昀冢科技(688260) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥112,784,911.43, representing a decrease of 12.67% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥8,331,683.18, a decline of 192.28% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was -¥7,898,311.91, down 194.32% from the previous year[5]. - Total operating revenue for the first three quarters of 2021 was CNY 350,076,474.20, a decrease of 11.3% compared to CNY 394,875,531.00 in the same period of 2020[22]. - Net profit for the first three quarters of 2021 was a loss of CNY 15,558,161.15, compared to a profit of CNY 37,652,509.34 in the same period of 2020[23]. - The company reported a total comprehensive income attributable to the parent company of CNY -8,416,708.73 for the third quarter of 2021, compared to CNY 43,112,220.51 in the same quarter of 2020[24]. Research and Development - Research and development expenses totaled ¥14,530,794.86, an increase of 57.11% compared to the same period last year, accounting for 12.88% of operating revenue[6]. - The company's net profit attributable to shareholders decreased to -194.32 million, reflecting a decline due to increased R&D expenses in automotive electronics and electronic ceramics[10]. - Research and development expenses rose to CNY 36,346,551.79, an increase of 45.6% from CNY 24,944,389.99 in the previous year[22]. - R&D expenses increased significantly compared to the previous year, with total R&D investment reaching 57.11 million in the current reporting period[12]. Assets and Liabilities - Total assets at the end of the reporting period were ¥851,443,737.31, an increase of 38.79% from the end of the previous year[6]. - The total assets of the company reached CNY 851,443,737.31, compared to CNY 613,476,970.38 at the end of the previous year, reflecting a growth of 38.8%[20]. - Total liabilities amounted to CNY 377,228,549.10, slightly up from CNY 375,638,520.00 in the previous year[20]. - Current liabilities reached 358,030,194.89, reflecting a decrease of 8,248,504.37[32]. Cash Flow - The company's cash flow from operating activities was -¥15,360,690.59, indicating a significant cash outflow[6]. - In the first three quarters of 2021, the company generated cash inflows from operating activities amounting to CNY 347,412,419.02, a decrease of approximately 17.2% compared to CNY 419,543,220.13 in the same period of 2020[26]. - The net cash flow from operating activities for the third quarter of 2021 was CNY -15,360,690.59, compared to CNY 81,262,951.59 in the previous year[27]. - Cash inflows from financing activities totaled CNY 398,839,830.59, with net cash flow from financing activities reaching CNY 222,792,391.91, compared to a net outflow of CNY -11,233,246.90 in the previous year[28]. Market Conditions - The global smartphone shipment volume decreased by 6% in Q3 2021 due to severe global chip shortages, impacting the company's sales[9]. - The company's main customer, Huawei, experienced a significant decline in market share due to US-China trade tensions, adversely affecting sales revenue[9]. - Increased market competition has led to a decline in average selling prices for lower-technology products, negatively impacting gross profit margins[9]. - The company is gradually shifting its product sales to other well-known smartphone manufacturers as sales to Huawei are affected by trade tensions[11]. Shareholder Information - The company reported a total of 5,802 common shareholders at the end of the reporting period[14]. - The top shareholder, Wang Bin, holds 13,183,740 shares, representing 10.99% of total shares[14]. - The second-largest shareholder, Suzhou Yun San Enterprise Management Consulting Partnership, holds 10,206,630 shares, accounting for 8.51%[14]. Inventory and Receivables - The company's accounts receivable decreased to ¥120,914,186.73 from ¥173,083,878.99 in the previous year, indicating a reduction of approximately 30.5%[17]. - Inventory levels increased to ¥87,450,512.81, up from ¥62,292,179.96, reflecting a growth of approximately 40.4%[17]. - The company's other receivables increased significantly to ¥36,361,673.46 from ¥5,427,843.75, marking a growth of approximately 570.5%[17].