煜邦电力(688597) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥68,823,791.31, a decrease of 64.40% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was -¥1,202,095.41, representing a decline of 102.52% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was -¥352,095.41, down 100.75% from the previous year[5] - The company reported a revenue of 68.82 million RMB for the quarter, a year-over-year decline of 64.40%[14] - The net profit for the quarter was -1.20 million RMB, representing a year-over-year decline of 102.52%[14] - Year-to-date revenue for the first nine months was 180.04 million RMB, down 32.66% year-over-year[14] - Year-to-date net profit was -4.09 million RMB, a decline of 112.46% compared to the previous year[14] - In Q3 2021, the company reported a net profit of -4,089,501.02 RMB, compared to a net profit of 32,819,178.12 RMB in the same period last year, indicating a significant decline[24] - The total operating profit for Q3 2021 was -4,481,824.19 RMB, down from 35,029,345.98 RMB in Q3 2020[24] - The company reported a basic and diluted earnings per share of -0.03 RMB for Q3 2021, compared to 0.25 RMB per share in Q3 2020[25] - The company experienced a total comprehensive income of -4,089,501.02 RMB in Q3 2021, compared to 32,819,178.12 RMB in Q3 2020[25] - The company’s total profit for Q3 2021 was -5,439,145.61 RMB, a stark contrast to the profit of 36,748,006.85 RMB reported in Q3 2020[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,007,985,392.62, an increase of 13.92% compared to the end of the previous year[6] - The total equity attributable to shareholders increased by 33.38% to ¥733,348,032.24 compared to the end of the previous year[6] - The total liabilities decreased to CNY 274,637,360.38 in 2021 from CNY 335,046,853.36 in 2020, a reduction of 18.0%[19] - Cash and cash equivalents were CNY 252,143,698.60 as of September 30, 2021, compared to CNY 261,741,888.67 at the end of 2020, a decline of 3.0%[18] - Accounts receivable decreased significantly to CNY 109,702,110.38 from CNY 231,915,709.49, a drop of 52.7%[18] - Inventory increased to CNY 60,402,684.61 in 2021 from CNY 40,004,109.82 in 2020, marking a rise of 51.0%[18] - The total assets as of September 30, 2021, amounted to CNY 1,007,985,392.62, compared to CNY 884,849,889.98 at the end of 2020, representing an increase of 13.9%[20] - Total current assets reached ¥585,742,253.24 as of Q3 2021, showing no change from the previous period[31] - Total liabilities increased to ¥338,597,001.05, up from ¥335,046,853.36 in the previous period, reflecting a rise of approximately 0.76%[32] - Total equity attributable to shareholders decreased slightly to ¥549,724,272.42, down from ¥549,803,036.62, a decline of about 0.014%[33] Research and Development - Research and development expenses for Q3 2021 amounted to ¥7,152,520.66, a decrease of 13.93% year-on-year, while the R&D expense ratio to operating revenue increased by 6.09 percentage points to 10.39%[6] - Research and development expenses amounted to 7.15 million RMB, accounting for 10.39% of the quarterly revenue[14] - R&D investment for the first nine months increased by 32.69% year-over-year, representing 16.32% of total revenue[14] - Research and development expenses increased to CNY 29,389,031.85 in 2021 from CNY 22,148,206.32 in 2020, reflecting a growth of 32.8%[23] Strategic Focus and Challenges - The company experienced a decline in revenue due to unmet expectations in the delivery and acceptance of sales contracts[10] - The company is facing supply chain challenges due to a tight supply of chips, impacting product delivery and project acceptance[15] - The company plans to continue focusing on R&D and market expansion despite the current financial challenges[10] - The company plans to strengthen its smart power products and expand into smart inspection and grid information services[16] - The company aims to enhance its market competitiveness through technological innovation and quality improvement[16] - Increased management and operational expenses have been noted, impacting overall financial performance[15] - The company reported a net loss for the first three quarters of 2021, with total revenue not covering total costs, indicating a need for strategic adjustments moving forward[23] - The company is focused on enhancing its financial position and exploring new market opportunities as part of its strategic initiatives[34] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥34,550,761.08, a significant increase of 882.32% compared to the same period last year[6] - The company's cash flow from operating activities for the first nine months of 2021 was 34,550,761.08 RMB, a recovery from a negative cash flow of -4,416,466.06 RMB in the same period of 2020[27] - Sales revenue from goods and services received cash amounted to 298,176,706.47 RMB in the first nine months of 2021, up from 263,214,380.31 RMB in the same period of 2020, reflecting a growth of approximately 13.3%[27] - The company incurred total cash outflows from investing activities of 233,735,922.59 RMB in the first nine months of 2021, compared to 58,864,494.98 RMB in the same period of 2020[28] - Cash inflows from financing activities totaled 241,259,433.70 RMB in the first nine months of 2021, compared to 98,744,193.00 RMB in the same period of 2020, indicating a significant increase[28]