Daimay(SH:603730)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,000,026,316.25, a decrease of 23.78% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2021 was ¥130,966,714.32, down 43.46% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥118,721,250.97, a decrease of 31.08% compared to the same period last year[2]. - The basic earnings per share for Q3 2021 was ¥0.18, reflecting a decline of 43.75% year-on-year[4]. - The weighted average return on equity was 3.32%, a decrease of 2.68 percentage points compared to the same period last year[4]. - The total operating revenue for Q3 2021 reached ¥3,203,230,547.43, an increase of 7.57% compared to ¥2,977,008,552.01 in Q3 2020[19]. - Net profit for Q3 2021 was ¥432,447,829.37, compared to ¥392,355,117.85 in Q3 2020, representing a growth of 10.21%[20]. - Total equity attributable to shareholders increased to ¥4,044,064,888.84 in Q3 2021 from ¥3,894,551,647.38 in Q3 2020, marking an increase of 3.86%[18]. - Other comprehensive income after tax for Q3 2021 was ¥6,828,444.68, compared to a loss of ¥8,492,617.10 in Q3 2020[20]. - Total comprehensive income for Q3 2021 was ¥439,276,274.05, an increase from ¥383,862,500.75 in Q3 2020, reflecting a growth of 14.48%[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,332,846,900.71, a decrease of 2.78% compared to the end of the previous year[4]. - Total current assets as of September 30, 2021, amount to 3,324,807,238.85 RMB, a decrease from 3,457,292,421.84 RMB at the end of 2020[15]. - Cash and cash equivalents are reported at 516,297,870.54 RMB, down from 785,672,637.63 RMB at the end of 2020[15]. - Inventory stands at 1,362,073,032.11 RMB, an increase from 1,048,836,135.32 RMB at the end of 2020[15]. - Total liabilities decreased to ¥1,288,779,446.48 in Q3 2021 from ¥1,587,043,549.45 in Q3 2020, a reduction of approximately 18.83%[18]. - Total liabilities include short-term borrowings of 268,929,703.12 RMB, decreased from 344,984,241.49 RMB at the end of 2020[17]. - Non-current assets total 2,008,039,661.86 RMB, slightly down from 2,028,200,965.55 RMB at the end of 2020[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,178[10]. - Zhejiang Zhoushan Daimei Investment Co., Ltd. holds 408,368,788 shares, accounting for 56.37% of total shares[10]. - Jiang Yintai holds 105,908,701 shares, representing 14.62% of total shares[10]. - Jiang Ming holds 66,634,315 shares, which is 9.20% of total shares, with 16,775,000 shares pledged[10]. Operational Challenges - The company faced significant impacts from the "chip shortage," which affected the production and delivery volumes of downstream vehicle manufacturers, leading to lower sales expectations for new projects[5]. - The increase in shipping costs due to global maritime market pressures has significantly raised the company's logistics expenses, impacting profitability[5]. Research and Development - Research and development expenses for Q3 2021 were ¥132,481,676.09, up from ¥110,279,831.12 in Q3 2020, indicating a growth of 20.14%[19]. Cash Flow - The total cash inflow from operating activities for the first three quarters of 2021 was approximately RMB 3.54 billion, an increase from RMB 3.24 billion in the same period of 2020, representing a growth of about 9.1%[23]. - The net cash flow from operating activities for the first three quarters of 2021 was RMB 226.2 million, a decrease from RMB 398.9 million in the same period of 2020, reflecting a decline of approximately 43.3%[23]. - Cash outflow for purchasing goods and services in the first three quarters of 2021 was RMB 2.25 billion, compared to RMB 1.87 billion in the same period of 2020, indicating an increase of about 20.4%[23]. - The cash inflow from investment activities in the first three quarters of 2021 was RMB 919 million, down from RMB 1.22 billion in the same period of 2020, a decrease of approximately 25%[23]. - The net cash flow from investment activities for the first three quarters of 2021 was negative RMB 33.99 million, an improvement from negative RMB 323.81 million in the same period of 2020[23]. - The cash inflow from financing activities in the first three quarters of 2021 was RMB 298.5 million, down from RMB 502.4 million in the same period of 2020, a decrease of about 40.5%[24]. - The net cash flow from financing activities for the first three quarters of 2021 was negative RMB 394.77 million, compared to negative RMB 260.6 million in the same period of 2020, indicating a worsening of approximately 51.4%[24]. - The cash and cash equivalents at the end of the third quarter of 2021 amounted to RMB 512.07 million, an increase from RMB 459.24 million at the end of the same period in 2020[24]. - The company received tax refunds amounting to RMB 132.38 million in the first three quarters of 2021, compared to RMB 67.63 million in the same period of 2020, representing an increase of approximately 95.7%[23]. - The total cash outflow for operating activities in the first three quarters of 2021 was RMB 3.31 billion, compared to RMB 2.85 billion in the same period of 2020, reflecting an increase of about 15.8%[23].