Hongfa(SH:600885)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥2,616,976,230.42, representing a year-on-year increase of 31.09%[4] - The net profit attributable to shareholders for the same period was ¥300,525,693.84, reflecting a growth of 25.28% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥274,200,498.70, an increase of 28.48% year-on-year[4] - Total operating revenue for the first three quarters of 2021 reached ¥7,564,444,263.75, a significant increase from ¥5,437,361,108.68 in the same period of 2020, representing a growth of approximately 39.1%[16] - Total revenue for Q3 2021 reached 1,302,412,820.48 CNY, an increase from 978,779,110.64 CNY in Q3 2020, representing a growth of approximately 33.0%[18] - Net profit for Q3 2021 was 1,125,439,546.04 CNY, compared to 814,634,884.12 CNY in Q3 2020, reflecting a year-over-year increase of about 38.2%[19] - The company reported a net profit increase, with retained earnings rising to ¥4,157,935,855.70 from ¥3,590,321,039.77, reflecting an increase of approximately 15.8%[15] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥12,445,586,450.83, which is a 14.78% increase from the end of the previous year[5] - As of September 30, 2021, total assets amounted to ¥12,445,586,450.83, up from ¥10,842,946,543.08 at the end of 2020, indicating an increase of about 14.8%[15] - Current assets totaled ¥7,364,678,547.75, compared to ¥6,158,355,846.00 at the end of 2020, reflecting a growth of approximately 19.5%[13] - Total liabilities as of September 30, 2021, were ¥4,249,894,603.08, up from ¥3,442,799,425.47 at the end of 2020, representing an increase of about 23.5%[15] - The company's equity attributable to shareholders reached ¥6,079,427,997.32, compared to ¥5,527,482,768.27 at the end of 2020, indicating a growth of approximately 9.9%[15] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥924,016,870.95, showing a growth of 43.16% year-on-year[4] - Operating cash inflow for the first three quarters of 2021 was 7,254,053,217.18 CNY, compared to 5,917,016,231.45 CNY in the same period of 2020, showing an increase of approximately 22.6%[21] - Net cash flow from operating activities was $924.02 million, up from $645.46 million year-over-year[22] - Cash and cash equivalents at the end of the period were $882.64 million, down from $1.59 billion at the end of the previous year[22] Shareholder Information - The top shareholder, Youge Investment Co., Ltd., held 203,681,781 shares, representing 27.35% of the total shares[9] Expenses and Investments - Research and development expenses in Q3 2021 totaled 338,817,388.17 CNY, an increase from 252,003,782.90 CNY in Q3 2020, marking a rise of about 34.5%[18] - Sales expenses for Q3 2021 were 268,772,538.33 CNY, slightly down from 279,578,130.13 CNY in Q3 2020, indicating a decrease of about 3.0%[18] - The total operating costs for Q3 2021 were 6,364,640,773.87 CNY, up from 4,521,219,881.83 CNY in Q3 2020, representing an increase of about 40.7%[18] - The company reported investment income of 72,777,923.74 CNY in Q3 2021, a significant recovery from a loss of 14,639,478.00 CNY in Q3 2020[18] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[12]