QIFAN(SH:605222)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥5,455,403,190.30, representing a year-on-year increase of 93.49%[7] - The net profit attributable to shareholders for Q3 2021 was ¥169,432,147.23, an increase of 7.21% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥169,903,054.22, reflecting an 11.82% increase year-on-year[7] - Total operating revenue for Q3 2021 reached ¥12,933,016,269.93, a significant increase from ¥6,359,059,827.05 in the same period of 2020, representing a growth of approximately 103%[37] - Net profit for Q3 2021 was ¥508,487,989.97, up from ¥307,647,731.35 in Q3 2020, reflecting a growth of approximately 65%[41] - The total comprehensive income attributable to the parent company was approximately CNY 508.49 million, compared to CNY 307.65 million in the previous year, representing a year-over-year increase of 65.3%[43] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥9,623,779,411.01, marking a 66.47% increase from the end of the previous year[10] - The total assets as of Q3 2021 amounted to ¥9,623,779,411.01, compared to ¥5,781,149,879.88 in Q3 2020, marking an increase of around 66%[35] - Current liabilities totaled ¥4,982,123,136.06 in Q3 2021, up from ¥2,967,170,984.42 in Q3 2020, which is an increase of approximately 68%[35] - Non-current liabilities reached ¥1,005,125,780.85 in Q3 2021, compared to ¥43,463,928.77 in Q3 2020, showing a substantial increase[35] - Total liabilities were RMB 3,010,634,913.19, a decrease from RMB 3,117,480,459.05[53] Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,409, with the top ten shareholders holding significant stakes[19] - The largest shareholder, Zhou Gonghua, holds 91,008,200 shares, representing 21.76% of the total shares[19] - The company has not disclosed any other significant relationships among the top shareholders beyond the known agreements among certain individuals[22] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥1,841,396,928.53, indicating a significant cash outflow[10] - Cash inflow from operating activities totaled CNY 11.45 billion, up from CNY 5.44 billion, indicating a growth of 109.3%[46] - Cash outflow for purchasing goods and services was CNY 12.04 billion, compared to CNY 6.59 billion, an increase of 82.5%[46] - The company reported a net increase in cash and cash equivalents of negative CNY 326.00 million, compared to negative CNY 224.29 million in the previous year[48] - The company's cash and cash equivalents as of September 30, 2021, amount to ¥524,594,258.91, down from ¥714,171,376.19 at the end of 2020, indicating a decrease of approximately 26.5%[28] Operational Strategy and Future Plans - The company attributed the slower growth in net profit to increased interest expenses from convertible bonds and higher provisions for credit impairment due to increased accounts receivable[10] - The company plans to continue innovating and participating in large infrastructure projects to drive future growth[16] - The company plans to issue non-financial corporate debt financing tools in the interbank bond market, with a total amount not exceeding ¥50 million[27] - The company plans to expand its market presence and invest in new technologies to drive future growth[35] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[44] Research and Development - Research and development expenses for Q3 2021 were ¥39,183,049.44, compared to ¥23,465,314.81 in Q3 2020, indicating a growth of approximately 67%[37] Equity and Capital Structure - The total equity attributable to shareholders reached ¥3,599,803,824.21 in Q3 2021, up from ¥2,770,514,966.69 in Q3 2020, reflecting an increase of about 30%[35] - A total of 1,831,900 restricted stock options were granted to 361 incentive targets at a price of ¥10.23 per share, increasing the registered capital from ¥400,580,000 to ¥418,197,000[24] - The company recognized a right-of-use asset and lease liability of RMB 106,845,545.86 due to the new leasing standards[52]