BEKEN(SH:603068)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥279,450,329.46, representing a year-over-year increase of 21.43%[5] - Net profit attributable to shareholders was ¥16,526,214.06, showing a significant increase of 107.73% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥14,495,024.57, which increased by 110.88% year-over-year[5] - The basic earnings per share for the quarter was ¥0.11, an increase of 83.33% compared to the previous year[6] - The total operating revenue for the first three quarters of 2021 reached ¥800,775,158.74, a significant increase of 43.1% compared to ¥559,186,366.06 in the same period of 2020[18] - The net profit for the first three quarters of 2021 was ¥49,469,886.04, a decrease of 14.7% from ¥57,960,776.01 in the same period of 2020[19] - The basic earnings per share for the first three quarters of 2021 was ¥0.33, down from ¥0.42 in the same period of 2020, reflecting a decrease of 21.4%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,301,511,634.58, reflecting a growth of 5.67% from the end of the previous year[6] - Total current assets as of September 30, 2021, amounted to ¥1,990,428,076.35, an increase from ¥1,910,104,625.55 at the end of 2020, reflecting a growth of approximately 4.2%[15] - Non-current assets totaled ¥311,083,558.23, up from ¥267,903,500.16, showing an increase of around 16.1%[16] - Total assets reached ¥2,301,511,634.58, compared to ¥2,178,008,125.71 at the end of 2020, marking a growth of about 5.6%[16] - The total liabilities as of the end of the third quarter of 2021 were ¥291,580,928.45, compared to ¥189,616,751.58 at the end of the same quarter in 2020, indicating a 53.8% increase[18] - The total liabilities and equity amounted to ¥2,301,511,634.58, compared to ¥2,178,008,125.71 in the previous year, indicating an increase of 5.6%[18] Cash Flow - The cash flow from operating activities was ¥138,032,945.95, indicating a substantial increase of 377.66% compared to the previous year[6] - The cash flow from operating activities for the first three quarters of 2021 was ¥829,241,614.62, an increase of 21.7% from ¥681,781,706.64 in the same period of 2020[22] - The net cash flow from operating activities was CNY 138,032,945.95, a significant improvement compared to a negative cash flow of CNY 49,713,455.32 in the previous year[23] - Total cash inflow from investment activities was CNY 377,216,680.81, while cash outflow was CNY 645,522,919.54, resulting in a net cash flow of -CNY 268,306,238.73[23] - Cash inflow from financing activities totaled CNY 90,538,300.00, with a net cash flow of CNY 60,432,735.26 after outflows[24] Expenses - Research and development expenses increased by 114.24% due to higher staffing costs and project investments[9] - The company experienced a 45.73% increase in operating costs, primarily due to revenue growth[9] - The company reported a 63.28% increase in income tax expenses, correlating with the decrease in profits[9] - Research and development expenses for the first three quarters of 2021 amounted to ¥148,657,526.76, which is more than double the ¥69,387,674.88 spent in the same period of 2020, reflecting a 114.3% increase[18] - The cash outflow for employee compensation was CNY 85,224,806.90, an increase from CNY 61,836,555.58 in the previous year[23] Inventory and Current Assets - Inventory stood at ¥350,436,667.02, down from ¥361,057,512.55, representing a decrease of approximately 2.0%[16] - The company reported a decrease in accounts receivable to ¥132,870,948.61 from ¥161,401,809.72, a decline of approximately 17.7%[15] - Accounts payable increased to ¥115,536,297.61 from ¥91,165,165.75, reflecting a rise of approximately 27.0%[16] - Other current assets rose significantly to ¥211,042,555.71 from ¥30,641,738.44, a substantial increase of about 588.5%[16] Strategic Plans - The company plans to continue expanding its Wi-Fi product offerings, which have shown promising sales growth[9] - The company has not disclosed any new product developments or market expansion strategies in the current report[14] Financial Position - The total equity attributable to shareholders reached ¥2,009,930,706.13, up from ¥1,988,391,374.13 in the previous year, showing a growth of 1.1%[18] - The company's equity attributable to shareholders was CNY 1,988,391,374.13, reflecting a stable financial position[28] - The deferred income tax liabilities decreased to ¥11,671.65 from ¥403,832.46, representing a decline of 97.1%[18] Cash and Cash Equivalents - Cash and cash equivalents decreased to ¥1,274,238,819.50 from ¥1,347,065,540.56, indicating a decline of about 5.4%[15] - The company's cash and cash equivalents at the end of the period were CNY 1,274,238,819.50, down from CNY 1,347,065,540.56 at the beginning of the period[24] - The company reported a decrease in cash equivalents due to foreign exchange fluctuations amounting to -CNY 2,986,163.54[24] Leasing Standards - The company executed the new leasing standards starting January 1, 2021, which did not require adjustments to the opening balances due to the nature of its leasing activities[28]