Kinwong(SH:603228)2021-10-28 16:00Financial Performance - Revenue for Q3 2021 reached ¥2,422,654,513.68, an increase of 35.51% compared to the same period last year[2] - Net profit attributable to shareholders was ¥246,616,639.39, reflecting a year-on-year growth of 19.33%[2] - Net profit excluding non-recurring items was ¥222,531,914.37, up 15.80% year-on-year[2] - Total operating revenue for the first three quarters of 2021 reached ¥6,759,656,883.93, a significant increase from ¥4,926,916,532.98 in the same period of 2020, representing a growth of approximately 37.5%[17] - Net profit for the third quarter of 2021 was ¥702,628,478.69, compared to ¥688,431,698.92 in the same quarter of 2020, reflecting an increase of about 2.0%[18] - Basic earnings per share for the quarter were ¥0.29, a 16.00% increase compared to the same period last year[4] - Basic earnings per share for the third quarter of 2021 were ¥0.84, compared to ¥0.82 in the same quarter of 2020, reflecting a growth of about 2.4%[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥13,735,987,155.38, a 13.47% increase from the end of the previous year[4] - The company's total assets reached ¥13,735,987,155.38, up from ¥12,105,507,834.35, indicating an increase of approximately 13.5%[15] - The total liabilities amounted to ¥6,470,877,691.12, compared to ¥5,348,679,737.43, which is an increase of around 20.9%[15] - The company's total current liabilities reached approximately ¥3.62 billion, while non-current liabilities were approximately ¥1.73 billion[27] - The total amount of employee compensation payable was approximately ¥183 million, highlighting the company's commitment to its workforce[27] Shareholder Equity - Shareholders' equity attributable to the parent company reached ¥7,064,157,047.95, representing a 7.86% increase year-on-year[4] - The company's total equity attributable to shareholders reached ¥7,064,157,047.95, compared to ¥6,549,417,316.32 in the previous year, showing an increase of approximately 7.8%[16] - The total owner's equity attributable to shareholders was approximately ¥6.55 billion, with minority interests of approximately ¥207 million[28] - The company reported a total of ¥3.45 billion in undistributed profits, indicating strong retained earnings[27] Cash Flow - Operating cash flow for the year-to-date period was ¥672,874,920.99, down 40.55% year-on-year due to increased operational expenditures[4] - Cash flow from operating activities for the first three quarters of 2021 was ¥6,581,151,427.09, compared to ¥5,448,119,524.49 in the same period of 2020, representing an increase of about 20.8%[20] - The net cash inflow from operating activities was CNY 672,874,920.99, a decrease of 40.5% compared to CNY 1,131,859,416.17 in the previous year[22] - The total cash inflow from investment activities was CNY 5,133,667,397.89, an increase of 32.2% from CNY 3,882,930,950.26 in the same period last year[23] - The net cash outflow from financing activities was CNY 204,805,638.53, contrasting with a net inflow of CNY 1,651,039,412.44 in the previous year[23] Operational Efficiency - The company attributed revenue growth to the launch of new projects and increased product sales[8] - The company is focused on enhancing operational efficiency and decision-making through strategic shareholder agreements, which include major shareholders acting in concert[12] - Research and development expenses for the first three quarters of 2021 were ¥336,940,776.94, an increase from ¥259,229,561.58 in the same period of 2020, marking a rise of about 30.0%[17] Inventory and Receivables - Accounts receivable rose to ¥2,812,269,819.36, compared to ¥2,371,968,301.04, marking an increase of about 18.6%[13] - Inventory levels significantly increased to ¥1,906,077,313.86 from ¥877,534,668.19, representing a growth of approximately 117.4%[14] Employee Compensation - The company paid CNY 1,216,091,700.25 in employee compensation, which is an increase of 37.9% compared to CNY 882,819,467.69 last year[22] Financial Obligations - The company had approximately ¥1.47 billion in payable bonds, indicating significant debt obligations[27] - The deferred income tax liabilities were approximately ¥86 million, suggesting potential future tax obligations[27] - The total amount of interest payable was approximately ¥2.58 million, reflecting the company's interest obligations[27]