SEWPG(SH:688660)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥7,248,821,303.43, representing a year-on-year increase of 53.90%[7] - The net profit attributable to shareholders for Q3 2021 was ¥131,914,183.99, a significant increase of 303.69% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥112,844,960.44, up 949.37% year-on-year[7] - Total operating revenue for the first three quarters of 2021 reached ¥19.50 billion, a significant increase of 88.5% compared to ¥10.35 billion in the same period of 2020[32] - Operating profit for the first three quarters of 2021 was ¥577.61 million, up from ¥154.51 million in the same period of 2020, representing a growth of 273.5%[32] - Net profit for the first three quarters of 2021 was ¥483.39 million, compared to ¥137.25 million in the same period of 2020, marking an increase of 252.5%[33] - The company recorded a total profit of ¥573.00 million for the first three quarters of 2021, compared to ¥164.34 million in the same period of 2020, representing an increase of 348.5%[33] - The company’s total comprehensive income for the first three quarters of 2021 was ¥483.46 million, compared to ¥137.60 million in the same period of 2020, marking an increase of 251.5%[33] Research and Development - Research and development expenses totaled ¥315,182,646.59 in Q3 2021, reflecting a 131.52% increase compared to the same period last year[10] - Research and development expenses increased to ¥649.30 million in the first three quarters of 2021, up from ¥268.36 million in the same period of 2020, reflecting a growth of 142.5%[32] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥31,578,070,885.02, a slight decrease of 0.59% from the end of the previous year[10] - The company's cash and cash equivalents decreased to RMB 2,600,075,700.96 from RMB 4,076,846,546.09, representing a decline of approximately 36.2%[24] - Accounts receivable stood at RMB 4,463,802,512.54, down from RMB 4,625,598,453.77, indicating a decrease of about 3.5%[24] - Inventory increased significantly to RMB 5,706,390,147.74 from RMB 4,643,639,578.18, reflecting an increase of approximately 22.8%[24] - The company's total liabilities decreased to RMB 23,969,331,228.62 from RMB 27,441,753,198.39, a reduction of about 12.5%[29] - Shareholders' equity rose to RMB 7,608,739,656.40 from RMB 4,324,591,205.51, marking an increase of approximately 76.5%[29] - The company reported a significant reduction in contract liabilities from RMB 8,379,636,562.69 to RMB 3,244,978,544.67, a decrease of about 61.2%[28] - The long-term equity investment increased to RMB 511,810,567.29 from RMB 304,522,360.15, representing an increase of approximately 67.9%[24] - The company has a total of 10,125,879,909.55 in accounts payable, down from 11,005,512,358.96, indicating a decrease of about 8.0%[28] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at -¥3,824,998,554.03, a decline of 248.39% compared to the previous year[7] - The company reported a net cash outflow from operating activities of ¥3.82 billion in the first three quarters of 2021, compared to a net inflow of ¥2.58 billion in the same period of 2020[37] - The net cash flow from investing activities was -490,912,987.44, compared to -1,127,051,642.32 in the previous period, indicating a significant reduction in cash outflow[39] - The total cash inflow from financing activities was 2,913,998,592.38, while cash outflow was 66,895,369.80, resulting in a net cash flow of 2,847,103,222.58, compared to -521,994,198.95 previously[39] - The cash and cash equivalents at the end of the period amounted to 2,600,075,700.96, down from 4,847,380,895.40 in the previous period[39] Other Financial Metrics - The company reported a basic earnings per share of ¥0.10 for Q3 2021, with a diluted earnings per share also at ¥0.10[10] - Basic earnings per share for the first three quarters of 2021 were ¥0.47, compared to ¥0.17 in the same period of 2020, indicating a growth of 176.5%[33] - The company’s sales expenses rose to ¥1.43 billion in the first three quarters of 2021, up from ¥745.54 million in the same period of 2020, reflecting an increase of 91.9%[32] Government Subsidies - The company received government subsidies amounting to ¥12,204,719.37 during Q3 2021, primarily from the Shanghai Zizhu High-tech Industrial Park[12] Market and Product Development - The increase in operating revenue was mainly driven by the delivery scale of offshore wind turbines compared to the same period last year[13] - The company has not disclosed any new product developments or market expansion strategies in the current report[22]