TES(SZ:003019)2021-10-29 16:00Revenue and Profit - Revenue for Q3 2021 reached ¥437,030,200.95, an increase of 62.65% compared to the same period last year[3] - Net profit attributable to shareholders was ¥47,602,191.16, up 106.32% year-on-year[3] - For the first three quarters of 2021, total revenue reached RMB 1,115.30 million, a 17.24% increase compared to the same period last year[14] - The net profit attributable to shareholders in Q3 2021 was RMB 47.60 million, up 106.32% year-on-year[13] - The total comprehensive income for the period was CNY 112,063,605.42, compared to CNY 96,245,539.89 in the previous period, representing an increase of approximately 16.5%[27] - The net profit for the third quarter was CNY 112,513,498.61, an increase from CNY 96,668,057.44 in the same period last year, representing a growth of approximately 16.3%[26] Cash Flow and Financial Position - The company reported a net cash flow from operating activities of -¥280,948,446.55, a decrease of 383.32% compared to the previous year[3] - Cash inflow from operating activities totaled CNY 996,290,416.21, a decrease from CNY 1,062,660,185.21, reflecting a decline of approximately 6.2%[30] - Cash outflow from operating activities was CNY 1,277,238,862.76, compared to CNY 963,495,999.47 in the previous period, showing an increase of about 32.5%[30] - The cash and cash equivalents at the end of the period stood at CNY 85,837,272.18, down from CNY 135,781,826.49 at the end of the previous period, a decrease of approximately 36.7%[31] - The company's cash and cash equivalents decreased to CNY 87,127,272.18 from CNY 276,844,700.78, indicating a decline of about 68.5%[21] - Net cash flow from investing activities was CNY 19,149,207.90, compared to a negative CNY -14,159,727.18 in the previous period, indicating a significant improvement[31] - Net cash flow from financing activities was CNY 72,867,926.40, recovering from a negative CNY -60,901,632.38 in the previous period[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,785,273,839.61, representing a 20.21% increase from the end of the previous year[3] - Current assets increased to CNY 1,621,612,306.71 from CNY 1,288,859,455.25 at the end of 2020, reflecting a growth of approximately 25.8%[21] - Short-term borrowings increased by 214.64% to ¥192,981,392.34, primarily for strategic material procurement[8] - Short-term borrowings increased to CNY 192,981,392.34 from CNY 61,334,060.00, representing a growth of about 214.5%[22] - The company reported a significant increase in accounts receivable, which rose to CNY 387,687,129.47 from CNY 209,448,844.55, indicating a growth of approximately 85.0%[21] - Accounts receivable increased by 85.10% to ¥387,687,129.47, driven by higher revenue[7] - Inventory rose by 88.11% to ¥534,788,968.08 due to global electronic component shortages[7] - The inventory level rose significantly to CNY 534,788,968.08 from CNY 284,296,443.82, marking an increase of approximately 88.0%[21] Business Development and Strategy - The company received over RMB 2.2 billion in new orders this year, a growth of over 160% year-on-year, with approximately RMB 800 million delivered and RMB 1.4 billion pending delivery[13] - The revenue from the smart interactive display segment was RMB 504.02 million, accounting for 45.19% of total revenue, with a slight increase of 0.68% year-on-year[15] - Domestic sales increased significantly, with a growth rate of 211.25% year-on-year, reaching RMB 56.82 million[15] - The company plans to acquire 51% of Longxing Technology to expand its business system, with a transaction value not exceeding USD 10 million[17] - The company is progressing with the acquisition of Longxing Technology, expected to be completed by the end of the year, enhancing product development and supply chain integration[18] - The company launched a new sports fitness project, contributing to new business growth[14] Employee and Shareholder Information - The company’s basic earnings per share for the period was ¥0.37, a 54.74% increase year-on-year[3] - Basic and diluted earnings per share were both CNY 0.88, down from CNY 1.01 in the previous period, indicating a decrease of about 13%[27] - The weighted average return on equity was 3.82%, down 0.80% from the previous year[3] - The company implemented an employee stock option plan, granting 4.6493 million stock options at an exercise price of RMB 21.98 per share[16] Government Support and Taxation - The company received government subsidies amounting to ¥1,838,535.89 during the reporting period[5] - The company reported a tax refund of CNY 46,214,226.58, compared to CNY 32,934,110.10 in the previous period, an increase of approximately 40.4%[30] Exchange Rate Impact - The impact of exchange rate fluctuations on cash and cash equivalents was a decrease of RMB 786,116.35, a decline of 88.32% compared to the previous year[12]