RSIT(SH:688215)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥28,997,961.04, a decrease of 18.96% compared to the same period last year[4] - The net profit attributable to shareholders was -¥4,531,488.02, reflecting a decline of 415.74% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,679,739.06, down 379.19% compared to the previous year[4] - The basic earnings per share for the period was -¥0.11, a decrease of 382.94% year-on-year[5] - The net profit for Q3 2021 was CNY 7,691,611.38, a decrease from CNY 19,489,595.97 in Q3 2020, representing a decline of approximately 60.5%[22] - The total operating income for the first nine months of 2021 was CNY 107,246,367.04, down from CNY 119,673,261.30 in the same period of 2020, indicating a decrease of about 10.5%[25] - The company reported a total comprehensive income of CNY 7,691,611.38 for Q3 2021, down from CNY 19,489,595.97 in Q3 2020, reflecting a decline of approximately 60.5%[23] - The basic and diluted earnings per share for Q3 2021 were both CNY 0.21, compared to CNY 0.62 in Q3 2020, a decrease of about 66.1%[23] Cash Flow and Liquidity - The company reported a cash flow from operating activities of -¥24,083,515.04 for the year-to-date, a decrease of 487.40% compared to the previous year[4] - The net cash flow from operating activities for Q3 2021 was -CNY 24,083,515.04, compared to a positive cash flow of CNY 6,216,631.18 in Q3 2020[26] - The net cash flow from investing activities for Q3 2021 was -CNY 162,155,702.83, compared to -CNY 6,405,887.86 in Q3 2020, indicating a significant increase in cash outflow[26] - The net cash flow from financing activities for Q3 2021 was CNY 18,197,959.73, a decrease from CNY 293,814,682.89 in Q3 2020, reflecting a decline of approximately 93.8%[27] - The company's cash and cash equivalents decreased from 243.64 million RMB at the end of 2020 to 76.31 million RMB as of September 30, 2021[17] - The cash and cash equivalents at the end of Q3 2021 were CNY 75,588,213.34, significantly lower than CNY 318,572,427.90 at the end of Q3 2020, a decrease of approximately 76.3%[27] Assets and Liabilities - The total assets of the company increased by 7.38% to ¥563,113,831.47 compared to the end of the previous year[5] - The total assets of the company as of the third quarter of 2021 amounted to ¥563,113,831.47, up from ¥524,389,178.15 at the end of the previous year, reflecting a growth of approximately 7.3%[19] - Total liabilities increased to ¥127,127,451.72 in the third quarter of 2021, compared to ¥90,088,409.79 in the same period last year, marking a rise of about 41.1%[19] - Current liabilities reached 88,738,409.79, while total liabilities were 90,088,409.79[30] - The company reported a long-term liability of 1,350,000.00, which includes lease liabilities of 789,566.27[30] - The total non-current assets reached ¥218,522,430.64, significantly higher than ¥120,547,012.32 from the previous year, indicating strong investment in long-term growth[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 3,433[13] - The largest shareholder, Yuan Feng, holds 15,825,797 shares, representing 39.52% of the total shares[13] - The company's equity attributable to shareholders was ¥432,795,639.81, slightly up from ¥430,555,163.27, reflecting stable shareholder confidence[19] - Shareholders' equity totaled 434,300,768.36, with equity attributable to the parent company at 430,555,163.27[30] Research and Development - Research and development expenses totaled ¥5,609,774.75, an increase of 18.57% year-on-year, accounting for 19.35% of operating revenue[5] - Research and development expenses for the first three quarters of 2021 were ¥13,230,314.77, compared to ¥11,985,991.84 in the previous year, showing an increase of approximately 10.4%[21] Operational Challenges - The company experienced increased costs due to rising prices of key raw materials, leading to a decrease in gross margin[10] - Government subsidies received during the reporting period were significantly lower compared to the previous year, impacting overall profitability[10] - The net profit attributable to shareholders, excluding non-recurring gains and losses, for the current reporting period is -379.19 million RMB, primarily due to a decrease in revenue recognition and an increase in unit costs from rising raw material prices such as aluminum profiles and chips[11] - The net cash flow from operating activities for the year-to-date period is -487.40 million RMB, attributed to increased cash payments for inventory and a significant decrease in government subsidies received compared to the same period last year[11] Inventory and Receivables - Inventory increased significantly from 29.86 million RMB at the end of 2020 to 60.47 million RMB by September 30, 2021[17] - Accounts receivable rose to 116.20 million RMB from 106.45 million RMB year-over-year[17] - The company has seen a notable increase in prepayments, which rose to 15.39 million RMB from 3.33 million RMB at the end of 2020[17]