Cybrid(SH:603212)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥847,761,933.69, representing a year-on-year increase of 48.65%[7]. - The net profit attributable to shareholders for Q3 2021 was ¥39,764,338.55, a decrease of 23.62% compared to the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,728,105.32, down 31.36% year-on-year[7]. - The basic and diluted earnings per share for Q3 2021 were both ¥0.10, a decrease of 23.08% compared to the same period last year[9]. - The weighted average return on equity for Q3 2021 was 2.07%, a decrease of 0.79 percentage points year-on-year[9]. - The total operating revenue for the first three quarters of 2021 reached ¥2,092,111,768.14, a significant increase of 43.5% compared to ¥1,458,704,774.46 in the same period of 2020[30]. - The net profit for the first three quarters of 2021 was ¥121,953,453.10, slightly down from ¥122,866,583.94 in the previous year, indicating a decrease of 0.7%[33]. - The company's basic earnings per share for the first three quarters of 2021 was ¥0.30, down from ¥0.32 in 2020[35]. Assets and Liabilities - Total assets at the end of Q3 2021 were ¥3,968,034,026.93, an increase of 21.11% compared to the end of the previous year[9]. - The total assets of the company reached ¥3,968,034,026.93, compared to ¥3,276,338,968.96 at the end of 2020[23]. - The company's total liabilities increased to ¥1,975,658,425.91 in 2021 from ¥1,404,314,138.32 in 2020, representing a growth of 40.7%[28]. - The total equity attributable to shareholders of the parent company rose to ¥1,993,396,729.75, up from ¥1,873,336,355.13, marking an increase of 6.4%[28]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥125,681,608.53, a decrease of 271.24% compared to the same period last year[7]. - The cash inflow from operating activities for the first three quarters of 2021 was CNY 1,636,114,577.19, an increase from CNY 1,170,774,774.17 in the same period of 2020, representing a growth of approximately 39.7%[37]. - The net cash flow from operating activities for the first three quarters of 2021 was -CNY 125,681,608.53, compared to CNY 73,396,907.49 in 2020, indicating a decline in cash generation[39]. - The total cash outflow from operating activities increased to CNY 1,761,796,185.72 in 2021 from CNY 1,097,377,866.68 in 2020, reflecting a rise of about 60.5%[39]. - The cash and cash equivalents at the end of the period were CNY 473,069,212.41, up from CNY 364,522,742.67 in the previous year, representing an increase of about 30.0%[39]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,336[15]. - The largest shareholder, Suzhou High-tech Zone Panyang Technology Development Co., Ltd., holds 115,968,024 shares, accounting for 28.99% of total shares[15]. - The company has a total of 10 major shareholders, with the top five holding a combined 69.77% of shares[15]. Operational Insights - The increase in operating revenue was primarily driven by higher sales volumes of photovoltaic packaging films and materials related to new energy power batteries[11]. - The decline in net profit was attributed to continued investment in packaging film production capacity, which has not yet achieved economies of scale, and significant increases in raw material prices[11]. - The company faced a cash flow challenge due to procurement payments increasing more than sales receipts in response to new capacity and raw material stockpiling[11]. - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[18]. - There are no significant changes in the company's debt structure or financing activities reported[18]. Costs and Expenses - The total operating costs for the first three quarters of 2021 were ¥1,962,502,462.56, up from ¥1,313,896,766.52 in 2020, reflecting a 49.4% increase[30]. - Research and development expenses for the first three quarters of 2021 were ¥57,622,757.25, compared to ¥43,636,411.40 in 2020, reflecting a growth of 32.0%[30]. - The financial expenses for the first three quarters of 2021 were ¥16,377,669.93, significantly higher than ¥7,438,732.29 in the same period last year, indicating an increase of 120.5%[33].