SM Micro(SH:688699)2021-10-24 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥452.89 million, representing a year-over-year increase of 227.95%[5] - Net profit attributable to shareholders for Q3 2021 was ¥297.49 million, a significant increase of 908.07% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥293.24 million, up 892.59% year-over-year[5] - The total revenue for the first nine months of 2021 was ¥1.07 billion, reflecting a growth of 233.50% year-over-year[10] - Basic earnings per share for Q3 2021 were ¥4.00, with diluted earnings per share also at ¥4.00, both showing substantial growth[6] - Operating profit for the third quarter was ¥657,182,705.66, compared to ¥62,720,702.69 in the previous year, indicating a substantial increase[23] - Net profit for the third quarter was ¥600,038,523.45, a remarkable rise from ¥58,468,906.40 in the same quarter of 2020, reflecting an increase of over 927%[24] - Basic and diluted earnings per share for the third quarter were both ¥8.07, compared to ¥1.05 in the previous year, marking a significant improvement[25] - The company reported a total comprehensive income of ¥599,856,656.26 for the third quarter, a significant increase from ¥58,104,794.74 in the previous year[24] Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥469.22 million for the first nine months, a remarkable increase of 1,844.50%[10] - Cash inflow from operating activities for the first three quarters of 2021 reached approximately CNY 1,081.62 million, a significant increase from CNY 203.35 million in the same period of 2020[26] - Net cash flow from operating activities in Q3 2021 was CNY 469.22 million, compared to a negative CNY 26.90 million in Q3 2020[27] - Cash and cash equivalents amounted to approximately 509.35 million RMB, up from 464.83 million RMB at the end of 2020, indicating improved liquidity[18] - Total current assets reached approximately 1.503 billion RMB, up from 1.027 billion RMB at the end of 2020, reflecting robust growth in asset management[18] - Total assets at the end of Q3 2021 were ¥1.82 billion, an increase of 51.01% compared to the end of the previous year[6] - Total assets as of the end of the third quarter amounted to ¥1,815,565,012.22, up from ¥1,202,281,754.59 at the same time last year, showing a growth of approximately 51.1%[20] - Cash and cash equivalents at the end of Q3 2021 totaled CNY 509.35 million, an increase from CNY 57.39 million at the end of Q3 2020[27] Research and Development - Research and development expenses totaled ¥23.33 million in Q3 2021, which accounted for 5.15% of revenue, a decrease of 0.96 percentage points from the previous year[6] - Research and development expenses for the third quarter were ¥50,886,820.21, compared to ¥24,585,149.74 in the same quarter of 2020, indicating an increase of approximately 106.5%[23] - The company plans to continuously innovate and launch competitive new products to adapt to market demands[16] - The company established a wholly-owned subsidiary, Tongling Qiming Semiconductor Technology Co., Ltd., to enhance production capacity and accelerate new product development[16] Inventory and Liabilities - Inventory levels rose to 194.74 million RMB, compared to 88.92 million RMB at the end of 2020, suggesting increased stockpiling[18] - Total liabilities increased to ¥174,507,949.27 from ¥116,460,547.90, representing a growth of about 49.8%[20] - Total liabilities amounted to 116,460,547.90, a decrease of 8,212,752.39 compared to the previous period[31] Shareholder Information - Shareholders' equity attributable to the parent company reached 5.114 billion RMB, reflecting an increase in net profit during the reporting period[11] - The top shareholder, Shenzhen Mingwei Technology Co., Ltd., holds 40.66% of the shares, indicating strong control over the company[13] Future Outlook - The management anticipates potential uncertainties in future operating performance due to global COVID-19 impacts and supply chain challenges[16] - The company plans to continue expanding its product lines and enhancing its supply capabilities to meet the growing demand in downstream application fields[10]