TENGEN(SH:605066)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 was ¥693,151,413.20, a decrease of 4.64% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥11,749,540.75, down 86.68% year-on-year[4]. - Basic earnings per share for the period was ¥0.03, reflecting a decline of 87.98% compared to the previous year[5]. - Total operating revenue for the first three quarters of 2021 reached ¥2,357,902,315.57, a 32.1% increase from ¥1,783,356,158.81 in the same period of 2020[21]. - Net profit for the third quarter of 2021 was ¥156,774,122.77, a decrease of 13.0% compared to ¥180,099,589.64 in the same quarter of 2020[22]. - Basic earnings per share for the third quarter of 2021 was ¥0.39, down from ¥0.53 in the same quarter of 2020[24]. Assets and Liabilities - Total assets increased by 12.79% to ¥3,569,659,056.30 compared to the end of the previous year[5]. - Total assets as of the end of the third quarter of 2021 were ¥3,569,659,056.30, compared to ¥3,164,794,070.63 at the end of the third quarter of 2020[19]. - Total liabilities as of the end of the third quarter of 2021 were ¥1,794,340,490.97, an increase from ¥1,430,446,928.07 in the same period of 2020[19]. - Current liabilities totaled ¥1,411,180,436.73, remaining stable compared to the previous year[29]. - Total liabilities amounted to approximately 1.43 billion, a slight decrease from 1.44 billion in the previous period[30]. - Owner's equity totaled approximately 1.73 billion, remaining unchanged from the previous period[30]. Cash Flow - Cash flow from operating activities for the year-to-date period was negative, amounting to -¥6,427,262.55[4]. - Operating cash inflow for the first three quarters of 2021 reached ¥1,735,948,010.95, a 40.9% increase from ¥1,231,111,820.12 in the same period of 2020[25]. - Net cash flow from operating activities was -¥6,427,262.55, an improvement from -¥18,219,597.72 year-over-year[25]. - Cash inflow from investment activities totaled ¥362,156,301.58, compared to ¥142,305.49 in the previous year, marking a significant increase[26]. - Net cash flow from investment activities was ¥187,968,990.55, a turnaround from -¥382,017,661.52 in the same period last year[26]. - Cash inflow from financing activities decreased to ¥112,338,135.00 from ¥733,212,452.83, reflecting a decline of 84.7%[26]. - Net cash flow from financing activities was -¥49,559,429.16, a significant drop from ¥602,401,553.58 in the previous year[26]. - The ending balance of cash and cash equivalents increased to ¥833,621,028.67, up from ¥578,666,482.12 year-over-year[26]. Research and Development - Research and development expenses for the year-to-date period rose by 45.61%, attributed to an increase in R&D personnel and investment[9]. - Research and development expenses for the third quarter of 2021 amounted to ¥94,394,673.95, an increase of 45.6% from ¥64,827,120.31 in the same quarter of 2020[22]. - The company has ongoing research and development efforts for new products and technologies, although specific details were not disclosed in the report[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 21,953[11]. - The largest shareholder, Tianzheng Group Co., Ltd., holds 99,146,960 shares, representing 24.53% of total shares[11]. Inventory and Receivables - The company reported a significant increase in accounts receivable by 48.39% at the end of the reporting period, mainly due to increased revenue[8]. - Accounts receivable increased significantly from ¥774,488,234.68 in 2020 to ¥1,149,266,909.96 in 2021, reflecting a growth of about 48.5%[17]. - The company has outstanding accounts receivable from Evergrande Group amounting to ¥57,089,200, with overdue commercial acceptance bills totaling ¥31,742,300[14]. - The company has a guarantee deposit of ¥20,000,000 related to the purchase of distribution cabinets from Evergrande Group's subsidiary[14]. - The company's inventory increased from ¥306,697,349.77 in 2020 to ¥333,247,514.12 in 2021, an increase of approximately 8.6%[17]. Future Plans - The company plans to expand its distribution channels, particularly in the new energy and construction sectors, which have shown rapid sales growth[9]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]. - The company is currently negotiating with Evergrande Group to resolve outstanding receivables and may pursue legal action if necessary[15].