Keystone Technology(SH:605588)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥317,749,061.84, representing a year-on-year increase of 13.45%[5] - The net profit attributable to shareholders for the same period was ¥17,304,419.35, showing a decrease of 26.18% compared to the previous year[5] - The net profit excluding non-recurring gains and losses was ¥14,482,015.82, down 32.75% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,081,463,327.67, a 42.7% increase from ¥757,123,977.66 in the same period of 2020[20] - Net profit attributable to shareholders of the parent company for Q3 2021 was ¥67,192,528.10, compared to ¥62,036,534.15 in Q3 2020, reflecting an 8.5% increase[22] - Total comprehensive income of ¥67,167,610.20 for Q3 2021, compared to ¥61,858,012.69 in Q3 2020, reflecting overall financial health[22] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,288,794,319.99, an increase of 51.66% compared to the end of the previous year[6] - The equity attributable to shareholders increased by 139.61% to ¥900,341,809.48 compared to the previous year[6] - Total current liabilities decreased to CNY 383,207,782.08 from CNY 473,097,255.20, a reduction of approximately 19%[17] - Total liabilities as of Q3 2021 were ¥388,452,510.51, compared to ¥474,048,637.35 in the previous year, showing a decrease in financial leverage[21] - The company has no long-term borrowings reported, indicating a potentially lower financial risk[17] Cash Flow - The cash flow from operating activities showed a negative net amount of ¥79,529,972.75, reflecting a decline of 284.99% year-on-year[5] - Cash flow from operating activities for the first three quarters of 2021 was negative at -¥79,529,972.75, compared to a positive cash flow of ¥42,990,568.01 in the same period of 2020[24] - The company received cash inflows from operating activities totaling ¥1,197,375,260.50 in the first three quarters of 2021, compared to ¥773,960,516.36 in the same period of 2020, indicating improved sales performance[24] - The net cash flow from investing activities was -$74,095,438.43, compared to -$61,354,532.65 in the previous year, indicating a decline in investment performance[25] - The net cash flow from financing activities was $511,300,457.55, up from $77,256,836.61 year-over-year, showing strong financing support[25] Investments and Expenditures - The company invested $39,258,605.00 in capital expenditures, which is an increase from $35,000,000.00 in the prior year[25] - Cash paid for debt repayment was $82,000,000.00, up from $44,000,000.00 in the previous year, indicating increased debt management efforts[25] - The total cash outflow from investing activities was $102,892,538.53, compared to $116,780,399.26 in the previous year, showing a reduction in investment outflows[25] Market and Strategic Outlook - The company attributed the increase in operating revenue to greater market demand and larger sales volume[10] - The decline in net profit was influenced by factors such as the COVID-19 pandemic and changes in downstream industry demand[10] - The company plans to continue expanding its market presence and enhancing its product offerings in response to evolving market conditions[10] - Research and development expenses for Q3 2021 amounted to ¥22,666,051.93, significantly higher than ¥11,490,938.85 in Q3 2020, indicating a focus on innovation[21] Shareholder Information - The number of shares held by the top shareholder, Zhang Jianwei, is 45,833,333, representing 62.70% of total shares[12] - Total equity attributable to shareholders of the parent company increased to ¥900,341,809.48 from ¥375,747,584.04 year-over-year, indicating strong retained earnings and capital growth[21]