PIESAT(SH:688066)2021-10-27 16:00Revenue and Profitability - Revenue for Q3 2021 reached ¥374,930,316.97, an increase of 87.06% year-over-year, while year-to-date revenue was ¥811,417,662.62, up 98.60% compared to the same period last year[8]. - Net profit attributable to shareholders for Q3 2021 was ¥50,613,700.89, reflecting a 61.64% increase year-over-year, with year-to-date net profit at ¥56,218,992.33, up 65.30%[8]. - The net profit excluding non-recurring gains and losses for Q3 2021 was ¥52,671,731.61, an increase of 86.43% year-over-year, while year-to-date it was ¥52,104,153.72, up 119.83%[8]. - Basic earnings per share for Q3 2021 were ¥0.30, a 57.89% increase year-over-year, and ¥0.33 year-to-date, up 65.00%[12]. - Total operating revenue for the first three quarters of 2021 reached ¥811,417,662.62, a significant increase from ¥408,562,537.14 in the same period of 2020, representing a growth of approximately 98.5%[38]. - Net profit for the third quarter of 2021 was ¥56,021,498.79, up from ¥33,899,430.11 in the same quarter of 2020, reflecting a growth of approximately 65.1%[44]. - The total comprehensive income attributable to the parent company was CNY 55,883,979.85, an increase from CNY 34,010,300.43 in the same period last year, representing a growth of approximately 64.3%[47]. - Basic earnings per share increased to CNY 0.33 from CNY 0.20, reflecting a growth of 65% year-over-year[47]. Assets and Liabilities - Total assets as of the end of Q3 2021 were ¥2,980,838,249.73, a 57.35% increase from the end of the previous year[12]. - The total assets of the company as of the end of the reporting period were ¥2,980,838,249.73, compared to ¥1,894,363,153.93 at the end of the previous year, showing a growth of approximately 57.4%[38]. - Total liabilities increased to ¥883,907,833.42 from ¥551,203,246.32, representing a rise of about 60.2%[38]. - The company's equity attributable to shareholders reached ¥2,095,363,722.34, up from ¥1,341,947,415.73, indicating an increase of approximately 56.3%[38]. - Current liabilities reached approximately $473.08 million, with short-term borrowings at $107.70 million and accounts payable at $88.57 million[54]. - Total liabilities were approximately $551.20 million, while total equity stood at about $1.34 billion[57]. - The company reported a total owner's equity of approximately $1.34 billion, with retained earnings of about $302.89 million[57]. Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥434,507,430.98 year-to-date, indicating increased expenditures due to business expansion[12]. - The company’s cash flow from operating activities improved, contributing positively to the overall financial health and future growth prospects[40]. - Cash inflow from operating activities totaled CNY 535,702,561.73, up from CNY 427,465,538.97, marking an increase of about 25.3%[50]. - Cash outflow from investing activities was CNY 1,461,039,108.17, compared to CNY 1,287,463,338.50 in the previous year, indicating an increase of approximately 13.5%[50]. - The net cash flow from financing activities was CNY 915,605,601.41, a substantial increase from CNY 46,582,250.41 in the same period last year[50]. - The ending balance of cash and cash equivalents was CNY 662,363,515.59, up from CNY 290,047,864.44, reflecting a growth of approximately 128.7%[50]. - The company received CNY 691,758,645.58 from investment, significantly higher than CNY 300,000.00 in the previous year[50]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,350, with the largest shareholder, Zhang Yan, holding 34,749,303 shares, representing 18.89% of the total[23]. - The top ten shareholders hold a combined total of 92,000,000 shares, accounting for approximately 49.25% of the total shares outstanding[23]. - The company has no pledged, marked, or frozen shares among the top shareholders[23]. - The company has not disclosed any related party transactions among the top shareholders, except for the identified concerted actions among certain individuals[26]. Research and Development - The company's R&D investment for Q3 2021 was ¥40,091,388.47, representing 10.69% of revenue, a decrease of 5.5 percentage points year-over-year[12]. - Research and development expenses for the third quarter of 2021 amounted to ¥124,654,061.97, compared to ¥88,113,501.70 in the previous year, marking an increase of about 41.5%[41]. - The company plans to continue expanding its market presence and developing new technologies, although specific future projections were not detailed in the report[30]. Inventory and Receivables - Accounts receivable increased to ¥1,046,520,756.52 from ¥701,571,547.88 year-over-year, indicating a growth of about 49%[33]. - Inventory levels rose to ¥352,624,224.18, compared to ¥181,691,183.24 at the end of 2020, marking an increase of approximately 94%[33].