GRANDWALL(SH:603897)2021-10-19 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥2,946,712,829.66, representing a year-on-year increase of 54.51%[5] - Net profit attributable to shareholders was ¥84,699,717.85, up 67.74% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥79,190,140.44, reflecting a 69.88% increase year-on-year[5] - Basic earnings per share increased by 134.29% to ¥0.46, while diluted earnings per share rose by 115.94% to ¥0.41[6] - Total operating revenue for the first three quarters of 2021 reached ¥8,011,966,421.47, a significant increase of 93.5% compared to ¥4,140,904,916.26 in the same period of 2020[21] - Net profit for the first three quarters of 2021 was ¥294,913,841.24, compared to ¥125,660,692.94 in 2020, representing an increase of 134%[22] - Basic earnings per share for the first three quarters of 2021 were ¥1.64, up from ¥0.70 in the same period of 2020[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,601,162,488.37, a 16.48% increase from the end of the previous year[6] - Total assets as of the end of Q3 2021 amounted to ¥4,601,162,488.37, an increase from ¥3,950,018,962.84 at the end of Q3 2020[19] - Total liabilities as of the end of Q3 2021 were ¥2,410,813,999.96, compared to ¥1,959,981,148.29 in Q3 2020, indicating a year-over-year increase of 23%[19] - The company's non-current assets totaled ¥796,713,017.48 as of Q3 2021, up from ¥682,172,074.62 in Q3 2020[19] - The equity attributable to shareholders increased by 10.07% to ¥2,190,348,488.41[6] - The company reported a total equity of ¥2,190,348,488.41 as of Q3 2021, an increase from ¥1,990,037,814.55 in Q3 2020, representing a growth of 10%[19] Cash Flow - The cash flow from operating activities showed a negative net amount of ¥453,568,755.47, a decline of 195.52% compared to the previous period[6] - In the first three quarters of 2021, the cash inflow from operating activities was approximately ¥8.15 billion, a significant increase from ¥4.36 billion in the same period of 2020, representing an increase of about 86.5%[25] - The net cash flow from operating activities was negative at approximately -¥453.57 million, compared to a positive cash flow of ¥474.85 million in the first three quarters of 2020[25] - The total cash outflow from operating activities was approximately ¥8.60 billion, compared to ¥3.88 billion in the same period of 2020, indicating an increase of about 121.5%[25] - The total cash and cash equivalents at the end of the period were approximately ¥556.30 million, down from ¥115.82 million at the end of the same period in 2020[26] Operational Highlights - The significant increase in revenue and profit was primarily driven by higher sales volume and copper prices compared to the previous year[10] - The company received government subsidies amounting to ¥3,500,994.48 during the reporting period[10] - Research and development expenses for the first three quarters of 2021 were ¥129,040,733.24, compared to ¥120,563,224.41 in the same period of 2020, reflecting a growth of 7%[22] - Financial expenses decreased to ¥8,757,072.77 in the first three quarters of 2021 from ¥40,815,744.59 in 2020, a reduction of approximately 78%[22] - The company reported a significant increase in cash received from sales, totaling approximately ¥8.09 billion, compared to ¥4.32 billion in the previous year, marking an increase of about 87.5%[25] Market and Strategic Insights - The company has not disclosed any new product developments or market expansion strategies during this reporting period[15] - There are no known related party transactions or agreements among the top shareholders, ensuring transparency in ownership[14] - The company has not provided any specific guidance for future performance or market outlook in this report[15] - The company has not reported any new product launches or significant market expansion strategies in this quarter[27]