FASTEN(SZ:000890)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥253,565,852.83, representing a 96.79% increase year-over-year[4] - The net profit attributable to shareholders was ¥445,667.19, a decrease of 89.92% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥480,818.43, an increase of 105.16% year-over-year[4] - Total operating revenue for the current period reached ¥476,867,191.28, an increase of 26.8% compared to ¥375,925,139.27 in the previous period[18] - Operating profit for the current period was ¥17,870,202.91, down 28.5% from ¥25,015,789.21 in the previous period[19] - Net profit for the current period was ¥8,084,078.41, a decrease of 46.2% compared to ¥15,022,755.58 in the previous period[20] - Basic and diluted earnings per share were both -0.0380, compared to 0.0396 in the previous period, reflecting a significant decline[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,060,228,275.15, reflecting a 122.38% increase from the end of the previous year[4] - Total liabilities reached CNY 1,890,693,086.05, compared to CNY 909,799,755.22 at the end of 2020, marking an increase of about 107.5%[16] - The company's total assets were reported at CNY 2,060,228,275.15, up from CNY 926,424,250.02, reflecting a growth of approximately 122.9%[16] - The total equity attributable to the parent company was CNY 681,905.02, a decrease from CNY 16,624,494.80, indicating a decline of about 95.9%[16] Cash Flow - The cash flow from operating activities showed a net outflow of ¥210,486,900.39, a decrease of 109.51% compared to the previous year[9] - Cash flow from operating activities showed a net outflow of ¥210,486,900.39, contrasting with a net inflow of ¥2,213,434,057.29 in the previous period[23] - Cash flow from investing activities resulted in a net outflow of ¥321,982,936.20, compared to a net inflow of ¥403,918,059.52 in the previous period[23] - Cash flow from financing activities generated a net inflow of ¥452,760,048.21, a recovery from a net outflow of ¥2,629,856,638.31 in the previous period[23] - The ending cash and cash equivalents balance was ¥70,516,869.35, down from ¥196,434,731.92 in the previous period[23] Inventory and Receivables - Accounts receivable increased by 135.72% to ¥253,681,888.14 due to the consolidation of non-similar controlled enterprises[8] - Inventory surged by 419.87% to ¥228,013,895.69, primarily due to the increase in the scope of consolidation[8] - Accounts receivable increased significantly to CNY 253,681,888.14 from CNY 107,621,917.18, representing a growth of about 135.5% year-over-year[14] - Inventory surged to CNY 228,013,895.69, up from CNY 43,859,667.06, indicating an increase of approximately 420.5% compared to the previous year[14] Shareholder Information - The company had a total of 22,720 common shareholders at the end of the reporting period[11] - The largest shareholder, Farshing Hongsheng Group, held 28.82% of the shares, amounting to 120,892,486 shares, with 39,862,368 shares pledged[11] Future Outlook and Strategic Initiatives - Future outlook indicates a projected revenue growth of 20% for the next quarter, aiming for 1.44 billion RMB[26] - The company is investing 50 million RMB in R&D for new product development in the upcoming year[26] - Market expansion plans include entering two new provinces, targeting an additional 300,000 users[26] - The company is exploring potential acquisitions to enhance its market position, with a budget of 200 million RMB allocated for this purpose[26] - New technology initiatives are expected to reduce production costs by 15% over the next year[26] - The company plans to launch a new product line in Q1 2022, projected to contribute an additional 100 million RMB in revenue[26] - Strategic partnerships are being formed to enhance distribution channels, aiming for a 30% increase in market reach[26]