Westone(SZ:002268)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥692,528,270.56, representing a 26.69% increase compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2021 was ¥51,511,540.43, up 33.31% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,969,623.31, reflecting a 25.94% increase compared to the previous year[2]. - The basic earnings per share for Q3 2021 was ¥0.0610, a 32.32% increase compared to the same period last year[2]. - The company reported a significant reduction in short-term borrowings, which were not specified but indicated a decrease in overall financial leverage[10]. - Net profit for the period was ¥9,005,571.72, a turnaround from a net loss of ¥97,125,246.58 in the same period last year[12]. - The company reported a basic earnings per share of ¥0.0112, recovering from a loss of ¥0.1119 per share in the previous period[13]. - The total comprehensive income attributable to the parent company was ¥9,474,822.04, compared to a loss of ¥93,827,874.54 in the same period last year[13]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,215,671,057.62, a decrease of 4.09% from the end of the previous year[2]. - The company's current assets totaled RMB 4,239,763,256.38, down from RMB 4,546,666,327.11 at the end of 2020, indicating a decrease of about 6.7%[9]. - The total liabilities decreased to RMB 1,405,942,464.54 from RMB 1,762,596,906.43, marking a reduction of approximately 20.2%[10]. - The company's equity attributable to shareholders increased to RMB 4,798,321,064.17 from RMB 4,707,198,263.56, representing a growth of about 1.9%[10]. - The total assets of the company were reported at 6,480,446,949.22 CNY, a slight decrease from 6,493,116,045.21 CNY[18]. - Total liabilities amounted to 1,762,596,906.43, with a slight increase of 12,669,095.99 compared to the previous period[19]. - Total equity reached 4,717,850,042.79, remaining stable with no significant changes reported[19]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥939,073,676.62, a decline of 146.34% year-on-year[2]. - Cash inflow from operating activities totaled ¥1,750,969,265.31, compared to ¥1,145,383,872.82 in the prior period, indicating a growth of 53.0%[14]. - The net cash flow from operating activities was -939,073,676.62 CNY, compared to -381,209,182.79 CNY in the previous year, indicating a significant increase in cash outflow[15]. - The net cash flow from financing activities was 71,521,541.47 CNY, a recovery from -41,689,369.25 CNY in the same period last year, showing improved financing conditions[16]. - The cash outflow from investment activities was -74,603,800.46 CNY, compared to -63,701,694.32 CNY in the previous year, reflecting increased investment expenditures[15]. - The company paid 16,783,487.28 CNY in dividends and interest, up from 15,944,312.91 CNY, indicating a commitment to shareholder returns[15]. - The cash inflow from financing activities totaled 90,462,565.62 CNY, demonstrating successful capital raising efforts[15]. Inventory and Assets Management - The company's inventory increased by 108.21% compared to the beginning of the year, driven by market expansion and increased procurement[4]. - The inventory increased significantly to RMB 990,002,352.96 from RMB 475,493,509.36, reflecting an increase of approximately 108.5% year-over-year[9]. - The accounts receivable rose to RMB 1,303,888,676.82, compared to RMB 1,274,671,255.83 at the end of 2020, showing a slight increase of about 2.3%[8]. - The company's contract assets grew by 54.12% year-to-date, attributed to increased sales revenue[4]. Strategic Initiatives - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[9]. - The company is exploring strategic mergers and acquisitions to enhance its market position and technological capabilities[9]. - The company has not disclosed any new product developments or market expansion strategies in the current report[22]. - There were no significant mergers or acquisitions mentioned in the financial report[22]. Accounting and Reporting - The company executed the new leasing standard starting January 1, 2021, with adjustments affecting the consolidated balance sheet[20]. - The company did not conduct an audit for the third quarter report, which may affect the reliability of the financial data presented[21]. - The company reported a right-of-use asset of 11,711,330.40 as of September 30, 2021, reflecting the impact of the new leasing standard[21]. - The lease liabilities were recorded at 7,207,131.65, indicating a consistent application of the new accounting policy[21]. - The non-current liabilities due within one year were reported at 3,658,971.46, showing a stable financial position[21].