宏达新材(002211) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥118,265,336.98, a decrease of 61.54% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥108,516,034.43, representing a decline of 546.09% year-on-year[3]. - The basic earnings per share were -¥0.250, down 546.47% from the previous year[3]. - The company's total operating revenue for the current period is CNY 406,218,091.92, a decrease of approximately 38.2% compared to CNY 657,783,564.48 in the previous period[26]. - The net profit for Q3 2021 was -204,526,679.50 CNY, compared to a net profit of 34,292,574.48 CNY in the same period last year, indicating a significant decline[27]. - Operating profit for Q3 2021 was -214,115,707.60 CNY, down from 46,084,436.40 CNY in Q3 2020[27]. - The company's net loss for the current period is CNY 934,129,715.66, compared to a net loss of CNY 729,603,036.16 in the previous period[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,024,499,559.33, a decrease of 9.80% from the end of the previous year[3]. - The total assets of the company decreased to CNY 1,024,499,559.33 from CNY 1,135,832,515.29, a decline of about 9.8%[24]. - The total liabilities increased to CNY 469,907,681.74 from CNY 376,713,958.20, reflecting an increase of approximately 24.7%[24]. - The company’s total equity attributable to shareholders decreased by 26.94% to ¥554,591,877.59[3]. Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of -¥33,345,013.29, a 90.02% improvement compared to the previous period[3]. - The company's cash and cash equivalents decreased by 232.01% to -¥11,025,030.00, largely due to the repayment of bank loans without renewal[9]. - The company's cash and cash equivalents decreased to CNY 123,274,285.36 from CNY 143,777,054.98, representing a decline of approximately 14.3%[22]. - Total cash and cash equivalents at the end of Q3 2021 were 25,694,944.17 CNY, down from 126,748,715.69 CNY at the end of Q3 2020[32]. - The company is experiencing tight liquidity due to the cessation of specialized network communication business and has not renewed bank loans, leading to a significant decrease in cash flow[15]. Operational Challenges - The company recorded a goodwill impairment loss of ¥165,970,000 due to the underperformance of its subsidiary Shanghai Guanfeng[7]. - The company faces significant risks in its specialized network communication business, including overdue accounts receivable of 12,116,000 RMB and potential credit impairment losses of 2,423,000 RMB[17]. - The specialized network communication business has led to a substantial decrease in revenue and profit, with inventory risks amounting to 38,832,980 RMB due to contract execution issues[15]. - The company has initiated legal actions against clients for breach of contract to recover economic losses and protect shareholder interests[16]. - The company is taking measures to mitigate risks associated with high-interest debt, including overdue financing of 5,995,660 RMB[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,018[12]. - The largest shareholder, Shanghai Hongzi Enterprise Development Co., Ltd., holds 20.27% of shares, totaling 87,660,000 shares, which are currently frozen[12]. - The controlling shareholder has changed to Jiangsu Weilen Investment Management Co., Ltd., which now holds 29.97% of the company's total share capital[20]. Future Outlook and Strategy - The company is actively taking measures to improve its operational and financial conditions, ensuring normal operations outside of the specialized network business[18]. - The company is focusing on consolidating existing industries and cultivating new profit growth points amidst the challenges faced in the specialized network communication sector[17]. - The company’s subsidiary, Dongguan New Oriental Technology Co., Ltd., reported a net profit of 564,600 RMB, indicating potential for continued operations in the silicone rubber market[17]. Research and Development - Research and development expenses increased to 22,502,455.17 CNY in Q3 2021, up from 18,293,956.59 CNY in Q3 2020, reflecting a growth of approximately 23.9%[27].