InHand Networks(SH:688080)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥140,057,268.78, representing an increase of 89.27% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥58,222,939.27, a significant increase of 425.05% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥32,383,340.12, up 338.47% from the previous year[5]. - The net profit attributable to shareholders for the year-to-date period was ¥91,910,356.25, an increase of 172.18% compared to the same period last year[5]. - The net profit for Q3 2021 was CNY 95,653,159.47, a significant increase from CNY 33,802,575.05 in Q3 2020, representing a growth of approximately 183%[28]. - Operating profit for Q3 2021 reached CNY 104,870,982.22, compared to CNY 38,300,514.43 in the same period last year, indicating an increase of about 174%[28]. - The company reported a total comprehensive income of CNY 95,645,325.80 for Q3 2021, compared to CNY 32,695,666.87 in Q3 2020, marking an increase of approximately 192%[29]. - Basic and diluted earnings per share for Q3 2021 were both CNY 1.75, compared to CNY 0.68 in Q3 2020, representing an increase of approximately 157%[29]. Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥882,571,751.33, reflecting an 18.61% increase compared to the end of the previous year[6]. - As of September 30, 2021, total assets amounted to CNY 882,571,751.33, an increase from CNY 744,090,216.86 at the end of 2020, representing a growth of approximately 18.66%[21]. - Total current liabilities rose to CNY 146,858,935.17, compared to CNY 91,594,909.36 in the previous year, indicating a growth of about 60.38%[24]. - The company's equity attributable to shareholders increased to CNY 727,640,826.41 from CNY 650,276,111.21, marking an increase of approximately 11.88%[24]. - Total liabilities reached 91,994,909.36, a decrease of 5,448,917.21 from the previous period[36]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥15,261,023.71, down 57.11% compared to the previous year[6]. - The cash flow from operating activities for Q3 2021 was CNY 15,261,023.71, down from CNY 35,579,936.63 in Q3 2020, showing a decrease of about 57%[31]. - The net cash flow from investing activities for Q3 2021 was -CNY 202,843,902.40, an improvement from -CNY 252,083,071.40 in Q3 2020[32]. - Cash and cash equivalents as of September 30, 2021, were CNY 267,957,994.77, down from CNY 473,210,233.93 at the end of 2020[21]. - The total cash and cash equivalents at the end of Q3 2021 were CNY 253,375,893.29, compared to CNY 207,556,224.37 at the end of Q3 2020, indicating an increase of about 22%[32]. Shareholder Information - The company plans to grant 597,000 restricted stocks under the 2021 incentive plan, accounting for approximately 1.14% of the total share capital of 52,428,786 shares[17]. - The initial grant of 480,600 shares represents about 0.92% of the total share capital, with 80.50% of the total grant allocated for the initial grant[17]. - The company has 110 employees eligible for the initial grant, which is about 31.16% of the total workforce of 353 employees as of December 31, 2020[17]. - The company’s major shareholders include Li Ming with 10,469,870 shares (19.97%) and Li Hongyu with 4,139,130 shares (7.89%)[14]. - The top ten shareholders hold a significant portion of the company’s shares, with the largest non-restricted shareholder holding 3,788,133 shares[15]. - The company has no reported related party transactions among the top ten shareholders[16]. - The company has not engaged in margin financing or securities lending activities among the top ten shareholders[16]. - The company’s stock price for the initial grant was set at RMB 23.56 per share[17]. Operational Metrics - Research and development expenses totaled ¥11,270,432.72 for Q3 2021, accounting for 8.05% of operating revenue, a decrease of 5.03 percentage points year-over-year[6]. - The weighted average return on equity for Q3 2021 was 8.33%, an increase of 1.73 percentage points year-over-year[6]. - The company's total revenue for the first three quarters of 2021 reached CNY 338,007,194.12, up 61.54% from CNY 209,191,655.42 in the same period of 2020[27]. - Operating costs for the first three quarters of 2021 were CNY 270,511,210.93, an increase of 50.43% compared to CNY 179,856,945.09 in 2020[27]. - The net investment income for the first three quarters of 2021 was CNY 29,454,769.28, significantly higher than CNY 3,258,991.19 in the previous year[27]. Changes in Subsidiaries - The company completed the registration change for its subsidiary, reducing its stake from 51% to 28.33%, transitioning from a controlling to an associate company[19]. - The company’s subsidiary, Foshan Yisuo Intelligent Technology Co., Ltd., increased its registered capital from RMB 3.5 million to RMB 6.3 million through a capital increase of RMB 40 million[18]. - The company has waived its preemptive rights for the capital increase in its subsidiary[18].