MustangBattery(SH:605378)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥336,038,823.78, a decrease of 11.03% compared to the same period last year[5] - The net profit attributable to shareholders was ¥26,210,548.26, down 47.34% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,066,362.45, a decline of 52.66% compared to the previous year[5] - The basic earnings per share for Q3 2021 was ¥0.20, a decrease of 60.00% from the same period last year[6] - The diluted earnings per share for Q3 2021 was also ¥0.20, reflecting a 60.00% decline year-on-year[6] - Total operating revenue for the first three quarters of 2021 reached ¥899,145,006.37, an increase of 10.1% compared to ¥816,272,460.93 in the same period of 2020[21] - Net profit for the first three quarters of 2021 was ¥64,811,153.05, a decrease of 27.6% from ¥89,528,262.77 in the same period of 2020[22] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.55, down from ¥0.90 in the same quarter of 2020[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,478,081,605.67, representing a 63.47% increase compared to the end of the previous year[6] - The company's total liabilities increased to ¥351,673,091.19 from ¥320,589,544.15, which is an increase of 9.8%[19] - The company's total equity capital increased to ¥133,340,000.00 from ¥100,000,000.00, reflecting a growth of 33.3%[19] - The company's total liabilities and equity reached ¥1,478,081,605.67, compared to ¥904,172,559.35 in the previous year[20] Cash Flow - Cash flow from operating activities for the year-to-date was ¥7,716,267.98, down 92.91% compared to the previous year[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥7,716,267.98, significantly lower than ¥108,857,788.73 in the previous year[26] - Cash inflow from investment activities in the first three quarters of 2021 totaled ¥752,985,586.51, compared to ¥634,923,778.35 in 2020[26] - Cash outflow from investment activities for the first three quarters of 2021 was ¥1,185,858,482.60, an increase from ¥691,354,115.59 in the previous year[26] - The company reported a net cash outflow from investment activities of ¥432,872,896.09 for the first three quarters of 2021, compared to a smaller outflow of ¥56,430,337.24 in the previous year[26] - Net cash inflow from financing activities amounted to ¥561,428,063.20, while cash outflow totaled ¥83,448,204.30, resulting in a net cash flow of ¥477,979,858.90[27] - The company reported a net increase in cash and cash equivalents of ¥51,823,940.03, bringing the ending balance to ¥70,542,294.97[27] - The company paid dividends and interest totaling ¥66,670,000.00 during the quarter[27] - The impact of exchange rate fluctuations on cash and cash equivalents was a decrease of ¥999,290.76[27] Inventory and Current Assets - Total current assets reached ¥1,190,822,631.68, up from ¥650,477,423.94 in the previous year, indicating an increase of 83.3%[18] - The company's inventory rose to ¥254,323,739.30, compared to ¥189,900,384.97 in 2020, reflecting a growth of 33.9%[18] - The accounts receivable increased to ¥224,001,082.41 from ¥168,282,068.05, showing a growth of 33.1%[17] Strategic Initiatives - The company experienced significant raw material price increases, which adversely affected the gross profit margin[10] - The company plans to address the challenges posed by rising costs and supply chain issues in future strategies[10] - The production efficiency and energy utilization rate improved by 25% and 18.5% respectively due to the implementation of the "5G-based Wild Horse Battery Smart Factory Phase I" project[15] - The company successfully listed its "Battery Product Production Fine Control Capability" project among the 194 demonstration projects selected by the Ministry of Industry and Information Technology[15]