JHM(SH:603078)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 204,350,126.96, representing a year-on-year increase of 34.80%[5] - The net profit attributable to shareholders was CNY 12,533,120.11, showing a decrease of 38.91% compared to the same period last year[5] - The basic earnings per share for the quarter was CNY 0.0639, down 55.24% year-on-year[6] - The company reported a net profit of RMB 371,596,495.51 for the first nine months of 2021, compared to RMB 361,874,282.43 in the same period last year, indicating a growth of approximately 2%[20] - Net profit for the first three quarters of 2021 was ¥27.41 million, a decrease of 35.2% compared to ¥42.34 million in the same period of 2020[22] - Operating profit for the first three quarters of 2021 was ¥29.51 million, down 40.4% from ¥49.51 million in the same period of 2020[22] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,196,863,358.62, an increase of 10.48% from the end of the previous year[6] - As of September 30, 2021, the total assets of the company amounted to RMB 2,196,863,358.62, an increase from RMB 1,988,413,091.18 at the end of 2020, representing a growth of approximately 10.5%[20] - The company's current assets totaled RMB 749,167,155.61, down from RMB 803,901,167.08 in the previous year, indicating a decrease of about 6.8%[18] - Total liabilities reached RMB 1,072,229,071.14, up from RMB 873,095,973.87, which is an increase of approximately 22.8%[19] - The total liabilities were reported at 873,095,973.87 RMB, with current liabilities at 541,500,337.57 RMB and non-current liabilities at 331,595,636.30 RMB[32] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 77,535,108.78, indicating a significant decline of 400.50%[6] - Cash flow from operating activities for the first three quarters of 2021 was negative at -¥77.54 million, compared to a positive cash flow of ¥25.80 million in the same period of 2020[27] - The net cash flow from financing activities was 89,930,418.57 RMB, a decrease from 100,318,891.51 RMB in the previous period, indicating a decline of approximately 1.4%[28] - The total cash and cash equivalents at the end of the period amounted to 249,710,361.39 RMB, down from 438,385,187.38 RMB at the beginning of the period, reflecting a decrease of about 43%[28] Inventory and Receivables - Accounts receivable increased by 39.88%, primarily due to sales growth[10] - Inventory levels rose by 81.91%, reflecting increased stock to support sales growth[10] - Accounts receivable increased significantly to RMB 256,824,336.32 from RMB 183,600,935.08, reflecting a growth of approximately 40%[17] - The company's inventory rose to RMB 55,498,917.17, compared to RMB 30,509,402.93 in the previous year, marking an increase of about 81.9%[18] Costs and Expenses - The company's gross profit margin decreased due to a 60.62% increase in operating costs attributed to sales growth and rising raw material prices[11] - Total operating costs for the first three quarters of 2021 were ¥509.89 million, up 40.6% from ¥362.50 million in the same period of 2020[21] Future Outlook - The company plans to continue expanding its semiconductor product line to drive future growth[5] - The company’s management indicated a focus on expanding market presence and investing in new technologies for future growth[24] Credit and Impairment - The company reported a 94.27% increase in credit impairment losses, mainly due to increased sales revenue[11] - The company incurred a credit impairment loss of -¥3.01 million in the third quarter of 2021, compared to -¥1.55 million in the same quarter of 2020[22] Equity and Dividends - The company's equity attributable to shareholders was RMB 1,126,391,562.74, slightly up from RMB 1,116,669,349.66, showing a marginal increase of about 0.2%[19] - The company distributed dividends and interest payments totaling 36,836,639.37 RMB, an increase from 25,712,378.49 RMB in the previous period, representing a growth of about 43%[28]