TYPICAL(SH:600302)2023-02-13 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥455,622,361.25, representing a year-on-year increase of 41.44%[3] - The net profit attributable to shareholders was -¥12,650,811.84, a decrease of 538.22% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥22,655,222.17, a decrease of 22.57% year-on-year[3] - 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 in profitability[21] - Operating profit for Q3 2021 was -34,919,816.53 RMB, a sharp decrease from -171,145.20 RMB in the same period last year[21] - Total operating revenue for the first three quarters of 2021 reached ¥1,136,459,856.28, a significant increase from ¥611,189,221.71 in the same period of 2020, representing an increase of approximately 85.7%[20] - Total operating costs for the first three quarters of 2021 were ¥1,175,927,755.00, compared to ¥643,401,973.30 in 2020, indicating an increase of about 83.8%[20] - Operating profit for the first three quarters of 2021 was negative, with total costs exceeding revenues, leading to a loss situation[20] - The basic and diluted earnings per share for Q3 2021 were both -0.0993 RMB, compared to 0.0033 RMB in Q3 2020, reflecting a decline in earnings[21] - The total comprehensive income for Q3 2021 was -27,816,796.27 RMB, compared to -24,052.96 RMB in Q3 2020, indicating a worsening financial position[21] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥64,367,095.43, showing an increase of 120.07%[3] - Cash flow from operating activities for the first nine months of 2021 was 64,367,095.43 RMB, recovering from a negative cash flow of -320,781,257.25 RMB in the first nine months of 2020[22] - 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 approximately 5.1%[14] - The cash and cash equivalents at the end of Q3 2021 were 350,337,342.78 RMB, up from 212,035,236.72 RMB at the end of Q3 2020[23] 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 previous year-end[4] - 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[17] - Total liabilities increased to ¥864,431,674.66 from ¥815,357,650.51, representing an increase of about 6.0%[16] - The company's equity attributable to shareholders decreased to ¥1,163,390,082.86 from ¥1,211,273,651.06, a decline of approximately 4.0%[17] - The company’s weighted average return on equity was -1.08%, a decrease of 1.35 percentage points compared to the previous year-end[4] Research and Development - The company applied for 28 patents during the reporting period, including 3 invention patents, and currently holds 319 valid patents[12] - The company launched new products such as the TC162 series sewing machine and the TC9500 automatic production line for N95 masks, which were approved as key new product development projects in Shaanxi Province[12] - The company has established technology cooperation with universities and research institutes to address long-standing customer pain points using AI and 3D sewing technology[11] - Research and development expenses for the first three quarters of 2021 were ¥15,645,476.50, slightly down from ¥16,816,049.57 in the same period of 2020[20] Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[24]