方邦股份(688020) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥62,414,026.94, a decrease of 8.77% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥10,245,247.22, down 65.53% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,598,316.63, a decline of 77.37% compared to the previous year[5]. - Basic earnings per share for the current period were ¥0.13, a decrease of 65.01% year-on-year[6]. - The net profit attributable to shareholders for the year-to-date period was ¥47,520,212.61, down 50.25% year-on-year[5]. - Total operating revenue for the first three quarters of 2021 was CNY 184,922,740.66, a decrease of 13.8% compared to CNY 214,465,328.37 in the same period of 2020[20]. - Net profit for the third quarter was CNY 51,624,212.26, down 48.2% from CNY 99,838,195.13 in the previous year[21]. - Earnings per share (EPS) for the third quarter was CNY 0.59, compared to CNY 1.19 in the same quarter of 2020[22]. - The company reported an investment income of CNY 12,966,190.40, down 46.7% from CNY 24,338,780.51 in the previous year[20]. Research and Development - The total R&D investment for the quarter was ¥20,967,033.12, an increase of 38.45% compared to the same period last year[6]. - R&D investment accounted for 33.59% of operating revenue, an increase of 11.45 percentage points year-on-year[6]. - The company is in a critical phase of R&D for several products, including ultra-thin copper foil and resistive films, leading to increased investment in R&D resources[11]. - Research and development expenses rose to CNY 43,633,604.51, an increase of 29.6% from CNY 33,692,082.59 year-over-year[20]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,777,793,251.07, a slight decrease of 0.26% from the end of the previous year[6]. - The total current assets decreased from ¥1,357,820,283.49 at the end of 2020 to ¥1,090,042,881.19 as of September 30, 2021[17]. - Inventory increased significantly from ¥25,559,560.09 in 2020 to ¥44,438,865.29 in 2021, indicating a 74% increase[17]. - The company's fixed assets rose from ¥70,293,106.68 in 2020 to ¥84,107,987.11 in 2021, reflecting a growth of approximately 19.7%[17]. - The total assets of the company slightly decreased from ¥1,782,356,827.47 at the end of 2020 to ¥1,777,793,251.07 as of September 30, 2021[17]. - Total liabilities decreased to CNY 136,218,648.01 from CNY 153,358,394.82, reflecting a reduction of 11.2%[19]. - Shareholders' equity increased to CNY 1,641,574,603.06, up from CNY 1,628,998,432.65, indicating a growth of 0.8%[19]. Cash Flow and Investments - The company's cash and cash equivalents as of September 30, 2021, amount to ¥398,740,719.59, a decrease from ¥416,968,524.02 at the end of 2020[16]. - Cash inflow from operating activities totaled $236,488,807.32, an increase from $229,089,665.23 in the previous quarter, reflecting a growth of approximately 1.9%[25]. - Net cash outflow from investing activities was $3,630,374.12, a significant improvement compared to a net outflow of $154,469,997.51 in the previous quarter[26]. - Cash inflow from financing activities was $24,500,000.00, down from $45,000,000.00 in the previous quarter, indicating a decrease of approximately 45.5%[26]. - The net cash and cash equivalents decreased by $4,427,804.43, compared to a decrease of $76,374,884.46 in the previous quarter, showing a substantial reduction in cash outflow[26]. - The ending balance of cash and cash equivalents was $395,240,719.59, compared to $149,268,274.35 in the previous quarter, representing a significant increase[26]. - Total cash inflow from investment activities was $2,075,545,626.00, down from $2,592,738,266.87 in the previous quarter, reflecting a decrease of approximately 19.9%[25]. - Cash paid for purchasing goods and services was $79,605,680.65, an increase from $50,890,309.69 in the previous quarter, indicating a rise of approximately 56.7%[25]. - Cash paid to employees increased to $37,905,300.56 from $32,245,237.41, marking an increase of about 17.5%[25]. - Cash paid for taxes decreased to $19,595,097.57 from $27,718,634.72, reflecting a decrease of approximately 29.3%[25]. - The company reported a net cash flow from operating activities of $58,342,779.53, down from $77,681,339.69 in the previous quarter, indicating a decline of approximately 25%[25]. Challenges and Strategic Outlook - The company faced challenges due to a decline in product prices and a decrease in shipment volumes of smart terminal products, impacting overall revenue[10]. - The company has not reported any significant new product developments or market expansion strategies in the current reporting period[15]. - Future outlook and strategic initiatives were not detailed in the provided content, suggesting a focus on operational efficiency and cost management[20].