Huahong Technology(002645)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥1,743,544,888.31, an increase of 62.45% compared to the same period last year[4] - Net profit attributable to shareholders was ¥133,909,037.33, reflecting a growth of 47.05% year-over-year[4] - The net profit excluding non-recurring gains and losses was ¥127,764,878.77, up 92.35% from the previous year[4] - The company reported a basic earnings per share of ¥0.2298, which is a 43.27% increase compared to the same period last year[4] - The company's total revenue for the period was CNY 4,900,627,291.45, compared to CNY 2,265,460,225.86 in the previous period, marking an increase of about 116.3%[24] - The total profit for the current period was ¥436,662,724.97, compared to ¥188,715,085.86 in the previous period, indicating a growth of approximately 131.9%[26] - The net profit attributable to the parent company was ¥390,570,922.88, up from ¥166,409,209.78, reflecting a growth of approximately 134.0%[29] - The basic earnings per share increased to ¥0.6722 from ¥0.3193, representing a rise of about 110.9%[29] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥4,733,986,160.81, representing a 20.24% increase from the end of the previous year[4] - As of September 30, 2021, the total assets of the company reached CNY 4,733,986,160.81, an increase from CNY 3,936,997,475.24 as of December 31, 2020, representing a growth of approximately 20.3%[17] - The total liabilities increased to CNY 1,238,151,455.71 from CNY 930,594,944.02, reflecting a rise of approximately 33.0%[23] - The company's total current assets amounted to CNY 2,595,560,382.75, up from CNY 2,007,539,098.95, indicating a growth of about 29.2% year-over-year[17] Cash Flow - The company recorded a net cash flow from operating activities of ¥291,202,443.62, a 147.28% increase year-to-date[4] - The net cash flow from operating activities improved significantly to ¥291,202,443.62, a 147.28% increase from ¥117,763,357.55 in the previous year[10] - Cash inflow from operating activities totaled ¥5,496,255,982.05, compared to ¥2,343,827,355.48 in the previous period, marking an increase of approximately 134.5%[34] - The net cash flow from investment activities was -423,131,838.92 year-over-year[37] - The ending balance of cash and cash equivalents was 295,972,269.08 in the prior period[37] Investments and Expenses - Research and development expenses surged by 122.44% to ¥164,997,704.22, up from ¥74,175,819.09, indicating increased investment in R&D[10] - The company's investment income increased by 93.82% to ¥6,773,750.07, compared to ¥3,494,893.95, attributed to higher financial management returns[10] - The investment income for the current period was ¥6,565,779.22, compared to ¥4,495,219.75 in the previous period, indicating an increase of about 46.0%[34] Inventory and Receivables - Accounts receivable increased by 32.17% to ¥468,262,764.35 due to higher business volume and the acquisition of Jiangxi Wanhong[7] - The company reported a significant increase in accounts receivable, which reached CNY 468,262,764.35, up from CNY 354,280,519.17, indicating a growth of about 32.2%[17] - Inventory rose by 46.79% to ¥1,431,436,287.86, attributed to business expansion and preemptive stockpiling[7] - The company's inventory increased significantly to CNY 1,431,436,287.86 from CNY 975,132,660.61, representing a growth of about 46.6%[17] Other Financial Metrics - The weighted average return on equity was 4.02%, an increase of 0.83% compared to the previous year[4] - The company's income tax expense increased by 86.29% to ¥38,671,058.47, compared to ¥20,758,788.42, due to the growth in profit scale[10] - The total comprehensive income for the current period was ¥397,991,666.50, compared to ¥167,956,297.44 in the previous period, reflecting a growth of approximately 137.0%[29] Future Plans - The company plans to issue convertible bonds, pending approval from the China Securities Regulatory Commission[16] Audit Status - The third-quarter report was not audited, indicating a potential area for further scrutiny[39]