Furuise(300228)2021-10-27 16:00Financial Performance - The company's revenue for Q3 2021 was ¥348,828,863.75, a decrease of 14.80% compared to the same period last year[3] - The net profit attributable to shareholders was ¥6,837,035.73, down 76.50% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥1,504,035.99, a decline of 90.76% compared to the previous year[3] - The total operating revenue for the period was CNY 1,204,755,240.51, a decrease of 5.49% compared to CNY 1,274,862,631.27 in the previous period[25] - The net profit for Q3 2021 was CNY 42,350,095.61, a decrease of 33.4% compared to CNY 63,694,022.28 in Q3 2020[26] - The company reported a total comprehensive income of CNY 41,894,355.55, down from CNY 63,153,975.60 in the previous year[27] - Basic and diluted earnings per share were both CNY 0.0673, compared to CNY 0.1279 in Q3 2020[27] - The total profit before tax was CNY 51,053,784.52, down from CNY 73,271,890.81 in the same quarter last year[26] Cash Flow and Assets - The operating cash flow net amount for the year-to-date was ¥285,959,761.73, an increase of 888.89%[10] - The net cash flow from operating activities was CNY 285,959,761.73, a significant improvement from a negative cash flow of CNY -36,248,362.30 in Q3 2020[30] - The cash and cash equivalents at the end of the period increased to CNY 298,137,092.49 from CNY 178,183,337.24 in the previous year[31] - The cash flow from investing activities was negative at CNY -425,667,145.10, worsening from CNY -7,897,423.49 in the previous year[30] - Total assets at the end of the reporting period were ¥3,616,912,245.66, reflecting a 2.18% increase from the end of the previous year[3] - The total liabilities decreased to CNY 1,649,904,379.04 from CNY 2,081,102,313.38 in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 60,047[12] - The largest shareholder, Huang Feng, holds 7.52% of shares, totaling 43,280,000 shares[12] - The second largest shareholder, Li Xinghua, holds 3.84% of shares, totaling 22,075,055 shares[12] - The total number of restricted shares at the end of the period is 32,514,000[17] - The total number of shares held by the top 10 shareholders is 136,508,257[17] - The company has no preferred shareholders as indicated in the report[14] - The company has a high concentration of ownership with the top 5 shareholders holding over 19% of the total shares[12] - Huang Feng's restricted shares are subject to a 25% annual unlock schedule[15] - The company issued restricted shares to specific investors in 2020, with a total of 103,994,257 shares released from restrictions[17] Research and Development - Research and development expenses rose by 48.67% to ¥52,992,175.83, indicating increased investment in R&D[9] - The company’s R&D expenses for the period were CNY 52,992,175.83, an increase from CNY 35,644,694.61 in the previous period[25] Investment and Market Strategy - The company reported a significant increase in investment income of 144.49%, amounting to ¥1,348,419.16, due to gains from financial products[9] - The net cash flow from financing activities was ¥142,581,658.51, a 388.17% increase, attributed to funds raised from issuing shares[10] - The company plans to expand its market presence through strategic partnerships and investments in new technologies[19] - The company established a joint venture with Shandong Zhongjie Special Equipment Co., Ltd., with a registered capital of CNY 100 million, where it holds a 25% stake[19] Operational Costs and Inventory - The total operating costs amounted to CNY 1,173,639,881.76, down 2.93% from CNY 1,197,559,369.08 in the previous period[25] - The company's inventory as of September 30, 2021, was CNY 789,732,761.52, an increase from CNY 752,866,786.17 at the end of 2020[22] - The company experienced a 43.79% decrease in sales expenses, totaling ¥34,557,456.84, primarily due to reduced after-sales service costs[9] Other Financial Metrics - The company incurred a credit impairment loss of CNY 4,905,485.08, compared to a reversal of CNY -4,667,868.71 in Q3 2020[26] - The company experienced a foreign exchange gain of CNY 23,985,138.23, compared to CNY 21,216,848.62 in Q3 2020[31]