Yongjin Technology (SH:603995)2021-10-18 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥8,352,489,753.32, representing a year-on-year increase of 46.70%[6] - The net profit attributable to shareholders for the same period was ¥151,664,857.47, up 47.77% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥146,549,209.88, reflecting a 57.67% increase compared to the previous year[6] - Basic earnings per share for Q3 2021 were ¥0.65, an increase of 47.73% compared to the same period last year[8] - Total operating revenue for the first three quarters of 2021 reached ¥22,487,266,896.52, a significant increase of 64.9% compared to ¥13,619,569,582.40 in the same period of 2020[31] - Net profit for the first three quarters of 2021 was ¥524,801,317.66, representing a 71.8% increase from ¥305,486,742.15 in the previous year[34] - Basic earnings per share for the first three quarters of 2021 were ¥1.87, compared to ¥1.12 in the same period of 2020[36] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥272,821,803.55, showing a significant increase of 159.11% year-on-year[6] - Cash flow from operating activities was ¥24,595,001,049.19, an increase from ¥15,164,269,067.61 in the first three quarters of 2020[36] - Net cash flow from operating activities was CNY 272,821,803.55, up from CNY 105,292,297.77[39] - Operating cash inflow totaled CNY 24,891,872,873.90, an increase from CNY 15,616,046,025.25[39] - Operating cash outflow amounted to CNY 24,619,051,070.34, compared to CNY 15,510,753,727.48 in the previous period[39] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥8,347,880,486.86, marking a 34.50% increase from the end of the previous year[8] - The company's current assets totaled RMB 3,316,287,168.92, up from RMB 2,596,565,434.39, indicating a growth of about 27.7%[26] - The company's total liabilities amounted to RMB 4,344,073,436.78, compared to RMB 2,596,542,226.98, marking an increase of around 67.2%[29] - The total assets and shareholders' equity increased to ¥8,347,880,486.86 and ¥4,003,807,050.08 respectively, compared to ¥6,206,491,959.84 and ¥3,609,949,732.86 in 2020[31] Shareholder Equity - The total equity attributable to shareholders was ¥3,434,524,193.87, reflecting a 9.14% increase compared to the previous year[8] - The equity attributable to shareholders reached RMB 3,434,524,193.87, up from RMB 3,146,796,370.40, which is an increase of about 9.1%[29] Investments and Financing - The company plans to issue convertible bonds following approval from the China Securities Regulatory Commission, which will enhance its capital structure[20] - Cash inflow from financing activities totaled CNY 1,164,954,727.72, compared to CNY 384,721,599.50 in the prior period[39] - Net cash flow from financing activities was CNY 427,494,023.55, a recovery from a negative CNY -246,399,315.61[41] Expenses - Total operating costs for the first three quarters of 2021 were ¥21,839,004,399.53, up 64.4% from ¥13,274,723,231.67 in 2020[31] - Research and development expenses for the first three quarters of 2021 amounted to ¥248,495,164.17, up from ¥149,284,426.51 in 2020, indicating a focus on innovation[31] - The company reported a significant increase in sales expenses, which rose to ¥17,446,276.44 from ¥115,964,973.37 in the previous year, reflecting increased marketing efforts[31] Other Financial Metrics - The company reported a significant increase in non-recurring gains, including government subsidies totaling ¥7,095,865.35 for the year-to-date period[10] - The company experienced a credit impairment loss of ¥10,571,082.14, compared to a gain of ¥579,742.52 in the previous year, indicating potential challenges in credit management[34] - Other comprehensive income after tax for the first three quarters of 2021 was -¥2,147,579.91, compared to -¥1,614,142.34 in 2020, suggesting fluctuations in financial performance[36] Inventory and Receivables - Inventory increased significantly to RMB 1,349,077,153.24 from RMB 711,205,106.85, reflecting an increase of approximately 89.7%[26] - Accounts receivable rose to RMB 316,519,730.84 from RMB 128,580,736.03, representing an increase of about 146.3%[22] - The company reported a significant increase in other receivables, which rose to RMB 169,671,528.54 from RMB 58,109,464.88, indicating an increase of approximately 191.5%[22] Transparency and Governance - The company has not disclosed any related party transactions among the top ten shareholders, ensuring transparency in its shareholder structure[22]