Worldia(SH:688028)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥82,349,375.26, representing a year-on-year increase of 28.30%[2] - The net profit attributable to shareholders for Q3 2021 was ¥18,923,167.02, up 30.45% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥14,119,535.58, an increase of 2.91% year-on-year[2] - The total revenue for the first nine months of 2021 reached ¥232,689,208.99, reflecting a growth of 36.65% compared to the previous year[5] - Total operating revenue for the first three quarters of 2021 reached CNY 232,689,208.99, a 36.6% increase compared to CNY 170,286,927.93 in the same period of 2020[19] - Operating profit for the first three quarters of 2021 was CNY 57,435,934.08, up 17.5% from CNY 48,829,140.64 in the previous year[20] - Net profit for the first three quarters of 2021 amounted to CNY 49,611,842.82, representing a 20.1% increase from CNY 41,327,025.55 in 2020[20] - Basic and diluted earnings per share for the first three quarters of 2021 were both CNY 0.62, compared to CNY 0.52 in the same period of 2020[21] Research and Development - The total R&D expenditure for Q3 2021 was ¥7,122,778.81, which is a 67.89% increase year-on-year[4] - Research and development expenses for the first three quarters of 2021 totaled CNY 18,137,015.41, up from CNY 11,883,034.94 in the previous year, indicating a focus on innovation[19] Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥43,738,148.53 for the first nine months of 2021, an increase of 8.23% year-on-year[2] - The company reported a net cash inflow from operating activities of CNY 270,549,878.24, compared to CNY 201,894,829.23 in the same period last year[22] - The total assets of Beijing World Diamond Tools Co., Ltd. as of September 30, 2021, amounted to RMB 911,555,799.21, an increase from RMB 898,118,779.03 at the end of 2020[16] - The total cash and cash equivalents at the end of Q3 2021 were 255,379,688.51 RMB, down from 336,670,067.73 RMB at the beginning of the period, resulting in a net decrease of 81,290,379.22 RMB[23] Liabilities and Equity - The total liabilities of the company were RMB 55,134,431.29, a slight increase from RMB 54,219,091.97[18] - The total current liabilities decreased slightly to RMB 48,957,593.83 from RMB 51,219,091.97, a reduction of about 4.9%[18] - The company's total equity remained stable at RMB 80,000,000.00, unchanged from the previous period[18] - The total equity attributable to shareholders was 843,899,687.06 RMB, remaining unchanged from the previous period[28] Inventory and Receivables - Accounts receivable increased to RMB 53,089,373.67 from RMB 49,657,406.62, showing a growth of about 8.7%[17] - Inventory rose significantly to RMB 95,595,755.60 from RMB 62,382,957.21, representing an increase of approximately 53.2%[17] Business Strategy - The company plans to focus on three main business segments: superhard tools and materials, hard tools and materials, and synthetic diamonds and diamond functional materials[5] - The increase in management, sales, and R&D expenses by ¥29,169,400, or 73.08%, was attributed to the expansion of the workforce and ongoing investments in new product development[5] - The company has not reported any new product developments or market expansion strategies during this period[15] Other Financial Metrics - The basic earnings per share for Q3 2021 was ¥0.24, representing a 33.33% increase compared to the same period last year[4] - The weighted average return on equity for Q3 2021 was 2.20%, an increase of 0.49 percentage points year-on-year[4] - The company recorded other income of CNY 7,338,456.63 for the first three quarters of 2021, compared to CNY 2,603,606.75 in the same period of 2020[20]