Aohong Electronics(SH:605058)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 297,858,486.41, representing a year-on-year increase of 15.11%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 41,247,187.99, a significant increase of 70.18% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 35,608,594.68, up 58.13% year-on-year[5] - The company reported a year-to-date net profit increase of 39.08% primarily due to significant revenue growth and increased investment income[10] - Total operating revenue for the first three quarters of 2021 reached ¥816,916,658.23, an increase of 25% compared to ¥653,232,494.18 in the same period of 2020[20] - Net profit for the first three quarters of 2021 was ¥118,344,260.89, compared to ¥85,090,022.90 in 2020, representing a growth of 39%[21] - The company reported a total comprehensive income of ¥117,770,572.84 for the first three quarters of 2021, compared to ¥85,446,490.71 in 2020, indicating a growth of 38%[22] Cash Flow and Investments - The cash flow from operating activities for the year-to-date period increased by 43.49%, totaling CNY 106,620,630.87[6] - Net cash flow from operating activities was $106,620,630.87, an increase of 43.4% compared to $74,304,998.31 in the previous year[25] - Total cash inflow from investment activities reached $998,779,214.18, significantly higher than $75,333,095.89 in the same period last year[25] - Cash outflow for investment activities was $996,528,719.95, compared to $98,872,106.07 in the previous year, resulting in a net cash flow of $2,250,494.23 from investment activities[25] - Cash inflow from financing activities totaled $167,925,000.00, up from $160,000,000.00 year-over-year[26] - The ending balance of cash and cash equivalents was $636,065,896.56, compared to $418,475,428.76 at the end of the same quarter last year, reflecting a significant increase[26] - The company received $980,000,000.00 from investment recoveries, a substantial rise from $75,000,000.00 in the previous year[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,302,558,479.54, reflecting a 23.46% increase from the end of the previous year[6] - As of September 30, 2021, the company's total current assets amounted to ¥1,936,687,852.21, an increase from ¥1,659,083,093.81 at the end of 2020, representing a growth of approximately 16.7%[16] - The company's total assets reached ¥2,302,558,479.54, up from ¥1,865,076,542.30 at the end of 2020, indicating a growth of about 23.4%[17] - Total liabilities as of September 30, 2021, were ¥895,712,107.56, compared to ¥561,708,348.16 at the end of 2020, representing an increase of approximately 59.5%[18] - The company's total liabilities and equity reached ¥2,302,558,479.54 as of the end of the third quarter of 2021, compared to ¥1,865,076,542.30 in 2020[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,162[12] - The largest shareholder, Yang Jiuhong, holds 44.08% of the shares, totaling 63,000,000 shares[12] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥40,236,837.73, up from ¥33,905,610.22 in 2020, marking an increase of 18%[20] Employee Compensation - The company reported a decrease in employee compensation payable to ¥30,638,329.97 from ¥34,498,928.22, a decline of approximately 11.1%[18] - Cash paid to employees was $97,419,872.01, up from $79,473,359.99 year-over-year, reflecting a growth in workforce compensation[25] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in the current report[10] - There were no significant mergers or acquisitions reported in the third quarter of 2021[15]