WAYS(SH:605218)2021-10-26 16:00Financial Performance - The company's revenue for Q3 2021 was ¥285,785,973.47, representing a year-over-year increase of 7.81%[6] - The net profit attributable to shareholders decreased by 91.95% to ¥1,526,605.82 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was -¥2,868,127.48, a decline of 122.97% year-over-year[6] - The basic earnings per share fell by 93.26% to ¥0.0072[7] - The weighted average return on equity decreased by 3.23 percentage points to 0.1349%[7] - The net profit for Q3 2021 was CNY 40,690,323.75, a decrease of 28.5% compared to CNY 56,814,610.01 in Q3 2020[30] - The total comprehensive income for Q3 2021 was CNY 43,451,224.78, down from CNY 56,916,990.80 in the same period last year, reflecting a decline of 23.6%[31] - The operating profit for Q3 2021 was CNY 40,603,812.04, down 33.5% from CNY 61,223,173.28 in Q3 2020[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,402,529,755.17, down 2.30% from the previous year[7] - The total assets as of September 30, 2021, amounted to ¥1,402,529,755.17, slightly down from ¥1,435,494,699.08 at the end of 2020[25] - Current assets totaled ¥940,961,517.16 as of September 30, 2021, compared to ¥1,178,314,008.03 at the end of 2020, indicating a decrease of 20.2%[24] - Total liabilities were reported at ¥271,276,095.74 for Q3 2021, down from ¥322,152,249.23 in the previous year, a reduction of 15.8%[25] - Owner's equity stood at approximately $1.11 billion, with retained earnings of about $234.69 million[36] - The total equity attributable to shareholders was ¥1,131,253,659.43 as of September 30, 2021, compared to ¥1,113,342,449.85 at the end of 2020, reflecting a slight increase of 1.6%[25] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥11,560,021.52, a decrease of 74.29%[7] - Cash flow from operating activities for the first three quarters of 2021 was CNY 11,560,021.52, significantly lower than CNY 44,959,586.20 in the previous year, representing a decrease of 74.3%[32] - The net cash flow from investment activities was -CNY 56,794,646.85, worsening from -CNY 36,695,746.77 in the previous year[32] - The net cash flow from financing activities was -CNY 27,629,774.58, a significant drop from CNY 549,705,330.36 in the same period last year[32] - The company's cash and cash equivalents increased to ¥293,521,912.57 by the end of 2021, up from ¥219,397,685.70 in the previous year, representing a growth of 33.7%[24] Investments and Development - The company increased its investment in new product and technology development, which impacted short-term profits[12] - The company has 406 R&D and design personnel and holds 66 authorized patents[17] - Research and development expenses increased to ¥58,814,666.54 in Q3 2021, compared to ¥48,413,873.34 in Q3 2020, marking a growth of 21.5%[29] - The company plans to continue investing in new product development and market expansion strategies to drive future growth[29] - Four Mini-Led display samples and seven Mini-Led trial productions have been completed, with orders from internationally renowned automotive manufacturers[18] - The company is currently developing three smart surface products and has received designated orders from clients[19] Market and Economic Factors - The appreciation of the RMB against the USD negatively impacted sales revenue, which is primarily dollar-denominated[12] - The company faced rising labor costs due to local labor shortages and minimum wage increases, affecting profitability[12] - The "power restriction" policy in Jiangsu and Guangdong provinces has impacted production and increased costs[20] - The semiconductor shortage in the automotive industry has indirectly affected the company's production plans and product delivery[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,159[14] - The largest shareholder, Watanabe Yoichi, holds 124,576,382 shares, representing 58.5% of the total shares[14] Government Support - The company received a total of 1,020,000 RMB in government subsidies during the reporting period[17] Investor Relations - The company has actively engaged with investors, receiving two institutional investor research visits during the reporting period[21] - The company has been recognized as a "high-tech enterprise" and has established itself as a technology center in Suzhou[16]