山东威达(002026) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥993,045,384.03, representing a 51.87% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥105,751,583.83, up 26.08% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥96,267,305.42, an increase of 30.97%[4] - The total operating revenue for the period reached CNY 2,384,376,904.28, a significant increase from CNY 1,442,242,587.61 in the previous period, representing a growth of approximately 65.5%[28] - Total operating revenue for Q3 2021 was 2,417,034,439.38 CNY, compared to 1,400,375,223.67 CNY in Q3 2020, representing a year-over-year increase of approximately 72.5%[29] - Net profit for Q3 2021 reached 297,642,630.70 CNY, up from 164,898,225.41 CNY in the same period last year, marking an increase of about 80.2%[30] - Total comprehensive income for Q3 2021 was 298,151,418.41 CNY, compared to 164,569,572.09 CNY in Q3 2020, representing an increase of about 80.9%[30] - Earnings per share for Q3 2021 were 0.67 CNY, compared to 0.40 CNY in Q3 2020, reflecting a growth of 67.5%[30] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,368,169,317.44, reflecting a 35.42% increase from the end of the previous year[4] - As of September 30, 2021, the company's total assets amounted to CNY 4,368,169,317.44, up from CNY 3,225,542,183.81 at the end of 2020, indicating a growth of about 35.4%[26] - The company's total current liabilities increased to CNY 1,280,151,282.63 from CNY 599,846,006.42, indicating a rise of approximately 113.3%[26] - The non-current liabilities also saw a significant increase, rising to CNY 246,031,497.06 from CNY 48,196,401.94, reflecting a growth of about 411.5%[26] - Total liabilities reached CNY 654.05 million, with current liabilities accounting for CNY 599.85 million[37] Cash Flow and Investments - The company experienced a 43.98% decrease in net cash flow from operating activities, totaling ¥132,179,923.04, primarily due to increased working capital requirements[10] - Cash flow from operating activities generated a net amount of 132,179,923.04 CNY in Q3 2021, down from 235,956,018.16 CNY in Q3 2020, a decrease of approximately 43.8%[33] - Investment activities resulted in a net cash outflow of 81,406,408.75 CNY in Q3 2021, compared to a net outflow of 53,220,779.28 CNY in Q3 2020, indicating a worsening of approximately 53.0%[33] - The company has invested 19,900.00 million RMB in the Guangxi Nanning Hangxian Xinda Industrial Fund Partnership, accounting for 99.50% of the total subscribed capital[19] Research and Development - Research and development expenses for the first nine months of 2021 were ¥133,776,864.66, marking a 100.65% increase compared to the same period last year, indicating increased investment in R&D[9] - Research and development expenses increased significantly to 133,776,864.66 CNY in Q3 2021, compared to 66,670,789.60 CNY in Q3 2020, reflecting a growth of approximately 100.5%[29] Shareholder Information - The total equity attributable to shareholders increased by 9.74% to ¥2,823,917,568.38 compared to the end of the previous year[4] - The top shareholder, Shandong Weida Group Co., Ltd., holds 33.75% of the shares, with 142,832,426 shares pledged[13] - The company's major shareholders include Wengden City Kunyu Technology Development Co., Ltd. with a 5.91% stake, and other individual shareholders with smaller stakes[13] Government Support and Subsidies - The company received government subsidies amounting to ¥15,667,618.88 during the first nine months, which is a 30.78% increase compared to the previous year[9] Corporate Actions and Plans - The company plans to issue up to 17,500,165 new shares in a private placement, approved by the China Securities Regulatory Commission[19] - The total amount of funds raised from the private placement is expected to be no more than 15,890.15 million RMB[18] - The company’s non-public offering plan was adjusted multiple times, with the latest adjustment reducing the total fundraising amount from 20,096.36 million RMB to 19,996.36 million RMB[17] - The company’s stock issuance price was adjusted from 9.18 RMB/share to 9.08 RMB/share due to the implementation of the 2020 annual equity distribution plan[16] - The company has temporarily assigned the responsibilities of the financial manager to the deputy general manager, ensuring continuity in financial operations following the resignation of the previous financial manager[21] - The company has opted to forgo its priority subscription rights in the capital increase of its associate company, Wuhan Weinan, to prioritize its own operational needs[21] Market and Strategic Developments - The company has not disclosed any significant changes in user data or market expansion strategies in the latest report[19] - The company has not reported any new product developments or technological advancements in the recent conference call[19] - The company is implementing new leasing standards, which may impact future financial reporting[38] - The company has not yet audited the third-quarter report, which may affect the reliability of the financial data presented[38]