SUNSEA(002313)2021-10-27 16:00Financial Performance - The company's revenue for Q3 2021 was ¥1,042,217,802.70, a decrease of 1.26% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥3,689,782.89, an increase of 112.36% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥1,933,764.21, up 105.04% compared to the previous year[3]. - Basic earnings per share were ¥0.0099, reflecting a growth of 112.38% year-on-year[3]. - The total operating revenue for Q3 2021 was CNY 3,103,662,800.82, an increase of 6.4% compared to CNY 2,916,951,696.72 in the same period last year[17]. - The net profit for Q3 2021 was CNY 5,818,460.53, a significant recovery from a net loss of CNY 79,769,570.98 in Q3 2020[18]. - The operating profit for the period was CNY 15,834,437.76, compared to an operating loss of CNY 74,056,522.51 in the previous year[17]. - The total comprehensive income for Q3 2021 was CNY 4,707,294.60, recovering from a loss of CNY 80,825,713.07 in the previous year[18]. - The basic and diluted earnings per share for the quarter were CNY 0.0374, compared to a loss per share of CNY 0.2600 in Q3 2020[18]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,646,492,594.53, an increase of 7.78% from the end of the previous year[3]. - Total assets as of September 30, 2021, amounted to CNY 7,646,492,594.53, an increase from CNY 7,094,705,439.32 at the end of 2020, reflecting a growth of approximately 7.8%[14]. - Current assets totaled CNY 6,158,545,730.14, up from CNY 5,676,267,296.38, indicating an increase of about 8.5% year-over-year[14]. - The total liabilities increased to CNY 4,989,941,215.63 from CNY 4,376,487,843.04, reflecting a rise of approximately 14%[17]. - The total liabilities were reported at 4,668,000,000.00 CNY, reflecting a stable financial position[25]. - Total liabilities amounted to CNY 4,376,487,843.04, with current liabilities at CNY 4,285,114,429.34[26]. - Non-current liabilities totaled CNY 91,373,413.70, including long-term borrowings of CNY 5,767,824.45[26]. - The total equity attributable to shareholders of the parent company decreased to CNY 2,632,360,717.92 from CNY 2,688,195,452.31, a decline of approximately 2.1%[17]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥-131,419,077.68, a decrease of 65.02% compared to the previous year[3]. - The cash flow from operating activities was CNY 3,078,546,770.28, up from CNY 2,713,628,693.84 in the previous year, indicating a growth of 13.5%[20]. - Total cash inflow from operating activities reached 3,427,908,967.59 CNY, compared to 2,946,537,119.06 CNY in the previous year, marking an increase of approximately 16.3%[21]. - Cash outflow from operating activities totaled 3,559,328,045.27 CNY, up from 3,322,248,521.86 CNY, indicating a rise of about 7.1%[21]. - The net cash flow from operating activities was -131,419,077.68 CNY, an improvement from -375,711,402.80 CNY in the same period last year[21]. - The net cash flow from investing activities was -118,246,682.34 CNY, worsening from -83,116,528.62 CNY year-over-year[21]. - Cash inflow from financing activities was 2,261,502,211.00 CNY, a decrease from 3,748,068,102.49 CNY in the previous year, representing a decline of approximately 39.5%[22]. - The net cash flow from financing activities was 147,508,272.68 CNY, down from 564,369,885.92 CNY, reflecting a decrease of about 73.9%[22]. - The ending balance of cash and cash equivalents was 353,542,156.97 CNY, down from 436,928,943.27 CNY, indicating a decline of approximately 19.0%[22]. Inventory and Borrowings - The company experienced a 35.29% increase in inventory, attributed to increased sales scale and related raw material shortages[7]. - Inventory increased significantly to CNY 1,456,010,835.72 from CNY 1,076,175,418.70, representing a rise of about 35.2%[14]. - Short-term borrowings were reported at CNY 1,553,533,053.20, slightly up from CNY 1,493,374,758.30, indicating an increase of approximately 4.0%[14]. - The company reported a significant increase in long-term borrowings by 1720.44%, primarily due to special loans for the Quanzhou Science and Technology Museum project[7]. Government Subsidies and Expenses - The company received government subsidies amounting to ¥3,031,983.22 during the reporting period[5]. - The company reported a 146.73% increase in income tax expenses due to higher profits this year[8]. - Research and development expenses for the quarter were CNY 180,129,139.63, an increase from CNY 148,890,932.27 in the same quarter last year, representing a growth of 20.9%[17]. - The company reported a decrease in sales expenses to CNY 115,440,048.60 from CNY 157,088,431.78, a reduction of about 26.5%[17]. Compliance and Reporting - The company has implemented new leasing standards affecting the financial statements, indicating a proactive approach to compliance and financial reporting[23]. - The company implemented new leasing standards starting in 2021, affecting prior comparative data[27]. - The report for the third quarter was not audited[28]. - The report was released on October 28, 2021[28].