康达新材(002669) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥573,614,494.65, a decrease of 7.97% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥25,506,135.94, representing a decline of 129.70% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was a loss of ¥26,957,860.73, down 129.60% from the previous year[3]. - The basic and diluted earnings per share were both -¥0.102, a decrease of 129.91% compared to the same period last year[3]. - Net profit attributable to the parent company was CNY 2,244,369, a decrease of 1.3% from CNY 185,268,457 in the same quarter last year[28]. - The company reported a net profit of CNY 1,343,663, down 26.5% from CNY 182,122,853 in the same period last year[28]. - The company reported a 62.03% decrease in investment income, totaling CNY 2,591,987.90, due to reduced gains from the transfer of subsidiary and associated company equity[9]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,517,663,953.61, an increase of 5.74% compared to the end of the previous year[3]. - The total assets of the company reached CNY 3,517,663,954, an increase from CNY 3,326,558,600 year-over-year[25]. - Total liabilities increased to CNY 1,236,167,086, compared to CNY 976,665,039 in the previous year, reflecting a growth of 26.5%[25]. - The total liabilities included short-term borrowings of CNY 513,371,758.61, unchanged from the previous period[36]. - Total liabilities amounted to ¥976,665,039.45, with current liabilities at ¥966,947,045.12 and non-current liabilities at ¥9,717,994.33[37]. - The total assets reached ¥3,326,558,599.50, reflecting the company's financial position[37]. Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of ¥105,405,783.73, up 183.78% year-to-date[3]. - Cash inflow from operating activities totaled CNY 1,725,229,867.71, an increase of 58.3% compared to CNY 1,090,413,411.69 in the previous period[32]. - Net cash flow from operating activities was CNY 105,405,783.73, recovering from a negative CNY 125,814,749.95 in the previous period[32]. - Cash inflow from investment activities was CNY 422,076,429.98, up from CNY 310,580,385.23 in the previous period[33]. - Net cash flow from investment activities was negative CNY 99,810,022.16, slightly worse than negative CNY 86,945,942.88 in the previous period[33]. - Cash inflow from financing activities was CNY 533,429,552.08, compared to CNY 329,980,000.00 in the previous period[33]. - Net cash flow from financing activities was negative CNY 9,308,542.93, a decline from positive CNY 185,224,976.60 in the previous period[33]. - The ending cash and cash equivalents balance was CNY 397,086,191.30, down from CNY 375,481,940.64 in the previous period[33]. Investments and Acquisitions - The company acquired 30% equity in Chengdu Mingci Electronic Technology Co., Ltd. and 25% equity in Nanjing Jufan New Materials Co., Ltd., leading to a 41.29% increase in long-term equity investments[8]. - The goodwill increased by 32.73% to ¥435,643,380.64, primarily due to acquisitions[8]. - The company has initiated a lawsuit against Shandong Guochuang Wind Leaf Manufacturing Co., Ltd. regarding a sales contract dispute, with asset preservation measures already in place[21]. - The company completed a capital increase of RMB 1.3 million in Chengdu Mingci Electronic Technology Co., holding 30% of its equity after the investment[19]. - The company acquired 72.51% equity in Hebei Weixin Technology Co., Ltd. for RMB 29 million, enhancing its market presence[20]. Operational Costs and Expenses - The company's operating costs increased by 38.36% year-on-year, reaching CNY 1,181,675,815.40, primarily due to rising raw material and labor costs[9]. - Financial expenses surged by 357.55% to CNY 20,968,543.50, attributed to increased borrowing costs[9]. - Research and development expenses amounted to CNY 63,257,989, an increase of 12.5% compared to CNY 56,087,839 in the previous year[28]. Shareholder Actions - The company has repurchased a total of 1,913,800 shares, representing 0.7580% of its total share capital, with a total transaction amount of CNY 20,657,669[13]. - The company plans to issue convertible bonds to raise a total of up to RMB 750 million, which was approved in meetings held on June 22 and July 9, 2021[17]. - The company plans to terminate the public issuance of A-share convertible bonds and instead pursue a private placement of A-shares, also seeking shareholder approval for this change[17]. Future Plans - The company plans to invest CNY 180 million in the construction of a Northern R&D Center and advanced composite materials industrial base to enhance its capabilities in the new materials sector[15]. - The company received approval for a new adhesive project with an annual capacity of 30,000 tons, which is expected to enhance its product offerings[16]. Miscellaneous - The company has established a wholly-owned subsidiary, Kangda New Materials Technology (Tianjin) Co., Ltd., with a registered capital of RMB 50 million in August 2021[19]. - The company has completed the registration procedures for multiple capital increases and new subsidiaries, indicating ongoing market expansion efforts[19][20][21]. - The company has not undergone an audit for the third quarter report[38]. - The report does not include any adjustments related to the new leasing standards[38].