HIGHLY(SH:900910)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,665,824,583.32, representing a year-on-year increase of 54.43%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 28,256,491.85, up 51.58% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -57,201,447.15, which is not comparable[5] - The company achieved a total operating revenue of RMB 11.907 billion for the year-to-date, representing a year-on-year growth of 60.99%[15] - Operating profit reached RMB 162 million, an increase of 66.16% compared to the previous year[15] - Net profit attributable to shareholders was RMB 133 million, reflecting a year-on-year growth of 83.28%[15] - The net profit for Q3 2021 was CNY 183,872,964.19, a significant increase from CNY 95,162,886.59 in Q3 2020, representing an increase of approximately 93.3%[26] - The company reported a total comprehensive income of CNY 107,626,476.92 for Q3 2021, compared to CNY 70,191,607.72 in Q3 2020, indicating a growth of approximately 53.4%[27] - The company’s total profit for Q3 2021 was CNY 160,922,386.48, an increase from CNY 98,329,911.89 in Q3 2020, reflecting a growth of approximately 63.4%[26] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 20,640,485,800.74, an increase of 38.08% from the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was CNY 6,032,183,648.02, reflecting a growth of 33.73% compared to the previous year[6] - The company's total assets as of September 30, 2021, were CNY 20,640,485,800.74, up from CNY 14,947,903,638.64 at the end of 2020, representing a growth of 38.4%[21] - Total liabilities increased to CNY 13,089,853,438.25 as of September 30, 2021, compared to CNY 9,481,875,714.37 at the end of 2020, marking a rise of 38.4%[22] - The company's cash and cash equivalents stood at CNY 3,306,896,353.49 as of September 30, 2021, compared to CNY 2,278,407,485.77 at the end of 2020, reflecting a growth of 45.0%[21] - Accounts receivable increased to CNY 3,570,102,249.24 as of September 30, 2021, from CNY 3,080,454,538.72 at the end of 2020, showing an increase of 15.9%[21] - Inventory levels rose to CNY 3,233,730,317.99 as of September 30, 2021, compared to CNY 2,042,676,012.96 at the end of 2020, indicating a growth of 58.5%[21] - The company's equity attributable to shareholders reached CNY 6,032,183,648.02 as of September 30, 2021, up from CNY 4,510,572,071.02 at the end of 2020, representing an increase of 33.7%[22] - Total liabilities amounted to approximately 9.48 billion, with a slight increase of 31.77 million[34] Cash Flow and Investments - The cash flow from operating activities for the year-to-date was CNY -126,951,819.80, which is not comparable[6] - The cash flow from operating activities showed a net outflow of CNY -126,951,819.80 in Q3 2021, an improvement from CNY -1,116,478,860.20 in Q3 2020[30] - The company raised CNY 1,578,999,992.90 from investment activities in Q3 2021, compared to no such income in Q3 2020[31] - The company reported a net investment loss of CNY 9,364,227.63 for the first three quarters of 2021, compared to a loss of CNY 776,827.99 in the same period of 2020[25] Shareholder Information - The basic earnings per share for Q3 2021 was CNY 0.03, a 23.39% increase year-on-year[6] - The diluted earnings per share for Q3 2021 was also CNY 0.03, showing a 23.39% increase compared to the same period last year[6] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.12, up from CNY 0.08 in Q3 2020, reflecting a 50% increase[28] - The company issued 201,772,151 shares at a price of RMB 7.90 per share, raising a total of RMB 1.594 billion in July 2021[16] - The total number of shares increased from 883,300,255 to 1,085,072,406 following the issuance[16] Business Operations and Strategy - The company attributed the revenue growth to the recovery of the domestic economy and increased sales of its main products, compressors and motors[10] - The company expects continued improvement in performance due to the positive market conditions and integration of its subsidiary, Haile Marili[10] - The company successfully launched its first high-pressure hot water heater for electric vehicles in September 2021, enhancing its automotive thermal management product line[15] - The company began supplying electric compressor products to major automotive manufacturers, including First Automobile Works and Great Wall Motors[15] - The company is actively integrating its automotive parts business to respond to the impacts of the global pandemic[15] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to CNY 536,757,550.16, compared to CNY 329,417,316.82 in 2020, indicating a year-over-year increase of 62.9%[25] Other Financial Metrics - The company's total operating expenses for Q3 2021 were CNY 11,438,030,208.70, compared to CNY 8,522,172,540.08 in Q3 2020, representing an increase of approximately 34.5%[30] - The total assets impairment loss for Q3 2021 was CNY -22,179,621.28, compared to CNY -9,563,712.02 in Q3 2020, indicating a deterioration in asset quality[26] - The company completed the issuance of the second phase of short-term financing bonds totaling RMB 1 billion with a maturity of 270 days and an interest rate of 2.9%[18] - The company disposed of 26 out of 136 properties in Nanchang, generating a total transaction amount of RMB 17.3028 million[17]