IECHO(SH:688092)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥85,363,643.87, representing a 30.95% increase compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥19,907,779.80, reflecting a 50.08% year-on-year growth[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥19,374,303.29, up 72.00% from the previous year[5]. - Total revenue for the first three quarters of 2021 reached ¥226,322,093.82, up from ¥150,065,624.51 in the same period of 2020, representing a growth of approximately 50.8%[22]. - Operating profit for the third quarter was ¥49,030,344.44, compared to ¥32,355,506.24 in the previous year, indicating an increase of about 51.5%[24]. - Net profit for the third quarter was ¥43,178,611.26, up from ¥30,803,766.57 in the same quarter of 2020, reflecting a growth of approximately 40.0%[24]. - The total comprehensive income for the third quarter of 2021 was CNY 43,178,611.26, an increase from CNY 30,803,766.57 in the same period of 2020, representing a growth of approximately 40%[25]. - Basic and diluted earnings per share for the third quarter were CNY 0.80, up from CNY 0.69 in the previous year, indicating an increase of about 15.9%[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥610,959,131.42, an increase of 82.25% compared to the end of the previous year[6]. - Total liabilities rose to ¥101,120,856.66, compared to ¥88,440,175.04 in the previous year, an increase of approximately 14.5%[21]. - The total equity attributable to shareholders rose to ¥509,838,274.76 from ¥246,789,633.29, marking an increase of about 106.5%[22]. - The company's capital reserve increased significantly to ¥280,366,012.36 from ¥60,534,090.54, indicating a growth of approximately 362.0%[21]. - Accounts receivable increased to ¥46,315,496.11 from ¥43,641,247.87, showing a growth of about 6.1%[20]. - Inventory surged to ¥120,037,585.49, up from ¥58,218,733.83, representing an increase of approximately 106.4%[20]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥5,932,161.26, indicating a decline of 117.42% compared to the previous year[6]. - Cash inflow from operating activities totaled CNY 269,969,161.81, compared to CNY 175,925,280.14 in the same period last year, reflecting a growth of approximately 53.5%[28]. - Cash outflow from operating activities was CNY 275,901,323.07, up from CNY 141,866,016.35, resulting in a net cash flow from operating activities of -CNY 5,932,161.26, a decline from CNY 34,059,263.79 in the previous year[28]. - Cash inflow from investment activities was CNY 127,019,841.76, compared to CNY 104,750,009.94 in the previous year, showing an increase of about 21.2%[29]. - Cash outflow from investment activities was CNY 264,482,800.61, significantly higher than CNY 141,048,379.59 in the previous year, leading to a net cash flow from investment activities of -CNY 137,462,958.85, worsening from -CNY 36,298,369.65[29]. - Cash inflow from financing activities was CNY 255,192,588.18, a substantial increase from CNY 16,507,911.00 in the previous year[29]. - The net cash flow from financing activities was CNY 220,926,100.08, compared to -CNY 20,089,106.81 in the same period last year, indicating a significant turnaround[29]. - The ending cash and cash equivalents balance was CNY 133,627,862.12, up from CNY 80,472,978.09 in the previous year, representing an increase of approximately 66%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 3,455[13]. - The largest shareholder, Hangzhou Aike Computer Technology Co., Ltd., holds 21,892,000 shares, accounting for 37.01% of the total shares[13]. - The total number of shares held by the top ten unrestricted shareholders includes significant stakes from various investment entities[14]. - The report indicates that four of the top ten unrestricted shareholders are involved in margin trading[16]. - The company aims to align the interests of shareholders, the company, and core team members through the incentive plan[17]. - The company has approved a restricted stock incentive plan, granting 685,000 shares at a price of ¥21.53 per share to 69 eligible participants[17]. Research and Development - The company's R&D expenditure for Q3 2021 was ¥6,039,403.79, accounting for 7.07% of operating revenue, a decrease of 0.48 percentage points from the previous year[6]. - Research and development expenses for the first three quarters were ¥19,458,229.59, compared to ¥14,048,659.54 in the same period of 2020, reflecting a growth of about 38.0%[22]. - The company plans to continue expanding its market presence and investing in R&D to support growth[10]. - The report highlights the importance of attracting and retaining talent to ensure long-term development and achievement of business goals[17]. Production and Market Demand - The company experienced a significant increase in production capacity, leading to sustained global market demand for its products[10]. - The increase in operating revenue and net profit was attributed to a decrease in expense ratios[10]. Audit and Reporting - The company has not provided an audited financial statement for the quarter ending September 30, 2021[18]. - The company did not report any net profit from subsidiaries prior to consolidation, with both periods showing a net profit of CNY 0[25].