Champion Asia(SH:603386)2021-10-19 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥719,127,074.78, representing a year-over-year increase of 24.24%[3] - Net profit attributable to shareholders for the same period was ¥62,570,258.86, up 36.03% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥51,172,281.94, reflecting a 30.86% increase year-over-year[3] - Year-to-date revenue as of the end of Q3 2021 totaled ¥1,960,376,366.16, marking a 33.25% increase from the same period last year[3] - The total operating revenue for the first three quarters of 2021 reached ¥1,960,376,366.16, a significant increase of 33.3% compared to ¥1,471,214,486.08 in the same period of 2020[18] - The net profit for the third quarter of 2021 was ¥178,026,787.06, representing a 112.5% increase from ¥83,559,001.21 in the same quarter of 2020[20] - The operating profit for the third quarter of 2021 was ¥194,749,179.04, compared to ¥89,982,206.17 in the third quarter of 2020, indicating a growth of 116.5%[19] - The basic and diluted earnings per share for the third quarter of 2021 were both ¥0.79, up from ¥0.37 in the same quarter of 2020, reflecting a 113.5% increase[20] - The company reported a total comprehensive income of ¥177,950,892.67 for the third quarter of 2021, compared to ¥83,179,955.87 in the same quarter of 2020, reflecting a growth of 113.1%[20] Assets and Liabilities - The company's total assets increased by 14.38% to ¥3,417,078,278.94 compared to the end of the previous year[4] - As of September 30, 2021, the total assets of the company reached RMB 3,417,078,278.94, an increase from RMB 2,987,446,948.14 at the end of 2020, representing a growth of approximately 14.4%[15] - Total current liabilities increased to RMB 1,726,864,901.69 from RMB 1,650,161,882.91, showing a rise of approximately 4.6%[16] - The total liabilities as of the third quarter of 2021 amounted to ¥1,983,985,511.78, an increase from ¥1,867,675,017.75 in the previous year[19] - The total non-current liabilities as of the third quarter of 2021 were ¥257,120,610.09, an increase from ¥217,513,134.84 in the previous year[19] - The company's long-term borrowings were reported at approximately ¥141.5 million, contributing to the overall non-current liabilities[26] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥167,414,998.16, showing a significant increase of 93.29%[3] - Operating cash flow for the first three quarters of 2021 was CNY 167,414,998.16, a 93.4% increase compared to CNY 86,613,930.43 in the same period of 2020[22] - Total cash inflow from operating activities reached CNY 1,401,851,041.54, up 20.6% from CNY 1,162,241,336.11 year-on-year[22] - Cash outflow from operating activities was CNY 1,234,436,043.38, an increase of 14.8% compared to CNY 1,075,627,405.68 in the previous year[22] - Net cash flow from investing activities was -CNY 157,304,295.66, slightly worse than -CNY 153,419,196.69 in the same period last year[23] - Cash inflow from financing activities totaled CNY 614,248,469.43, a marginal increase from CNY 600,884,044.62 in 2020[23] - Net cash flow from financing activities decreased to CNY 89,461,847.31 from CNY 120,444,520.25 year-on-year[23] - The ending balance of cash and cash equivalents was CNY 288,161,532.50, compared to CNY 157,966,239.89 at the end of the third quarter of 2020[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,347[10] - The total equity attributable to shareholders of the parent company was ¥1,433,092,767.16, up from ¥1,119,771,930.39 in the same period of 2020, marking a growth of 28.0%[19] - The company’s total equity, including minority interests, was approximately ¥1.12 billion, consistent with the equity attributable to shareholders[27] Investments and Acquisitions - The company is in the process of acquiring 100% equity of Sumitomo Electric Electronics (Shenzhen) Co., Ltd., with the relevant procedures for the asset purchase ongoing[13] - The company’s long-term equity investments stood at RMB 8,080,000.00, indicating a new investment strategy[15] - The company invested CNY 88,312,591.65 in fixed assets, intangible assets, and other long-term assets during the first three quarters of 2021[23] Operational Efficiency - The company successfully turned around its Huizhou factory, achieving profitability compared to the previous year[8] - The company is actively expanding its PCB business, which has contributed to improved revenue structure and profitability[8] - Research and development expenses for the third quarter of 2021 were ¥96,014,642.06, compared to ¥82,692,230.18 in the same quarter of 2020, indicating an increase of 16.1%[19] Changes in Accounting Standards - The company has adopted new leasing standards effective January 1, 2021, which require all leases to be recognized as right-of-use assets and lease liabilities[28]