精工科技(002006) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥360,491,547.04, representing a year-on-year increase of 48.65%[3] - The net profit attributable to shareholders for Q3 2021 was ¥16,849,340.89, an increase of 80.94% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥15,998,970.54, showing a significant increase of 2,665.03% year-on-year[3] - The net profit for the year-to-date period increased by 400.25% to ¥83,751,037.61[3] - Total operating revenue for the current period reached ¥1,202,634,404.38, a significant increase from ¥699,669,816.86 in the previous period, representing a growth of approximately 72%[38] - Net profit for the current period was ¥80,899,672.54, up from ¥32,724,281.97 in the previous period, reflecting a growth of approximately 147%[41] - The company reported a total profit of ¥81,339,985.45, compared to ¥38,108,602.43 in the previous period, an increase of approximately 113%[41] Earnings and Shareholder Information - The company's basic earnings per share for Q3 2021 was ¥0.0370, up 80.49% year-on-year[3] - Basic and diluted earnings per share for the current period were both ¥0.1840, compared to ¥0.0368 in the previous period, marking an increase of 400%[45] - The total number of common shareholders at the end of the reporting period is 37,241[10] - Jinggong Group Co., Ltd. holds 31.16% of shares, totaling 141,809,800 shares, with 141,800,000 shares pledged and 141,809,800 shares frozen[10] - Sun Jianjiang, a natural person, holds 5.38% of shares, totaling 24,508,170 shares, with 24,500,000 shares pledged and frozen[10] - The top ten shareholders include Jinggong Group, Sun Jianjiang, and Shao Zhiming, with significant shareholdings and some shares pledged or frozen[10] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥2,462,677,925.68, which is an 18.91% increase from the end of the previous year[3] - As of September 30, 2021, the total assets of Zhejiang Jinggong Technology Co., Ltd. amounted to approximately CNY 2.46 billion, an increase from CNY 2.07 billion as of December 31, 2020, representing a growth of about 18.9%[31] - Total liabilities increased to approximately CNY 1.41 billion from CNY 1.10 billion, marking a rise of about 27.3%[36] - The company's equity attributable to shareholders increased to approximately CNY 1.03 billion from CNY 939.75 million, reflecting an increase of about 9.7%[36] Cash Flow and Financing Activities - The cash flow from operating activities for the year-to-date period decreased by 46.14% to ¥83,910,381.39[3] - Cash flow from operating activities generated a net amount of ¥83,910,381.39, down from ¥155,786,008.76 in the previous period[49] - Cash inflow from financing activities totaled $255.9 million, an increase from $233.4 million year-over-year[52] - Cash outflow from financing activities amounted to $285.57 million, compared to $212.16 million in the previous year[52] - Net cash flow from financing activities was -$29.67 million, a decline from a positive $21.24 million in the prior year[52] - The net increase in cash and cash equivalents was $40.93 million, significantly lower than $161.87 million in the same period last year[52] - The ending balance of cash and cash equivalents reached $320.64 million, up from $246.88 million year-over-year[52] Research and Development - The company's research and development expenses increased by 33.51% year-on-year, indicating a focus on innovation[7] - Research and development expenses increased to ¥62,190,843.20 from ¥46,582,205.54, showing a rise of about 33%[41] Inventory and Production - The company's inventory increased by 62.57% compared to the beginning of the year, reflecting expanded production to meet sales demand[7] - Inventory levels rose to approximately CNY 661.05 million, up from CNY 406.62 million, indicating an increase of about 62.4%[31] Financial Risks and Shareholder Control - The controlling shareholder, Jinggong Group, remains in bankruptcy reorganization, with 141,809,800 shares (31.16% of total shares) frozen, which poses a risk of control instability for the company[27] - The company is committed to maintaining operational independence from its controlling shareholder, ensuring compliance with relevant laws and regulations[27] - Investors are advised to assess the potential impacts of the controlling shareholder's bankruptcy reorganization on the company cautiously[27] Leasing and Guarantees - As of September 30, 2021, the company's guarantee balance for equipment purchased through financing leasing was RMB 111.58 million, with specific balances of RMB 51.14 million, RMB 41.60 million, and RMB 18.84 million from different leasing companies[15] - The company has paid a risk deposit of RMB 31.48 million to Huaron Financial Leasing for the photovoltaic equipment financing leasing business, which is used to offset overdue payments from the lessee[15] - The total overdue rent for the photovoltaic leasing projects amounts to RMB 92.74 million, with RMB 51.14 million owed to Huaron Financial Leasing and RMB 41.60 million to Jinju Leasing[15] - The company has recognized a bad debt provision of RMB 74.26 million related to the financing leasing business due to the bankruptcy restructuring of Shandong Dahai Group[18] - The company has signed multiple contracts for financing leasing, including a total purchase amount of RMB 136 million for solar equipment and RMB 35.19 million for textile equipment[15][19] - The company has been involved in financing leasing agreements with multiple partners, including Huaron Financial Leasing and Zhejiang Huijin Financial Leasing[15][19] Other Income and Expenses - Other income for the current period was ¥14,526,869.12, up from ¥9,778,431.46 in the previous period, indicating a growth of about 48%[41] - Tax expenses for the current period were ¥440,312.91, significantly lower than ¥5,384,320.46 in the previous period[41] - The company experienced a credit impairment loss of ¥6,423,839.46, contrasting with a gain of ¥3,071,202.52 in the previous period[41] Audit and Compliance - The third-quarter report was not audited, indicating a potential area for further scrutiny[54]