宝明科技(002992) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥267,583,421.30, a decrease of 31.43% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥61,029,075.18, representing a decline of 1,191.07% year-over-year[3]. - The net profit after deducting non-recurring gains and losses was -¥63,241,643.45, a decrease of 3,568.69% compared to the previous year[3]. - The company reported a net loss attributable to shareholders of ¥200,695,804.12 for the period, compared to a profit in the same period last year[31]. - The total operating revenue for the current period is approximately CNY 820.22 million, compared to CNY 1,009.60 million in the previous period, reflecting a decrease of about 18.7%[34]. - The net profit for the current period is a loss of approximately CNY 149.39 million, compared to a profit of CNY 51.20 million in the previous period[34]. - The total comprehensive income attributable to the parent company for the current period is a loss of approximately CNY 149.71 million, compared to a profit of CNY 51.51 million in the previous period[37]. Cash Flow and Assets - The operating cash flow for the year-to-date period was ¥42,469,742.32, an increase of 250.40% compared to the same period last year[3]. - The net cash flow from operating activities decreased by 28,238,526.23, reflecting a decline of 250.40% compared to the previous year[9]. - The net cash flow from operating activities was $42,469,742.32, a significant improvement compared to a negative cash flow of $28,238,526.23 in the previous period, indicating a recovery in operational efficiency[41]. - Total cash inflow from operating activities amounted to $878,494,351.01, while cash outflow was $836,024,608.69, resulting in a positive net cash flow[41]. - Cash and cash equivalents at the end of the period decreased to $472,666,982.66 from $561,595,428.82, reflecting a net decrease of $180,779,866.39[44]. - The company invested $307,646,586.65 in fixed assets, intangible assets, and other long-term assets, which is an increase from $180,409,059.75 in the previous period[41]. Liabilities and Equity - Total liabilities rose to ¥1,292,572,405.07 from ¥1,084,643,295.89, indicating an increase of approximately 19.2%[30]. - The company's equity attributable to shareholders decreased to ¥1,317,057,731.99 from ¥1,517,746,875.84, a decline of about 13.2%[30]. - Total liabilities amounted to CNY 1,084,643,295.89, a decrease of CNY 10,631,424.29 from the previous total of CNY 1,095,274,720.18[51]. - Non-current liabilities totaled CNY 64,569,566.53, compared to CNY 74,398,306.72 previously, reflecting a decrease of CNY 9,828,740.19[51]. - Total equity attributable to shareholders reached CNY 1,517,746,875.84, a slight decrease of CNY 66,602.74 from CNY 1,517,813,478.58[51]. Investments and Subsidiaries - The company plans to raise up to RMB 150 million through a private placement, with the funds allocated to various projects including RMB 62.19 million for the medium-sized backlight source project and RMB 34.36 million for the deep processing of LCD panel glass[16]. - The total investment for the medium-sized backlight source project is RMB 73.16 million, while the total investment for the LCD panel glass deep processing project is RMB 39.14 million[17]. - The company established a wholly-owned subsidiary, Hefei Baoming Optoelectronics Technology Co., Ltd., with an investment of RMB 100 million[18]. - A new subsidiary, Shenzhen Baoming New Materials Technology Co., Ltd., was established in partnership with an individual investor, expanding the company's product offerings[19]. - The company has invested in a new wholly-owned subsidiary in Ganzhou, Jiangxi Province, focusing on new materials technology research and development[20]. - Shanghai Baoming Automotive Technology Co., Ltd. was established with a registered capital of RMB 10 million, with the company holding 55% of the shares[21]. - The company has acquired land use rights in Longhua District, Shenzhen, through a bidding process, furthering its expansion plans[23]. Research and Development - Research and development expenses rose to approximately CNY 72.24 million, up from CNY 59.06 million, indicating an increase of about 22.3%[34]. - The company plans to continue focusing on research and development to drive future growth and innovation in its product offerings[36]. Other Financial Metrics - The company reported a significant increase in long-term borrowings, rising by 180.91% to ¥154,500,000.00 due to new loans from banks[6]. - The company experienced a 33.53% decrease in business tax and additional fees, amounting to ¥3,879,287.38, attributed to reduced revenue[9]. - The company recorded an asset impairment loss of -¥27,666,808.87, a drastic increase of 1,403.95% due to lower sales prices of certain products[9]. - The total operating costs increased to approximately CNY 987.48 million from CNY 970.63 million, representing an increase of about 1.8%[34]. - The company reported a significant increase in financial expenses, with interest expenses rising to approximately CNY 12.66 million from CNY 11.46 million, an increase of about 10.5%[34]. - The company experienced a credit impairment loss of approximately CNY 1.15 million, compared to a gain of CNY 0.19 million in the previous period[34].