NPEC(SH:600775)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,166,076,932.14, representing a year-on-year increase of 10.96%[6] - The net profit attributable to shareholders for Q3 2021 was a loss of ¥14,938,216.60, a decrease of 238.04% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥18,814,278.39, reflecting a decline of 313.74% year-on-year[6] - The basic earnings per share for Q3 2021 was -¥0.0163, down 238.04% from the previous year[6] - Total operating revenue for the first three quarters of 2021 reached ¥3,335,533,233.86, an increase of 20.6% compared to ¥2,765,011,602.15 in the same period of 2020[35] - Net profit for the first three quarters of 2021 was ¥33,215,064.23, a decrease of 37.5% from ¥52,901,133.25 in the same period of 2020[39] - The total comprehensive income attributable to the parent company was CNY 3,735,260.69, a decrease from CNY 23,505,831.16 in the previous year[41] - Basic and diluted earnings per share were both CNY 0.0036, down from CNY 0.0257 in the same period last year[41] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,202,061,998.00, an increase of 3.33% compared to the end of the previous year[8] - The company's total assets amounted to ¥6,202,061,998.00, compared to ¥6,001,947,699.44 at the end of the previous reporting period[31] - Total liabilities increased to ¥2,445,550,697.90 from ¥2,255,567,638.78, marking an increase of 8.4%[31] - The company's long-term equity investments decreased to CNY 256,037,757.86 from CNY 295,182,882.84, a decline of approximately 13.2%[27] - The company’s fixed assets were valued at CNY 931,127,688.34, down from CNY 964,778,076.38, indicating a decrease of about 3.5%[27] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥13,313,662.62, down 94.75% compared to the same period last year[6] - The net cash flow from operating activities was CNY 13,313,662.62, significantly lower than CNY 253,680,180.69 in the same period last year[45] - Cash inflow from operating activities totaled CNY 3,877,088,961.29, compared to CNY 3,024,894,902.28 in the previous year, representing an increase of approximately 28.2%[45] - Cash outflow from operating activities was CNY 3,863,775,298.67, up from CNY 2,771,214,721.59, indicating a rise of about 39.3%[46] - The cash flow from investing activities generated a net inflow of CNY 101,109,748.12, recovering from a net outflow of CNY 46,544,499.37 in the previous year[46] - The cash and cash equivalents at the end of the period amounted to CNY 1,250,920,528.07, an increase from CNY 1,051,202,518.33 at the end of the previous year[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,611[12] - Panda Group has pledged 105,091,430 shares, which is 49.89% of its total holdings in the company, accounting for 11.50% of the company's total share capital[18] - The top ten shareholders collectively hold 26.98% of the company's shares, with the largest shareholder, Hong Kong Central Clearing Limited, holding 26.62%[17] - The company reported a total of 22,120,611 shares held by its controlling shareholder through asset management plans, representing 3.93% of the total shares[17] Costs and Expenses - The company reported a significant increase in costs due to rising prices of bulk commodities and chips, impacting gross margins[11] - The company experienced a decline in investment income from joint ventures, further affected by power shortages impacting production operations[11] - Total operating costs for the first three quarters of 2021 were ¥3,324,722,096.29, up from ¥2,744,035,813.50 in 2020, reflecting a rise of 21.1%[35] - Research and development expenses for the first three quarters of 2021 were ¥152,622,562.84, compared to ¥142,080,296.33 in 2020, indicating an increase of 7.5%[35] - The company reported a financial expense of -¥16,651,390.72, which is a significant increase compared to -¥2,272,048.19 in the previous year[35] Inventory and Receivables - As of September 30, 2021, the company reported total current assets of CNY 4,546,904,555.33, an increase from CNY 4,215,395,302.55 as of December 31, 2020, reflecting a growth of approximately 7.87%[27] - The company's cash and cash equivalents amounted to CNY 1,388,041,466.75, up from CNY 1,315,726,827.97 in the previous year, indicating an increase of about 5.5%[27] - Inventory levels rose significantly to CNY 1,054,834,198.45 from CNY 791,346,543.93, representing a growth of approximately 33.3%[27] - The company’s accounts receivable increased to CNY 1,327,925,372.80 from CNY 1,161,870,914.59, marking a rise of about 14.3%[27] Future Plans - The company plans to acquire a 30% stake in Lejin Panda from its controlling shareholder, Panda Group, which requires approval from the shareholders' meeting[19]