TCT(SH:688015)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was approximately ¥680.63 million, representing a year-over-year increase of 35.36%[6] - The net profit attributable to shareholders for the same period was approximately ¥75.27 million, reflecting an increase of 84.11% compared to the previous year[6] - The net profit after deducting non-recurring gains and losses was approximately ¥68.18 million, which is a 104.75% increase year-over-year[7] - Basic earnings per share for Q3 2021 were ¥0.45, up 80.00% from the same period last year[7] - Total operating revenue for the first three quarters of 2021 reached ¥1,724,634,519.81, a 38.8% increase from ¥1,242,022,995.21 in the same period of 2020[25] - Net profit for the third quarter of 2021 was ¥181,330,928.03, compared to ¥124,645,166.78 in the same quarter of 2020, representing a 45.4% increase[26] - The net profit attributable to the parent company for Q3 2021 was ¥181,609,914.69, an increase from ¥128,255,171.42 in Q3 2020, representing a growth of approximately 41.7%[27] - The basic earnings per share for Q3 2021 was ¥1.11, compared to ¥0.80 in Q3 2020, reflecting a growth of 38.75%[28] - The total comprehensive income attributable to the parent company for Q3 2021 was ¥181,748,656.05, compared to ¥128,257,119.87 in Q3 2020, marking an increase of about 41.7%[28] Research and Development - The total R&D investment for the quarter was approximately ¥69.89 million, a 66.95% increase year-over-year, accounting for 10.27% of operating revenue[7] - Research and development expenses for the first three quarters of 2021 amounted to ¥166,288,538.16, significantly higher than ¥94,257,902.06 in 2020, indicating a focus on innovation[26] - The company plans to continue increasing R&D investments and expanding its project portfolio to enhance its competitive position in the market[12] Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥5.11 billion, an increase of 17.45% compared to the end of the previous year[7] - Total assets reached ¥5,107,758,638.01 as of September 30, 2021, compared to ¥4,348,979,828.26 at the end of 2020, showing growth in the company's asset base[23] - Total liabilities decreased to ¥2,905,326,349.68 from ¥3,029,963,066.63 at the end of 2020, indicating a reduction in financial obligations[23] - Current liabilities reached approximately $2.84 billion, remaining stable with no significant changes reported[33] - Total liabilities were approximately $3.03 billion, showing an increase of $135.6 million[33] Shareholder Information - The company completed the issuance of 26,592,022 A-shares at a price of 28.58 RMB per share on September 9, 2021[16] - The first vesting period of the 2020 restricted stock incentive plan resulted in the registration of 462,780 shares for 19 eligible participants on September 17, 2021[17] - The 2021 restricted stock incentive plan was approved, granting 1,498,400 shares at a price of 16.18 RMB per share, representing 0.94% of the total share capital of 160 million shares[18] - The top 10 shareholders hold a total of 7,896,000 shares, with the largest shareholder, Beijing Infrastructure Investment Co., Ltd., owning 31,978,822 shares, accounting for 17.10%[15] - The second largest shareholder, Gao Chunhai, holds 17,827,545 shares, representing 9.53%[15] - The company has a total of 13,200,043 shares held by Jiangxi Zhuohai Technology Co., Ltd., which accounts for 7.06%[15] - The company’s stock incentive plans are aimed at aligning the interests of employees with those of shareholders[18] - The company has disclosed the relationships among major shareholders, indicating coordinated actions among certain entities[15] Cash Flow - The company experienced a decrease in cash flow from operating activities, with a net cash outflow of approximately ¥37.54 million year-to-date[7] - The net cash flow from operating activities for the first three quarters of 2021 was negative at -¥37,539,705.89, a significant decline from ¥309,413,483.79 in the same period of 2020[29] - Cash inflows from operating activities totaled ¥1,428,184,468.10 for the first three quarters of 2021, down from ¥1,846,827,358.58 in the same period of 2020, a decrease of approximately 22.6%[29] - Cash outflows from operating activities for the first three quarters of 2021 were ¥1,465,724,173.99, compared to ¥1,537,413,874.79 in the same period of 2020, a decrease of about 4.7%[29] - The net cash flow from financing activities for Q3 2021 was ¥670,326,075.62, a significant improvement compared to -¥34,192,065.85 in Q3 2020[29] - The company reported a total cash inflow from financing activities of ¥758,114,618.16 in Q3 2021, compared to ¥23,922,060.00 in Q3 2020, indicating a substantial increase[29] Financial Position - The company's equity attributable to shareholders increased by 68.05% year-over-year, reaching approximately ¥2.18 billion[7] - The company reported an undistributed profit of approximately $414.4 million, suggesting a solid retained earnings position[33] - Shareholders' equity totaled approximately $1.32 billion, with no changes reported in the equity structure[33] - The capital reserve stood at approximately $667.3 million, indicating strong financial backing[33] - The company reported a goodwill value of approximately $2.66 million, indicating stable intangible asset management[32] - Deferred tax assets were approximately $38.7 million, reflecting consistent tax strategy[32] - The company has recognized lease liabilities of approximately $135.6 million under the new leasing standards effective from January 1, 2021[33]