振华科技(000733) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,431,369,151.81, representing a year-on-year increase of 36.81%[3] - The net profit attributable to shareholders for the same period was ¥440,326,108.40, a significant increase of 258.05% compared to the previous year[3] - The basic earnings per share reached ¥0.855, reflecting a growth of 259.41% year-on-year[4] - The company's operating revenue for the current period reached ¥4,248,033,974.20, representing a 38.32% increase compared to the previous period's ¥3,071,141,735.36[9] - Total revenue for the third quarter of 2021 reached ¥4,248,033,974.20, an increase of 38.2% compared to ¥3,071,141,735.36 in the same period last year[18] - The net profit for Q3 2021 was CNY 961,693,538.73, a significant increase from CNY 355,663,605.17 in Q3 2020, representing a growth of approximately 170%[19] - Operating profit for Q3 2021 reached CNY 1,140,775,068.47, compared to CNY 442,511,731.87 in the same period last year, indicating a year-over-year increase of about 158%[19] - Total revenue from sales of goods and services in Q3 2021 amounted to CNY 3,403,943,548.49, up from CNY 1,780,196,206.42 in Q3 2020, reflecting an increase of approximately 91%[21] - The company reported a total comprehensive income of CNY 952,814,918.28 for Q3 2021, compared to CNY 343,664,468.93 in Q3 2020, marking an increase of about 177%[20] - Basic and diluted earnings per share for Q3 2021 were both CNY 1.8565, significantly higher than CNY 0.696 in Q3 2020[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥10,776,463,354.45, marking a 20.30% increase from the end of the previous year[4] - Total assets reached CNY 8,958,029,098.16 as of the end of 2020[28] - The total liabilities increased to ¥3,925,373,298.81 from ¥2,985,707,651.76, reflecting a rise of 31.5%[16] - The total liabilities were CNY 2,985,707,651.76 as of the third quarter of 2021[27] - The total owner's equity was CNY 5,972,321,446.40 as of the third quarter of 2021[28] Cash Flow - The company reported a net cash flow from operating activities of ¥667,622,207.37, which is a 220.66% increase year-to-date[4] - The net cash flow from operating activities was ¥667,622,207.37, a substantial increase of 220.66% compared to the previous period's -¥553,290,971.69[10] - The cash flow from operating activities for Q3 2021 was CNY 667,622,207.37, a turnaround from a negative cash flow of CNY -553,290,971.69 in Q3 2020[23] - The net cash flow from investing activities was -¥242,769,762.69, a 122.84% increase in outflows compared to -¥108,943,257.23 in the previous period, mainly due to increased capital expenditures[10] - Investment activities resulted in a net cash outflow of CNY -242,769,762.69 in Q3 2021, compared to a smaller outflow of CNY -108,943,257.23 in Q3 2020[23] - The company experienced a net cash increase of CNY 132,769,001.61 in Q3 2021, contrasting with a decrease of CNY -506,017,513.42 in Q3 2020[23] Expenses - Management expenses increased by 62.26% to ¥752,926,279.95 from ¥464,016,292.06, primarily due to a one-time provision for social management costs[9] - The company reported a 104.07% increase in income tax expenses to ¥179,940,106.57 from ¥88,174,450.92, driven by profit growth[9] - Research and development expenses for the quarter were ¥274,414,915.47, up from ¥233,782,859.20, indicating a year-over-year increase of 17.3%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,056, with the largest shareholder, China Zhihua Electronics Group Co., Ltd., holding 32.94%[11] - The top ten shareholders collectively hold significant stakes, with the largest non-state shareholder being Agricultural Bank of China, holding 3.58%[11] Other Financial Metrics - The weighted average return on equity was 6.60%, up from 4.42% in the previous year[4] - Credit impairment losses decreased by 83.33% to -¥47,472,410.03 from -¥284,826,058.43, due to adjustments based on historical data and reduced expected credit loss rates[9] - The fair value change income was -¥9,318,047.72, a significant decline of 136.51% from the previous period's income of ¥25,522,872.79, attributed to changes in investment property valuations[9] Inventory and Receivables - Accounts receivable increased by 107.87% to ¥2,727,901,703.93, primarily due to the growth in sales in the new electronic components sector[7] - Inventory rose by 46.39% to ¥1,605,614,957.17, driven by increased production scale during the reporting period[7] - Accounts receivable rose to ¥2,727,901,703.93, a significant increase of 107.5% from ¥1,312,302,627.34[14] - Inventory levels increased to ¥1,605,614,957.17, compared to ¥1,096,831,229.02, marking a growth of 46.2%[15] Regulatory and Reporting Changes - The company has not audited the third quarter report for 2021[28] - The company implemented new leasing standards starting January 1, 2021, affecting financial reporting[28]