TYPICAL(SH:600302)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥592,898,851.53, representing an increase of 84.05% year-on-year, while the year-to-date revenue reached ¥1,418,152,008.22, up 132.03% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥12,650,811.84 for the quarter, a decrease of 538.22% year-on-year, and -¥34,375,404.77 year-to-date, reflecting a decline of 3,131.00% compared to the previous year[3]. - The basic earnings per share for the quarter was -¥0.0366, down 540.96% year-on-year, and -¥0.0993 year-to-date, a decrease of 3,109.09% compared to the same period last year[3][8]. - The net profit for Q3 2021 was -31,609,123.04 RMB, compared to a profit of 307,443.17 RMB in Q3 2020, indicating a significant decline[22]. - Operating profit for Q3 2021 was -34,919,816.53 RMB, a sharp drop from -171,145.20 RMB in the same period last year[22]. - The total comprehensive income for Q3 2021 was -27,816,796.27 RMB, compared to -24,052.96 RMB in the same period last year[22]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥64,367,095.43, an increase of 120.07% compared to the previous year[3]. - Cash flow from operating activities for the first three quarters of 2021 was 64,367,095.43 RMB, recovering from a negative cash flow of -320,781,257.25 RMB in the first three quarters of 2020[23]. - Cash and cash equivalents as of September 30, 2021, amounted to ¥385,332,476.78, up from ¥366,641,720.63 at the end of 2020, reflecting a growth of about 5.3%[15]. - Cash and cash equivalents at the end of Q3 2021 totaled 350,337,342.78 RMB, up from 212,035,236.72 RMB at the end of Q3 2020[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,116,909,776.89, a slight increase of 0.09% from the end of the previous year[4]. - The total assets as of September 30, 2021, were ¥2,116,909,776.89, slightly up from ¥2,114,962,799.59 at the end of 2020[18]. - The total liabilities increased to ¥864,431,674.66 from ¥815,357,650.51, marking an increase of about 6%[18]. - The company’s total assets decreased by 2,085,351.80 RMB due to asset impairment losses in Q3 2021, compared to a decrease of 3,134,305.93 RMB in Q3 2020[22]. Operational Highlights - The company applied for 28 patents during the reporting period, including 3 invention patents, and currently holds 319 valid patents, of which 31 are invention patents[13]. - The company has launched new products such as the TC162 series rotary template sewing machine and the TC9500 model N95 mask automatic production line, which were approved as key new product development projects in Shaanxi Province[13]. - The company emphasized its commitment to digital design and innovation, focusing on modular design and the application of technologies such as artificial intelligence and IoT[12]. - The company has established technical cooperation with universities and research institutions to address long-standing customer pain points through advanced technologies[12]. Cost and Profitability - Total operating costs for the first three quarters of 2021 were ¥1,457,619,906.94, compared to ¥643,401,973.30 in 2020, indicating an increase of about 126.4%[21]. - The gross profit margin for the first three quarters of 2021 was approximately 8.5%, down from previous periods due to rising costs[21]. - The company's net profit for the first three quarters of 2021 was not explicitly stated but can be inferred from the operating results and cost structure, indicating a challenging profitability environment[21]. Accounts Receivable and Inventory - Accounts receivable decreased to ¥575,594,643.29 from ¥641,283,029.78, a decline of approximately 10.2%[15]. - Inventory levels as of September 30, 2021, were ¥456,787,976.52, down from ¥473,952,942.56, indicating a reduction of about 3.6%[16]. Borrowings - Short-term borrowings increased to ¥328,560,641.59 from ¥266,121,787.31, representing a rise of approximately 23.4%[16].