ST升达(002259) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter reached ¥378,710,247.93, an increase of 52.13% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥15,068,989.11, reflecting a significant increase of 176.71% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥14,143,993.13, up by 169.83% compared to the previous year[3]. - The total operating revenue for the current period reached ¥1,032,011,656.06, a significant increase of 74.8% compared to ¥590,757,299.18 in the previous period[20]. - The operating profit for the current period was ¥59,591,483.24, recovering from a loss of ¥88,805,032.89 in the previous period[21]. - The net profit for the current period was ¥38,696,843.51, compared to a net profit of ¥62,189,208.56 in the same period last year, indicating a decrease of 37.9%[22]. - Basic earnings per share for the current period were ¥0.0524, compared to ¥0.0092 in the previous period, representing a substantial increase[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥990,572,986.06, a decrease of 6.21% from the end of the previous year[3]. - The company's current assets totaled RMB 211.78 million, down from RMB 239.16 million at the end of 2020, indicating a decrease of approximately 11.5%[16]. - The company's non-current assets decreased to RMB 778.80 million from RMB 817.02 million, representing a decline of around 4.7%[17]. - The total liabilities decreased to ¥880,296,182.99 from ¥987,192,121.09, reflecting a reduction of 10.9%[21]. - The total cash and cash equivalents at the end of the period stood at 50,383,266.14 CNY, down from 91,568,740.32 CNY at the beginning of the period[25]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥80,409,671.60, up 39.28% compared to the same period last year[3]. - The cash flow from operating activities generated a net amount of ¥80,409,671.60, an increase of 39.2% from ¥57,731,483.99 in the previous period[23]. - The net cash flow from investing activities was -1,581,140.52 CNY, indicating a decrease compared to -4,228,715.85 CNY in the previous period[25]. - The net cash flow from financing activities was -120,014,005.26 CNY, a significant decline from -24,000,000.00 CNY previously[25]. Expenses - The company’s sales expenses decreased by 51.49% to ¥2,871,998.70, attributed to reduced delivery costs[8]. - The company’s financial expenses decreased by 58.37% to ¥40,462,297.30, due to repayment of external loans[8]. - The company reported a significant reduction in financial expenses, which decreased to ¥40,462,297.30 from ¥97,188,189.45, a drop of 58.3%[21]. Market Strategy - The company plans to continue expanding its market presence and developing new products to enhance growth prospects[3]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21]. Legal and Risk Factors - The company reported that the original controlling shareholder, Shengda Group, occupied company funds amounting to approximately RMB 1.15 billion, which is 1,972.64% of the latest audited net assets[12]. - The company is currently under risk warning and has been suspended from trading since September 23, 2021, due to the withdrawal of the delisting risk warning[12]. - The company has ongoing litigation related to false securities statements and other financial disputes, which may impact its financial position[13]. - The company has made progress in various legal disputes, including those involving financial contracts and loans, which are being monitored closely[14].