TC(SH:603085)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 412,680,341.80, representing a year-on-year increase of 22.23%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 9,457,457.54, a decrease of 3.42% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 4,647,625.10, down 41.73% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,238,483,111.91, a significant increase of 25.5% compared to ¥986,552,706.83 in the same period of 2020[21] - Net profit for the first three quarters of 2021 was ¥50,646,997.44, compared to ¥42,339,619.40 in the same period of 2020, reflecting a growth of 19.5%[22] - The company reported a total comprehensive income of ¥49,980,714.80 for the third quarter of 2021, compared to ¥39,661,566.19 in the same quarter of 2020[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,606,927,796.23, an increase of 8.47% from the end of the previous year[6] - The total assets of the company as of September 30, 2021, amounted to approximately CNY 2.61 billion, an increase from CNY 2.40 billion at the end of 2020[18] - The company's current assets totaled approximately CNY 1.27 billion, compared to CNY 1.22 billion in the previous year[18] - Total liabilities as of the end of the third quarter of 2021 amounted to ¥1,546,308,763.66, compared to ¥1,392,786,883.36 at the end of the previous year[20] - The company's total equity reached ¥1,060,619,032.57, an increase from ¥1,010,684,691.80 in the previous year[20] - The company’s total liabilities included short-term borrowings of CNY 382,419,649.46, consistent with the previous year, indicating stable short-term financing[28] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 42,178,709.96[6] - The net cash inflow from operating activities was CNY 1,141,915,410.90, a significant increase from CNY 497,405,662.68 in the previous year, indicating strong operational performance[25] - The net cash outflow from investing activities was CNY -129,466,492.59, compared to CNY -80,654,256.43 in the same period last year, reflecting increased investment expenditures[25] - The net cash inflow from financing activities was CNY 38,075,111.44, down from CNY 345,362,625.81 year-over-year, suggesting a reduction in financing activities[26] - The total cash and cash equivalents at the end of the period stood at CNY 81,073,934.51, down from CNY 102,615,736.19 at the end of the previous year[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,100[10] - The largest shareholder, Zhejiang Tiancheng Ke Investment Co., Ltd., held 136,738,500 shares, accounting for 36.9% of the total shares[11] Operational Highlights - The company experienced a decline in gross profit margin due to rising prices of steel and construction materials[9] - In the first nine months of 2021, the company achieved a monthly production and sales volume of nearly 40,000 sets for passenger car seats, marking a historical high[14] - The company's revenue growth during the reporting period was primarily driven by the increase in sales from passenger car seats and aviation seat businesses[13] - The company secured a long-term order for 50 Airbus A320 aircraft seats from Allegiant Airlines for the years 2022-2024, marking its first large-scale order post-pandemic[15] - The company's passenger vehicle business is currently focused on several mass production projects, benefiting from the upward momentum of domestic brands and new energy vehicles[14] - The company's market share for domestic passenger vehicles reached 43.3%, an increase of 6.7 percentage points year-on-year[14] Research and Development - Research and development expenses increased to ¥44,352,545.13 in the first three quarters of 2021, up 51.2% from ¥29,305,880.75 in 2020[21]