德宏股份(603701) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 133,814,045.80, a decrease of 23.97% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 5,365,520.80, down 74.95% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,054,046.86, a decline of 80.08% compared to the previous year[5]. - Basic earnings per share for the period were CNY 0.02, a decrease of 75.00% year-on-year[6]. - The weighted average return on net assets decreased by 2.34 percentage points to 0.73% for the quarter[6]. - The net profit attributable to shareholders for the year-to-date was CNY 29,992,212.78, down 41.81% year-on-year[5]. - The company reported a decrease of 46.16% in net profit after deducting non-recurring gains and losses for the year-to-date[10]. - Net profit for the first three quarters of 2021 was ¥29.82 million, a decrease of 42.3% compared to ¥51.69 million in the same period of 2020[20]. - The company reported a total profit of ¥31.93 million for the first three quarters of 2021, down 46.3% from ¥59.38 million in the same period of 2020[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 946,147,720.23, a decrease of 4.63% from the end of the previous year[6]. - Total current assets as of September 30, 2021, amounted to ¥541,134,974.42, a decrease from ¥579,523,224.69 at the end of 2020[15]. - Total assets decreased to ¥946,147,720.23 from ¥992,032,480.08 at the end of 2020[17]. - Total liabilities decreased to ¥210,676,396.87 from ¥272,726,527.05 year-over-year[16]. - The company's equity attributable to shareholders increased to ¥735,454,049.00 from ¥719,113,345.06[17]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 32,675,199.05[6]. - Operating cash flow for the first three quarters of 2021 was ¥32.68 million, a significant improvement from a negative cash flow of ¥9.47 million in the same period of 2020[23]. - Net cash flow from financing activities was -$31,110,092.15, a decrease from -$53,502,867.23 in the previous period[25]. - Total cash and cash equivalents at the end of the period was $85,159,650.30, down from $106,776,054.32 year-over-year[25]. - Cash outflows from financing activities totaled $51,110,092.15, compared to $80,484,167.23 in the previous period[25]. - Cash inflows from financing activities amounted to $20,000,000.00, a decrease from $26,981,300.00[25]. - The net increase in cash and cash equivalents was -$11,119,426.72, contrasting with an increase of $3,180,507.07 in the previous period[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 19,127[12]. - The largest shareholder, Ningbo Zhenhai Investment Co., Ltd., holds 30.14% of shares, totaling 78,780,000 shares[12]. Inventory and Expenses - Inventory increased to ¥123,016,970.43 from ¥105,801,916.99 year-over-year[15]. - Total operating costs increased to ¥422.87 million, up 15.5% from ¥366.08 million year-over-year[19]. - Research and development expenses increased to ¥16.65 million, up 26.7% from ¥13.16 million year-over-year[19]. - The company incurred a credit impairment loss of ¥2.89 million, compared to a gain of ¥1.62 million in the same period of 2020[20]. Other Financial Metrics - The decline in profits was primarily attributed to rising raw material prices[10]. - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.11, down from ¥0.20 in the same quarter of 2020[21]. - Sales revenue from goods and services received cash of ¥290.94 million, an increase of 39.1% from ¥208.96 million in the previous year[23]. - The company reported a total of 49,638,947.67 in long-term equity investments, slightly up from 49,084,407.51[15]. - The impact of exchange rate changes on cash and cash equivalents was -$821.06, compared to -$12,243.24 in the previous period[25]. - The company has not adopted the new leasing standards for the current year[25].