MZT(SH:688355)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥157,469,336.91, a decrease of 4.99% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥17,468,064.80, down 35.50% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,733,273.65, a decline of 56.51% compared to the previous year[5] - The net profit attributable to shareholders for the year-to-date was ¥65,112,481.16, down 18.57% compared to the same period last year[5] - Net profit for the third quarter of 2021 was ¥65,112,481.16, a decrease of 18.7% compared to ¥79,956,669.21 in the same quarter of 2020[21] - Basic earnings per share for the third quarter of 2021 were ¥0.60, down from ¥0.87 in the same quarter of 2020, indicating a decline of approximately 30.8%[22] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,317,411,318.73, an increase of 68.13% from the end of the previous year[6] - The company's total assets reached ¥1,317,411,318.73, compared to ¥783,582,978.40 at the end of 2020[18] - The company's total liabilities decreased to ¥302,976,643.57 from ¥329,508,995.12, reflecting a reduction of approximately 8.0%[20] - Total liabilities amounted to approximately $329.51 million, with current liabilities at $304.09 million and non-current liabilities at $25.42 million[30] - Long-term borrowings stood at $20.87 million, reflecting the company's financing strategy[30] Equity and Shareholder Information - The total equity attributable to shareholders increased significantly to ¥1,014,434,675.16 from ¥454,073,983.28, marking an increase of about 123.5%[20] - Total number of common shareholders at the end of the reporting period is 6,126[13] - The top two shareholders, Wu Qinfang and Qiu He, each hold 42,386,358 shares, representing 34.44% of the total shares[13] - The total equity attributable to shareholders reached approximately $454.07 million, with retained earnings of $145.74 million[31] Research and Development - Research and development expenses for Q3 2021 amounted to ¥8,611,304.46, representing an increase of 46.93% year-on-year[6] - The proportion of R&D expenses to operating revenue increased to 5.47%, up 1.93 percentage points year-on-year[6] - Research and development expenses for the first three quarters of 2021 amounted to ¥23,552,267.15, compared to ¥18,358,759.36 in the previous year, representing a rise of approximately 28.5%[20] Cash Flow - The company reported a cash flow from operating activities of ¥79,316,856.76 for the year-to-date, reflecting a 36.13% increase[6] - The cash inflow from operating activities in the first three quarters of 2021 was approximately ¥554.34 million, an increase of 27.1% compared to ¥436.06 million in the same period of 2020[25] - The net cash flow from operating activities for the first three quarters of 2021 was ¥79.32 million, compared to ¥58.27 million in the same period of 2020[25] - The cash outflow from investment activities in the first three quarters of 2021 was ¥531.85 million, significantly higher than ¥14.07 million in the same period of 2020[26] - The net cash flow from investment activities was -¥528.14 million in the first three quarters of 2021, compared to -¥13.81 million in the same period of 2020[26] - The cash inflow from financing activities in the first three quarters of 2021 was ¥505.75 million, compared to ¥104.95 million in the same period of 2020[26] - The net cash flow from financing activities was ¥465.44 million in the first three quarters of 2021, a significant improvement from -¥48.33 million in the same period of 2020[26] Inventory and Current Assets - Inventory as of September 30, 2021, is ¥186,793,646.63, up from ¥159,430,445.45 in the previous year[18] - Total current assets increased to ¥1,090,944,470.18 from ¥566,756,248.73 year-over-year[18] - The company’s inventory as of the third quarter of 2021 was approximately ¥159.43 million[29] - The company’s accounts receivable as of the third quarter of 2021 was approximately ¥116.94 million[29] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24] - The company has not disclosed any significant new product developments or market expansion strategies in the current report[16]