力源科技(688565) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥45,302,092.31, a decrease of 71.50% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥7,084,316.94, down 75.29% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,164,896.94, a decrease of 74.65% compared to the previous year[5] - The basic earnings per share for Q3 2021 was ¥0.07, reflecting an 80.56% decline from the same period last year[6] - Total operating revenue for the first three quarters of 2021 was CNY 160,180,309.97, a decrease of 8.8% compared to CNY 175,667,263.01 in the same period of 2020[20] - Net profit for the first three quarters of 2021 was CNY 18,849,819.51, a decline of 8.0% from CNY 20,679,480.96 in the same period of 2020[22] - Basic and diluted earnings per share for the first three quarters of 2021 were CNY 0.20, compared to CNY 0.26 in the same period of 2020[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥886,095,370.51, an increase of 21.77% compared to the end of the previous year[6] - As of September 30, 2021, the company's total assets amounted to ¥886,095,370.51, an increase from ¥727,660,054.80 at the end of 2020, reflecting a growth of approximately 21.8%[16] - The total current liabilities decreased to ¥249,820,421.11 from ¥306,808,961.64, a reduction of about 18.6%[18] - The total liabilities decreased to ¥252,002,755.55 from ¥309,269,059.88, a decline of about 18.5%[18] - The company's equity increased to ¥422,092,614.83, up from ¥225,240,798.30, reflecting a growth of approximately 87.5%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥61,397,293.39, indicating a significant cash outflow[6] - Cash flow from operating activities for the first three quarters of 2021 was negative CNY 61,397,293.39, a significant decrease from positive CNY 232,324.80 in the previous year[26] - Net cash flow from investing activities was -$30.45 million, compared to -$18.46 million in the previous period, indicating an increase in cash outflow for investments[27] - Total cash inflow from financing activities reached $332.89 million, significantly higher than $128.58 million in the prior period, reflecting strong capital raising efforts[27] - Net cash flow from financing activities was $154.44 million, a substantial increase from $12.75 million in the previous quarter, showcasing improved financial health[27] - Cash and cash equivalents at the end of the period totaled $94.78 million, up from $22.47 million at the end of the previous period, indicating a strong liquidity position[27] - The company received $217.79 million in cash from investments, highlighting robust investor confidence and support[27] - Cash outflow for debt repayment was $89.70 million, compared to $36.36 million in the previous period, reflecting increased debt management activities[27] Research and Development - Research and development expenses totaled ¥4,333,971.39, accounting for 9.57% of operating revenue, which is an increase of 1.91 percentage points year-on-year[6] - Research and development expenses for the first three quarters of 2021 amounted to CNY 11,931,327.34, an increase of 22.6% from CNY 9,731,075.42 in 2020[20] Inventory and Receivables - Accounts receivable increased to ¥354,915,657.73 from ¥304,395,526.59, representing a rise of approximately 16.6%[16] - Inventory levels rose to ¥62,886,330.79, compared to ¥29,214,484.43, marking an increase of around 115.5%[17] - The company reported a significant increase in prepayments, which rose to ¥31,124,282.50 from ¥14,178,576.56, indicating a growth of about 119.8%[17] Shareholder Information - The number of shares held by the largest shareholder, Shen Wanzhong, is 34,330,000, representing 32.10% of total shares[13] Strategic Focus - The company plans to continue focusing on market expansion and new product development to drive future growth[22] Other Financial Metrics - The weighted average return on equity was 1.12%, a decrease of 6.41 percentage points compared to the previous year[6] - The company reported a significant decline in sales revenue, which primarily impacted net profit figures for the quarter[10] - The company recorded a credit impairment loss of CNY -6,274,550.95, an improvement compared to CNY -8,325,971.77 in the previous year[21] - The company did not apply the new leasing standards for the current financial year, which may affect future financial reporting[27] - The impact of exchange rate changes on cash and cash equivalents was minimal at -$25.26, indicating stability in foreign exchange operations[27]