维信诺(002387) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥1,329,342,861.89, representing a 57.58% increase year-over-year[3] - The net profit attributable to shareholders was -¥379,041,995.31, a decrease of 217.84% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥383,900,900.68, down 141.00% year-over-year[3] - Total operating revenue for the third quarter reached ¥2,733,447,789.01, an increase of 36.1% compared to ¥2,008,660,302.89 in the same period last year[30] - The net loss for the quarter was ¥1,336,562,749.59, compared to a profit of ¥16,857,439.68 in the same quarter last year[31] - The total comprehensive loss attributable to shareholders was ¥1,122,527,821.81, compared to a loss of ¥26,763,506.54 in the previous year[31] Cash Flow - The operating cash flow for the year-to-date period was ¥975,327,193.52, showing a significant increase of 1,184.88%[3] - The net cash flow from operating activities was CNY 975.33 million, a remarkable increase of 1,184.88% year-on-year, primarily due to increased sales collections[8] - The net cash flow from operating activities for the current period is ¥975,327,193.52, a significant increase from ¥75,908,107.72 in the previous period, representing a growth of approximately 1,183%[34] - Total cash inflow from operating activities reached ¥4,285,550,542.05, compared to ¥2,265,950,721.49 in the previous period, indicating a year-over-year increase of about 89%[34] - Cash outflow from operating activities totaled ¥3,310,223,348.53, up from ¥2,190,042,613.77, reflecting an increase of approximately 51%[34] - The net cash flow from investment activities was -¥649,393,815.04, an improvement from -¥2,347,882,901.15 in the previous period, showing a reduction in losses by about 72%[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥38,313,831,573.21, a decrease of 0.55% from the end of the previous year[3] - The company's total liabilities increased to ¥20,131,447,065.08, up from ¥19,041,903,223.32 year-over-year[28] - The total current liabilities increased to approximately ¥9.01 billion from ¥6.67 billion, reflecting a rise of about 35.06%[25] - The company's cash and cash equivalents decreased to approximately ¥2.84 billion from ¥3.47 billion, representing a decline of about 18.06% year-over-year[23] - The total assets of the company were reported at ¥38,313,831,573.21, slightly down from ¥38,524,849,342.06 in the previous year[28] Equity and Investments - Shareholders' equity attributable to the parent company was ¥14,105,313,500.22, down 7.15% from the end of the previous year[3] - The total equity attributable to shareholders decreased to ¥14,105,313,500.22 from ¥15,191,951,119.72 in the previous year[28] - The company’s investment income increased by 498.77% to CNY 48.28 million, attributed to higher returns from joint ventures[7] - The company’s long-term equity investments increased to approximately ¥3.02 billion from ¥2.38 billion, showing a growth of about 27.00%[25] Operational Highlights - The company reported a significant increase in accounts receivable, which rose by 229.91% to ¥1,639,930,848.39 due to increased sales during the reporting period[6] - Inventory increased by 78.47% to ¥928,986,217.83 as the company prepared for future sales[6] - The company recognized government subsidies amounting to ¥15,284,829.14 during the reporting period[4] - The company achieved a revenue of CNY 2.73 billion for the first three quarters of 2021, representing a year-on-year growth of 36.08%[12] - OLED product sales revenue reached CNY 2.62 billion, a significant increase of 94.61% compared to the same period last year[12] - The company reported a significant increase in contract liabilities, which rose to CNY 1.00 billion, marking a 600.31% increase due to the rise in advance payments received[7] Research and Development - Research and development expenses surged to CNY 718.56 million, reflecting a year-on-year increase of 139.94% as the company intensified its investment in display technology[12] - Research and development expenses surged to ¥718,557,777.98, a substantial increase of 140.0% compared to ¥299,472,041.55 in the previous year[30] Financing Activities - The company’s short-term borrowings increased by 42.09% to CNY 3.65 billion, primarily due to enhanced fundraising efforts[7] - Cash inflow from financing activities was ¥7,961,566,817.93, compared to ¥7,322,550,099.89 in the previous period, marking an increase of approximately 9%[34] - The cash outflow from financing activities increased to ¥9,009,678,584.01 from ¥5,773,236,566.92, representing a rise of about 56%[34] New Technologies and Production - The company launched new technologies, including a next-generation under-display camera solution and a 165Hz refresh rate AMOLED product, which were globally premiered and mass-produced[14] - The company’s production capacity continued to improve, with the 5.5-generation AMOLED production line and the 6th-generation flexible AMOLED production line achieving higher yield and operational efficiency[13]