Qingdao Gaoce(SH:688556)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥377,011,461.77, representing a year-over-year increase of 151.02%[5] - Net profit attributable to shareholders for Q3 2021 was ¥38,479,910.04, a significant increase of 367.49% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥972,711,141.06, a significant increase from ¥506,873,536.67 in the same period of 2020, representing an increase of approximately 92%[37] - Net profit for the third quarter of 2021 was ¥111,526,542.80, up from ¥40,228,159.99 in the same quarter of 2020, indicating an increase of approximately 177%[42] - The company has shown a strong growth trajectory, with a total profit of ¥119,693,703.01 for the third quarter of 2021, compared to ¥38,065,853.96 in the same quarter of 2020, representing an increase of approximately 214%[42] Earnings and Shareholder Metrics - The basic earnings per share for Q3 2021 was ¥0.24, an increase of 380.00% compared to the same period last year[8] - Basic earnings per share for the third quarter of 2021 were ¥0.69, compared to ¥0.31 in the same quarter of 2020, showing a growth of 122%[42] - The total equity attributable to shareholders reached ¥1,088,183,388.97, up from ¥984,399,169.51 in the previous year, reflecting an increase of about 10.6%[37] - Total number of common shareholders at the end of the reporting period was 6,852[20] - The largest shareholder, Zhang Xu, holds 41,485,950 shares, representing 25.63% of total shares[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,763,608,600.09, reflecting a 44.00% increase from the end of the previous year[8] - Total liabilities increased to ¥1,200,000,000, reflecting a rise from the previous year[32] - The total liabilities increased to ¥1,675,425,211.12 in 2021 from ¥934,817,545.94 in 2020, marking an increase of approximately 79%[35] - The company reported a significant increase in non-current assets, totaling ¥719,003,915.59, up from ¥379,644,272.94, a growth of 89.6%[32] - The total assets of the company are approximately 1.92 billion, showing a decrease of about 3.47% from the previous period[57] Cash Flow and Investments - The company reported a net cash flow from operating activities of ¥4,750,416.18 year-to-date, which is a decline of 86.83% compared to the previous year[5] - Cash inflow from operating activities totaled $618,087,727.09, an increase from $526,828,578.10 in the previous period, reflecting a growth of approximately 17.3%[47] - Cash outflow from operating activities was $613,337,310.91, compared to $490,749,176.22 in the prior period, indicating a rise of about 24.9%[47] - Cash inflow from investing activities reached $1,162,458,470.35, significantly up from $80,035,777.78, marking an increase of around 1350.5%[49] - Net cash flow from investing activities was $185,228,413.79, a turnaround from a negative cash flow of $200,285,306.53 in the prior period[49] Research and Development - Research and development expenses totaled ¥28,887,503.77 for the quarter, accounting for 7.66% of revenue, a decrease of 7.51 percentage points year-over-year[8] - Research and development expenses for the first three quarters of 2021 amounted to ¥77,206,056.63, compared to ¥59,195,260.58 in 2020, indicating an increase of approximately 30%[37] Market Outlook and Strategy - The company attributed the revenue growth to increased orders and sales in the photovoltaic equipment sector due to improved industry conditions[16] - The company plans to continue investing in innovation and expanding its market presence in the photovoltaic industry[16]