SQM(SH:688138)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥159,460,260.50, representing a year-on-year increase of 30.83%[5] - The net profit attributable to shareholders decreased by 55.47% to ¥10,262,917.05 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 60.68% to ¥7,629,557.61 in Q3 2021[5] - The basic earnings per share for Q3 2021 was ¥0.04, down 55.56% year-on-year[6] - Net profit for the third quarter of 2021 was ¥30,966,965.36, a decrease of 50.5% compared to ¥62,548,470.42 in the same quarter of 2020[25] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.12, down from ¥0.23 in the same period of 2020[26] Research and Development - Research and development expenses totaled ¥10,723,606.39 in Q3 2021, an increase of 59.07% compared to the same period last year[6] - The company plans to continue increasing investment in new product and technology development, as indicated by the significant rise in R&D spending[12] - Research and development expenses for the first three quarters of 2021 were ¥28,357,855.80, up 65.5% from ¥17,127,953.94 in the same period of 2020[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,525,414,209.92, reflecting a 7.04% increase from the end of the previous year[6] - Current assets totaled CNY 422,394,891.04, down from CNY 471,433,383.35 year-over-year[20] - Accounts receivable increased to CNY 162,041,797.59 from CNY 101,645,607.64, reflecting a growth of approximately 59.3%[20] - Inventory rose to CNY 87,933,961.05, compared to CNY 60,393,736.81, indicating a growth of about 45.7%[20] - Fixed assets increased significantly to CNY 874,760,427.34 from CNY 458,859,010.17, representing a growth of approximately 90.5%[20] - The company's total liabilities increased to ¥340,221,557.89 in Q3 2021, compared to ¥246,828,636.18 in Q3 2020, reflecting a growth of 37.7%[22] - Non-current liabilities totaled ¥163,231,045.75 in Q3 2021, significantly higher than ¥71,398,747.80 in Q3 2020, marking an increase of 128.5%[22] - The company's total equity reached ¥1,185,192,652.03 in Q3 2021, compared to ¥1,178,237,686.67 in Q3 2020, showing a modest increase of 0.6%[22] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥155,238,992.44, showing an increase of 11.57%[6] - In the first three quarters of 2021, the cash inflow from operating activities was CNY 459,572,572.67, a slight decrease of 2.9% compared to CNY 472,993,352.33 in the same period of 2020[28] - The net cash flow from operating activities increased to CNY 155,238,992.44, up 11.5% from CNY 139,144,599.33 year-over-year[28] - Cash outflow for purchasing goods and services was CNY 216,355,116.57, down from CNY 247,681,546.18 in the previous year, indicating a reduction of 12.6%[28] - The total cash outflow from investing activities was CNY 272,128,078.85, significantly higher than CNY 158,167,129.72 in the same period last year, reflecting an increase of 72.0%[29] - The net cash flow from investing activities was negative at CNY -272,118,746.24, worsening from CNY -158,167,129.72 year-over-year[29] - Cash inflow from financing activities amounted to CNY 82,446,582.72, with a net cash flow of CNY 54,671,861.94, compared to a negative cash flow of CNY -66,869,033.24 in the previous year[29] - The ending cash and cash equivalents balance was CNY 155,070,271.36, down from CNY 226,877,406.69 at the end of the previous year, a decrease of 31.6%[29] Shareholder Structure and Employee Compensation - The company has a significant shareholder structure, with the largest shareholder holding 36.97% of shares[15] - The company is actively involved in employee stock ownership plans, indicating a strategy to align employee interests with company performance[17] - Employee compensation payments increased to CNY 49,826,580.67, up from CNY 45,408,855.05, reflecting an increase of 9.0%[28] Other Observations - The subsidiary Hefei QY Optoelectronics reported an operating revenue of ¥30,816,600, but incurred a loss of ¥10,537,600, which increased the loss by nearly ¥9 million compared to the same period last year[7] - The company has not disclosed any significant new product developments or market expansions in the provided data[18] - Total operating revenue for the first three quarters of 2021 reached ¥387,033,323.99, a slight increase of 1.1% compared to ¥383,202,937.71 in the same period of 2020[24] - Total operating costs for the first three quarters of 2021 were ¥353,570,827.98, up 11.7% from ¥316,541,754.51 in the previous year[24] - The financial expenses for the third quarter of 2021 were ¥2,865,486.57, compared to a gain of ¥203,859.59 in the same quarter of 2020[25] - The company reported a significant increase in accounts payable, which rose to ¥104,509,737.62 in Q3 2021 from ¥122,507,229.46 in Q3 2020[22] - The company received tax refunds amounting to CNY 86,690,468.52, a significant increase from CNY 5,213,275.04 in the same period last year[28] - The impact of exchange rate changes on cash and cash equivalents was a decrease of CNY -870,361.03, compared to a decrease of CNY -2,792,396.27 in the previous year[29]