锋龙股份(002931) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥184,828,162.71, representing a year-on-year increase of 27.35%[3] - The net profit attributable to shareholders for Q3 2021 was ¥20,122,326.63, a decrease of 12.27% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,045,169.68, down 6.95% year-on-year[3] - The basic earnings per share for Q3 2021 was ¥0.10, a decrease of 16.67% year-on-year[3] - Total operating revenue for Q3 2021 reached ¥542,872,113.84, compared to ¥379,952,422.38 in the same period last year[25] - Operating costs amounted to ¥459,179,213.00, up from ¥319,645,273.86 year-on-year[25] - Net profit for Q3 2021 was ¥80,376,781.97, an increase from ¥59,072,453.06 in the previous year[26] - The company's earnings per share (EPS) for Q3 2021 were ¥0.35, compared to ¥0.27 in the same quarter last year[26] - The company reported a total comprehensive income of ¥80,366,606.00 for Q3 2021, compared to ¥59,030,670.99 in the same period last year[26] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥1,284,163,720.31, an increase of 36.10% compared to the end of the previous year[3] - Total assets increased to ¥1,284,163,720.31 from ¥943,567,097.03 year-on-year[23] - Total liabilities rose to ¥494,362,637.03, up from ¥263,001,009.58 in the previous year[23] - The company's equity attributable to shareholders reached ¥697,584,813.33, compared to ¥599,795,255.61 in the same period last year[23] Cash Flow - The company reported a net cash flow from operating activities of -¥19,470,964.96, a decline of 145.64% compared to the previous year[3] - Operating cash inflow for the period reached CNY 617,797,109.21, a significant increase from CNY 376,810,263.87 in the previous period, representing a growth of approximately 64%[28] - Net cash flow from operating activities turned negative at CNY -19,470,964.96, compared to a positive CNY 42,661,832.35 in the same period last year[28] - Cash inflow from financing activities totaled CNY 387,864,416.60, compared to CNY 104,110,100.00 in the prior period, indicating a rise of approximately 272%[29] - Net cash flow from financing activities improved to CNY 286,464,247.49, up from CNY 3,266,830.59 in the same quarter last year[29] - The ending balance of cash and cash equivalents was CNY 251,380,704.90, compared to CNY 171,097,308.43 at the end of the previous period, reflecting an increase of about 47%[29] Investments and Expenditures - The company experienced a significant increase in inventory, which rose by 56.32% to ¥215,468,060.47 due to increased production and stockpiling[8] - The company reported a 170.56% increase in construction in progress, amounting to ¥82,681,915.27, due to increased investment in fundraising projects[8] - The company reported a significant increase in cash paid for purchasing goods and services, totaling CNY 477.63 million, which is a 125.76% rise from CNY 211.57 million[10] - The company reported a cash outflow of CNY 101,979,600.80 for the purchase of fixed assets, significantly higher than CNY 27,787,877.45 in the previous period[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,722, with the largest shareholder holding 43.33% of the shares[12] - The company repurchased a total of 1,000,023 shares, accounting for 0.50% of the total share capital, with a total expenditure of RMB 12.59 million[17] - The company plans to use the repurchased shares for employee stock ownership plans, with a total repurchase budget between RMB 40 million and RMB 80 million[16] - The total share capital of the company increased to 199,139,126 shares following the conversion of bonds[15] Research and Development - Research and development expenses increased by 41.34% to CNY 32.62 million, up from CNY 23.08 million, indicating a stronger focus on R&D[9] - Research and development expenses for Q3 2021 were ¥32,622,072.67, compared to ¥23,081,008.21 in the previous year, reflecting a focus on innovation[25] Government Subsidies - The company received government subsidies totaling ¥973,654.02 during the reporting period, which are closely related to its normal business operations[6] Other Financial Metrics - The company reported a 961.09% increase in asset disposal income, reaching CNY 125.22 million, compared to CNY 11.80 million in the previous year[9] - The company's long-term borrowings amounted to CNY 37.47 million, reflecting new bank loans obtained during the period[9] - As of September 30, 2021, the company's cash and cash equivalents increased to RMB 251.43 million from RMB 139.37 million at the end of 2020, representing an increase of 80.4%[21] - The company's accounts receivable rose to RMB 175.51 million, up from RMB 150.32 million, indicating a growth of 16.7% year-over-year[21] - The inventory level increased significantly to RMB 215.47 million, compared to RMB 137.84 million at the end of 2020, reflecting a growth of 56.2%[21] - The company completed the acquisition of 49% equity in its subsidiary, Dushang Precision Machinery (Jiaxing) Co., Ltd., for a total of USD 1.5974 million[18] - The company issued 2.45 million convertible bonds with a total value of RMB 245 million, with an initial conversion price adjusted to RMB 12.73 per share[14][15] - The retained earnings of Shaoxing Yicheng Motor Co., Ltd. were increased by USD 240,000, raising its registered capital from USD 400,000 to USD 280,000[19] - The company did not adjust the opening balance sheet items due to the new leasing standards, as it only has short-term leases and low-value asset leases[30]