18] - The company experienced a decrease in profit due to rising raw material costs and capital reserve conversion to increase share capital[18] - The company reported a loss of 9.666 million RMB from the acquisition of 70% of NaiDian Soft Technology Electronics (Zhuhai) Co., Ltd., which negatively impacted the overall consolidated profit during the third quarter[25] - There is no indication of market expansion or mergers and acquisitions beyond the previously mentioned acquisition of NaiDian Soft Technology[25] Tax and Financial Expenses - The company reported a tax expense of ¥23,798,422.80 for the third quarter of 2021, down from ¥40,026,827.41 in the same quarter of 2020, representing a decrease of approximately 40.5%[40] - The company’s financial expenses for the third quarter of 2021 were ¥4,111,888.71, down from ¥5,544,664.99 in the previous year, indicating a decrease of approximately 25.8%[38] Deferred Income - Deferred income as of the reporting date was ¥26,622,325.48, compared to ¥19,678,769.55 in the previous year, showing an increase of about 35.1%[35] - The company has a deferred income of approximately $19.68 million[55] - Deferred income tax liabilities were reported at approximately $31.44 million[55]