JCT(SH:603657)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 301,280,978.56, representing a year-on-year increase of 17.58%[5] - The net profit attributable to shareholders decreased by 46.29% to CNY 24,220,576.24 compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 22,267,274.69, down 47.04% year-on-year[5] - Basic and diluted earnings per share for the current period were CNY 0.18, a decrease of 47.06%[6] - Operating profit for the third quarter was ¥99,222,942.50, down 10.5% from ¥111,001,441.55 in the previous year[22] - Net profit attributable to shareholders of the parent company for the third quarter was ¥89,628,983.57, compared to ¥93,880,231.40 in the same quarter of 2020, reflecting a decrease of 4.5%[22] - The company's total comprehensive income for the third quarter was ¥84,763,364.63, a decrease from ¥91,022,364.08 in the previous year[23] Cash Flow - The cash flow from operating activities for the year-to-date period increased by 76.25% to CNY 46,562,726.79[5] - Cash flow from operating activities was ¥814,129,870.25, compared to ¥435,424,608.42 in the previous year, representing an increase of 87.1%[25] - Net cash flow from operating activities was 46,562,726.79, an increase from 26,418,478.36 in the previous year, representing a growth of 76.3%[26] - Net cash flow from financing activities was 99,035,646.81, a significant improvement from a negative cash flow of -48,035,433.78 in the previous year[27] - The ending balance of cash and cash equivalents was 250,740,551.28, compared to 146,521,138.94 at the end of the previous year, showing an increase of 70.9%[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,545,417,016.16, an increase of 24.93% from the end of the previous year[6] - As of September 30, 2021, the total assets of the company amounted to RMB 1,545,417,016.16, an increase from RMB 1,237,055,630.75 at the end of 2020, reflecting a growth of approximately 25%[15] - The company's current assets reached RMB 1,137,624,214.98, up from RMB 914,460,472.04 in the previous year, indicating a year-over-year increase of about 24.5%[16] - The total liabilities of the company were RMB 548,938,793.37, compared to RMB 275,300,888.09 in the previous year, marking an increase of about 99.5%[17] - The company reported a total equity of RMB 996,478,222.79, which remained stable compared to the previous year[17] - Total liabilities and equity reached ¥996,478,222.79, up from ¥961,754,742.66, showing a growth of 3.5%[22] Inventory and Receivables - Inventory levels significantly increased to RMB 237,031,625.57 from RMB 108,697,975.86, representing a growth of approximately 118%[16] - Accounts receivable increased to RMB 308,063,033.64 from RMB 303,055,811.15, reflecting a slight increase of about 1.3%[16] Research and Development - Research and development expenses for the first three quarters amounted to ¥27,954,286.20, an increase of 42.8% from ¥19,573,677.77 in the same period last year[21] Market and Product Development - The company attributed the increase in operating revenue to a rise in orders for vacuum cleaner assembly services[9] - The decline in net profit was primarily due to a decrease in sales of vacuum cleaner hoses and accessories, along with rising raw material costs[9] - The company has not disclosed any new product developments or market expansion strategies in the current report[14] Foreign Exchange and Other Financials - The company reported a foreign exchange loss of ¥3,075,486.72 for the third quarter, compared to a loss of ¥2,857,867.32 in the same quarter of 2020[23] - The impact of exchange rate changes on cash and cash equivalents was 28,566.82, compared to -5,114,945.10 in the previous year, indicating a positive shift[27]