KAN(002012)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥429,081,284.45, an increase of 7.51% compared to the same period last year, and a total revenue of ¥1,427,778,604.41 for the year-to-date, reflecting a growth of 41.73%[3] - The total profit for Q3 2021 was ¥31,283,329.89, a decrease of 37.41% year-on-year, while the year-to-date profit was ¥120,002,503.36, showing a slight decline of 0.21%[3] - The net profit attributable to shareholders for Q3 2021 was ¥18,118,937.45, down 26.48% year-on-year, with a year-to-date net profit of ¥64,406,619.52, which is an increase of 6.06%[3] - Total operating revenue for the current period reached ¥1,427,778,604.41, a significant increase from ¥1,007,402,003.33 in the previous period, representing a growth of approximately 42%[18] - Total operating costs amounted to ¥1,304,953,208.88, up from ¥902,307,179.03, indicating a rise of about 44.6%[18] - Net profit for the current period was ¥100,131,222.56, compared to ¥98,608,541.57 in the previous period, reflecting a slight increase of 1.5%[20] Assets and Liabilities - The company's total assets at the end of Q3 2021 were ¥2,335,950,994.87, up 4.38% from the end of the previous year, while the equity attributable to shareholders increased by 4.39% to ¥1,429,844,574.48[4] - As of September 30, 2021, total assets amounted to RMB 2,335,950,994.87, an increase from RMB 2,237,911,595.60 at the end of 2020, reflecting a growth of approximately 4.4%[13] - Current assets totaled RMB 1,714,904,100.68, up from RMB 1,575,771,471.83, indicating an increase of about 8.8% year-over-year[15] - Total liabilities decreased to RMB 646,192,527.40 from RMB 670,029,662.83, a reduction of approximately 3.6%[16] - The company's equity attributable to shareholders reached RMB 1,429,844,574.48, up from RMB 1,369,692,642.82, reflecting an increase of about 4.4%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥96,473,051.03, indicating improved cash collection from sales[8] - The net cash flow from operating activities was ¥96,473,051.03, a turnaround from a negative cash flow of ¥12,206,931.95 in the previous period[23] - Cash and cash equivalents at the end of the period totaled ¥232,615,464.94, compared to ¥195,746,257.17 at the end of the previous period, showing an increase of approximately 18.8%[24] - The company experienced a net cash outflow from investing activities of ¥55,387,695.62, an improvement from a larger outflow of ¥131,388,549.58 in the previous period[23] Shareholder Information - The company reported a total of 38,228 common shareholders at the end of the reporting period[10] - The top shareholder, Kane Group Co., Ltd., holds 17.59% of the shares, amounting to 82,238,392 shares, which are currently frozen[10] Operational Challenges - The company is responding to government-mandated electricity usage restrictions, which may impact production in Q3 and Q4, but overall operations remain stable[12] - The company plans to mitigate the impact of electricity restrictions through staggered power usage and equipment maintenance[12] Other Financial Metrics - The company's basic earnings per share for Q3 2021 was ¥0.04, a decrease of 20.00% compared to the same period last year[3] - Research and development expenses increased to ¥87,238,514.27 from ¥73,975,715.56, marking a growth of about 18%[18] - The company reported an increase in investment income to ¥10,826,348.37 from ¥9,172,372.27, which is an increase of approximately 18%[18] - Basic and diluted earnings per share improved to ¥0.14 from ¥0.13, indicating a growth of about 7.7%[21] Adjustments and Standards - The company implemented a new leasing standard starting in 2021, requiring adjustments to the financial statements[29] - The company has not undergone an audit for the third quarter report[30]