东方精工(002611) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,071,169,589.35, representing a 38.31% increase year-over-year[3] - Net profit attributable to shareholders was ¥129,754,201.64, up 31.70% compared to the same period last year[3] - The net profit excluding non-recurring gains and losses was ¥119,708,244.58, reflecting a 48.00% increase year-over-year[3] - The company reported a significant increase in accounts receivable by 54.39%, totaling ¥725,086,423.72, attributed to sales growth[6] - The company’s diluted earnings per share for the reporting period was ¥0.10, reflecting a 39.15% increase year-over-year[3] - Total operating revenue for the third quarter reached CNY 2,471,728,553.53, an increase of 26.5% compared to CNY 1,951,958,904.48 in the same period last year[28] - Net profit for the quarter was CNY 336,423,032.29, compared to CNY 229,597,974.75 in the previous year, representing a growth of 46.5%[31] - The net profit attributable to the parent company was approximately ¥320.87 million, an increase from ¥225.72 million in the previous period, representing a growth of 42.1%[34] - The total comprehensive income attributable to the parent company was approximately ¥292.72 million, compared to ¥223.90 million in the previous period, reflecting a growth of 30.8%[34] - Basic and diluted earnings per share increased to ¥0.24 from ¥0.15, marking a rise of 60%[34] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥6,630,829,730.33, a 4.86% increase from the end of the previous year[3] - The total assets of the company reached CNY 6,630,829,730.33, an increase from CNY 6,323,236,687.05, reflecting a growth of 4.9%[26] - Total liabilities increased to CNY 2,457,364,341.98 from CNY 2,091,708,208.75, marking a rise of 17.5%[26] - The company's equity attributable to shareholders decreased to CNY 4,014,149,425.76 from CNY 4,158,538,499.75, a decline of 3.5%[26] - The company reported a total liability of approximately CNY 2.09 billion, with current liabilities at CNY 1.51 billion and non-current liabilities at CNY 582 million[48] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥123,716,021.96, down 50.31% compared to the same period last year[3] - Cash inflow from operating activities totaled approximately ¥2.46 billion, up from ¥2.36 billion, indicating a growth of 4.4%[38] - The net cash flow from investing activities was approximately ¥981.80 million, a significant recovery from a net outflow of ¥304.32 million in the previous period[41] - Cash and cash equivalents at the end of the period amounted to approximately ¥1.28 billion, down from ¥1.62 billion, showing a decrease of 21.3%[41] - The company received cash from sales of goods and services totaling approximately ¥2.38 billion, compared to ¥2.19 billion in the previous period, an increase of 8.7%[38] - The company reported a net increase in cash from financing activities of approximately -¥660.40 million, worsening from -¥545.23 million in the previous period[41] Investments and Expenses - Research and development expenses increased to ¥72,900,003.34, a rise of 35.85% year-over-year, indicating a focus on innovation[9] - Investment income for the year-to-date was ¥83,707,643.47, up 56.39% from the previous year, driven by increased securities investments[9] - The company reported investment income of CNY 83,707,643.47, compared to CNY 53,526,100.78 in the previous year, reflecting a growth of 56.3%[31] - Research and development expenses increased to CNY 72,900,003.34, up from CNY 53,663,442.74, indicating a rise of 35.8% year-over-year[31] Shareholder Information - The total number of common shareholders at the end of the reporting period was 48,177[10] - Tang Zhuolin holds 20.32% of shares, amounting to 270,737,568 shares, with 203,053,176 shares pledged[10] - The company plans to repurchase shares with a total fund of no less than RMB 500 million and no more than RMB 1 billion, at a price not exceeding RMB 8.34 per share[16] - The company repurchased approximately 13.77 million shares, accounting for 1.03% of the total share capital, with a total payment of approximately RMB 78.32 million[16] - The company plans to use at least 80% of the repurchased shares for capital reduction and up to 20% for employee stock ownership plans[16] - The company has completed the repurchase and cancellation of 150,000 restricted shares, representing about 0.011% of the total share capital prior to the cancellation[19] Inventory and Current Assets - The company reported inventory of approximately RMB 936.09 million, an increase from RMB 734.12 million at the end of 2020[20] - The total current assets amounted to approximately RMB 4.87 billion, compared to RMB 3.96 billion at the end of 2020, reflecting a growth of about 23%[20] - The company’s accounts receivable increased to approximately RMB 725.09 million from RMB 469.64 million in the previous year, indicating a growth of about 54.5%[20] - Contract liabilities reached CNY 362.79 million, indicating a significant backlog of orders[48] - The company holds inventory valued at CNY 734.12 million, which is crucial for meeting future demand[45] Financing Activities - Short-term borrowings surged by 840.55% to ¥371,830,802.69, indicating increased financing activities[6] - Short-term borrowings surged to CNY 371,830,802.69 from CNY 39,533,281.84, indicating a significant increase[26] - The company has long-term borrowings of CNY 353.41 million, indicating reliance on debt for capital[48] Audit and Compliance - The report indicates that the third-quarter results have not been audited, which may affect stakeholder confidence[51]