SLC(SZ:002106)2021-10-26 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥1,883,828,868.99, an increase of 1.55% year-on-year, while the total revenue for the first nine months was ¥5,643,146,333.73, representing a growth of 22.12% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was ¥111,478,976.93, up 33.11% year-on-year, and for the first nine months, it was ¥405,063,171.86, reflecting a 28.22% increase compared to the previous year[4]. - The basic earnings per share for Q3 2021 was ¥0.1579, a growth of 33.02% year-on-year, while the diluted earnings per share also stood at ¥0.1579, with the same percentage increase[4]. - Operating revenue rose by CNY 1,022.04 million, an increase of 22.12%, driven by higher sales volume and revenue from large-size capacitive touch screen products[16]. - Operating profit for the current period was ¥438,828,201.39, up 29.0% from ¥339,970,359.39 in the prior period[41]. - Net profit for the current period was ¥406,141,636.25, representing a 28.3% increase from ¥316,519,881.95 in the same period last year[41]. Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months was ¥598,452,295.35, showing a substantial increase of 93.61% year-on-year[4]. - The net cash flow from operating activities for Q3 2021 was ¥598,452,295.35, an increase of 93.4% compared to ¥309,103,610.84 in Q3 2020[46]. - Cash inflow from operating activities totaled ¥6,123,094,325.26, a significant increase from ¥4,427,749,266.68 in the previous period[44]. - Cash and cash equivalents at the end of Q3 2021 reached ¥2,401,661,649.28, up from ¥2,097,499,915.39 at the end of Q3 2020, representing an increase of 14.5%[46]. - The total cash outflow from operating activities was ¥5,524,642,029.91, up from ¥4,118,645,655.84 in the previous year, reflecting a growth of 34.2%[46]. Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥6,559,943,539.05, representing a 5.84% increase from the end of the previous year[5]. - The company's total liabilities amounted to RMB 1.839 billion, compared to RMB 1.777 billion at the end of 2020, showing an increase of approximately 3.49%[38]. - The company's current assets totaled RMB 5.224 billion, compared to RMB 4.824 billion at the end of 2020, indicating a growth of approximately 8.29%[33]. - The company's inventory increased to RMB 926.168 million as of September 30, 2021, up from RMB 652.885 million at the end of 2020, reflecting a growth of approximately 41.83%[33]. Research and Development - R&D expenses increased by CNY 55.30 million, a rise of 34.54%, due to higher investments in new products, technologies, and processes[16]. - Research and development expenses increased to ¥219,291,229.17, a rise of 34.4% compared to ¥162,990,155.09 in the previous period[41]. Financial Management - The company experienced a decrease in financial expenses by ¥67,423,100.00 in Q3 2021, which positively impacted net profit growth[12]. - Financial expenses decreased by CNY 43.31 million, down 200.38%, mainly due to smaller foreign exchange losses from the depreciation of the US dollar against the RMB[17]. - The company reported a significant increase in tax payments, totaling ¥82,817,595.07 in Q3 2021, compared to ¥71,919,608.56 in Q3 2020, marking a rise of 15.5%[46]. Guarantees and Investments - The company plans to provide guarantees for its wholly-owned subsidiary, with a total guarantee amount adjusted to CNY 600 million for the period from May 12, 2020, to May 11, 2022[26]. - The company provided an irrevocable joint liability guarantee for its wholly-owned subsidiary, Shenzhen Laibao Optoelectronics Technology Co., Ltd., with a total guarantee amount not exceeding $5 million (approximately RMB 32.377 million) for two years[27]. - The company approved a foreign exchange derivative trading limit of up to $200 million for the year 2021-2022 to mitigate foreign exchange rate fluctuation risks[28]. Market and Future Outlook - The company reported a significant increase in sales of large-size capacitive touch screens, contributing positively to the overall performance, with notable growth in ITO conductive glass and automotive touch screens[10]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41].