HYC(688001)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 was ¥584,432,900.93, unchanged from the same period last year, while the year-to-date revenue reached ¥1,429,876,382.64, representing a 20% increase year-over-year[5]. - Net profit attributable to shareholders for Q3 2021 was ¥129,984,099.33, a 15.92% increase compared to the same period last year, with a year-to-date net profit of ¥270,895,137.03, up 19.32% year-over-year[5]. - The company achieved a revenue growth of 20.00% compared to the same period last year, driven by significant advancements in product applications and market expansion[34]. - Net profit attributable to shareholders reached RMB 271 million, representing a year-on-year increase of 19.30%[35]. - Total operating revenue for the first three quarters of 2021 reached ¥1,429,876,382.64, a 19.97% increase from ¥1,191,538,836.33 in the same period of 2020[46]. - Net profit for the first three quarters of 2021 was ¥270,895,137.03, compared to ¥227,029,814.49 in 2020, reflecting an increase of 19.3%[49]. - Basic earnings per share for the first three quarters of 2021 were ¥0.62, up from ¥0.55 in the same period of 2020[52]. Research and Development - R&D expenses totaled ¥97,644,683.15 in Q3 2021, an increase of 17.28% year-over-year, accounting for 16.71% of revenue, which is an increase of 2.46 percentage points[7]. - R&D expenses increased by 74.78 million RMB compared to the same period last year, reflecting the company's ongoing investment in semiconductor and new energy vehicle sectors[23]. - Research and development expenses for the first three quarters of 2021 totaled ¥238,429,328.69, an increase from ¥163,644,465.91 in 2020, highlighting a focus on innovation[46]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,244,946,585.45, a 16.45% increase from the end of the previous year[7]. - The total assets of the company as of September 30, 2021, amounted to RMB 4.24 billion, an increase from RMB 3.65 billion at the end of 2020[41]. - Total liabilities amounted to ¥847,353,707.47, up from ¥477,521,141.22 in the previous year, indicating increased leverage[46]. - Total current liabilities amounted to approximately $445.94 million[62]. - Total liabilities reached approximately $477.52 million, a decrease from $501.01 million[62]. - The company recorded an undistributed profit of approximately $493.70 million[62]. Cash Flow - The company reported a net cash flow from operating activities of ¥24,987,366.85 year-to-date[7]. - Net cash flow from operating activities increased by 70.56 million RMB compared to the same period last year, attributed to improved collection management[23]. - Cash flow from operating activities for the first three quarters of 2021 was ¥1,335,119,095.06, compared to ¥932,918,682.73 in 2020, indicating a significant increase[54]. - The net increase in cash and cash equivalents was -138,446,962.42, contrasting with an increase of 263,685,066.92 in the prior period[57]. Inventory and Receivables - Accounts receivable increased by 26.74% compared to the beginning of the year, primarily due to expanded sales and outstanding credit terms[17]. - Inventory increased by 123.99% compared to the beginning of the year, mainly due to unfinished products awaiting customer acceptance and increased stock of core raw materials[17]. - The company’s inventory increased to RMB 574.60 million from RMB 256.53 million year-on-year, indicating a strategic buildup in production capacity[38]. Financing Activities - The company is expected to raise RMB 800 million through the issuance of convertible bonds, with projects including the development of new intelligent automation equipment and semiconductor testing devices[35]. - Cash inflow from financing activities totaled 120,553,625.59, a significant increase from 20,000,000.00 in the previous period[57]. - Cash outflow from financing activities was 118,957,340.10, compared to 74,389,333.33 previously, leading to a net cash flow from financing activities of 1,596,285.49, an improvement from -54,389,333.33[57]. Other Financial Metrics - The weighted average return on equity was 4.02%, a decrease of 0.28 percentage points compared to the same period last year[7]. - Financial expenses decreased by 18.79 million RMB compared to the same period last year, mainly due to increased interest income[23]. - Investment income decreased by 6.38 million RMB compared to the same period last year, primarily due to reduced financial returns from raised funds[23]. - The company reported a total comprehensive income of ¥269,292,500.47 for the first three quarters of 2021, compared to ¥224,409,542.97 in 2020, reflecting overall financial health[51].