Neoway(SH:688159)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥272,416,373.76, representing a year-on-year increase of 77.92%[5] - The net profit attributable to shareholders for Q3 2021 was ¥7,032,304.72, while the net profit for the year-to-date period decreased to -¥10,312,183.59[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥6,295,672.67, with a year-to-date total of -¥17,035,887.11[5] - The basic and diluted earnings per share for Q3 2021 were both ¥0.08, compared to -¥0.11 in the same period last year[6] - The net profit attributable to shareholders for the year-to-date period increased by ¥31,044,800 compared to the previous year[10] - Net profit attributable to shareholders increased by CNY 26.4765 million year-on-year[11] - Net profit excluding non-recurring gains and losses increased by CNY 32.8785 million year-to-date compared to the same period last year[11] - Basic earnings per share for the current reporting period increased due to higher profits compared to the same period last year[11] - Diluted earnings per share for the year-to-date period increased due to higher profits compared to the same period last year[11] Research and Development - The total R&D investment for Q3 2021 was ¥19,262,284.64, a decrease of 20.94% year-on-year, accounting for 7.07% of operating revenue[6] - Research and development expenses for the first three quarters of 2021 were RMB 53,579,355.47, down 17.2% from RMB 64,645,814.16 in the previous year, indicating a potential shift in investment strategy[23] - The company continues to focus on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[34] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥1,466,078,682.38, reflecting a 12.97% increase from the end of the previous year[6] - Total assets as of September 30, 2021, were RMB 1,466,078,682.38, compared to RMB 1,297,753,616.75 at the end of 2020, marking an increase of 13%[19] - Total liabilities increased to RMB 633,679,542.67 from RMB 454,899,194.77, representing a rise of 39.4%[20] - The company’s total equity as of September 30, 2021, was RMB 832,399,139.71, a decrease from RMB 842,854,421.98 at the end of 2020, reflecting a decline in retained earnings[20] - The company reported a significant increase in non-current liabilities, primarily due to the recognition of lease liabilities[33] Cash Flow - The company reported a cash flow from operating activities of -¥86,079,881.30 for the year-to-date period[6] - Cash flow from operating activities for the first nine months of 2021 was -86,079,881.30 RMB, an improvement from -134,277,624.08 RMB in the same period of 2020[28] - The company reported a total cash outflow from operating activities of 793,914,231.82 RMB in the first nine months of 2021, compared to 579,145,281.35 RMB in the same period of 2020[28] - Total cash inflow from investment activities in the first nine months of 2021 was 960,975,069.68 RMB, compared to 952,061,111.77 RMB in the previous year, reflecting a slight increase of 0.96%[29] - Cash flow from financing activities in the first nine months of 2021 was 544,654.00 RMB, a decrease from 429,978,047.30 RMB in the same period of 2020[29] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 6,228[14] - The largest shareholder, Shenzhen Jisri Investment Development Co., Ltd., holds 21,641,000 shares, accounting for 23.61% of total shares[14] - The second-largest shareholder, Shenzhen Fangzhixing Investment Co., Ltd., holds 9,523,450 shares, accounting for 10.39% of total shares[15] - The third-largest shareholder, Shenzhen Fangzhixing Investment Partnership (Limited Partnership), holds 7,505,200 shares, accounting for 8.19% of total shares[15] - The company has established employee stock ownership platforms through various investment entities[16] Profitability and Cost Analysis - The company's gross profit margin decreased, with operating costs rising faster than revenue growth, indicating potential pressure on profitability[23] - The company reported a net loss of RMB 4,714,359.58 in credit impairment losses for the first three quarters of 2021, an improvement from a loss of RMB 6,423,501.02 in the same period of 2020[23] - The total operating profit for Q3 2021 was -10,713,144.63 RMB, significantly better than -48,084,158.37 RMB in the same quarter last year, indicating a 77.7% reduction in losses[24] - The net profit for Q3 2021 was -10,554,222.19 RMB, compared to -41,356,972.20 RMB in Q3 2020, showing an improvement of approximately 74.5% year-over-year[24]