Quechen Company(SH:605183)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥331,458,900.63, representing a year-on-year increase of 17.66%[6] - The net profit attributable to shareholders for the same period was ¥67,636,352.30, reflecting a growth of 24.26% compared to the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,357,956.05, up 24.29% year-on-year[6] - The basic earnings per share for Q3 2021 was ¥0.16, an increase of 9.64% from the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached ¥1,035,551,771.30, a significant increase of 43.4% compared to ¥722,451,329.74 in the same period of 2020[25] - Net profit for the first three quarters of 2021 was ¥209,796,597.69, representing a 46.2% increase from ¥143,609,271.62 in 2020[28] - Earnings per share for the first three quarters of 2021 was ¥0.51, compared to ¥0.39 in the same period of 2020[28] - The company reported a total comprehensive income of ¥182,128,669.64 for the first three quarters of 2021, compared to ¥123,042,658.20 in 2020[28] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,718,902,446.37, showing a slight increase of 0.32% compared to the previous year[8] - As of September 30, 2021, the company's current assets totaled approximately RMB 1.76 billion, a slight increase from RMB 1.73 billion as of December 31, 2020, reflecting a growth of about 2%[20] - Total liabilities increased to approximately RMB 344.87 million from RMB 310.52 million, reflecting a growth of about 11%[22] - The company's total equity attributable to shareholders decreased to approximately RMB 2.37 billion from RMB 2.40 billion, a decline of about 1%[22] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥256,086,590.30, which increased by 54.31% compared to the same period last year[6] - Cash flow from operating activities generated ¥256,086,590.30, up from ¥165,952,753.08 in the first three quarters of 2020[31] - The net cash flow from investing activities was -$403.09 million, compared to -$128.73 million in the previous period[34] - The net cash flow from financing activities was -$207.75 million, an increase from -$81.19 million year-over-year[34] - The total cash and cash equivalents at the end of the period amounted to $793.88 million, up from $515.96 million in the previous period[34] - The company experienced a negative impact of -$2.77 million from exchange rate fluctuations on cash and cash equivalents[34] - The company distributed dividends and interest payments totaling $209.11 million, significantly higher than $76.76 million in the previous period[34] Operational Efficiency and Strategy - The company plans to expand its market presence through new product development and strategic partnerships in the upcoming quarters[24] - The company has allocated resources for research and development, focusing on innovative technologies to enhance product offerings[24] - The company aims to improve operational efficiency and reduce costs through process optimization and technology integration[24] Research and Development - Research and development expenses rose to ¥37,493,582.48, a 73% increase compared to ¥21,682,224.99 in the same period last year[25] Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,532, with the largest shareholder holding 59.35% of the shares[14] - The company raised ¥624,715,956.65 from its IPO in December 2020, leading to an increase in total shares and a dilution of earnings per share[9] Miscellaneous - The weighted average return on equity for the reporting period was 2.88%, a decrease of 0.31 percentage points year-on-year[6] - The company reported a net profit margin of approximately 38% for the first nine months of 2021, consistent with the previous year's performance[24] - The company's cash and cash equivalents decreased to approximately RMB 798.91 million from RMB 1.17 billion, representing a decline of about 32%[18] - Accounts receivable increased to approximately RMB 354.10 million, up from RMB 315.51 million, indicating a growth of about 12%[18] - Inventory rose to approximately RMB 145.74 million, compared to RMB 116.38 million, marking an increase of about 25%[20] - Total operating costs increased to ¥788,524,329.46, up 39.3% from ¥566,144,023.81 in the previous year[25] - The company’s total operating profit for the first three quarters of 2021 was ¥251,332,334.39, an increase from ¥156,868,138.79 in 2020[25] - The company’s tax expenses for the first three quarters of 2021 were ¥43,979,709.59, compared to ¥18,500,445.13 in the same period last year[25] - The beginning cash and cash equivalents balance was $1.15 billion, indicating a strong liquidity position at the start of the period[34] - The cash flow from operating activities was not detailed but is critical for assessing overall performance[34] - The company has not adopted the new leasing standards as of the reporting date[34] - The financial report was presented by key executives including the company leader and accounting heads, ensuring accountability and transparency[34]