Greenway(SH:688345)2021-10-28 16:00Financial Performance - The company's operating revenue for the third quarter reached ¥477,576,583.66, representing a year-on-year increase of 20.68%[5]. - The net profit attributable to shareholders decreased by 90.14% in the current period, amounting to ¥3,467,531.30, primarily due to significant non-recurring losses from a fire incident at a subsidiary[5][9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date period was ¥115,020,183.41, reflecting a year-on-year increase of 35.74%[6][9]. - Operating profit for the third quarter was ¥127,677,115.97, compared to ¥102,017,149.31 in the previous year, indicating an increase of about 25%[25]. - Net profit for the third quarter was ¥88,674,507.05, slightly up from ¥87,443,985.76 year-over-year, showing a marginal growth of 1.4%[25]. - Total revenue for the first three quarters of 2021 reached ¥1,499,014,020.14, a significant increase from ¥935,194,680.12 in the same period of 2020, representing a growth of approximately 60%[24]. Research and Development - Research and development (R&D) expenses totaled ¥24,220,068.18 for the current period, an increase of 57.66% compared to the same period last year, indicating a growing focus on R&D[6][9]. - The company reported a total R&D expenditure as a percentage of operating revenue of 5.07%, an increase of 1.19 percentage points compared to the previous year[6][9]. - Research and development expenses for the third quarter were ¥61,693,823.06, compared to ¥35,849,689.03 in the previous year, indicating a growth of about 72%[25]. - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[16]. Assets and Liabilities - The total assets of the company increased by 88.24% year-on-year, reaching ¥2,017,889,873.80, driven by expanded operations and increased sales orders[6][9]. - The equity attributable to shareholders rose by 153.70% year-on-year, amounting to ¥1,104,259,586.02, largely due to funds raised from the IPO and retained earnings[6][9]. - Total assets as of the end of the third quarter amounted to ¥2,017,889,873.80, compared to ¥1,071,977,342.34 at the same time last year, reflecting a growth of approximately 88%[21]. - Total liabilities increased to ¥910,594,501.25 from ¥634,970,353.22, marking a rise of about 43.5%[21]. - Current liabilities totaled CNY 631.72 million, a slight increase from CNY 639.40 million at the beginning of the year[32]. Cash Flow - The cash flow from operating activities showed a significant decline of 98.58% year-to-date, totaling ¥746,307.45, attributed to increased cash payments for goods and services[6][9]. - Cash inflow from operating activities for the first three quarters of 2021 reached approximately CNY 1.50 billion, a significant increase of 65.5% compared to CNY 907.22 million in the same period of 2020[28]. - Net cash flow from operating activities was CNY 746,307.45, a decrease of 98.6% from CNY 52.65 million in the first three quarters of 2020[28]. - Cash inflow from financing activities amounted to CNY 691.64 million, a substantial increase from CNY 42.41 million in the previous year[29]. - The ending balance of cash and cash equivalents as of the third quarter of 2021 was CNY 509.33 million, up from CNY 85.60 million at the end of the same period in 2020[29]. Incidents and Impact - The company experienced a fire incident at its wholly-owned subsidiary, Dongguan Kaide New Energy Co., Ltd., on July 20, 2021, which may impact future operations[16]. - The company has engaged in financing and securities lending activities, with 770,400 shares lent out by Dongguan Dongzheng Hongde Investment Co., Ltd.[15]. - The company has not disclosed any other significant relationships among shareholders or potential concerted actions[15]. Shareholder Information - The total number of shares held by the top ten unrestricted shareholders includes 503,297 shares held by Zhou Guohai and 470,074 shares held by China Merchants Bank Co., Ltd.[15].