3PEAK(SH:688536)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥406,259,729.17, representing a year-over-year increase of 165.36%[2] - Net profit attributable to shareholders for Q3 2021 was ¥156,953,440.87, a significant increase of 285.29% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥139,554,953.30, up 252.28% year-over-year[2] - Total revenue for the first three quarters of 2021 reached ¥891,011,260.15, a significant increase from ¥455,013,362.93 in the same period of 2020, representing a growth of approximately 96%[16] - Net profit for the third quarter was ¥311,717,376.88, up from ¥162,812,079.70 in the same quarter of 2020, reflecting a growth of approximately 91%[18] - The total comprehensive income attributable to the parent company reached ¥314,379,987.63, compared to ¥162,737,740.59 in the same period last year, reflecting a significant increase[19] - Basic earnings per share increased to ¥3.90 from ¥2.71 year-over-year, indicating strong profitability growth[19] Research and Development - Research and development (R&D) expenses totaled ¥80,708,375.18 in Q3 2021, reflecting a year-over-year increase of 131.91%[3] - R&D expenses accounted for 19.87% of revenue in Q3 2021, a decrease of 2.87 percentage points compared to the previous year[3] - Research and development expenses for the third quarter totaled ¥196,888,418.62, compared to ¥87,940,971.42 in the previous year, marking an increase of around 124%[17] Assets and Liabilities - The company's total assets as of the end of Q3 2021 were ¥3,135,804,339.95, an increase of 17.70% from the end of the previous year[3] - Total assets as of the end of the reporting period were ¥3,135,804,339.95, up from ¥2,664,233,860.30, representing a growth of approximately 17.6%[15] - Total liabilities increased to ¥176,294,720.23 from ¥90,476,704.40, indicating a growth of about 95%[15] - The company's equity attributable to shareholders rose to ¥2,959,509,619.72, compared to ¥2,573,757,155.90, reflecting an increase of approximately 15%[15] Cash Flow - The company’s cash flow from operating activities showed a significant decline of 87.33% year-to-date, primarily due to increased prepayments to suppliers and higher employee compensation[8] - Cash inflow from operating activities totaled ¥815,160,768.53, up from ¥470,462,412.40 in the previous year, representing a year-over-year increase of approximately 73.1%[20] - The net cash flow from operating activities was ¥19,613,747.74, a decrease from ¥154,764,069.88 in the same period last year[21] - The total operating cash outflow was ¥795,547,020.79, significantly higher than ¥315,698,342.52 in the previous year, indicating increased operational costs[21] Shareholder Information - Total number of common shareholders at the end of the reporting period was 4,346, with the top ten shareholders holding a combined 56.82% of shares[9] - The top shareholder, Shanghai Huaxin Venture Capital, holds 18.55% of shares, indicating a strong influence on company decisions[9] - The company has no pledged, marked, or frozen shares, suggesting a stable ownership structure[9] - The total number of preferred shareholders with restored voting rights was reported as zero, indicating no changes in this area[9] Strategic Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16] - The company has not disclosed any significant new strategies or product developments in the current reporting period[12] Other Financial Metrics - The gross profit margin for the company was 60.99% for the first three quarters of 2021[4] - Operating costs for the third quarter amounted to ¥631,004,832.98, compared to ¥295,610,615.28 in the previous year, indicating an increase of about 113%[17] - Deferred income for the third quarter was reported at ¥3,757,079.44, down from ¥4,908,122.66, indicating a decrease of about 23%[15] - The company reported cash and cash equivalents of approximately ¥297.27 million, a decrease from ¥1.50 billion at the end of 2020, indicating a significant reduction in liquidity[13] - The total current assets increased to approximately ¥2.93 billion from ¥2.63 billion year-over-year, driven by a rise in trading financial assets[13] - Accounts receivable rose to approximately ¥280.39 million, up from ¥75.72 million, reflecting increased sales activity[13] - Inventory levels increased to approximately ¥122.74 million, compared to ¥71.07 million, indicating a buildup of stock[13]