Accotest(SH:688200)2021-10-22 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥312,795,716.80, representing a year-on-year increase of 188.08%[8] - Net profit attributable to shareholders for the same period was ¥162,765,352.54, up 243.80% compared to the previous year[8] - The net profit excluding non-recurring gains and losses was ¥175,852,415.30, reflecting a significant increase of 343.99% year-on-year[8] - Basic earnings per share for Q3 2021 were ¥2.66, an increase of 245.45% compared to the same period last year[11] - Total operating revenue for the first three quarters of 2021 reached ¥637,210,826.11, a significant increase from ¥292,632,885.33 in the same period of 2020, representing a growth of approximately 117.5%[40] - Operating profit for the third quarter of 2021 was ¥361,942,368.71, compared to ¥170,126,277.75 in the third quarter of 2020, indicating an increase of about 112.5%[42] - Net profit for the first three quarters of 2021 was ¥311,192,769.63, up from ¥136,746,066.18 in the same period of 2020, reflecting a growth of approximately 127.5%[42] - Basic earnings per share for the third quarter of 2021 was ¥5.08, compared to ¥2.37 in the third quarter of 2020, marking an increase of about 114.3%[45] Assets and Liabilities - The company's total assets as of the end of Q3 2021 amounted to ¥2,698,090,135.38, an increase of 18.86% from the end of the previous year[11] - Total liabilities as of the end of the reporting period were ¥257,720,509.57, compared to ¥135,310,944.38 at the same time last year, indicating an increase of about 90.7%[40] - The total assets of the company reached RMB 2,698,090,135.38, up from RMB 2,270,047,443.56 in the previous year[34] - The company's total liabilities include accounts payable of RMB 31,786,210.14 and contract liabilities of RMB 140,009,128.83[34] Cash Flow - The company reported a net cash flow from operating activities of ¥258,546,794.11, which is a 180.81% increase compared to the same period last year[11] - Cash flow from operating activities for the first three quarters of 2021 was ¥657,476,957.16, compared to ¥286,526,814.74 in the same period of 2020, indicating a growth of about 129.0%[46] - Net cash inflow from operating activities reached $258,546,794.11, a significant increase from $92,071,596.22 in the previous year, representing a growth of 180.5%[50] - The company reported a net cash outflow from financing activities of $46,625,702.14, contrasting with a net inflow of $1,472,058,254.82 in the same period last year[52] Research and Development - Research and development expenses totaled ¥22,919,386.34 for the quarter, accounting for 7.33% of operating revenue, a decrease of 8.76 percentage points year-on-year[11] - The company plans to continue increasing its investment in research and development to support future growth[19] - Research and development expenses for the first three quarters of 2021 totaled ¥64,396,839.20, compared to ¥38,505,925.43 in the same period of 2020, representing an increase of approximately 67.5%[40] Shareholder Information - The total equity attributable to shareholders at the end of Q3 2021 was ¥2,440,369,625.81, reflecting a year-on-year increase of 14.32%[11] - Total number of common shareholders at the end of the reporting period was 4,730[22] - The largest shareholder, Tianjin Chip Hua Investment Holding Co., Ltd., holds 18,229,556 shares, accounting for 29.72% of total shares[22] - The company has a total of 11,075,066 shares held by China Times Vision Technology Co., Ltd., representing 18.06% of total shares[22] Inventory and Current Assets - The company reported a significant increase in inventory, rising to RMB 159,453,240.94 from RMB 69,836,787.74[30] - Total current assets increased to RMB 2,211,694,724.79 from RMB 2,085,123,565.69 year-over-year[30] - The company's cash and cash equivalents as of September 30, 2021, amounted to RMB 1,095,661,066.55, an increase from RMB 766,424,420.78 in the previous year[30] Investment Activities - Total cash inflow from investment activities amounted to $2,650,362,602.77, compared to $1,569,842,563.45 in the prior year, indicating a year-over-year increase of 68.7%[50] - Cash outflow from investment activities was $2,457,891,213.39, down from $3,009,641,543.42, showing a decrease of 18.3%[50] - The net cash flow from investment activities was $192,471,389.38, a turnaround from a negative cash flow of $1,439,798,979.97 in the previous year[50] - The company reported cash inflow from investment recovery of $2,521,000,000.00, compared to $1,546,000,000.00 in the previous year, reflecting a growth of 63.0%[50]