Smarter Energy(SH:600869)2021-10-22 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 589,039.08 million, a decrease of 3.81% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 reached CNY 12,064.71 million, an increase of 182.91% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 10,411.74 million, up 281.24% from the previous year[4]. - The basic earnings per share for Q3 2021 was CNY 0.0544, representing a year-on-year increase of 182.91%[4]. - The company achieved operating revenue of RMB 14.936 billion in the first three quarters of 2021, a year-on-year increase of 6.48%, and a net profit attributable to shareholders of RMB 423 million, up 142.38%[17]. - Net profit for the third quarter of 2021 was CNY 446,895,088.78, significantly higher than CNY 192,354,469.10 in the same quarter of 2020, reflecting a growth of approximately 132.5%[32]. - The net profit attributable to the parent company's shareholders for the current period is approximately CNY 422.51 million, compared to CNY 174.32 million in the same period last year, representing a year-over-year increase of 142.3%[35]. - The total comprehensive income for the current period is approximately CNY 446.90 million, compared to CNY 192.35 million in the same period last year, indicating a significant increase of 132.5%[35]. Assets and Liabilities - Total assets at the end of Q3 2021 amounted to CNY 1,815,247.89 million, reflecting a growth of 7.66% compared to the end of the previous year[8]. - Total assets as of the reporting date were CNY 18,152,478,925.96, compared to CNY 16,860,650,527.67 in the previous year, showing an increase of approximately 7.7%[29]. - Total liabilities reached CNY 14,398,959,067.16, up from CNY 13,576,408,468.67, indicating a rise of about 6.1%[29]. - The company's total equity increased to CNY 3,753,519,858.80 from CNY 3,284,242,059.00, representing a growth of approximately 14.3%[29]. - The company's total equity was reported at ¥3.28 billion, with retained earnings showing a deficit of approximately ¥441.97 million[50]. - Non-current assets totaled approximately ¥5.38 billion, with fixed assets valued at ¥3.25 billion[44]. Cash Flow - The company reported a net cash flow from operating activities of CNY 54,992.92 million for the year-to-date, an increase of 22.87% compared to the same period last year[4]. - The company’s cash flow from operating activities reached RMB 550 million, reflecting a year-on-year growth of 22.87%[17]. - Cash inflows from operating activities for the current period amount to approximately CNY 15.24 billion, compared to CNY 13.96 billion in the same period last year, showing a growth of 9.1%[38]. - The net cash flow from operating activities for the current period is approximately CNY 549.93 million, an increase from CNY 447.56 million in the same period last year, representing a growth of 23%[38]. - The cash outflow from investment activities for the current period is approximately CNY 431.79 million, compared to CNY 130.33 million in the same period last year, indicating a significant increase in investment expenditures[41]. - The net cash flow from financing activities for the current period is approximately -CNY 395.25 million, an improvement from -CNY 734.65 million in the same period last year, reflecting a reduction in cash outflow[41]. - The total cash and cash equivalents at the end of the period amount to approximately CNY 734.27 million, compared to CNY 457.01 million at the end of the same period last year, indicating a year-over-year increase of 60.7%[41]. Investments and R&D - Research and development investment totaled RMB 377 million, marking a 49.96% increase year-on-year, emphasizing the company's commitment to technology and innovation[17]. - Research and development expenses for the third quarter of 2021 totaled CNY 376,969,472.36, up from CNY 251,376,023.61 in the previous year, marking an increase of about 49.9%[32]. Business Segments - The intelligent cable network business generated revenue of RMB 13.091 billion, a year-on-year increase of 4.38%, while net profit decreased by 1.50% to RMB 517 million[20]. - The lithium battery segment reported revenue of RMB 444 million, a significant year-on-year growth of 79.21%, with a net loss of RMB 274 million, improving by RMB 103 million compared to the previous year[21]. - The intelligent battery copper foil business achieved revenue of RMB 458 million, a year-on-year increase of 115.91%, with net profit rising by 2,947% to RMB 50 million[21]. - The company plans to continue expanding its smart battery business, which has significantly contributed to profit growth this year[11]. Government Support - The company received government subsidies amounting to CNY 17,357,419.65 in Q3 2021, contributing to its financial performance[9]. Inventory and Receivables - The company’s inventory as of September 30, 2021, was RMB 2.877 billion, compared to RMB 1.956 billion at the end of 2020[24]. - Accounts receivable reached ¥4.13 billion, indicating a stable collection performance[44].