2021-11-11 16:00Financial Performance - In Q3 2021, the company's revenue reached RMB 9.28 billion, a 5.5% increase quarter-over-quarter and a 21.5% increase year-over-year[3] - The gross margin for Q3 2021 was 30.2%, up 3.7 percentage points from the previous quarter and up 3.9 percentage points from the same quarter last year[3] - The company expects Q4 2021 revenue to grow by 11% to 13% quarter-over-quarter, with a gross margin projected between 31% and 33%[4] - For the full year 2021, the revenue growth target has been adjusted to approximately 29%[3] - The net profit attributable to shareholders for Q3 2021 was RMB 2.08 billion, a 22.6% increase compared to the same quarter last year[6] - In Q3 2021, the company's net profit attributable to shareholders was CNY 2,076,955,000, representing a year-to-date total of CNY 7,318,276,000[14] - The company achieved a 125.3% increase in net profit attributable to shareholders after excluding non-recurring gains year-to-date[16] - Net profit for the third quarter of 2021 was ¥7,502,315 thousand, up from ¥2,956,082 thousand in the same quarter of 2020, indicating a year-over-year growth of 153.5%[30] - The company reported a total comprehensive income of ¥6,203,922 thousand for the third quarter of 2021, a significant improvement from a loss of ¥866,721 thousand in the same quarter of 2020[30] Production and Sales - The number of wafers sold in Q3 2021 was 1,719,743, representing a 19.4% increase compared to Q3 2020[9] - Monthly production capacity in Q3 2021 was 593,875 wafers, a 16.4% increase from the same period last year[9] - The capacity utilization rate reached 100.3% in Q3 2021, an increase of 2.5 percentage points year-over-year[9] - The gross profit margin for wafer sales increased due to a rise in average selling prices and changes in product mix, contributing to a 137.6% increase in net profit year-to-date[16] - The company's wafer revenue from smartphones accounted for 31.5% of total wafer revenue in Q3 2021, down from 46.1% in Q3 2020[11] - The company’s revenue from other applications accounted for 31.9% of total wafer revenue in Q3 2021, reflecting a shift in market demand[11] Cash Flow and Investments - The company reported a 60.7% increase in net cash flow from operating activities year-to-date, primarily due to increased cash receipts from sales[16] - Cash inflow from operating activities for the first three quarters of 2021 was $34,315,201, an increase of 24.5% compared to $27,710,025 in the same period of 2020[32] - Net cash flow from operating activities was $14,138,913, up 60.5% from $8,797,987 year-over-year[32] - Cash inflow from investment activities totaled $31,102,272, compared to $26,568,038 in the previous year, reflecting a growth of 16.5%[33] - The company received $2,183,775 from the disposal of subsidiaries and other business units, which was not recorded in the previous year[32] Assets and Liabilities - The company’s total assets at the end of the reporting period were CNY 106,698,566,000, compared to CNY 99,128,037,000 at the end of the previous year[14] - Total current assets as of September 30, 2021, amounted to 92,642,107 thousand RMB, a decrease from 99,106,875 thousand RMB at the end of 2020[25] - Cash and cash equivalents decreased to 75,062,898 thousand RMB from 86,667,869 thousand RMB year-over-year[25] - Total liabilities decreased slightly to 23,361,250 thousand RMB from 23,583,040 thousand RMB year-over-year[26] - The total liabilities as of the end of the third quarter of 2021 amounted to ¥63,660,953 thousand, slightly up from ¥62,965,701 thousand at the end of the previous year[27] - The total equity attributable to shareholders of the parent company increased to ¥106,698,566 thousand from ¥99,128,037 thousand, marking a growth of 7.7%[27] Research and Development - R&D expenses for Q3 2021 totaled RMB 1.08 billion, accounting for 11.7% of revenue, a decrease of 2.7 percentage points from the previous year[6] - Research and development expenses for the first three quarters of 2021 were ¥3,019,512 thousand, a decrease from ¥3,379,770 thousand in the same period of 2020, showing a reduction of 10.7%[29]