Financial Performance - The company's operating revenue for Q3 2021 was CNY 202,927,745.63, representing a 6.81% increase year-over-year, while the year-to-date revenue decreased by 23.32% to CNY 507,115,101.18[4] - Net profit attributable to shareholders for Q3 2021 was CNY 12,867,038.19, a decrease of 20.40% compared to the same period last year, with a year-to-date net profit of CNY 39,099,329.31, down 26.78%[4] - Total operating revenue for the third quarter was CNY 507,115,101.18, a decrease of 23.3% compared to CNY 661,373,501.74 in the same period last year[22] - Net profit for the quarter was CNY 39,099,329.31, representing a decline of 26.8% from CNY 53,397,603.32 in the previous year[23] - Basic and diluted earnings per share were both CNY 0.34, down from CNY 0.55 in the same quarter last year[24] Assets and Liabilities - The company's total assets increased by 153.55% year-over-year to CNY 931,348,067.00, and equity attributable to shareholders rose by 186.95% to CNY 724,961,847.47[5] - Non-current assets totaled CNY 444,408,335.78, significantly higher than CNY 192,432,221.06 from the previous period[20] - Total assets reached CNY 931,348,067.00, compared to CNY 367,329,550.69 in the same period last year[20] - Total liabilities were CNY 206,386,219.53, an increase from CNY 114,684,522.19 year-on-year[20] - The total liabilities rose from 114,684,522.19 CNY to 166,245,624.05 CNY, indicating an increase of about 45%[32] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at CNY -22,551,113.64, but showed a significant improvement of 1,684.40% compared to the previous year[4] - The net cash flow from operating activities was -22,551,113.64 CNY, compared to -2,157,490.03 CNY in the previous quarter, indicating a decline in operational performance[27] - Total cash inflow from financing activities was 536,721,421.51 CNY, with a net cash flow of 406,302,156.44 CNY after outflows[28] - The company reported a total operating cash inflow of 511,970,994.00 CNY, while cash outflow was 534,522,107.64 CNY, leading to a negative net cash flow from operations[27] - Investment activities resulted in a net cash outflow of -152,102,087.88 CNY, reflecting increased capital expenditures[28] Shareholder Information - The company had a total of 18,191 common shareholders at the end of the reporting period[12] - Total equity attributable to the parent company's owners is CNY 252,645,028.50[33] Operational Developments - The company successfully acquired land use rights for RMB 11,776,500, enhancing its asset base[15] - The board approved a project loan application of up to RMB 100 million with a 10-year term, backed by the chairman's guarantee[15] - The company plans to increase the registered capital of its wholly-owned subsidiary by RMB 20 million, funded by its own resources[15] - The company is actively participating in land auctions to expand its operational footprint[15] - The company is in the process of finalizing capital increase procedures for its subsidiary as of September 30, 2021[15] Inventory and Receivables - Accounts receivable increased by 119.17% to CNY 98,964,844.49, indicating a slowdown in customer payments[8] - The company’s inventory rose by 98.99% to CNY 35,978,529.40, driven by increased business development and order volume[8] - Accounts receivable rose to RMB 98,964,844.49, up from RMB 45,153,786.62, indicating a year-over-year increase of about 119%[18] Research and Development - Research and development expenses for the quarter were CNY 1,266,945.22, compared to CNY 1,071,475.25 in the same period last year, indicating a focus on innovation[23] Leasing and Accounting Changes - The company implemented new leasing standards, resulting in adjustments to the balance sheet, particularly affecting non-current assets and liabilities[29] - The present value of minimum lease payments not yet paid is CNY 51,561,101.86, discounted at a weighted average incremental borrowing rate of 4.8%[33] - The difference between the discounted amount and the lease liability recognized on the balance sheet is CNY 23,663,324.26[33] - The company has not recognized right-of-use assets and lease liabilities for leases completed within 12 months after the initial application date[34] Audit Status - The third quarter report has not been audited[35]
炬申股份(001202) - 2021 Q3 - 季度财报