泉峰汽车(603982) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥383,268,139.10, a decrease of 3.51% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥32,404,660.51, down 21.60% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,102,223.86, a decrease of 44.40% compared to the same period last year[5] - Year-to-date revenue reached ¥1,188,816,927.04, an increase of 30.66% compared to the same period last year[5] - Year-to-date net profit attributable to shareholders was ¥110,769,102.07, up 76.60% year-on-year[5] - Basic earnings per share for Q3 2021 were ¥0.1619, a decrease of 21.43% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached ¥1,188,816,927.04, a significant increase from ¥909,867,738.04 in the same period of 2020, representing a growth of approximately 30.6%[20] - Net profit for the third quarter of 2021 was ¥110,769,102.07, up from ¥62,722,698.38 in the same quarter of 2020, reflecting a growth of approximately 76.6%[22] - Basic earnings per share for the third quarter of 2021 were ¥0.5535, compared to ¥0.3127 in the same quarter of 2020, marking an increase of about 76.9%[23] - The company reported a total profit of ¥122,403,762.49 for the third quarter of 2021, compared to ¥67,889,403.65 in the same quarter of 2020, reflecting an increase of approximately 80.5%[22] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥3,247,413,422.79, an increase of 45.53% compared to the end of the previous year[6] - Total assets reached ¥3,247,413,422.79, compared to ¥2,231,396,286.09 at the end of 2020[16] - Total liabilities as of September 30, 2021, are ¥934,730,585.07, up from ¥648,888,631.35 in the previous year[16] - Total liabilities as of the end of the third quarter of 2021 were ¥1,427,199,852.07, compared to ¥671,646,449.19 at the end of the same period in 2020, reflecting an increase of approximately 112.5%[21] - The total liabilities increased to ¥680,754,087.98 as of Q3 2021, up from ¥671,646,449.19 at the beginning of the year, indicating a rise of about 1.6%[28] Shareholder Information - The equity attributable to shareholders at the end of Q3 2021 was ¥1,820,213,570.72, an increase of 16.70% year-on-year[6] - Total equity attributable to shareholders reached ¥1,820,213,570.72, up from ¥1,559,749,836.90 in the same period of 2020, indicating an increase of about 16.7%[21] - The total number of common shareholders at the end of the reporting period is 18,764[12] - The largest shareholder, Chervon Global Holdings Limited, holds 72,000,000 shares, representing 35.7% of total shares[12] Cash Flow and Investments - The company's cash and cash equivalents as of September 30, 2021, amount to ¥506,562,607.81, an increase from ¥270,663,343.94 at the end of 2020[15] - Cash inflow from operating activities for the first three quarters of 2021 was ¥1,342,515,257.11, compared to ¥971,279,895.44 in 2020, representing an increase of approximately 38.2%[23] - The net cash flow from operating activities for Q3 2021 was ¥31,371,472.24, an increase from ¥24,517,272.05 in Q3 2020, representing a growth of approximately 27.5%[24] - The total cash inflow from investment activities was ¥447,590,780.08, while the cash outflow was ¥706,929,302.56, resulting in a net cash flow from investment activities of -¥706,929,302.56, compared to ¥87,615,302.21 in Q3 2020[24] - The net cash flow from financing activities was ¥896,289,820.64, a significant improvement from -¥163,674,783.13 in the same quarter last year[24] - The total cash and cash equivalents at the end of Q3 2021 amounted to ¥487,435,540.02, up from ¥131,328,497.90 at the end of Q3 2020[24] Operational Insights - The company attributed the increase in year-to-date revenue to the successful implementation of IPO fundraising projects and rapid sales growth in automatic transmission valve plates and new energy vehicle components[10] - The significant decrease in net profit after deducting non-recurring gains and losses was primarily due to a substantial increase in the cost of main material procurement[10] - The company has ongoing investments in fixed assets totaling ¥1,010,718,114.41, an increase from ¥902,274,763.34[16] - Research and development expenses for the third quarter of 2021 amounted to ¥89,355,573.67, up from ¥58,216,071.40 in the same quarter of 2020, indicating an increase of about 53.5%[21] - The company has not reported any significant new product developments or market expansions in the current quarter[14] - The cash outflow for the acquisition of fixed assets and intangible assets was ¥506,929,302.56 in Q3 2021, compared to ¥44,975,477.87 in Q3 2020, indicating a substantial increase in capital expenditures[24] - The company reported a significant increase in cash inflow from borrowings, totaling ¥1,070,133,600.00 in Q3 2021, compared to ¥130,700,000.00 in the same quarter last year[24] Accounting Changes - The company implemented new leasing standards starting January 1, 2021, which resulted in adjustments to the financial statements[25]