Financial Performance - The company's operating revenue for Q3 2021 was ¥173,806,948.35, a decrease of 9.60% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥41,915,036.37, an increase of 15.61% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,386,137.91, reflecting a year-on-year increase of 1.94%[5]. - Total operating revenue for the first three quarters of 2021 reached ¥598,224,346.21, an increase from ¥512,828,505.04 in the same period of 2020, representing a growth of approximately 16.67%[23]. - Net profit for the first three quarters of 2021 was ¥120,993,200.19, compared to ¥103,309,175.31 in 2020, reflecting a growth of approximately 17.2%[24]. - Total comprehensive income for the period reached ¥120,993,200.19, an increase from ¥103,309,175.31 in the previous period[25]. - Basic and diluted earnings per share were both ¥2.56, compared to ¥2.67 in the previous period[25]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,682,695,388.83, representing a 121.46% increase compared to the end of the previous year[6]. - Total assets as of the end of Q3 2021 were ¥1,682,695,388.83, compared to ¥759,809,814.95 at the end of Q3 2020, indicating a growth of approximately 121.5%[22]. - Total liabilities as of the end of Q3 2021 were ¥315,657,946.65, down from ¥363,918,632.99 in the same period of 2020, representing a decrease of about 13.2%[21]. - The company's total equity as of the end of Q3 2021 was ¥1,367,037,442.18, significantly up from ¥395,891,181.96 in Q3 2020, reflecting an increase of approximately 245%[22]. - The total debt-to-equity ratio is approximately 0.92, indicating a balanced approach to leveraging and equity financing[33]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥5,206,207.37, a decline of 83.11% compared to the previous year[11]. - Net cash flow from operating activities was -¥5,206,207.37, an improvement from -¥30,826,837.54 in the previous period[27]. - Cash inflow from investment activities totaled ¥1,662,934,087.76, with cash outflow of ¥2,447,840,089.58, resulting in a net cash flow of -¥784,906,001.82[29]. - Cash flow from financing activities generated a net inflow of ¥842,571,585.35, compared to ¥40,117,439.33 in the previous period[29]. - The company reported cash and cash equivalents at the end of the period amounting to ¥66,565,273.93, up from ¥11,086,006.27 at the end of the previous period[29]. - The company’s cash and cash equivalents increased to ¥164,643,836.27 in Q3 2021 from ¥128,131,572.58 in Q3 2020, marking a growth of about 28.5%[22]. Research and Development - Research and development expenses for Q3 2021 totaled ¥18,814,069.30, which accounted for 10.82% of operating revenue, an increase of 2.06 percentage points year-on-year[6]. - Research and development expenses for the first three quarters of 2021 amounted to ¥53,063,929.36, an increase from ¥34,917,464.71 in 2020, showing a rise of about 52%[23]. - The company plans to continue increasing R&D investment in response to business expansion and the growth of R&D projects[11]. Shareholder Information - The company reported a total of 4,285 common shareholders at the end of the reporting period[13]. - The top shareholder, Wang Heping, holds 13,397,369 shares, representing 25.96% of total shares[13]. - The company plans to grant 239,825 restricted stocks under the 2021 incentive plan, accounting for 4.65% of the total share capital[16]. - The first grant of 191,860 restricted stocks will be issued at a price of 36.45 RMB per share[17]. - The incentive plan involves 221 employees, representing 43.94% of the total workforce as of June 30, 2021[16]. Other Financial Metrics - The company reported non-recurring gains of ¥8,528,898.46 for the reporting period, down from ¥17,895,798.62 in the previous year[10]. - The basic earnings per share for Q3 2021 was ¥0.81, a decrease of 13.30% compared to the same period last year[6]. - Accounts receivable decreased to 177,325,439.02 RMB from 240,884,949.95 RMB in the previous year[19]. - The company’s receivables financing increased to 136,485,884.63 RMB from 78,890,498.78 RMB year-over-year[19]. - The company recorded a net increase in cash flow from operating activities of ¥347,247,021.38, against cash outflows of ¥352,453,228.75[27].
菱电电控(688667) - 2021 Q3 - 季度财报