BOAMAX(SZ:002514)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 was ¥94,295,736.90, a decrease of 16.21% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥26,355,027.54, showing a slight increase of 0.28% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was -¥22,689,037.04, an increase of 16.43% compared to the previous year[3]. - Total operating revenue for the third quarter of 2021 reached ¥435,989,004.20, compared to ¥339,074,199.01 in the same period last year, representing a significant increase[28]. - The company reported a net profit of ¥4,855,275.30 for the third quarter, a recovery from a net loss of ¥47,269,087.19 in the previous year[30]. - The comprehensive income totalled ¥2,889,023.85, a recovery from a loss of ¥47,652,946.42 in the same period last year[30]. - The basic earnings per share for the third quarter was reported at ¥0.01, recovering from a loss of ¥0.08 in the same quarter last year[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,358,759,473.58, a decrease of 7.29% from the end of the previous year[3]. - The total assets decreased to ¥1,358,759,473.58 from ¥1,465,648,369.58, indicating a reduction in overall asset base[26]. - Current liabilities decreased from ¥706,115,604.50 to ¥639,643,183.72, reflecting improved liquidity management[26]. - Non-current liabilities also saw a decline from ¥126,184,770.98 to ¥82,879,271.91, indicating a reduction in long-term financial obligations[26]. - Total liabilities amounted to ¥832,300,375.48 as of October 1, 2021[37]. - The company reported a negative retained earnings of ¥219,788,482.89, indicating accumulated losses[38]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥79,329,011.09, a decrease of 4.65% compared to the previous year[3]. - The net cash flow from operating activities for Q3 2021 was ¥79,329,011.09, a decrease of 4.4% compared to ¥83,197,912.61 in the same period last year[32]. - The total operating cash inflow was ¥471,148,588.71, compared to ¥523,521,519.44 in the prior year, reflecting a decline of approximately 10%[32]. - The net cash flow from financing activities was -¥137,261,894.04, worsening from -¥33,898,448.84 year-over-year[33]. - Cash and cash equivalents at the end of Q3 2021 stood at ¥9,641,837.36, down from ¥62,923,246.52 at the end of the previous year[33]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,067[12]. - The largest shareholder, Chen Dong, holds 15.55% of shares, totaling 86,128,368 shares[12]. - The second largest shareholder, Guangxun Limited, holds 15.16% of shares, totaling 84,000,000 shares[12]. - The third largest shareholder, Zhu Yongfu, holds 5.82% of shares, totaling 32,271,487 shares[12]. - The top ten shareholders collectively hold significant portions of the company's equity, indicating concentrated ownership[12]. - No shareholders among the top ten are engaged in margin trading activities[13]. Legal and Regulatory Matters - The company has faced legal challenges regarding performance commitments from a previous acquisition, with ongoing litigation[15]. - A court ruling mandated compensation from a former shareholder for losses incurred during specific fiscal years[17]. - The company received an execution fee of RMB 641,467 related to a legal case, indicating ongoing legal proceedings to protect its interests[18]. - The company is involved in an arbitration case with Swedish Apani, claiming damages of RMB 40 million, which is still ongoing[20]. Research and Development - Research and development expenses decreased by 35.64% to ¥20,858,852.08, reflecting a reduction in selected project investments[9]. - The company has established a research institute with a total registered capital of RMB 3 million and plans to set up four branches with a total investment not exceeding RMB 7 million[21]. Asset Management - The company experienced a significant increase in accounts receivable, up 741.71% to ¥27,596,765.82, due to more commercial acceptance bills received[7]. - The company reported a 115,639.53% increase in asset disposal income to ¥24,488,222.08, primarily from the sale of an old factory[9]. - The company’s cash flow from the disposal of fixed assets increased by 72,922.10% to ¥37,168,247.37, attributed to the sale of the old factory[10]. - Long-term equity investments increased to approximately RMB 21.04 million from RMB 14.01 million, reflecting a growth of 50.2%[24]. Financial Adjustments - The company implemented new leasing standards starting in 2021, which required adjustments to the financial statements[34]. - The company has not undergone an audit for the third quarter report[39]. - The report indicates a capital reserve of ¥269,357,491.80, contributing to the overall equity[38]. - The company has a contract liability of ¥39,008,560.88, which may indicate future revenue recognition[37]. - The company’s employee compensation payable was reported at ¥15,528,447.21, reflecting its obligations to staff[37]. Future Plans - The company plans to issue up to 16.6 million shares at a price of RMB 2.96 per share, aiming to raise no more than RMB 49.14 million for working capital and debt repayment[20]. - The company has established a wholly-owned subsidiary in Bengbu, Anhui Province, to implement a smart manufacturing industrial park project[21]. - The company has transferred assets related to its precision CNC sheet metal business to its wholly-owned subsidiary, with the transfer process still in progress[22]. Market Position - The company has not disclosed any new product developments or market expansion strategies in the report[40].