DAYUAN PUMP(SH:603757)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥404,292,389.62, a decrease of 8.98% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2021 was ¥39,929,701.49, down 44.47% year-on-year[5]. - The basic earnings per share for Q3 2021 was ¥0.24, a decline of 45.45% compared to the previous year[6]. - The net profit attributable to shareholders for the year-to-date period was ¥113,326,943.53, down 33.91% year-on-year[5]. - Net profit for the third quarter of 2021 was ¥113,326,943.53, down from ¥171,469,898.14 in the same quarter of 2020, reflecting a decrease of approximately 33.9%[22]. - Total comprehensive income for the third quarter of 2021 was CNY 113,326,943.53, compared to CNY 171,469,898.14 in the same period of 2020, representing a decrease of approximately 33.9%[23]. - Basic and diluted earnings per share for the third quarter were CNY 0.69, down from CNY 1.04 in the previous year, indicating a decline of 33.7%[23]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥87,067,531.24, reflecting a decrease of 51.14%[6]. - Cash inflow from operating activities for the first three quarters of 2021 was CNY 1,087,811,287.00, an increase of 9.5% compared to CNY 993,075,639.68 in the same period of 2020[26]. - Net cash flow from operating activities decreased to CNY 87,067,531.24 in 2021 from CNY 178,185,011.77 in 2020, a decline of 51.2%[26]. - Cash inflow from investment activities was CNY 345,353,987.16, down 30.3% from CNY 495,044,555.48 in the previous year[26]. - Net cash flow from investment activities was negative CNY 142,682,857.26, compared to a positive CNY 85,453,905.70 in the same period of 2020[26]. - Cash flow from financing activities resulted in a net outflow of CNY 158,185,570.00, compared to a net outflow of CNY 82,124,000.00 in the previous year[27]. - The ending balance of cash and cash equivalents decreased to CNY 391,591,152.12 from CNY 576,744,372.41 at the end of the previous year, a decline of 32.2%[27]. - The company received CNY 22,687,986.01 in tax refunds, an increase of 91.9% compared to CNY 11,870,269.17 in the previous year[26]. - The company paid CNY 160,490,937.67 in employee compensation, which increased from CNY 137,008,922.84 in the previous year, reflecting a rise of 17.1%[26]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,613,191,196.69, an increase of 1.08% from the end of the previous year[6]. - The company's total assets as of the end of the third quarter of 2021 amounted to ¥1,613,191,196.69, slightly up from ¥1,595,907,051.24 at the end of 2020[20]. - Total liabilities increased to ¥382,791,598.77 in the third quarter of 2021, compared to ¥334,336,378.51 in the same period of 2020, marking an increase of about 14.5%[19]. - The company's cash and cash equivalents decreased from ¥1,252,648,220.49 in the previous year to ¥1,116,246,581.21 in the third quarter of 2021, a decline of approximately 10.9%[19]. - The total equity attributable to shareholders of the parent company was ¥1,230,399,597.92, down from ¥1,261,570,672.73 in the same period of 2020, reflecting a decrease of about 2.5%[20]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 8,825[12]. - The top five shareholders, all natural persons, each hold 21,089,600 shares, representing 12.53% of total shares[12]. - The company has disclosed that the top ten shareholders are acting in concert, indicating potential influence over corporate decisions[13]. Operational Challenges - The company experienced a significant increase in raw material prices, which exceeded the increase in product prices, impacting profitability negatively[10]. - The company recorded a credit impairment loss of ¥6,715,508.24 in the third quarter of 2021, compared to a loss of ¥6,529,146.02 in the same quarter of 2020, indicating a slight increase in impairment losses[22]. Research and Development - Research and development expenses for the first three quarters of 2021 were ¥42,927,047.77, up from ¥36,131,906.77 in the same period of 2020, indicating an increase of about 18.3%[21]. Litigation - The company has ongoing litigation regarding intellectual property disputes with Grundfos Management A/S, with the latest ruling maintaining the invalidation of the disputed patent[16]. - The company has not reported any new litigation or arbitration matters as of the end of the reporting period[16].