AA Belt(SH:603580)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥77,199,175.88, representing a 10.17% increase compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥12,146,409.13, reflecting a 32.33% year-on-year growth[5] - The basic earnings per share for Q3 2021 was ¥0.0929, an increase of 32.34% compared to the previous year[6] - The company reported a 34.22% increase in year-to-date operating revenue, totaling ¥206,947,337.91[5] - Total revenue for the first three quarters of 2021 reached CNY 206,947,337.91, a 34.3% increase from CNY 154,185,933.15 in the same period of 2020[18] - Net profit for the first three quarters of 2021 was CNY 30,970,807.46, representing a 21.5% increase compared to CNY 25,545,265.34 in 2020[19] - The net profit attributable to the parent company for Q3 2021 was ¥31,362,272.29, an increase of 22.5% compared to ¥25,682,489.53 in Q3 2020[20] - The total comprehensive income for Q3 2021 reached ¥30,558,797.87, up from ¥25,687,839.63 in the same period last year, reflecting a growth of 19.5%[20] - Basic and diluted earnings per share for Q3 2021 were both ¥0.2400, compared to ¥0.1965 in Q3 2020, representing a 22.0% increase[20] Assets and Liabilities - The total assets as of September 30, 2021, amounted to ¥566,142,968.88, which is a 14.31% increase from the end of the previous year[6] - The company’s equity attributable to shareholders increased by 4.61% to ¥459,157,265.03 compared to the end of the previous year[6] - Total assets increased to CNY 566,142,968.88, a growth of 14.3% from CNY 495,256,798.98 at the end of 2020[16] - Total liabilities rose to CNY 87,089,343.40, an increase of 79.5% compared to CNY 48,596,768.98 in 2020[16] - The company’s equity attributable to shareholders increased to CNY 459,157,265.03 from CNY 438,922,204.73, reflecting a growth of 4.6%[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥13,138,266.41, showing a decrease of 18.13%[6] - Cash inflow from operating activities for the first three quarters of 2021 was ¥199,774,088.44, a rise of 33.9% from ¥148,961,573.96 in the same period of 2020[22] - The net cash flow from operating activities for the first three quarters of 2021 was ¥13,138,266.41, down 18.9% from ¥16,048,661.38 in the previous year[22] - The net cash flow from investing activities for the first three quarters of 2021 was -¥57,543,052.37, an improvement from -¥94,934,018.19 in the same period of 2020[23] - The net cash flow from financing activities for the first three quarters of 2021 was ¥6,255,754.01, compared to -¥11,591,036.15 in the previous year, indicating a positive turnaround[23] - The cash and cash equivalents at the end of Q3 2021 stood at ¥100,001,505.82, an increase from ¥61,111,488.85 at the end of Q3 2020[23] - Cash and cash equivalents decreased to CNY 100,001,505.82 from CNY 139,204,618.97 at the end of 2020, a decline of 28.2%[14] Accounts Receivable and Inventory - The company experienced a 48.28% increase in accounts receivable due to higher operating revenue compared to the previous year[9] - Accounts receivable increased significantly to CNY 100,305,252.44 from CNY 67,643,950.85, marking a 48.3% rise[14] - Inventory levels rose to CNY 92,543,735.36, up 24.3% from CNY 74,493,911.91 at the end of 2020[14] Research and Development - The company reported R&D expenses of CNY 8,752,719.09 for the first three quarters of 2021, up 21.4% from CNY 7,211,337.76 in 2020[19] Government Subsidies and Contract Liabilities - The company recorded a government subsidy of ¥1,316,947.42 during the reporting period, contributing to its financial performance[8] - The company’s contract liabilities increased by 64.08% due to growth in sales orders and operating revenue[9]