TPC(SZ:002134)2021-10-25 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥201,357,924.20, representing a 54.59% increase year-over-year[6] - Net profit attributable to shareholders was ¥9,910,085.51, up 20.22% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥9,667,353.58, reflecting a 34.83% increase year-over-year[6] - The total revenue for the current period reached ¥515,519,731.98, a significant increase from ¥344,169,528.19 in the previous period, representing a growth of approximately 49.8%[21] - The company's operating revenue for Q3 2021 was 445,393,692.94 CNY, compared to 290,452,929.27 CNY in Q3 2020, representing an increase of approximately 53.4%[22] - Net profit for Q3 2021 was 17,986,047.39 CNY, a decrease from 18,375,289.77 CNY in Q3 2020, reflecting a decline of about 2.1%[23] - The company reported a total profit of 18,164,287.50 CNY in Q3 2021, slightly lower than 18,433,010.79 CNY in Q3 2020, reflecting a decrease of about 1.5%[22] - Basic and diluted earnings per share remained stable at 0.07 CNY for both Q3 2021 and Q3 2020[23] Assets and Liabilities - Total assets increased by 24.35% to ¥739,983,477.74 compared to the end of the previous year[7] - As of September 30, 2021, the total assets amounted to ¥739,983,477.74, up from ¥595,063,583.84 at the end of the previous year, reflecting a growth of approximately 24.2%[18] - The total liabilities increased to ¥323,793,157.68 from ¥197,006,298.96, marking an increase of about 64.2%[19] - Cash and cash equivalents stood at ¥149,704,122.84, compared to ¥98,012,595.66 at the end of the previous year, showing an increase of approximately 52.6%[16] - Accounts receivable rose to ¥221,427,638.62 from ¥139,661,482.94, representing an increase of about 58.5%[16] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥51,894,435.52, up 58.76% year-over-year[6] - The net cash flow from operating activities for Q3 2021 was 51,894,435.52 CNY, up from 32,686,785.11 CNY in Q3 2020, indicating an increase of about 58.7%[25] - Cash and cash equivalents at the end of Q3 2021 totaled 96,080,464.31 CNY, down from 104,410,811.61 CNY at the end of Q3 2020, a decrease of approximately 7.7%[25] Inventory and Expenses - The company's inventory increased by 46% to ¥80,695,975.19 due to higher production and sales volumes[11] - Research and development expenses rose by 45% to ¥16,523,453.52, attributed to increased investment in R&D materials[11] - Research and development expenses increased to 16,523,453.52 CNY in Q3 2021 from 11,420,318.44 CNY in Q3 2020, marking a rise of approximately 44.8%[22] - The total operating costs for the current period were ¥498,891,914.12, compared to ¥328,221,877.18 in the previous period, indicating an increase of about 52%[21] Shareholder Information - The top shareholder, Tianjin Zhonghuan Electronic Information Group Co., Ltd., holds a 26.86% stake in the company, with a total of 66,026,154 shares[13] Other Notable Information - The company is investing ¥970 million in the smart factory project, which aims to produce 1.2 million square meters of automotive and communication circuit boards annually[15] - The company reported a significant increase in contract liabilities, up 1285% to ¥15,351,715.28, due to higher prepayments from customers[11] - The company did not require adjustments to the balance sheet for the new leasing standards as it only has short-term leases[27]