ECC(SH:600850)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥2,429,581,152.08, representing a year-over-year increase of 19.64%[5] - The net profit attributable to shareholders for the same period was ¥94,899,229.55, with a slight increase of 1.29% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥90,691,474.79, showing a decrease of 1.33% year-over-year[5] - The basic and diluted earnings per share for Q3 2021 were both ¥0.2223, reflecting a year-over-year increase of 1.29%[7] - Net profit for the third quarter of 2021 was ¥266,044,674.09, up from ¥242,353,270.51 in the same quarter of 2020, indicating a growth of 9.8%[34] - The net profit attributable to shareholders of the parent company for the third quarter of 2021 was ¥260,926,724.78, compared to ¥246,586,827.24 in the previous year, representing a 5.8% increase[34] - The company reported a total profit of ¥292,892,703.62 for the third quarter of 2021, compared to ¥269,411,148.46 in the same quarter of 2020, marking an increase of 8.7%[34] - The total comprehensive income for the third quarter of 2021 was ¥264,353,315.59, compared to ¥237,593,590.42 in the same quarter of 2020, indicating a growth of 11.3%[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,905,054,475.88, down 5.41% from the end of the previous year[7] - The company's current liabilities totaled RMB 4,566,350,247.20, down from RMB 5,454,923,662.16, indicating a decrease of about 16.2%[26] - Total liabilities as of the reporting date were ¥4,855,110,242.37, down from ¥5,457,391,186.27 in the previous year[28] - Total equity increased to ¥3,049,944,233.51 from ¥2,899,503,974.92, reflecting a growth of 5.2%[28] - The company's cash and cash equivalents decreased to RMB 1,696,614,334.04 from RMB 2,527,195,703.26, reflecting a decline of about 32.8% year-over-year[23][26] - Accounts receivable decreased to RMB 837,124,495.88 from RMB 953,817,215.44, a reduction of approximately 12.2%[23][26] - Inventory increased significantly to RMB 3,162,117,559.14 from RMB 2,936,286,916.46, marking an increase of about 7.7%[23][26] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥518,528,908.26[5] - Cash inflow from operating activities totaled CNY 6,898,650,290.74, compared to CNY 5,660,404,671.34 in the same period last year, representing an increase of approximately 21.9%[37] - Cash outflow from operating activities was CNY 7,417,179,199.00, up from CNY 6,061,576,622.39, leading to a net cash flow from operating activities of -CNY 518,528,908.26, worsening from -CNY 401,171,951.05[41] - Cash inflow from investment activities was CNY 4,059,743.39, while cash outflow was CNY 62,918,355.82, resulting in a net cash flow from investment activities of -CNY 58,858,612.43[41] - Cash inflow from financing activities was CNY 16,000,000.00, with cash outflow totaling CNY 216,218,703.91, leading to a net cash flow from financing activities of -CNY 200,218,703.91[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,720[14] - The company reported non-recurring gains of ¥4,207,754.76 for the quarter, down from ¥9,909,853.23 in the same period last year[11] - The company aims to enhance its key technology capabilities in providing industry solutions through the acquisition of Baifei Electronics, which is expected to drive its digital transformation efforts[18] - The second phase of the stock option incentive plan was launched in March 2021, proposing to grant 25,123,376 stock options, which is approximately 5.89% of the company's total share capital[18] Research and Development - Research and development expenses for the third quarter of 2021 amounted to ¥223,604,850.94, an increase from ¥194,500,343.82 in the same quarter of 2020, showing a growth of 15.0%[31] Changes in Assets - The company reported a decrease in short-term borrowings to RMB 16,000,000.00 from RMB 26,000,000.00, a reduction of approximately 38.5%[26] - The company reported a net increase in cash and cash equivalents of -CNY 779,097,767.71, compared to -CNY 558,665,383.44 in the same period last year[41] - The company has ongoing development expenditures amounting to $7,225,485.55, reflecting its commitment to innovation[45]