Tongda Electric(SH:603390)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥109,147,553.01, a decrease of 4.68% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥1,512,508.35, down 84.06% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was -¥3,093,122.32, a decrease of 160.02% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2021 was CNY 333,315,468.30, a decrease from CNY 380,858,483.17 in the same period of 2020, representing a decline of approximately 12.5%[15]. - Net profit for the first three quarters of 2021 was CNY 9,093,866.43, down from CNY 18,981,739.78 in 2020, reflecting a decline of approximately 52.1%[16]. - The total comprehensive income for the third quarter of 2021 was CNY 9,093,866.43, compared to CNY 18,981,739.78 in the same period of 2020, indicating a decrease of approximately 52.1%[17]. - Basic and diluted earnings per share for the third quarter of 2021 were both CNY 0.03, down from CNY 0.07 in the same period of 2020, representing a decline of 57.1%[17]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥2,070,184,992.28, a decrease of 1.21% from the end of the previous year[4]. - The company's total assets as of the end of the third quarter of 2021 were CNY 2,070,184,992.28, slightly down from CNY 2,095,536,048.72 at the end of the previous quarter[13]. - Total liabilities increased to CNY 352,845,387.36 in the third quarter of 2021, compared to CNY 340,953,346.14 in the same period of 2020, marking an increase of about 3.4%[12]. - The company's total equity as of the end of the third quarter of 2021 was CNY 1,717,339,604.92, down from CNY 1,754,582,702.58 in the previous year, reflecting a decrease of about 2.1%[13]. - Total liabilities reached approximately ¥340.95 billion, with current liabilities accounting for ¥340.95 billion[25]. - The company’s total liabilities increased by ¥4.15 million compared to the previous period[25]. Cash Flow - The company reported a net cash flow from operating activities of ¥2,518,014.63 for the year-to-date[3]. - The net cash flow from operating activities for the first three quarters of 2021 was CNY 2,518,014.63, a significant improvement from a negative cash flow of CNY -124,368,276.33 in the same period of 2020[20]. - Cash inflows from operating activities totaled CNY 382,763,637.94, up from CNY 335,584,035.88 year-over-year, reflecting an increase of about 14.1%[20]. - The company reported a net cash outflow from investing activities of CNY -272,452,656.72 for the third quarter of 2021, compared to a positive cash flow of CNY 39,439,322.18 in the same period of 2020[20]. - The cash and cash equivalents at the end of the third quarter of 2021 stood at CNY 327,388,988.46, a decrease from CNY 92,456,041.28 at the end of the same quarter in 2020[21]. - The total cash outflow from financing activities was CNY 156,860,133.92, compared to CNY 102,167,543.89 in the previous year, indicating an increase of approximately 53.4%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,478[8]. - The top ten shareholders held a combined 64.66% of the company's shares, with the largest shareholder holding 33.37%[8]. - Shareholders' equity totaled approximately ¥1,754.58 billion, with retained earnings of ¥400.63 billion[25]. - The company’s total equity attributable to shareholders was approximately ¥1,726.89 billion[25]. Research and Development - Research and development expenses for the first three quarters of 2021 were CNY 49,962,600.28, slightly up from CNY 49,039,665.00 in 2020, indicating a year-over-year increase of about 1.9%[15]. Government Subsidies - The company received government subsidies amounting to ¥2,643,030.92 during the reporting period[6]. Investments - The company reported an investment income of CNY 1,740,276.42 for the first three quarters of 2021, down from CNY 12,819,311.10 in the same period of 2020, representing a decrease of approximately 86.4%[15]. Fixed Assets - The company’s fixed assets increased to CNY 468,456,574.98 in the third quarter of 2021, compared to CNY 240,881,802.50 in the previous year, indicating a significant increase of approximately 94.5%[11]. - The company reported a total of ¥240.88 billion in fixed assets and ¥281.05 billion in construction in progress[24]. Borrowings - The company received CNY 96,354,399.99 in borrowings during the third quarter of 2021, an increase from CNY 62,000,000.00 in the same period of 2020[20]. - The company’s short-term borrowings were approximately ¥62.92 million, while accounts payable stood at ¥190.02 million[24]. Other Financial Metrics - The weighted average return on equity for Q3 2021 was 0.10%, a decrease of 0.46 percentage points compared to the previous year[3]. - The company's cash and cash equivalents decreased to CNY 1,226,818,716.84 in the third quarter of 2021, down from CNY 1,396,942,893.63 in the previous year, a decline of approximately 12.2%[11]. - The company recognized a right-of-use asset increase of ¥4.49 million due to the implementation of new leasing standards[26]. - The company’s total non-current liabilities were reported at ¥2.60 million, primarily due to lease liabilities[25].