UE(603600)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,051,543,865.97, a decrease of 4.52% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥46,642,195.27, down 54.31% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,228,788.64, a decline of 56.84% compared to the previous year[6]. - Basic and diluted earnings per share for Q3 2021 were both ¥0.15, representing a decrease of 55.88% year-on-year[7]. - Operating profit for the third quarter was ¥172,668,882.80, down from ¥242,908,228.79 in the previous year, indicating a decrease of about 29%[25]. - Net profit for the third quarter was ¥160,476,196.97, compared to ¥210,887,462.04 in the same quarter of 2020, reflecting a decline of approximately 24%[25]. - Earnings per share (EPS) for the third quarter was ¥0.53, down from ¥0.69 in the same period last year, a decrease of about 23%[26]. - The company reported a total comprehensive income of ¥165,707,926.57 for the third quarter, down from ¥209,008,256.16 in the previous year, a decline of about 21%[26]. Assets and Liabilities - Total assets at the end of Q3 2021 were ¥3,144,276,312.77, a decrease of 1.55% from the end of the previous year[7]. - As of September 30, 2021, the company's total assets amounted to RMB 3,144,276,312.77, a decrease from RMB 3,193,731,658.25 at the end of 2020, reflecting a decline of approximately 1.54%[19]. - The total liabilities decreased to RMB 1,698,763,066.83 from RMB 1,793,708,824.78, showing a reduction of approximately 5.3%[21]. - The total cash and cash equivalents at the end of Q3 2021 reached CNY 553,883,000.74, compared to CNY 408,307,179.40 at the end of Q3 2020, marking an increase of approximately 35.7%[30]. - The total liabilities as of Q3 2021 were CNY 1,000,000,000.00, reflecting a stable position compared to previous quarters[33]. - The total liabilities amounted to approximately $1.79 billion, with current liabilities at $1.78 billion and non-current liabilities at approximately $11.57 million[34]. - The total equity attributable to shareholders was approximately $1.39 billion, with retained earnings of approximately $484.78 million[35]. - The total equity, including minority interests, was approximately $1.40 billion[35]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥126,352,420.70, down 42.11% year-on-year[7]. - Operating cash inflow for Q3 2021 was CNY 4,117,007,570.01, up from CNY 2,332,828,068.26 in Q3 2020, representing an increase of approximately 76.5%[29]. - Net cash flow from operating activities decreased to CNY 126,352,420.70 in Q3 2021 from CNY 218,254,306.70 in Q3 2020, a decline of about 42.1%[29]. - Cash outflow from investing activities totaled CNY 2,064,043,411.45 in Q3 2021, compared to CNY 1,959,137,084.85 in Q3 2020, indicating an increase of approximately 5.4%[30]. - Net cash flow from financing activities increased to CNY 225,941,691.12 in Q3 2021 from CNY 174,517,423.49 in Q3 2020, reflecting a growth of about 29.4%[30]. Shareholder Information - The company reported a total of 15,311 ordinary shareholders at the end of the reporting period[13]. - The company repurchased a total of 4,294,606 shares, accounting for 1.42% of the total share capital, with an average repurchase price of RMB 10.48 per share[17]. - The highest repurchase price during the buyback was RMB 10.97 per share, while the lowest was RMB 9.82 per share[17]. - The company plans to use the repurchased shares for an employee stock ownership plan[17]. Market and Operational Insights - The decline in net profit was primarily due to rising raw material prices and the impact of the pandemic on operations in Vietnam[11]. - The company achieved a year-to-date operating revenue increase of 48.78%, attributed to improved market share and increased demand for home office products due to the pandemic[12]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]. Research and Development - Research and development expenses for the first three quarters were ¥93,421,357.06, an increase from ¥58,431,193.60 in the same period of 2020, representing a growth of approximately 60%[23].