明冠新材(688560) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥344,635,293.47, representing a year-on-year increase of 27.85%[5] - The net profit attributable to shareholders for the same period was ¥32,222,239.67, reflecting a growth of 6.46% compared to the previous year[5] - The company reported a year-to-date net profit attributable to shareholders of ¥87,506,759.59, which is a 10.32% increase year-on-year[5] - Net profit for the third quarter of 2021 was ¥87,506,759.59, representing a 10.0% increase from ¥79,317,925.99 in the same quarter of 2020[24] - The basic earnings per share for Q3 2021 was ¥0.20, down 16.67% compared to the same period last year[6] - Earnings per share for the third quarter of 2021 were ¥0.53, down from ¥0.64 in the same quarter of 2020[25] - The company reported a total comprehensive income of ¥87,861,098.38 for the third quarter of 2021, compared to ¥79,223,264.24 in the same quarter of 2020, an increase of 10.8%[25] Research and Development - Research and development expenses totaled ¥13,905,443.63 in Q3 2021, an increase of 51.89% year-on-year, driven by new project investments in aluminum-plastic films and gel films[11] - The proportion of R&D expenses to operating revenue was 4.03% for Q3 2021, up from 3.91% in the previous year[6] - Research and development expenses for the first three quarters of 2021 totaled ¥37,554,422.81, compared to ¥22,193,631.39 in 2020, indicating a 68.9% increase[24] Assets and Liabilities - The total assets of the company reached ¥1,889,192,584.80, marking an 8.64% increase from the end of the previous year[6] - As of September 30, 2021, total assets amounted to ¥1,889,192,584.80, an increase from ¥1,739,023,376.06 in the previous year[19] - Current assets totaled ¥1,527,606,963.31, compared to ¥1,450,304,899.26 in the same period last year, reflecting a growth of approximately 5.4%[18] - Total liabilities reached ¥508,397,824.78, compared to ¥413,272,167.22 in the previous year, marking an increase of about 23.1%[19] - The company has a significant amount of receivables financing, which increased to ¥389,163,798.45 from ¥102,239,270.80, showing a growth of approximately 281.5%[18] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥283,254,084.75, indicating a significant decrease due to increased receivables and higher procurement costs[6][11] - Cash flow from operating activities for the first three quarters of 2021 was ¥572,817,333.37, an increase from ¥453,038,220.54 in 2020, marking a 26.5% rise[27] - The net cash flow from operating activities was -283,254,084.75, a significant decrease compared to 32,188,406.89 in the previous period[28] - Total cash inflow from investment activities was 305,634,387.72, while cash outflow was 391,257,153.56, resulting in a net cash flow of -85,622,765.84[28] - Cash inflow from financing activities totaled 1,000,000.00, with cash outflow amounting to 62,027,806.87, leading to a net cash flow of -61,027,806.87[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,109[13] - The company has a total of 51,000,000 shares held by the largest shareholder, accounting for 31.08% of the total shares[14] Inventory and Receivables - Accounts receivable increased to ¥437,529,638.92 from ¥408,711,463.55, representing a rise of about 7.4% year-over-year[18] - Inventory levels rose significantly to ¥253,447,724.16, up from ¥108,733,234.26, indicating a substantial increase of approximately 133.3%[18] Tax and Expenses - The company experienced a decrease in tax expenses, with income tax expenses for the third quarter of 2021 at ¥9,328,561.86, down from ¥11,620,196.64 in the same quarter of 2020[24] - Payments to employees increased to 51,440,805.23 from 33,412,052.48 in the previous period[28]