SNC Net(SH:605398)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥142,821,340.10, representing an increase of 8.53% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥5,589,133.18, showing a growth of 13.81% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 9.86% to ¥3,524,713.85 in Q3 2021[5] - Net profit for the third quarter of 2021 was ¥38,400,134.98, a decrease of 32.4% from ¥56,884,097.63 in the same quarter of 2020[22] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.66, down from ¥1.27 in the same quarter of 2020[23] - The net profit attributable to shareholders for the year-to-date period decreased by 32.54% to ¥38,378,225.96, primarily due to increased R&D investments[10] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,145,711,925.76, an increase of 72.83% compared to the end of the previous year[6] - The total assets as of September 30, 2021, amounted to CNY 1,145,711,925.76, an increase from CNY 662,921,377.11 at the end of 2020[16] - The total current liabilities decreased to CNY 193,660,555.66 from CNY 247,100,512.82, indicating a reduction of about 21.6%[17] - Total liabilities as of the end of the third quarter of 2021 amounted to ¥200,263,032.74, compared to ¥247,279,050.61 at the end of the same quarter in 2020[21] - The total liabilities rose to 254,664,543.89 RMB, with a notable increase in non-current liabilities due to the implementation of the new leasing standard[29] Shareholder Information - The company reported a total of 9,382 common shareholders at the end of the reporting period[12] - The top shareholder, Sun Zhengyang, holds 11,034,650 shares, representing 18.55% of the total shares[12] Cash Flow - The company reported a net cash flow from operating activities of -¥35,819,274.06 for the year-to-date period, indicating a significant cash outflow[5] - Cash flow from operating activities for the first three quarters of 2021 was negative at -¥35,819,274.06, an improvement from -¥74,463,294.91 in the same period of 2020[23] - The company reported a total of ¥388,079,034.31 in cash inflows from operating activities for the first three quarters of 2021, compared to ¥306,918,861.25 in 2020, marking a 26.5% increase[23] - The net cash flow from investment activities was -188,108,883.12 RMB, indicating a significant outflow compared to the previous period[24] - The total cash inflow from financing activities reached 555,661,156.15 RMB, a substantial increase from 47,240,916.68 RMB in the prior period[24] - The net cash flow from financing activities was 466,629,459.66 RMB, showing a positive shift from -35,500,135.68 RMB previously[24] - The company's cash and cash equivalents at the end of the period totaled 586,880,197.42 RMB, up from 344,179,685.64 RMB at the beginning of the period[24] Equity and Earnings - The equity attributable to shareholders increased by 127.52% to ¥945,243,448.73 compared to the end of the previous year[6] - The company's total equity increased to ¥945,448,893.02 by the end of the third quarter of 2021, up from ¥415,642,326.50 in the same period of 2020[21] - The basic earnings per share for Q3 2021 was ¥0.09, a decrease of 18.18% compared to the same period last year[6] - The diluted earnings per share also stood at ¥0.09, reflecting the same percentage decrease of 18.18% year-on-year[6] - The weighted average return on equity decreased by 0.77 percentage points to 0.59% in Q3 2021[6] Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥67,074,676.82, significantly higher than ¥41,541,115.85 in 2020, indicating a 61.5% increase[21] Inventory and Receivables - The company's accounts receivable rose to CNY 69,238,569.31, compared to CNY 66,705,887.49 in the previous year, showing a growth of approximately 3.8%[16] - The inventory increased to CNY 57,830,292.67 from CNY 51,283,978.08, representing an increase of about 12.8%[16] Other Information - The company has not disclosed any significant new strategies or product developments during the reporting period[14] - The company has implemented new leasing standards, resulting in an increase in right-of-use assets and corresponding lease liabilities[29]