STHC(SZ:000045)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 was ¥570,752,050.04, a decrease of 7.44% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was ¥4,921,591.39, down 80.10% year-on-year, while the net profit for the first three quarters increased by 220.38% to ¥81,524,665.78[4][8]. - The basic earnings per share for Q3 2021 was ¥0.0097, reflecting an 80.08% decline compared to the same period last year[4]. - The net profit for Q3 2021 was CNY 113,988,241.56, a significant increase from CNY 21,976,803.53 in the same period last year, representing a growth of approximately 418%[30]. - The company's net profit attributable to shareholders increased to CNY 153,241,400.81, compared to CNY 86,912,390.50 in the previous period, marking a growth of about 76.5%[28]. - The total comprehensive income for the quarter was CNY 108,383,164.48, compared to CNY 24,014,395.43 in the previous year, indicating an increase of approximately 351%[30]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥5,449,740,850.61, representing a 9.66% increase from the end of the previous year[4]. - As of September 30, 2021, the company's total assets amounted to CNY 5,449,740,850.61, an increase from CNY 4,969,547,552.23 as of December 31, 2020, representing a growth of approximately 9.6%[26]. - The company's total liabilities increased to CNY 1,456,877,617.68 from CNY 1,070,232,302.61, reflecting a growth of approximately 36.1%[27]. Cash Flow - Cash flow from operating activities for the year-to-date was negative at -¥67,619,943.80, a decrease of 35.64% compared to the previous year[4]. - The cash flow from operating activities showed a net outflow of CNY -67,619,943.80, worsening from CNY -49,851,133.68 in the previous year[33]. - The cash flow from investing activities resulted in a net outflow of CNY -316,111,922.37, compared to CNY -156,725,598.61 in the same period last year[33]. - The cash and cash equivalents decreased to CNY 171,657,846.21 from CNY 279,087,236.95, a decline of approximately 38.5%[25]. - The cash and cash equivalents at the end of the period were CNY 171,657,846.21, down from CNY 307,613,344.57 at the end of the previous year[33]. Research and Development - The company reported a significant increase in R&D expenses, which rose by 79.57% to ¥7,285,000 due to increased investment in new technologies[10]. - The company reported R&D expenses of CNY 72,845,148.60, which increased from CNY 40,565,492.91 in the previous period, indicating a rise of about 79.5%[29]. Inventory and Borrowings - The company’s inventory increased by 43.23% to ¥68,870,000, primarily due to increased procurement of raw materials[9]. - The company’s long-term borrowings increased by 92.45% to ¥66,030,000, mainly due to loans taken for the 7th line project[9]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,999[12]. - The largest shareholder, Shenzhen Investment Holdings Co., Ltd., holds 46.21% of shares, totaling 234,069,436 shares[12]. - The company has a total of 10 major shareholders, with the top 10 holding a significant portion of shares, including state-owned entities[12]. Projects and Investments - The cumulative contract amount for the 7th line project has reached RMB 209,120.36 million, with actual payments of RMB 199,282.41 million[14]. - The 7th line project has utilized RMB 40,995.35 million of raised funds and RMB 158,287.06 million of self-owned and government funds[14]. - The company has invested a total of RMB 4,200 million in three projects through the Changxing Junying Equity Investment Partnership[15]. - The company completed a share transfer where 优势福德 acquired a 99.93333% partnership interest in 锦航投资, which will now hold a 40% stake in 盛波光电, changing the strategic investor from 锦江集团 to 优势福德[22]. Other Information - The company has completed the liquidation and cancellation of Shenzhen Textile Import and Export Co., Ltd., with an estimated impact of RMB 764,000 on current profits and losses[16]. - The company has signed a lease contract for 6,100 square meters of property in the C building of the Textile Building, with a minimum rent of RMB 85 per square meter per month[19]. - The company holds a 50% stake in Shenzhen Xieli Asset, which has been inactive since 2008 and is undergoing liquidation[20]. - The company has waived its right of first refusal for a 40% stake in its subsidiary, Shengbo Optoelectronics[21]. - The company has not undergone an audit for the Q3 2021 report[34].