智明达(688636) - 2021 Q3 - 季度财报

Financial Performance - The company achieved operating revenue of CNY 100,259,624.84 in Q3 2021, representing a 14% increase year-over-year[3] - Net profit attributable to shareholders was CNY 22,553,384.82, a decrease of 23.21% compared to the same period last year[3] - The net profit excluding non-recurring gains and losses was CNY 17,268,551.50, down 40.62% year-over-year[3] - The company reported a basic earnings per share of CNY 0.45, down 42.31% year-over-year[4] - The company’s net profit for the first nine months of 2021 was CNY 68,288,856.13, a 50.62% increase year-over-year[5] - The company reported a net profit attributable to shareholders of 50.62 million yuan, reflecting a significant increase in operating revenue[12] - The company reported a total revenue of RMB 240,396,586.68 for the first nine months of 2021, compared to RMB 180,257,729.61 in the same period of 2020, indicating a growth of 33.4%[23] - The net profit for the first three quarters of 2021 was ¥68,288,856.13, up 50.5% from ¥45,337,067.52 in the previous year[25] - The total comprehensive income for the first three quarters of 2021 was ¥68,288,856.13, compared to ¥45,337,067.52 in the same period of 2020, indicating a growth of 50.5%[26] Research and Development - R&D investment totaled CNY 27,175,394.43, an increase of 88.79% compared to the same period last year, accounting for 27.11% of operating revenue[4] - Research and development projects surged to 140, with R&D personnel increasing by 61 to a total of 289[12] - Research and development expenses increased to ¥63,955,018.11 in the first three quarters of 2021, compared to ¥38,942,910.62 in the same period of 2020, reflecting a growth of 64.2%[24] Assets and Liabilities - Total assets reached CNY 1,139,047,270.08, reflecting an increase of 89.28% from the end of the previous year[4] - The total liabilities of the company were RMB 310,793,611.08, up from RMB 230,715,812.51, which is an increase of 34.7%[22] - The total equity of the company reached RMB 828,253,659.00, significantly higher than RMB 371,059,246.96 at the end of 2020, representing a growth of 123.5%[22] - Accounts receivable rose to RMB 344,075,335.64 from RMB 199,309,856.88, reflecting a growth of 72.6% year-over-year[20] - Inventory levels increased to RMB 232,759,091.99, compared to RMB 114,329,009.54 in the previous year, marking a rise of 103.6%[20] - Total assets amounted to approximately $601.78 million, with non-current assets totaling $33.00 million[31] - Total liabilities reached approximately $230.72 million, with current liabilities accounting for $193.61 million[32] - Shareholders' equity stood at approximately $371.06 million, reflecting a stable capital structure[32] Cash Flow and Financing - Cash flow from operating activities showed a net outflow of CNY 52,288,282.06 year-to-date[3] - The company reported a net cash flow from operating activities of -¥52,288,282.06 for the first three quarters of 2021, worsening from -¥35,501,513.48 in the previous year[27] - The company generated ¥410,375,369.81 from financing activities in the first three quarters of 2021, compared to ¥30,000,000.00 in the same period of 2020[28] - The company reported a total cash inflow from investment activities of ¥191,377,708.92 in the first three quarters of 2021, compared to ¥36,107,480.82 in the same period of 2020[27] - The company reported a significant increase in cash and cash equivalents, up 226.58% compared to the end of the previous year, primarily due to funds raised from the IPO[11] - Cash and cash equivalents at the end of the third quarter of 2021 amounted to ¥131,603,652.20, a significant increase from ¥2,641,949.16 at the end of the same period in 2020[28] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies[5] - The company has received inquiries from the stock exchange regarding its external investment activities, indicating ongoing strategic developments[17] - The company issued 335,600 shares of capital stock, increasing from 375,000 shares previously, reflecting a capital increase strategy[22] - The first tranche of restricted stock incentive plan involved 335,600 shares, with a vesting period of up to 48 months[18] Expenses - Operating costs rose by 45.89% year-to-date, corresponding to the increase in revenue[12] - The company’s financial expenses decreased by 30.79% year-to-date, with interest expenses down by 10.78% and interest income up by 386.16%[12] - The company’s sales expenses rose by 35.92% year-to-date, driven by increased market expansion activities[12]