RISUNTEK INC.(SZ:002981)2020-10-26 16:00Financial Performance - Operating revenue for the current period was CNY 271,287,590.16, representing a 22.12% increase year-on-year[7] - Net profit attributable to shareholders decreased by 31.19% to CNY 21,326,311.29 compared to the same period last year[7] - Basic earnings per share decreased by 48.84% to CNY 0.22[7] - The company's net profit for the third quarter was CNY 21,326,311.29, down from CNY 30,991,498.42 year-over-year, representing a decrease of approximately 31%[38] - The total profit for the third quarter was CNY 40,271,829.78, a decrease of 35.3% from CNY 62,145,344.22 in the previous year[46] - The total comprehensive income for the third quarter was CNY 17,510,478.30, compared to CNY 30,930,190.81 in the same period last year, indicating a decline of about 43%[39] Assets and Liabilities - Total assets increased by 58.85% to CNY 1,199,320,079.81 compared to the end of the previous year[7] - Total liabilities rose to CNY 369,922,412.67, compared to CNY 311,334,213.32 in the previous year, reflecting an increase of approximately 18.8%[29] - Cash and cash equivalents decreased by 13.00% to ¥393,706,901.59 due to equipment purchases, loan repayments, and dividend distributions[15] - Accounts receivable increased by 39.00% to ¥308,942,599.42, primarily due to increased revenue during the reporting period[15] - Inventory decreased by 11.00% to ¥186,962,692.43 as a result of enhanced inventory turnover control[15] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,074[11] - The largest shareholder, Guangdong Jianyi Investment Co., Ltd., holds 52.08% of the shares[11] Cash Flow - Net cash flow from operating activities was negative at CNY -2,025,879.61, a decrease of 28.25% year-on-year[7] - The cash inflow from operating activities was CNY 791,584,621.43, compared to CNY 491,291,879.05 in the previous period, representing a 60.2% increase[54] - The net cash flow from operating activities was CNY 13,290,132.17, down from CNY 37,405,947.23, indicating a decline of 64.5%[54] - The cash outflow for purchasing goods and services was CNY 645,559,971.25, up from CNY 291,360,064.31, reflecting a 121.5% increase[54] Government Subsidies and Investments - The company received government subsidies amounting to CNY 614,671.67 during the reporting period[8] - Deferred income increased by 75.00% to ¥700,000.00 due to government subsidies received[15] - The company raised a total of ¥415,680,000.00 from its IPO, with a net amount of ¥361,382,661.88 after expenses[20] - The company invested ¥16,682.54 million in upgrading and expanding its headphone and accessory production line[20] Research and Development - Research and development expenses increased to CNY 11,005,819.80, up from CNY 8,724,573.12, reflecting a growth of about 26.5%[37] - The research and development expenses for the year-to-date period were CNY 27,106,134.68, up from CNY 23,095,026.82, indicating an increase of about 17%[45] - Research and development expenses increased to CNY 26,781,045.22, up 18.8% from CNY 22,561,688.17 in the same period last year[49] Tax and Financial Expenses - The tax expenses for the third quarter were CNY 1,805,277.97, significantly lower than CNY 4,830,886.63 in the previous year, reflecting a decrease of about 63%[38] - The income tax expense for the quarter was CNY 2,925,697.37, down 63.1% from CNY 7,914,948.36 in the previous year[46] - The company reported a credit impairment loss of CNY -792,351.43, a significant improvement from CNY -3,806,627.68 in the previous year[46] Overall Financial Position - The company's equity attributable to shareholders increased to CNY 829,397,667.14 from CNY 443,654,827.07, marking a significant rise of about 87%[30] - Owner's equity totaled CNY 443,654,827.07, including share capital of CNY 72,000,000.00 and retained earnings of CNY 226,262,246.26[63] - The total current assets increased from CNY 591,055,311.73 to CNY 561,215,248.41, indicating a decrease in liquidity[66]