CIG(SH:603083)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥592,672,523.71, a decrease of 15.38% compared to the same period last year[6]. - The net profit attributable to shareholders of the listed company was a loss of ¥20,658,576.09 for Q3 2021, with a year-to-date net profit of ¥40,605,042.90[6]. - The basic earnings per share for Q3 2021 was -¥0.08, while the year-to-date figure was ¥0.16[6]. - The company achieved a sales revenue of CNY 2,050.96 million, a slight decrease of 3.46% compared to the same period last year[21]. - Gross profit reached CNY 414.16 million, an increase of 51.75% year-on-year[21]. - Net profit was CNY 40.61 million, marking a significant turnaround from a loss in the previous year[21]. - Net profit for the third quarter of 2021 was approximately ¥40.61 million, a significant recovery from a net loss of approximately ¥125.68 million in the same quarter of 2020[35]. Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥3,685,910,036.19, reflecting an increase of 4.08% from the end of the previous year[9]. - The equity attributable to shareholders of the listed company was ¥1,710,865,942.01 at the end of Q3 2021, up 2.74% from the end of the previous year[9]. - The company's total liabilities increased to approximately ¥1.98 billion in 2021 from approximately ¥1.88 billion in 2020, reflecting a growth of about 5.76%[32]. - The total equity attributable to shareholders increased to approximately ¥1.71 billion in 2021 from approximately ¥1.67 billion in 2020, representing a growth of about 2.88%[32]. - Total assets amounted to CNY 3,685.91 million, up from CNY 3,541.30 million at the end of the previous year[26]. - Current liabilities reached $1,725,071,642.84, with no change reported from the previous period[51]. - Total liabilities were $1,876,003,047.41, down by $168,484,345.98 from the previous total[51]. Cash Flow - The company experienced a net cash flow from operating activities of -¥219,931,646.93 year-to-date[6]. - The company’s cash flow from operating activities showed improvement, with a net cash inflow of approximately ¥41.49 million in the third quarter of 2021 compared to a net outflow in the same quarter of 2020[38]. - The total cash inflow from operating activities for the first three quarters of 2021 was CNY 2,063,156,225.53, a decrease of 10.5% compared to CNY 2,305,018,504.80 in the same period of 2020[43]. - Cash outflow from operating activities totaled CNY 2,283,087,872.46, down from CNY 2,766,123,847.96 in the previous year, resulting in a net cash flow from operating activities of -CNY 219,931,646.93[43]. - The ending balance of cash and cash equivalents was CNY 131,333,100.31, a decrease from CNY 225,552,853.09 in the same period last year[46]. Operational Insights - The company attributed the decrease in losses in Q3 2021 to improved operational management and product upgrades despite a decline in shipment volumes compared to the previous year[12]. - The demand for traditional wired and wireless broadband services remained strong, but production was impacted by COVID-19 restrictions in Malaysia, leading to delayed shipments[21]. - Orders for high-end optical module products (400G and 800G) continued to grow, surpassing those for 25G and 100G products, with coverage extending into Q1 of the following year[21]. - The production capacity for 400G products at the Shanghai facility is currently saturated, with expansion plans delayed due to equipment shipping issues caused by the pandemic[21]. - The company has revised its annual sales target for the optical module business to approximately CNY 500 million[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,917[14]. - The company reported a significant increase in cash received from other operating activities, totaling CNY 138,228,385.13, compared to CNY 29,036,460.40 in the previous year[43]. Research and Development - Research and development expenses for the first three quarters of 2021 were approximately ¥163.12 million, a decrease of 12.73% compared to ¥186.94 million in the same period of 2020[32].