CAIP(SH:603035)2021-10-25 16:00Revenue and Profit - Revenue for Q3 2021 reached ¥600,630,057.19, an increase of 11.39% year-over-year, while year-to-date revenue was ¥1,807,109,739.75, up 24.81% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2021 was ¥64,220,069.80, a decrease of 36.41% year-over-year, with year-to-date net profit at ¥277,709,948.62, an increase of 25.15%[6]. - The basic earnings per share for Q3 2021 was ¥0.17, down 45.16% year-over-year, while diluted earnings per share was ¥0.16, down 54.29%[6]. - Net profit for the third quarter of 2021 was ¥270,973,236.00, compared to ¥215,011,935.83 in the same quarter of 2020, representing an increase of approximately 26%[33]. - The total comprehensive income attributable to the parent company was CNY 277,709,948.62, compared to CNY 221,894,755.34 in the previous year, representing an increase of approximately 25.2%[35]. Assets and Liabilities - The company's total current assets as of September 30, 2021, amounted to ¥2,138,570,700.33, a decrease from ¥2,317,403,365.22 in the previous year[25]. - The company's total assets as of September 30, 2021, were ¥7,120,672,573.69, slightly down from ¥7,152,443,433.64 in the previous year[25]. - The company's total liabilities decreased to ¥3,138,297,687.26 from ¥3,480,978,218.99, indicating a reduction of about 9.8%[28]. - The company's total non-current liabilities decreased to ¥702,567,580.26 from ¥763,103,543.10, reflecting a decline of approximately 7.9%[28]. - The total equity attributable to shareholders increased to ¥3,961,321,875.58 from ¥3,651,469,750.88, marking a growth of approximately 8.5%[30]. Cash Flow - Cash inflow from operating activities totaled CNY 2,061,872,860.48, up from CNY 1,627,800,980.95, indicating a rise of approximately 26.6%[39]. - Cash outflow from investing activities was CNY 227,285,288.32, significantly reduced from CNY 719,819,384.98, showing a decrease of about 68.5%[40]. - Net cash flow from financing activities was negative at CNY -302,563,917.70, compared to CNY -353,902,397.19 in the previous year, indicating an improvement[40]. - The net increase in cash and cash equivalents was CNY -150,510,863.71, compared to CNY -555,825,949.91 in the previous year, showing a reduction in cash outflow[40]. - The total cash and cash equivalents at the end of the period stood at CNY 201,804,784.77, compared to CNY 231,153,054.40 in the previous year, representing a decrease of about 12.6%[40]. Operational Performance - The decline in net profit was primarily due to lower-than-expected production from high-end automotive clients affected by chip shortages, despite a 15% increase in net profit from new energy vehicle clients[10]. - The company reported a 31.41% increase in construction in progress, attributed to increased equipment investment for new projects[14]. - The company has experienced a 39.10% decrease in selling expenses due to the new revenue recognition standards affecting transportation costs[16]. - Research and development expenses for the first three quarters of 2021 amounted to ¥63,446,528.24, up from ¥49,035,615.83 in 2020, reflecting a rise of about 29.5%[30]. - The company plans to continue expanding its market presence and investing in new technologies to enhance production capabilities[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 36,239[18]. - The largest shareholder, Luo Xiaochun, holds 108,793,719 shares, representing 30.16% of total shares[18]. Other Financial Metrics - Non-recurring gains and losses for Q3 2021 totaled ¥7,531,526.02, with significant contributions from government subsidies and other non-operating income[13]. - Accounts receivable financing decreased by 36.77% due to higher payments made during the period, while prepayments increased by 67.36% due to higher advance payments for utilities[14]. - Accounts receivable increased to ¥714,714,750.00 from ¥672,230,258.66 year-over-year[25]. - Long-term equity investments rose to ¥1,979,647,474.34 from ¥1,870,491,572.46 year-over-year[25]. - The company reported cash and cash equivalents of ¥409,457,977.07, down from ¥544,295,007.96 in the previous year[22]. Future Outlook - The company has not provided specific future guidance or market expansion strategies in the current report[21]. - There are no mergers or acquisitions mentioned in the current reporting period[21]. - The company has no significant new product launches or technological developments reported in the current quarter[21].