亿华通(688339) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥255,712,801.34, representing a year-on-year increase of 146.08%[8] - The net profit attributable to shareholders for Q3 2021 was -¥53,302,561.76, a decrease of 2,142.47% compared to the same period last year[8] - The basic earnings per share for Q3 2021 was -¥0.75, a decrease of 1,795.13% compared to the same period last year[11] - The company reported a significant increase in operating revenue for the first three quarters of 2021, with a year-on-year growth of 189.26%[14] - Total operating revenue for the first three quarters of 2021 reached ¥373,486,514.80, a significant increase from ¥129,118,728.15 in the same period of 2020, representing a growth of approximately 189%[34] - Net profit for the first three quarters of 2021 was a loss of ¥96,621,209.43, worsening from a loss of ¥75,826,366.83 in the same period of 2020[36] - The total profit for the first three quarters of 2021 was a loss of ¥118,715,532.10, compared to a loss of ¥90,996,561.33 in the same period of 2020[36] Research and Development - The total R&D investment in Q3 2021 was ¥37,618,864.40, an increase of 20.36% year-on-year, accounting for 14.71% of operating revenue[11] - Research and development expenses increased to ¥58,887,959.64 in 2021 from ¥48,254,218.13 in 2020, reflecting a rise of approximately 22%[34] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥3,361,004,471.97, reflecting a 10.29% increase from the end of the previous year[11] - The total equity attributable to shareholders at the end of Q3 2021 was ¥2,459,962,617.95, an increase of 8.16% from the previous year[11] - As of September 30, 2021, total current assets amounted to RMB 2,188,357,458.60, a decrease from RMB 2,318,442,440.55 as of December 31, 2020, reflecting a decline of approximately 5.63%[24] - The company's total equity rose to RMB 2,574,031,665.91 from RMB 2,421,750,764.20, an increase of about 6.29%[30] - Total liabilities increased to RMB 786,972,806.06 from RMB 625,758,807.28, reflecting an increase of approximately 25.73%[30] - The company's total assets increased to RMB 3,361,004,471.97 from RMB 3,047,509,571.48, reflecting an increase of about 10.27%[28] Cash Flow - The cash flow from operating activities for the year-to-date was -¥182,357,541.87, indicating a negative cash flow situation[11] - Operating cash inflows totaled $304,046,458.94, a significant increase from $152,798,737.43 in the previous period, reflecting a growth of approximately 99%[43] - Operating cash outflows amounted to $486,404,000.81, up from $345,551,167.88, indicating a rise of about 41%[43] - The net cash flow from operating activities was -$182,357,541.87, slightly improved from -$192,752,430.45 in the prior period[43] - Cash inflows from investment activities were $51,543,622.07, down from $75,890,509.82, representing a decrease of approximately 32%[43] - Cash outflows from investment activities reached $477,502,016.66, significantly higher than $196,365,546.79, marking an increase of about 143%[43] - The net cash flow from investment activities was -$425,958,394.59, worsening from -$120,475,036.97 in the previous period[43] - Cash inflows from financing activities totaled $410,794,932.13, compared to $1,379,781,811.95, a decrease of approximately 70%[45] - The net cash flow from financing activities was $284,682,652.03, down from $1,324,718,173.66, indicating a decline of about 78%[45] - The ending cash and cash equivalents balance was $642,295,836.24, down from $1,213,028,147.88, reflecting a decrease of approximately 47%[45] Inventory and Receivables - Accounts receivable decreased to RMB 700,221,954.12 from RMB 843,091,107.57, a reduction of approximately 17.00%[24] - The company's inventory increased to RMB 264,051,943.82 from RMB 172,553,912.86, representing an increase of about 53.00%[24] Other Financial Metrics - The company has increased the provision for bad debts for accounts receivable based on prudence, resulting in a bad debt loss of ¥65,879,600 in the reporting period[14] - The company recorded a tax expense of ¥22,094,322.67 for the first three quarters of 2021, compared to ¥15,170,194.50 in 2020, representing an increase of approximately 46%[36] - Other comprehensive income after tax for the first three quarters of 2021 was ¥65,017,771.35, with no comparable figure provided for 2020[36] - The company reported a net investment loss of ¥7,688,536.17 for the first three quarters of 2021, an improvement from a loss of ¥8,943,645.41 in 2020[34] Company Strategy and Market Position - The company has focused on the fuel cell engine system, benefiting from the favorable development of the hydrogen fuel cell industry and the impact of the Winter Olympics[14] - The company did not report any new product developments or market expansions during this period[52]