Valin Precision(SH:603356)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥633,804,085.97, a decrease of 2.13% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥1,343,426.17, down 95.96% year-on-year, primarily due to a significant increase in raw material prices[5][9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥634,555.05, a decrease of 98.03% compared to the previous year[5][9]. - The basic earnings per share for the current period was ¥0.01, a decline of 96% year-on-year[6][9]. - The net profit for Q3 2021 was -4,969,472.12 CNY, a significant decrease compared to the net profit of 88,315,918.27 CNY in the same period last year[19]. - The total profit for Q3 2021 was -1,334,354.94 CNY, down from 108,840,051.22 CNY in Q3 2020[19]. - The company reported a net profit margin decrease due to rising operational costs, with net profit for the first three quarters of 2021 not specified but impacted by increased expenses[18]. Revenue and Costs - Total revenue for the first three quarters of 2021 reached ¥1,629,458,404.73, an increase of 17.3% compared to ¥1,389,538,796.08 in the same period of 2020[18]. - Total operating costs for the first three quarters of 2021 were ¥1,634,084,866.47, up 27.2% from ¥1,285,262,011.77 in the previous year[18]. - Operating income for the first three quarters of 2021 was ¥1,508,651,242.61, reflecting a significant increase in costs[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,001,870,479.84, an increase of 12.01% compared to the end of the previous year[6]. - Total assets as of September 30, 2021, amounted to ¥2,001,870,479.84, up from ¥1,787,230,226.53 at the end of 2020, representing an increase of 12.0%[17]. - Total liabilities increased to ¥1,142,223,322.97 as of September 30, 2021, compared to ¥926,581,405.72 at the end of 2020, marking a rise of 23.3%[17]. - The company’s total equity as of September 30, 2021, was ¥859,647,156.87, slightly down from ¥860,648,820.81 at the end of 2020, reflecting a stable equity position despite operational challenges[17]. Cash Flow - The net cash flow from operating activities was negative at -¥129,579,439.64 for the year-to-date[6]. - The net cash flow from operating activities for Q3 2021 was -129,579,439.64 CNY, slightly improved from -132,988,794.30 CNY in Q3 2020[22]. - Cash and cash equivalents as of September 30, 2021, were ¥152,558,038.85, a decrease from ¥157,827,910.77 at the end of 2020[15]. - Cash and cash equivalents at the end of Q3 2021 totaled 152,558,038.85 CNY, compared to 61,490,936.90 CNY at the end of Q3 2020[23]. - The company reported a total cash inflow from financing activities of 438,279,286.46 CNY in Q3 2021, up from 383,415,000.00 CNY in Q3 2020[23]. - The cash outflow from investing activities was 262,052,752.95 CNY in Q3 2021, compared to 171,589,437.85 CNY in the same period last year[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,464[11]. - The top shareholder, Huang Yehua, held 33,100,000 shares, representing 24.82% of the total shares[11]. - The company received government subsidies amounting to ¥708,871.12 in the current period[8]. - The company received 14,592,000.00 CNY from minority shareholders in Q3 2021, indicating continued investment interest[23]. Research and Development - Research and development expenses for the first three quarters of 2021 were ¥31,240,049.65, up from ¥24,226,054.67 in the same period of 2020, indicating a focus on innovation[18].