MFSP(SH:600235)2021-10-19 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 356,579,750.12, representing a year-on-year increase of 4.09%[5] - The net profit attributable to shareholders for the same period was CNY 23,611,603.94, an increase of 19.28% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,217,333.83, up 13.79% year-on-year[5] - The basic earnings per share for Q3 2021 was CNY 0.067, an increase of 19.64% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached ¥1,088,227,897.49, an increase of 10.9% compared to ¥981,044,852.77 in the same period of 2020[27] - Net profit for the first three quarters of 2021 was ¥55,243,229.61, representing a 22.5% increase from ¥45,193,057.87 in the same period of 2020[28] - Earnings per share for the first three quarters of 2021 were ¥0.157, compared to ¥0.129 in the same period of 2020, reflecting a 21.7% increase[29] - The company reported a total comprehensive income of ¥55,243,229.61 for the first three quarters of 2021, up from ¥45,193,057.87 in the same period of 2020[29] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 61,553,702.10, showing a significant increase of 401.75%[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥61,553,702.10, significantly up from ¥12,267,723.79 in the same period of 2020[32] - Cash inflow from operating activities totaled ¥1,179,303,760.00, compared to ¥1,070,654,227.93 in the previous year, indicating a growth of 10.2%[32] - Cash outflow from operating activities was ¥1,117,750,057.90, slightly higher than ¥1,058,386,504.14 in the same period of 2020[32] - Cash inflow from financing activities totaled ¥682,576,570, a decrease from ¥875,253,875.60 in the previous period, representing a decline of approximately 22%[33] - Cash outflow from financing activities amounted to ¥714,531,458.60, down from ¥894,283,479.91, indicating a reduction of about 20%[33] - Net cash flow from financing activities was -¥31,954,888.60, compared to -¥19,029,604.31 in the prior period, reflecting a worsening of approximately 68%[33] - The impact of exchange rate changes on cash and cash equivalents was -¥701,087.68, compared to -¥192,932.39 previously, showing an increase in negative impact[33] - The net increase in cash and cash equivalents was -¥7,439,135.28, contrasting with a positive increase of ¥4,392,112.71 in the previous period[33] - The ending balance of cash and cash equivalents was ¥139,173,370.88, down from ¥75,784,807.63, indicating a decrease of approximately 83%[33] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,203,792,690.09, reflecting a 1.02% increase from the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was CNY 1,394,302,938.68, up 3.72% from the previous year[6] - The company reported total current assets of RMB 1,052,960,956.35 as of September 30, 2021, compared to RMB 1,021,435,950.83 at the end of 2020, reflecting a growth of approximately 3.9%[24] - The total liabilities decreased from RMB 837,293,932.00 at the end of 2020 to RMB 809,489,751.41 as of September 30, 2021, indicating a reduction of about 3.3%[25] - The company's cash and cash equivalents increased to RMB 191,034,880.63 as of September 30, 2021, up from RMB 151,007,506.16 at the end of 2020, representing a growth of approximately 26.5%[23] - Accounts receivable decreased from RMB 249,619,636.08 at the end of 2020 to RMB 229,427,001.45 as of September 30, 2021, a decline of about 8.1%[23] - The company’s inventory increased to RMB 408,015,610.67 as of September 30, 2021, compared to RMB 383,784,641.86 at the end of 2020, reflecting an increase of approximately 6.3%[24] - The total assets of the company as of September 30, 2021, were RMB 2,203,792,690.09, a slight increase from RMB 2,181,623,141.07 at the end of 2020[24] Shareholder Information - The largest shareholder, Jiaxing Minfeng Group, holds 122,500,000 shares, accounting for 34.87% of the total share capital, with 84,300,000 shares frozen[12] - The controlling shareholder, Minfeng Group, has 84,300,000 shares (24.00% of total shares) frozen by judicial order[15] - Minfeng Group is required to pay a total of RMB 380,238,403.22 in outstanding receivables and related penalties to Shenzhen Zhongxiao Commercial Factoring Co., Ltd.[16] - As of the report date, Minfeng Group has paid RMB 300 million towards the outstanding receivables and penalties, with a commitment to settle the remaining amount by November 27, 2021[20] - The company confirmed that the frozen shares will be released once the payment obligations are fulfilled, with no direct impact on its operations or governance structure[21] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥31,360,978.14, a decrease of 8.4% from ¥33,634,671.53 in the same period of 2020[27] Cost Analysis - Total operating costs for the first three quarters of 2021 were ¥1,029,940,555.49, up 10.6% from ¥931,174,166.15 in the previous year[27]