Financial Performance - The company's operating revenue for Q3 2021 was ¥613,558,536.30, a decrease of 5.40% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was ¥118,647,636.38, down 18.02% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 10.83% to ¥114,086,182.78 in Q3 2021[4]. - The basic earnings per share for Q3 2021 was ¥0.0296, a decrease of 18.23% compared to the same period last year[5]. - Total revenue for the first three quarters of 2021 was CNY 1,850,443,801.38, a decrease of 3.06% compared to CNY 1,909,271,609.49 in the same period of 2020[18]. - Operating profit for the third quarter was CNY 547,693,779.72, an increase of 12.38% compared to CNY 487,292,752.59 in the same period last year[19]. - The company reported a net profit of CNY 554,936,670.10 for the third quarter, compared to CNY 497,013,130.93 in the same period last year, marking a growth of 11.6%[19]. - Net profit for Q3 2021 reached ¥483,460,721.24, an increase from ¥436,192,955.49 in Q3 2020, representing a growth of approximately 10.5%[21]. - Basic and diluted earnings per share for Q3 2021 were both ¥0.0934, compared to ¥0.0840 in Q3 2020, reflecting an increase of 4.1%[22]. - Total comprehensive income for Q3 2021 was ¥228,404,282.30, down from ¥304,233,554.33 in Q3 2020, indicating a decline of about 25%[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥18,809,972,103.55, an increase of 2.85% from the end of the previous year[5]. - Total assets increased to CNY 18,809,972,103.55, up from CNY 18,289,285,775.32 year-over-year[18]. - Total liabilities rose to CNY 3,367,682,774.48, compared to CNY 2,866,472,078.61 in the previous year, reflecting an increase of 17.43%[18]. - Non-current assets totaled CNY 12,301,041,150.34, slightly up from CNY 12,191,330,182.70 year-over-year[18]. - Current liabilities increased from approximately ¥1.78 billion to approximately ¥1.81 billion, with a change of ¥30.60 million[26]. - Total liabilities rose from approximately ¥2.87 billion to approximately ¥3.05 billion, indicating an increase of ¥181.09 million[27]. - The company's cash and cash equivalents as of September 30, 2021, amount to 3,951,764,812.31 RMB, a decrease from 4,036,271,286.02 RMB at the end of 2020[16]. - The company’s total equity attributable to shareholders was approximately ¥11.58 billion, slightly increasing to approximately ¥11.58 billion, with a change of ¥540.83 thousand[27]. Cash Flow - The net cash flow from operating activities decreased by 31.16% year-to-date due to increased tax and social security payments[9]. - Cash flow from operating activities for the first nine months of 2021 was ¥788,355,737.59, a decrease from ¥1,145,138,409.12 in the same period of 2020, representing a decline of approximately 31.2%[23]. - Cash inflow from investment activities in Q3 2021 was ¥1,231,007,442.42, significantly lower than ¥8,674,659,015.87 in Q3 2020, indicating a decrease of about 85.8%[24]. - Cash outflow from investment activities for Q3 2021 totaled ¥1,919,309,835.32, compared to ¥9,169,064,295.15 in Q3 2020, reflecting a reduction of approximately 79.1%[24]. - The net cash flow from financing activities in Q3 2021 was -¥211,652,868.97, compared to -¥142,376,345.14 in Q3 2020, indicating a worsening of about 48.7%[24]. - The company's cash and cash equivalents at the end of Q3 2021 were ¥3,005,116,214.10, down from ¥4,023,191,999.29 at the end of Q3 2020, a decrease of approximately 25.2%[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 95,586[10]. - The largest shareholder, China Aerospace Science and Technology Corporation, holds 3,189,099,928 shares, accounting for 79.73% of total shares[10]. - The second and third largest shareholders, both state-owned entities, hold 201,631,262 shares each, representing 5.04% of total shares[10]. Management and Strategy - The company is in the process of a non-public offering of A-shares, with approval from the State-owned Assets Supervision and Administration Commission[15]. - A change in senior management occurred, with Wang Lijun appointed as the new Chief Financial Officer[15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20]. Research and Development - Research and development expenses for the third quarter were CNY 36,783,597.79, a decrease from CNY 39,652,714.43 in the previous year[19].
中国卫通(601698) - 2021 Q3 - 季度财报