华明装备(002270) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥408,079,443.95, representing a 23.45% increase compared to ¥330,567,013.93 in the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥84,186,853.04, a significant increase of 68.18% from ¥50,227,334.73 in the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥81,114,437.67, up 67.69% from ¥48,543,625.04 year-on-year[3]. - The basic earnings per share for Q3 2021 was ¥0.1109, reflecting a 68.29% increase from ¥0.0662 in the same quarter last year[5]. - Operating revenue for the first three quarters of 2021 reached ¥109,206.22 million, a year-on-year increase of 21.93% compared to ¥89,566.35 million in 2020[10]. - Total operating revenue for the current period reached ¥1,092,062,166.59, an increase from ¥895,663,496.26 in the previous period, representing a growth of approximately 22.0%[30]. - Net profit for the current period was ¥387,819,536.55, compared to ¥263,707,677.78 in the previous period, reflecting a growth of approximately 47.2%[33]. - The net profit attributable to the parent company's shareholders was ¥384,343,845.94, an increase from ¥259,902,971.15, showing a growth of around 47.8%[36]. - Basic and diluted earnings per share for the current period were both ¥0.5062, compared to ¥0.3423 in the previous period, marking an increase of approximately 47.9%[36]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥4,406,364,514.24, which is a 3.94% increase from ¥4,063,733,946.84 at the end of the previous year[5]. - The total assets of the company amounted to RMB 4.41 billion as of September 30, 2021, compared to RMB 4.24 billion at the end of 2020, indicating an increase of 3.9%[24]. - The total liabilities decreased to ¥1,450,098,866.20 from ¥1,621,194,782.85, a decline of about 10.6%[30]. - Total liabilities amounted to ¥1,621,194,782.85, a decrease of ¥74,109,592.58 from the previous period[49]. - Current liabilities totaled ¥705,385,583.25, reflecting a decrease of ¥21,431,546.73 compared to the previous period[49]. - Non-current liabilities were ¥915,809,199.60, down by ¥52,678,045.85 from the previous period[49]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥272,814,883.71, showing a slight increase of 2.87% compared to ¥270,159,353.98 in the previous year[3]. - Operating cash flow for the period was ¥272,814,883.71, a slight increase of 2.4% compared to ¥265,201,081.68 in the previous period[40]. - Cash inflow from investment activities totaled ¥961,773,076.62, significantly up from ¥499,587,248.09 in the prior period, marking an increase of 92.5%[41]. - Net cash flow from financing activities was negative at -¥507,860,493.01, compared to -¥155,368,560.19 in the previous period, indicating a decline in financing[42]. - The company reported a net increase in cash and cash equivalents of ¥420,752,659.77, compared to an increase of ¥16,004,111.82 in the previous period[43]. - The ending balance of cash and cash equivalents was ¥831,905,991.60, up from ¥410,659,951.73, reflecting a substantial increase of 102.1%[43]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Shanghai Lingkai Property Management Co., Ltd. for a total consideration of up to RMB 191 million, including cash payment of RMB 24.87 million and assumption of debts up to RMB 166.13 million[22]. - The company received a payment of USD 84.39 million related to the acquisition of power transmission projects in Brazil, indicating ongoing international expansion efforts[23]. - The company completed the acquisition of 100% equity in Lingkai Property Management Co., Ltd., expanding its business operations[52]. Research and Development - Research and development expenses increased by 42.68% to ¥4,042.50 million, reflecting the company's commitment to enhancing R&D investments[10]. - Research and development expenses for the current period totaled ¥40,425,038.04, up from ¥28,332,796.26, indicating a growth of about 42.8%[33]. Financial Position - The equity attributable to shareholders increased to ¥2,942,654,350.21, marking a 12.88% rise from ¥2,604,766,334.46 at the end of the previous year[5]. - Total equity increased to ¥2,956,265,648.04 from ¥2,617,961,206.58, reflecting a growth of approximately 12.9%[30]. - The company reported an undistributed profit of ¥1,546,323,763.87, remaining stable from the previous period[52]. Other Financial Metrics - The company reported a government subsidy of ¥1,084,288.99 for the current period, contributing to its financial performance[6]. - The company experienced a 116% increase in cash and cash equivalents, reaching ¥95,611.88, primarily due to receipts from the Brazil power project[7]. - The company experienced a 51.12% increase in taxes and surcharges, amounting to ¥1,678.35 million, due to higher VAT and urban land use tax obligations[10]. - The total liabilities increased significantly, with contract liabilities rising by 239% to ¥10,978.00 million, reflecting an increase in advance payments for power engineering projects[10]. - The company reported a net cash outflow from financing activities of -¥50,786.05 million, primarily due to the repayment of corporate bonds[10]. - The company has not yet audited its third-quarter report, indicating potential for adjustments in future disclosures[53].