Breo(SH:688793)2021-10-27 16:00Financial Performance - The company's revenue for Q3 2021 was CNY 269,522,946.86, representing a year-over-year increase of 39.80%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 24,615,645.06, an increase of 17.72% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was CNY 59,822,476.95, reflecting a significant increase of 126.59%[6] - Basic earnings per share for Q3 2021 were CNY 0.44, with a year-to-date increase of 87.32%[6] - The net profit for Q3 2021 was CNY 65,924,537.85, a significant increase of 103.5% compared to CNY 32,425,480.38 in Q3 2020[26] - Operating profit for Q3 2021 reached CNY 78,099,346.91, up 102.5% from CNY 38,626,442.59 in the same period last year[26] - Total revenue from operating activities for the first nine months of 2021 was CNY 892,488,417.94, compared to CNY 557,992,703.57 in the first nine months of 2020, indicating a growth of 60%[28] - The company reported a total comprehensive income of CNY 66,193,480.60 for Q3 2021, compared to CNY 32,597,969.40 in Q3 2020, reflecting a growth of 102.5%[27] - Basic and diluted earnings per share for Q3 2021 were both CNY 1.33, compared to CNY 0.71 in Q3 2020, representing an increase of 87.3%[27] Assets and Liabilities - The total assets as of the end of the reporting period reached CNY 944,944,716.55, marking a 98.43% increase from the end of the previous year[6] - The company's total current assets amounted to CNY 783,187,420.71, up from CNY 435,360,309.81 in the previous year[23] - The company's cash and cash equivalents as of September 30, 2021, were CNY 445,993,162.65, compared to CNY 139,290,230.04 at the end of 2020, indicating a substantial increase in liquidity[21] - The company's inventory as of September 30, 2021, was CNY 203,137,314.50, up from CNY 140,591,605.10 in the previous year[21] - The total equity attributable to shareholders increased to CNY 629,767,867.53 from CNY 234,476,930.83, indicating strong growth in shareholder value[24] - Current liabilities totaled 240,781,058.82, with accounts payable at 153,041,599.72[33] - The company reported a total liability of 344,322,615.36, with non-current liabilities at 103,541,556.54[33] Cash Flow - The cash flow from operating activities for the year-to-date was CNY 58,647,955.17, with significant changes due to the implementation of new leasing standards[6] - The net cash flow from operating activities for Q3 2021 was CNY 58,647,955.17, a substantial increase from CNY 3,306,973.50 in Q3 2020[29] - The net cash flow from financing activities for Q3 2021 was CNY 255,627,722.48, compared to a negative CNY 11,214,455.97 in Q3 2020, indicating a turnaround in financing activities[30] - The company received CNY 390,677,620.00 from financing activities in Q3 2021, a notable increase from CNY 23,500,000.00 in the same period last year[30] Research and Development - The company's R&D investment totaled CNY 8,711,446.90 in Q3 2021, accounting for 3.23% of revenue, a decrease of 1.81 percentage points year-over-year[6] - The company established an industrial technology research institute to enhance R&D innovation capabilities and explore cutting-edge technology[16] - The company is actively enhancing its core R&D talent pool by introducing professional technical personnel and expanding external R&D collaborations[16] Market and Product Development - The company attributed the revenue growth to new product launches, increased promotional efforts, and expansion into new channels and customers[11] - New product launches in the second half of 2021 include the "Jiang Xiaozhu" smart moxibustion series, which received positive market feedback[17] - The company plans to hold a global product launch event in early November to introduce more traditional Chinese medicine technology products[17] - Online sales channels, including Douyin and cross-border e-commerce, have shown rapid growth, contributing to overall revenue stability[18] - The company optimized its after-sales service system and upgraded its digital marketing system to enhance user profiling for targeted marketing strategies[18] - The company aims to expand its offline presence primarily in shopping centers while adjusting operations in transportation hubs affected by COVID-19[17] Shareholder Information - The company reported a total of 3,362 common shareholders at the end of the reporting period[13] - The top shareholder, Ma Xuejun, holds 24,848,471 shares, representing 40.0% of the total shares[13] - The company reported a 2.5% shareholding by Anxin Securities Asset Management in the strategic allocation plan[14] Production Capacity - The company established a modern factory in Shenzhen to enhance its production capacity and product quality control[19]