Kelai Mechatronics(SH:603960)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥156,024,825.89, a decrease of 15.79% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2021 was ¥11,006,790.77, down 56.03% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥11,052,005.86, a decrease of 55.83% compared to the previous year[2]. - The basic earnings per share for Q3 2021 was ¥0.04, reflecting a decline of 60.00% year-over-year[7]. - Total operating revenue for the first three quarters of 2021 was CNY 436,059,906.41, a decrease of 23.6% compared to CNY 571,283,100.14 in the same period of 2020[15]. - Net profit for the first three quarters of 2021 was CNY 52,870,095.94, a decline of 51.0% from CNY 108,020,328.75 in the same period of 2020[17]. - Earnings per share for the first three quarters of 2021 was CNY 0.19, compared to CNY 0.39 in the same period of 2020[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,166,152,551.63, representing a decrease of 4.79% from the end of the previous year[3]. - Total current assets as of September 30, 2021, amount to ¥729,384,061.75, a decrease from ¥801,383,266.53 at the end of 2020[12]. - Total assets as of September 30, 2021, are ¥1,166,152,551.63, down from ¥1,224,876,237.20 at the end of 2020[13]. - Total liabilities as of September 30, 2021, amounted to CNY 145,431,475.98, a decrease from CNY 218,144,527.97 at the end of 2020[16]. - Current liabilities decreased to ¥144,245,112.34 from ¥216,835,437.06 year-over-year[13]. - The company’s total liabilities were not detailed in the provided documents, but short-term borrowings were reported at 15,315,899.14 RMB[22]. - Total liabilities amounted to 218,144,527.97, with current liabilities at 216,835,437.06[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥90,354,120.93, a significant decrease of 181.19%[2]. - Operating cash flow for the first three quarters of 2021 was negative at -90,354,120.93 RMB, compared to a positive cash flow of 111,289,135.20 RMB in the same period of 2020, representing a decline of 181,643,256.13 RMB[19]. - Total cash inflow from operating activities decreased to 350,533,985.44 RMB in 2021 from 470,124,838.74 RMB in 2020, a decrease of approximately 25.5%[19]. - Cash outflow from operating activities increased to 440,888,106.37 RMB in 2021, up from 358,835,703.54 RMB in 2020, an increase of about 22.8%[19]. - The company received 2,606,220.33 RMB in tax refunds during the first three quarters of 2021, compared to 688,394.83 RMB in the same period of 2020, an increase of approximately 278.5%[19]. - The company’s cash outflow for financing activities was 39,387,813.42 RMB in 2021, compared to 87,634,943.78 RMB in 2020, indicating a reduction of about 55.0%[20]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,126[9]. - The largest shareholder, Tan Shili, holds 57,098,945 shares, representing 21.88% of total shares[10]. - The second largest shareholder, Chen Jiukang, holds 41,824,464 shares, representing 16.03% of total shares[10]. - The total equity attributable to shareholders was CNY 967,510,127.99 as of September 30, 2021, slightly up from CNY 956,844,246.50 at the end of 2020[16]. - The total equity attributable to minority shareholders was 49,887,462.73, highlighting the company's diverse ownership structure[24]. Operational Challenges and Strategies - The company faced challenges due to a global shortage of automotive chips, impacting sales and profit margins in its automotive parts business[6]. - The company has increased its investment in new technologies and business areas, leading to higher R&D expenses compared to the previous year[6]. - New orders for flexible automation equipment and industrial robot systems have been increasing, although the production cycle for these products is lengthy, delaying revenue recognition[6]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[18]. - The management indicated a commitment to improving operational efficiency and reducing costs moving forward[18]. Other Financial Metrics - The weighted average return on equity for Q3 2021 was 1.14%, down 1.90 percentage points compared to the same period last year[3]. - The company reported a financial expense of CNY -4,830,301.02 for the first three quarters of 2021, an improvement from CNY -5,261,744.12 in 2020[16]. - The company has no significant new product or technology developments reported in the conference call[11]. - The deferred income was recorded at 1,309,090.91, indicating stable long-term financial commitments[23]. - The total amount of contract liabilities was 27,813,745.80, showing a commitment to future revenue[23]. - Employee compensation payable stood at 17,335,433.35, reflecting the company's workforce investment[23]. - The company has no reported long-term borrowings or bonds payable, indicating a conservative capital structure[23].