Guoguang Electric (SH:688776)2021-10-25 16:00Financial Performance - Revenue for Q3 2021 reached ¥124,624,081.49, an increase of 23.34% year-over-year, and cumulative revenue for the year-to-date was ¥389,685,911.65, up 25.52% compared to the same period last year[8]. - Net profit attributable to shareholders for Q3 2021 was ¥31,128,970.94, a significant increase of 225.39% year-over-year, while the year-to-date net profit was ¥110,464,282.5, up 99.13% compared to the same period last year[8]. - The basic earnings per share for Q3 2021 was ¥0.48, reflecting a 192.85% increase year-over-year, and the year-to-date figure was ¥1.83, up 90.63% compared to the same period last year[10]. - Total operating revenue for the first three quarters of 2021 reached ¥389,685,911.65, an increase of 25.5% compared to ¥310,465,314.29 in the same period of 2020[37]. - Net profit for the third quarter of 2021 was ¥110,464,282.50, up 99.3% from ¥55,472,844.17 in the third quarter of 2020[39]. - The total comprehensive income for the third quarter was ¥110,464,282.50, reflecting a strong performance compared to ¥55,472,844.17 in the same quarter of the previous year[41]. Assets and Liabilities - Total assets as of the end of the reporting period were ¥1,904,958,266.58, representing an increase of 118.61% compared to the end of the previous year[10]. - The company's total assets reached ¥1,904,958,266.58, up from ¥871,383,149.43, indicating a growth of 118.5%[37]. - The company's total liabilities increased to ¥337,217,194.72, compared to ¥319,179,313.90 in the previous period, reflecting a growth of 5.5%[35]. - The total current liabilities remain stable at ¥30,000,000.00 for short-term borrowings[32]. - The company's long-term payables remained stable at ¥106,210,000.00, unchanged from the previous period, indicating a consistent financial strategy[35]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 3,915[22]. - The largest shareholder, Xinyu Anyuanuo Jin Enterprise Management Co., Ltd., holds 39,318,013 shares, accounting for 50.79% of the total shares[22]. - The total equity attributable to shareholders reached ¥1,567,741,071.86, significantly up from ¥552,203,835.53 in the previous year, marking an increase of 184.5%[37]. Cash Flow and Expenses - The company reported a net cash flow from operating activities of -¥55,516,314.87 year-to-date, primarily due to increased material and labor costs associated with sales growth[10]. - Cash inflow from operating activities for the first three quarters of 2021 was CNY 220,006,012.76, an increase from CNY 199,125,569.35 in the same period of 2020, representing an increase of approximately 10.4%[46]. - Cash outflow from operating activities increased to CNY 275,522,327.63 in 2021 from CNY 217,338,020.66 in 2020, reflecting a rise of about 26.8%[46]. - The net cash flow from operating activities for the first three quarters of 2021 was -CNY 55,516,314.87, compared to -CNY 18,212,451.31 in 2020, indicating a worsening of approximately 204.5%[46]. - Payments to employees increased to CNY 96,776,448.54 in 2021 from CNY 83,897,192.19 in 2020, reflecting an increase of approximately 15.4%[46]. - Other cash payments related to operating activities rose to CNY 28,053,298.35 in 2021 from CNY 21,824,243.31 in 2020, indicating an increase of about 28.5%[46]. Research and Development - Research and development expenses totaled ¥5,212,647.02 for Q3 2021, a decrease of 30.7% year-over-year, and accounted for 4.18% of revenue, down 3.26 percentage points[10]. - Research and development expenses for the third quarter amounted to ¥12,503,098.57, compared to ¥10,865,724.65 in the same quarter of 2020, indicating a rise of 15.1%[39]. Government Support - The company received government subsidies amounting to ¥1,391,600 during the reporting period, contributing to its financial performance[12].