双环传动(002472) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥1,446,511,626.29, an increase of 44.70% compared to the same period last year[4] - Net profit attributable to shareholders was ¥98,388,696.28, reflecting a significant increase of 626.37% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥83,808,395.66, up 2,845.76% from the previous year[4] - The total operating revenue for Q3 2021 was CNY 4,065,730,686.83, a significant increase from CNY 2,459,672,368.48 in the same period last year, representing a growth of approximately 65.3%[15] - The net profit for Q3 2021 reached CNY 247,794,822.48, a substantial rise from CNY 36,046,956.60 in Q3 2020, reflecting an increase of approximately 588.5%[17] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥9,354,454,019.12, representing a growth of 9.65% compared to the end of the previous year[4] - The company's total assets as of Q3 2021 amounted to CNY 9,354,454,019.12, up from CNY 8,530,930,895.79 at the end of the previous year, marking an increase of about 9.6%[15] - The total liabilities decreased to CNY 4,478,354,821.06 in Q3 2021 from CNY 4,854,692,404.60 in the same period last year, a reduction of approximately 7.7%[15] Shareholder Equity - The equity attributable to shareholders increased to ¥4,762,780,051.10, a rise of 33.39% year-on-year[4] - The top 10 shareholders hold significant stakes, with the largest shareholder, Wu Changhong, owning 7.71% of the shares[10] - The company has a diverse shareholder base, including both domestic and foreign entities, with significant stakes held by institutions like Merrill Lynch and JPMorgan Chase[10] Cash Flow - The cash flow from operating activities for the first nine months was ¥425,244,375.57, up 45.69% compared to the same period last year[8] - The cash inflow from operating activities for the current period is ¥3,238,727,894.58, an increase of 52.6% compared to ¥2,122,819,465.45 in the previous period[19] - The net cash flow from operating activities is ¥425,244,375.57, up 45.6% from ¥291,880,067.06 in the same period last year[20] - The cash inflow from sales of goods and services is ¥3,058,234,318.79, compared to ¥1,923,109,389.31 in the previous period, showing strong sales growth[19] Research and Development - Research and development expenses for the first nine months of 2021 were ¥146,607,051.39, an increase of 64.63% year-on-year, indicating a focus on innovation[8] - Research and development expenses for Q3 2021 were CNY 146,607,051.39, compared to CNY 89,050,938.00 in Q3 2020, showing an increase of about 64.5%[17] Investment Activities - The cash outflow for investing activities is ¥618,937,710.12, compared to ¥359,122,036.45 in the previous period, indicating a significant increase in investment[20] - The company’s long-term equity investments stood at RMB 103.55 million, up from RMB 101.13 million, showing a growth of about 2.4%[13] Convertible Bonds - The company issued 10 million convertible bonds in December 2017, with a total value of RMB 1 billion, which were redeemed in July 2021[11] - The company redeemed 151,091 convertible bonds at a total cost of approximately RMB 15.24 million on July 27, 2021[11] Operational Costs - The total operating costs for Q3 2021 were CNY 3,820,320,996.95, compared to CNY 2,460,168,885.52 in Q3 2020, indicating an increase of about 55.2%[15] Other Financial Metrics - The company reported a basic earnings per share of ¥0.13, which is a 550.00% increase compared to the same period last year[4] - The company reported a basic earnings per share of CNY 0.32 for Q3 2021, compared to CNY 0.02 in the same quarter last year, reflecting a significant improvement[18] - The long-term borrowings decreased to CNY 223,873,439.31 in Q3 2021 from CNY 735,796,786.16 in the previous year, indicating a reduction of approximately 69.6%[15] Tax and Employee Payments - The cash outflow for taxes paid is ¥91,761,704.96, significantly higher than ¥39,511,212.83 in the previous period, indicating increased tax liabilities[20] - The cash outflow for employee payments is ¥453,482,374.17, an increase from ¥338,543,355.02 in the previous period, reflecting higher labor costs[19] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[17]