HUASHENG(SH:605180)2021-10-25 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥159,442,310.40, representing a year-over-year increase of 54.81%[5] - Net profit attributable to shareholders for Q3 2021 was ¥46,000,444.21, up 44.84% compared to the same period last year[5] - Year-to-date revenue as of Q3 2021 totaled ¥493,920,209.10, reflecting a significant increase of 110.09% year-over-year[5] - Year-to-date net profit attributable to shareholders reached ¥148,080,884.61, marking a 113.46% increase compared to the previous year[5] - Basic earnings per share for Q3 2021 were ¥0.48, an increase of 14.29% year-over-year[6] - The company's gross profit for the first three quarters of 2021 was RMB 205,361,296.39, compared to RMB 102,182,917.10 in the previous year, indicating a gross margin improvement[19] - The net profit for Q3 2021 was CNY 150,419,789.56, a significant increase from CNY 70,380,958.63 in Q3 2020, representing a growth of approximately 113%[20] - The total profit for Q3 2021 was CNY 174,770,989.42, compared to CNY 81,935,556.86 in Q3 2020, reflecting an increase of approximately 113%[20] Assets and Equity - Total assets at the end of Q3 2021 amounted to ¥1,220,079,332.67, a 134.60% increase from the previous year[6] - Shareholders' equity attributable to the company reached ¥1,113,970,056.02, up 131.15% year-over-year[6] - As of September 30, 2021, the total assets of the company amounted to RMB 1,220,079,332.67, up from RMB 520,065,051.68 at the end of 2020, reflecting a growth of approximately 134.0%[17] - The total equity of the company reached RMB 1,113,970,056.02 as of September 30, 2021, compared to RMB 481,922,445.40 at the end of 2020, representing an increase of approximately 131.0%[17] Cash Flow - The cash flow from operating activities showed a significant decline of 97.79% year-to-date, primarily due to increased prepayments for raw materials[10] - Cash flow from operating activities for the first three quarters of 2021 was CNY 827,739.28, a decrease from CNY 37,454,700.05 in the same period of 2020[22] - The company’s total cash inflow from operating activities was CNY 418,658,448.80 in the first three quarters of 2021, compared to CNY 224,727,305.69 in the same period of 2020, showing a growth of approximately 86%[21] - Cash and cash equivalents as of September 30, 2021, were RMB 544,575,603.78, a significant increase from RMB 116,425,086.30 at the end of 2020, indicating a growth of approximately 367.0%[15] - Cash and cash equivalents at the end of Q3 2021 totaled CNY 544,575,603.78, a significant increase from CNY 101,520,013.77 at the end of Q3 2020[22] Liabilities - The company's total liabilities as of September 30, 2021, were RMB 106,109,276.65, compared to RMB 38,142,606.28 at the end of 2020, indicating an increase of about 178.0%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,533[12] Research and Development - Research and development expenses for the first three quarters of 2021 totaled RMB 15,482,232.74, which is a 113.5% increase from RMB 7,267,632.51 in the same period of 2020[19] Financing Activities - The company raised CNY 512,354,000.00 from financing activities in Q3 2021, compared to CNY 1,000,000.00 in Q3 2020, indicating a substantial increase in financing[22] Other Information - The company has not disclosed any new product launches or technological developments in the provided content, focusing instead on financial performance metrics[15] - There are no significant mergers or acquisitions reported in the current financial period, as indicated in the content provided[15] - The company reported a non-recurring gain of ¥2,279,955.17 for Q3 2021, contributing to the overall profit[10] - The company experienced a credit impairment loss of CNY -5,749,197.14 in Q3 2021, compared to CNY -2,239,366.40 in Q3 2020, indicating a worsening in credit quality[20]