Autel(SH:688208)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥588,752,696.38, representing a year-over-year increase of 23.06%[6] - The net profit attributable to shareholders for Q3 2021 was ¥111,028,711.97, showing a decrease of 30.64% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥105,864,763.10, down 19.19% year-over-year[10] - The weighted average return on equity for Q3 2021 was 4.18%, a decrease of 2.71 percentage points year-over-year[10] - The basic earnings per share for Q3 2021 were ¥0.25, down 30.64% compared to the same period last year[10] - The company's total revenue for the reporting period reached CNY 1,619,066,119.33, representing a year-on-year growth of 52.63%[20] - The net profit attributable to shareholders reached ¥932,531,151.79, up from ¥815,243,349.15, showing an increase of about 14.4%[43] - The net profit for the current period is 342,287,802.64 RMB, an increase from 319,101,047.79 RMB in the previous period, representing a growth of approximately 7.3%[46] - The total profit for the current period is 318,604,429.53 RMB, compared to 341,470,750.29 RMB in the previous period, indicating a decrease of about 6.7%[46] - The operating profit for the current period is 318,198,763.99 RMB, down from 341,454,132.34 RMB in the previous period, reflecting a decline of approximately 6.8%[46] Research and Development - Research and development expenses totaled ¥140,976,681.40 in Q3 2021, an increase of 89.56% compared to the same period last year, accounting for 23.94% of operating revenue[10] - The total R&D investment for the reporting period was CNY 89.56 million, reflecting increased focus on new energy products and ADAS systems[20] - Research and development expenses surged to ¥339,430,140.66, compared to ¥178,999,293.65 in the previous year, reflecting an increase of approximately 89.5%[43] Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥83,389,110.05 for the year-to-date period, a decline of 117.67% year-over-year[10] - The company achieved a significant increase in cash and cash equivalents, totaling CNY 1,017,168,522.34 as of September 30, 2021[35] - The cash flow from operating activities for the current period is -83,389,110.05 RMB, a significant decrease compared to 471,933,474.33 RMB in the previous period[52] - The cash inflow from investment activities is 1,302,323,057.61 RMB, an increase from 948,916,433.13 RMB in the previous period[52] - The net increase in cash and cash equivalents was ¥100,806,439.46, compared to a substantial increase of ¥890,951,464.46 in the previous period[55] - Total current assets amounted to ¥2,632,347,576.91, reflecting a slight increase from ¥2,632,150,458.61[57] - The company reported cash and cash equivalents at the end of the period of ¥925,338,573.05, down from ¥1,214,550,213.50[55] Market Performance - North America market revenue increased by 64.12% year-on-year, driven by rapid growth in software cloud services and ADAS products[20] - Europe market revenue also grew by 64.10% year-on-year, primarily due to strong sales of automotive diagnostic products[21] - Revenue from the domestic Chinese market rose by 37.95% year-on-year, mainly attributed to the rapid growth of TPMS products[21] - The total revenue from other regions grew by 34.99% year-on-year, supported by the strong performance of automotive diagnostic products[21] Liabilities and Equity - Total liabilities increased to ¥1,288,744,200.20 from ¥642,005,292.79, which is an increase of approximately 100.5%[41] - The total equity attributable to shareholders increased to ¥2,728,032,012.34 from ¥2,533,000,988.67, reflecting a growth of approximately 7.7%[43] - The company’s total equity remained stable at ¥450,000,000.00, unchanged from the previous period[59] - The total equity (or shareholders' equity) remained consistent at approximately ¥2.53 billion[63] Other Comprehensive Income - The company reported a decrease in other comprehensive income to -¥9,250,450.41 from -¥15,003,096.39, indicating an improvement in this area[43] - Other comprehensive income after tax for the current period is 5,752,645.98 RMB, a recovery from -4,299,123.19 RMB in the previous period[48] Future Outlook - The company attributed the decline in net profit to increased R&D investments, rising international shipping costs, and stock incentive expenses[18] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20]