FARATRONIC(SH:600563)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥738,122,872.78, representing a year-over-year increase of 47.69%[4] - Net profit attributable to shareholders was ¥187,811,048.01, up 37.09% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥179,193,916.09, reflecting a 40.71% increase year-over-year[4] - The basic earnings per share for the quarter was ¥0.83, a 36.07% increase from the previous year[4] - The company experienced a 51.23% increase in revenue year-to-date, driven by strong market demand in sectors such as photovoltaic, industrial control, and new energy vehicles[8] - Total operating revenue for the first three quarters of 2021 reached ¥2,020,874,216.08, a 51.3% increase from ¥1,336,312,979.14 in the same period of 2020[19] - Net profit for the third quarter of 2021 was ¥559,474,522.28, compared to ¥374,144,927.75 in the third quarter of 2020, reflecting a 49.5% increase[20] - The total profit for the first three quarters of 2021 was ¥659,005,214.85, an increase from ¥439,709,581.19 in the previous year[19] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,205,023,121.15, an increase of 15.20% from the end of the previous year[5] - Current assets reached RMB 3,104,598,406.72, up from RMB 2,833,248,348.10 in the previous year, indicating a year-over-year increase of about 9.5%[15] - The company's cash and cash equivalents stood at RMB 788,031,565.79, compared to RMB 752,756,443.14 at the end of 2020, reflecting a growth of approximately 4.7%[15] - Total liabilities were reported at RMB 997,123,102.00, up from RMB 708,963,464.07, which is an increase of approximately 40.7%[17] - The company's total liabilities were reported at $708.96 million, a decrease from $710.63 million year-over-year[25] Equity and Return Metrics - The total equity attributable to shareholders was ¥3,153,714,985.11, up 8.94% from the previous year[5] - The weighted average return on equity for the quarter was 6.14%, an increase of 0.95 percentage points year-over-year[5] - The company's equity attributable to shareholders reached RMB 3,153,714,985.11, compared to RMB 2,895,019,466.55 in the previous year, showing an increase of about 8.9%[17] - The company's equity attributable to shareholders was $2.90 billion, unchanged from the previous year[25] Cash Flow and Investment - The net cash flow from operating activities for the year-to-date period was ¥570,850,260.55, showing a significant increase of 145.66%[4] - Cash flow from operating activities for the first three quarters of 2021 was ¥570,850,260.55, significantly higher than ¥232,374,602.72 in the same period of 2020[21] - The company reported a net cash outflow from investment activities of $242.20 million in Q3 2021, compared to a net inflow of $167.94 million in the same period last year[22] - The company recorded a cash outflow of $292.56 million from financing activities in Q3 2021, compared to $303.82 million in the same period last year[22] Research and Development - Research and development expenses increased to ¥78,500,951.81, up from ¥54,972,759.09 in the previous year, indicating a focus on innovation[19] - The company plans to increase its R&D spending by 25% to accelerate innovation[26] - The company is investing in new product development with a budget allocation of 200 million RMB[26] Market and Strategic Outlook - User data showed a growth in active users by 20%, totaling 5 million users[26] - The future outlook includes a projected revenue growth of 10% for the next quarter[26] - Market expansion plans include entering two new international markets by Q2 2022[26] - The company is exploring potential acquisitions to enhance its technology portfolio[26] - A new strategy focusing on sustainability initiatives was introduced, aiming for a 30% reduction in carbon footprint by 2025[26] Operational Metrics - Total operating costs increased to ¥1,390,982,545.47, up 50.9% from ¥921,867,909.12 year-over-year[19] - Cash received from sales of goods and services totaled ¥2,060,304,515.64, compared to ¥1,238,423,134.96 in the first three quarters of 2020[21] - The company's inventory stood at $363.30 million, consistent with the previous year[23] - The gross margin improved to 35%, up from 32% in the previous quarter[26]