金牌厨柜(603180) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥892,626,928.71, representing a year-over-year increase of 13.49%[4] - Year-to-date revenue as of Q3 2021 was ¥2,219,518,752.19, showing a significant increase of 37.41% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2021 reached ¥2,219,518,752.19, a 37.4% increase from ¥1,615,203,456.97 in the same period of 2020[24] - Net profit for the third quarter of 2021 was ¥155,688,473.09, compared to ¥147,896,785.35 in the same quarter of 2020, reflecting a 5.0% increase[25] - Total comprehensive income for the third quarter of 2021 was approximately ¥168.47 million, an increase from ¥142.20 million in the same period of 2020, representing a growth of about 18.43%[26] Profitability and Earnings - The net profit attributable to shareholders decreased by 18.14% to ¥71,342,482.50 for the quarter, while the net profit after deducting non-recurring gains and losses was ¥61,551,334.69, down 17.76%[4] - The basic earnings per share for Q3 2021 was ¥0.47, a decrease of 29.88% year-over-year, while diluted earnings per share also fell by 25.28% to ¥0.47[5] - The company reported a profit margin of approximately 7.0% for the first three quarters of 2021, compared to 9.1% in the same period of 2020[25] - Basic earnings per share for the third quarter of 2021 was ¥1.08, slightly down from ¥1.14 in the same quarter of 2020, indicating a decrease of approximately 5.26%[26] Assets and Liabilities - The company's total assets increased by 17.38% to ¥4,091,722,227.97 compared to the end of the previous year[5] - Total assets as of the end of the third quarter of 2021 were ¥4,091,722,227.97, compared to ¥3,485,802,782.09 at the end of the same period in 2020, indicating a growth of 17.4%[22] - Total liabilities as of the end of the third quarter of 2021 were ¥1,869,984,421.93, an increase from ¥1,651,938,487.73 in 2020, representing a growth of 13.2%[22] - The company's equity attributable to shareholders rose by 21.15% to ¥2,211,994,447.47 as of the end of Q3 2021[5] - Shareholders' equity totaled approximately $1.83 billion, with retained earnings of about $860.34 million[34] Cash Flow - Cash flow from operating activities saw a significant decline of 50.65%, attributed to increased raw material procurement and operational expenses[10] - Cash flow from operating activities for the first three quarters of 2021 was approximately ¥2.60 billion, up from ¥1.91 billion in the same period of 2020, reflecting an increase of about 36.38%[28] - Net cash flow from operating activities in the third quarter of 2021 was approximately ¥149.51 million, down from ¥302.96 million in the same quarter of 2020, showing a decline of about 50.73%[29] - The company received cash from sales of goods and services amounting to approximately ¥2.60 billion in the first three quarters of 2021, which is a significant increase compared to the previous year's ¥1.91 billion[28] Inventory and Receivables - The company's inventory reached approximately ¥424.04 million, up from ¥299.33 million in the previous year, indicating a 42% increase year-over-year[19] - The company’s accounts receivable increased to approximately ¥61.56 million, compared to ¥52.13 million in the previous year, indicating improved sales performance[19] Operational Challenges - The decline in net profit was primarily due to production disruptions caused by COVID-19 lockdowns in Xiamen from September 14 to October 7, 2021, delaying some revenue and profit to Q4[6] - Due to the COVID-19 pandemic, the company faced approximately ¥100 million in delayed orders, with ¥20 million unable to be delivered in Q3 and ¥80 million postponed to Q4[17] - The company resumed production on October 8, 2021, after the pandemic-related shutdowns, focusing on fulfilling delayed and new orders[16] Strategic Initiatives - The company aims to support steady performance growth through the full-category and full-channel strategic layout, with ongoing investments in new business areas[11] - The company has been investing heavily in expanding its overseas, wooden door, kitchen appliance, and smart home businesses, which has led to increased operational costs[6] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[23] Shareholder Information - The top shareholder, Xiamen Jianpan Group Co., Ltd., holds 41.48% of the shares, with a total of 64,044,322 shares pledged[13] Emergency Response - The company has established an emergency response team to manage the impact of the pandemic on operations, ensuring employee safety and compliance with government regulations[15] - The company is actively adjusting production tasks to meet urgent orders by reallocating them to other production bases[15]