Hollywave(SH:688682)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥68,678,146, representing an increase of 8.08% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥11,002,095.85, a growth of 25.78% year-on-year[5]. - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥8,368,211.32, reflecting a 4.50% increase from the previous year[5]. - Total operating revenue for the first three quarters of 2021 reached ¥156,421,797.85, an increase of 23.5% compared to ¥126,706,651.05 in the same period of 2020[20]. - Net profit for the first three quarters of 2021 was ¥20,503,533.13, representing a 34.8% increase from ¥15,248,702.52 in 2020[21]. - Basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.62, compared to ¥0.55 in the same period of 2020[22]. Research and Development - Research and development (R&D) expenses totaled ¥8,325,382.97 in Q3 2021, up 114.57% year-on-year, accounting for 12.12% of operating revenue[6]. - Research and development expenses for the first three quarters of 2021 were ¥17,535,720.27, an increase of 79.5% compared to ¥9,761,928.72 in 2020[20]. Assets and Liabilities - Total assets increased by 97.40% to ¥671,049,130.71 compared to the end of the previous year[6]. - The total current assets were reported at CNY 653,880,198.02, compared to CNY 328,776,778.38 in the previous year, representing a growth of approximately 98.7%[18]. - Total liabilities as of the end of Q3 2021 amounted to ¥112,194,390.68, a decrease from ¥145,559,995.16 at the end of the previous period[20]. - Total liabilities amounted to $145,559,995.16, with a non-current liability total of $10,586,748.32[31]. - The report highlights a significant increase in current liabilities, totaling $139,658,172.46[31]. Shareholder Information - The company reported a total of 4,287 common shareholders at the end of the reporting period[13]. - The top shareholder, Zhou Jianhua, holds 10,200,000 shares, representing 27.57% of the total shares[13]. - Total equity attributable to shareholders reached ¥558,854,740.03, significantly higher than ¥194,377,523.42 in the previous year[20]. - The total equity attributable to shareholders remains unchanged at $194,377,523.42, indicating stability in shareholder value[31]. Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥38,528,162.54, primarily due to increased sales and procurement expenses[6]. - Net cash inflow from operating activities was -38,528,162.54 RMB, compared to -13,926,300.83 RMB in the previous year, indicating a decline in operational cash flow[26]. - Cash inflow from financing activities was 389,910,000.00 RMB, while cash outflow was 43,250,219.20 RMB, leading to a net cash inflow of 346,659,780.80 RMB[27]. - The net increase in cash and cash equivalents was 19,099,776.14 RMB, contrasting with a decrease of -41,943,071.38 RMB in the previous year[27]. Tax and Compliance - The company paid 12,077,534.18 RMB in taxes, up from 4,236,430.63 RMB in the previous year, indicating increased tax obligations[26]. - The company has implemented adjustments in accounting policies due to the new leasing standards effective from January 1, 2021[32]. - The report indicates that the company is compliant with the revised accounting standards as of the reporting date[32].