Hytera(002583)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 was ¥1,404,738,681.26, an increase of 6.31% compared to the same period last year[4] - The net profit attributable to shareholders was ¥8,310,111.21, representing a significant increase of 115.62% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,258,060.22, up 101.87% compared to the previous year[4] - The basic earnings per share for the reporting period was ¥0.0046, an increase of 115.25% compared to the same period last year[4] - The weighted average return on equity was 0.13%, an increase of 0.97% compared to the previous year[4] - Total operating revenue for the current period is 3,569,506,852.23, down from 4,367,749,139.77 in the previous period, representing a decrease of approximately 18.2%[60] - The net profit for the current period is -110,711,665.05, compared to a net profit of 209,242,255.90 in the previous period, indicating a significant decline[63] - The total comprehensive income for the current period is -181,598,621.29, down from 240,863,622.77 in the previous period[65] - Basic earnings per share for the current period is -0.06, compared to 0.1152 in the previous period[65] Assets and Liabilities - The total assets at the end of the reporting period were ¥13,628,151,556.49, a decrease of 4.50% from the end of the previous year[4] - As of September 30, 2021, the company's total assets amounted to RMB 13,628,151,556.49, a decrease from RMB 14,270,276,459.95 at the end of 2020[52] - The company's total liabilities decreased to RMB 7,448,778,455.16 from RMB 8,010,780,475.72 year-over-year[57] - The total liabilities decreased to $8.19 billion, reflecting a reduction of $33.98 million from $8.22 billion[76] - Total liabilities amounted to approximately $8.01 billion, a decrease from $8.19 billion in the previous period, reflecting a reduction of $181.53 million[79] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥271,789,168.45, down 28.35% year-on-year[4] - Cash inflow from operating activities totaled 4,482,204,366.24, down from 5,206,691,399.06 in the previous period, a decrease of approximately 13.9%[67] - Cash inflow from financing activities totaled $3.49 billion, compared to $4.34 billion, leading to a net cash flow from financing activities of -$553.18 million, an improvement from -$1.12 billion[70] Shareholder Information - The total number of common shareholders at the end of the reporting period is 74,931, with the top 10 shareholders holding 51.58% of the shares[23] - Chen Qingzhou, the largest shareholder, holds 948,803,357 shares, representing 51.58% of the total shares[23] - The second-largest shareholder, Hainengda Communication Co., Ltd. - Third Phase Employee Stock Ownership Plan, holds 32,235,188 shares, accounting for 1.75%[23] - The top 10 shareholders include various institutional and individual investors, with the largest individual shareholder being Chen Qingzhou[26] Litigation and Legal Matters - The company has ongoing litigation with Motorola, with an appeal filed on September 8, 2021, regarding various judgments including a $34.2444 million attorney fee[28] - The company has not reported any significant changes in other litigation matters apart from the ongoing case with Motorola[31] - The company will continue to fulfill its information disclosure obligations regarding the progress of significant matters[28] Project Revenue - Hytera Mobilfunk GmbH completed a project for the Dutch government, generating cumulative revenue of 874.5 million CNY and cumulative cash receipts of 673.77 million CNY[37] - Shenzhen Hytera Technology Service Co., Ltd. confirmed revenue of 48.68 million CNY from the Shenzhen Metro Line 6 project, with cumulative cash receipts of 41.78 million CNY[37] - The company reported cumulative revenue of 8.04541 million CNY from the Angola public safety integrated platform project, with cumulative cash receipts of 4.487 million CNY[37] - The project for the construction of a TETRA communication network in Brazil's Ceará state has generated cumulative revenue of 2.219 million CNY, with cumulative cash receipts of 1.495 million CNY[37] - The company has confirmed revenue of 5.827 million CNY from providing broadband multimode smart terminals to a public safety client in an Asian country, with cumulative cash receipts of 5.487 million CNY[37] - The company reported a cumulative investment of RMB 35,784 million for repaying bank loans and supplementing working capital, achieving 100% of the planned investment[48] Inventory and Receivables - Accounts receivable increased by ¥16,390,000 (854.54%) due to new bill settlements during the reporting period[9] - Inventory increased by ¥654,550,000 (39.28%) as the company prepared for future market demand[9] - The company's inventory increased significantly to RMB 2,320,977,184.95 from RMB 1,666,428,416.89 year-over-year[52] Research and Development - Research and development expenses increased to 725,566,869.89 from 626,279,174.43, reflecting a growth of approximately 15.9%[63] Financial Reporting and Standards - The third quarter report was not audited, which may impact the reliability of the financial data presented[81] - The company implemented a new leasing standard affecting the financial statements, requiring adjustments to the balance sheet[71] - The company has not restated prior year-end comparable figures due to the implementation of new leasing standards starting January 1, 2021[80]