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]. - Net profit attributable to shareholders was ¥36,535,128.57, an increase of 0.77% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥28,006,230.11, down 14.49% from the previous year[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 ¥115,613,292.39, compared to ¥103,309,175.31 in 2020, reflecting a growth of approximately 11.19%[24]. - Total comprehensive income for the period reached ¥115,613,292.39, an increase from ¥103,309,175.31 in the previous period, reflecting a growth of approximately 11.9%[25]. - Basic and diluted earnings per share for the period were both ¥2.44, down from ¥2.67 in the previous period, indicating a decrease of about 8.6%[25]. Research and Development - Research and development expenses totaled ¥24,073,536.33, an increase of 94.99% compared to the same period last year, representing 13.85% of operating revenue[6]. - Research and development expenses for the first three quarters of 2021 amounted to ¥58,323,396.39, significantly higher than ¥34,917,464.71 in the previous year, marking an increase of about 67.00%[23]. - The company plans to continue increasing R&D investment in response to business expansion and new projects[11]. Assets and Liabilities - Total assets reached ¥1,683,297,620.50, reflecting a 121.54% increase compared to the end of the previous year[6]. - Total assets as of the end of Q3 2021 were ¥1,683,297,620.50, compared to ¥759,809,814.95 at the end of Q3 2020, showing a growth of approximately 121.00%[22]. - Total liabilities decreased to ¥315,657,946.65 in Q3 2021 from ¥363,918,632.99 in Q3 2020, a reduction of about 13.24%[21]. - Total equity attributable to shareholders increased to ¥1,367,639,673.85 in Q3 2021 from ¥395,891,181.96 in Q3 2020, reflecting a substantial growth of approximately 245.00%[22]. Cash Flow - The net cash flow from operating activities was -¥5,206,207.37, a decline of 83.11% compared to the previous year[6]. - Cash inflow from operating activities totaled ¥347,247,021.38, compared to ¥269,433,975.99 in the previous year, representing a year-over-year increase of approximately 29%[27]. - Net cash flow from operating activities was negative at -¥5,206,207.37, an improvement from -¥30,826,837.54 in the previous year[27]. - Cash outflow from investing activities amounted to ¥2,447,840,089.58, significantly higher than ¥11,317,996.41 in the previous period, indicating increased investment activity[29]. - Net cash flow from financing activities was positive at ¥842,571,585.35, compared to ¥40,117,439.33 in the previous year, showing a substantial increase in financing[29]. 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 25.96% of shares, totaling 13,397,369 shares[13]. - The company plans to grant 239,825 restricted stocks under the 2021 incentive plan, representing 4.65% of the total share capital[16]. - The first grant of 191,860 restricted stocks will be at a price of 36.45 RMB per share, benefiting 221 employees[17]. Financial Stability - The company's cash and cash equivalents increased significantly, contributing to improved liquidity and financial stability[22]. - As of September 30, 2021, the company's cash and cash equivalents amounted to 71,753,667.44 RMB, an increase from 27,960,506.79 RMB at the end of 2020[19]. - The company reported cash and cash equivalents at the end of the period totaling ¥66,565,273.93, up from ¥11,086,006.27 at the end of the previous period[29]. - The company reported a decrease in short-term borrowings from ¥64,788,979.17 in Q3 2020 to ¥30,014,500.00 in Q3 2021, indicating improved debt management[21].
菱电电控(688667) - 2021 Q3 - 季度财报