Financial Performance - The company's operating revenue for Q3 2021 was ¥648,708,788.07, representing a year-on-year increase of 9.25%[5] - The net profit attributable to shareholders for Q3 2021 was ¥40,571,661.02, a decrease of 6.51% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,746,965.41, an increase of 4.52% year-on-year[5] - The company reported a basic earnings per share of ¥0.0373 for Q3 2021, a decrease of 6.52% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,765,263,918.74, an increase of 15.0% compared to ¥1,534,640,168.52 in the same period of 2020[27] - Operating profit for the first three quarters of 2021 was ¥136,345,098.32, up 10.5% from ¥123,320,658.62 in the previous year[27] - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥96,717,104.71, representing a 15.5% increase from ¥84,001,577.70 in 2020[29] - The basic earnings per share for the first three quarters of 2021 was ¥0.0889, an increase from ¥0.0772 in the same period of 2020[29] - The total comprehensive income for the first three quarters of 2021 was ¥104,921,704.25, compared to ¥115,059,615.94 in the previous year, showing a decline of 8.9%[29] Assets and Liabilities - The total assets as of the end of Q3 2021 were ¥3,480,968,626.80, a decrease of 3.98% from the end of the previous year[5] - As of September 30, 2021, total assets amounted to approximately 3.48 billion, a decrease from 3.63 billion as of December 31, 2020[20] - Current assets totaled approximately 2.22 billion, down from 2.35 billion year-over-year, primarily driven by a decrease in cash and cash equivalents[20] - Total liabilities decreased to approximately 1.41 billion from 1.62 billion, indicating a reduction of about 13%[22] - Total liabilities were $1.62 billion, a slight increase from $1.62 billion in the previous period, indicating stable liability management[45] - The company's equity attributable to shareholders increased to approximately 1.87 billion from 1.81 billion, reflecting a growth of about 3.9%[23] - The company's equity totaled $2.00 billion, remaining unchanged from the previous period, reflecting consistent shareholder value[45] Cash Flow - The cash flow from operating activities increased by ¥11,272.72 million year-on-year due to improved cash collection measures[8] - The net cash flow from operating activities for the first three quarters of 2021 was ¥50,804,702.40, a significant improvement from a negative cash flow of -¥61,922,459.72 in the same period last year[33] - The company received cash from operating activities totaling ¥1,648,389,896.25, an increase from ¥1,295,564,841.31 in the same period of 2020[33] - The net cash flow from investing activities was -$126.70 million, compared to -$5.31 million in the previous period, indicating a significant increase in cash outflow[35] - Cash inflow from financing activities totaled $119.60 million, down from $143.00 million in the previous period, while cash outflow for financing activities increased to $151.86 million from $100.92 million[35] - The net cash flow from financing activities was -$32.26 million, a decrease from $42.08 million in the previous period, reflecting higher cash outflows[35] - The ending cash and cash equivalents balance was $383.60 million, down from $491.76 million at the beginning of the period, indicating a decrease of approximately 22%[35] Investments and Expenses - Research and development expenses increased to ¥73,961,023.14 in the first three quarters of 2021, compared to ¥60,939,584.12 in 2020, reflecting a growth of 21.4%[27] - Total operating costs for the first three quarters of 2021 were ¥1,656,844,074.80, up 15.6% from ¥1,432,939,618.16 in the same period of 2020[27] - The company reported a decrease in credit impairment losses to -¥5,430,316.42 in 2021 from -¥8,937,234.61 in 2020, indicating improved asset quality[27] - The company has implemented new leasing standards, which resulted in an adjustment of $1.90 million in non-current assets[39] Other Information - The company received government subsidies amounting to ¥7,487,001.88 during the reporting period, contributing to the increase in net profit[8] - The company has ongoing litigation related to a subsidiary, which has not progressed as of September 30, 2021[14] - Accounts receivable increased to approximately 1.01 billion, up from 827.2 million, indicating a growth of about 22.4%[20] - Inventory decreased to approximately 529.4 million from 582.6 million, reflecting a decline of about 9.1%[20] - Non-current assets totaled approximately 1.27 billion, slightly down from 1.27 billion, with long-term equity investments increasing to approximately 308.4 million[20] - The company maintained goodwill at approximately 227.99 million, unchanged from the previous period[21] - The company reported a decrease in short-term borrowings to 175 million from 160 million, indicating a slight increase of about 9.4%[21] - Deferred income tax liabilities decreased to approximately 12.67 million from 14.79 million, showing a decline of about 14.3%[23] - The company reported a significant increase in cash outflow related to investment activities, totaling $139.34 million, compared to $98.87 million in the previous period[35]
百利电气(600468) - 2021 Q3 - 季度财报