Dcenti(SH:603335)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 321,056,073.51, representing a year-on-year increase of 7.24%[5] - The net profit attributable to shareholders was CNY 9,135,426.52, showing a significant decrease of 80.94% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 8,983,459.36, down 25.23% year-on-year[5] - The basic earnings per share for the period was CNY 0.02, a decrease of 80.94% compared to the previous year[6] - The company reported a cash flow from operating activities of CNY 20,833,345.76, which decreased by 83.94% year-on-year[6] - The company achieved a cash flow from financing activities of 231.24 million, attributed to increased bank loans to support operational needs[12] - In Q3 2021, the company's net profit was CNY 59,881,481.97, a decrease of 11.4% compared to CNY 67,408,881.15 in Q3 2020[23] - The total comprehensive income for Q3 2021 was CNY 58,756,792.33, compared to CNY 60,398,854.33 in Q3 2020, reflecting a decrease of 2.7%[24] - The total profit for Q3 2021 was CNY 85,918,532.93, a decrease of 3.4% from CNY 89,311,129.38 in Q3 2020[23] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,327,289,824.18, an increase of 57.63% from the end of the previous year[6] - The company's total assets as of September 30, 2021, were RMB 1,327,289,824.18, compared to RMB 842,017,297.75 at the end of 2020, indicating a growth of approximately 57.7%[20] - The total liabilities as of September 30, 2021, were RMB 511,714,574.32, up from RMB 195,783,356.79 at the end of 2020, reflecting an increase of about 161%[20] Investments and Subsidiaries - Accounts receivable increased by 104.70% due to additional investments, with Guangdong Weima becoming a subsidiary[10] - The company acquired a 30% stake in Guangdong Weima New Materials Technology Co., Ltd. for RMB 50.24 million, increasing its ownership to 55%[16] - Guangdong Weima's registered capital was increased by RMB 10.3 million, raising it from RMB 18 million to RMB 28.3 million[16] - The company’s goodwill increased to 93.56 million due to additional investments in Guangdong Weima, which became a subsidiary[11] Operational Metrics - The company reported a revenue of 21.09 million, with a significant increase in sales from its subsidiary Guangdong Weima[11] - Operating costs rose to 22.24 million due to increased raw material and logistics costs, reflecting a direct correlation with the revenue growth[11] - Research and development expenses increased to 51.50 million, indicating a focus on new product development in response to market demand[11] - The company recognized a financial expense of 89.15 million, primarily due to exchange rate fluctuations and increased loan interest[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,498, indicating a stable shareholder base[14] - The largest shareholder, Jiangmen Lihong Investment Co., Ltd., holds 29.34% of the shares, reflecting significant ownership concentration[14] Cash Flow and Financial Activities - The net cash flow from operating activities for the first three quarters of 2021 was CNY 20,833,345.76, a significant decline of 83.9% from CNY 129,739,107.70 in the same period of 2020[27] - The company reported a net cash outflow from investing activities of CNY -151,615,220.69 in the first three quarters of 2021, compared to a net inflow of CNY 6,023,163.65 in the same period of 2020[28] - Cash and cash equivalents at the end of Q3 2021 were CNY 213,800,093.05, down from CNY 276,468,880.12 at the end of Q3 2020[28] - The company incurred financial expenses of CNY 9,825,891.86 in Q3 2021, an increase from CNY 5,194,806.23 in Q3 2020[23]