金龙机电(300032) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥488,258,769.83, a decrease of 10.40% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥23,825,035.98, down 42.22% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,449,609.59, a decrease of 63.68% compared to the previous year[3] - The basic earnings per share for Q3 2021 was ¥0.0297, reflecting a decline of 42.11% year-on-year[3] - Operating income for the first nine months reached ¥178,121,161.08, a significant increase of 743.43% due to performance compensation received[10] - The company reported a net cash inflow from operating activities of ¥121,396,606.06, a 230.00% increase compared to the previous year[10] - The company's total revenue for the period was CNY 1,326,240,319.53, up from CNY 1,165,868,315.12 in the previous period, indicating an increase of about 13.8%[27] - The net profit for the period was CNY 206,495,562.88, compared to CNY 9,272,985.17 in the same period last year, showing a significant improvement[28] - Basic and diluted earnings per share were both CNY 0.2575, significantly up from CNY 0.0132 in the same period last year[29] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥2,632,361,235.90, an increase of 15.92% from the end of the previous year[4] - The equity attributable to shareholders at the end of Q3 2021 was ¥1,450,456,892.82, up 16.58% compared to the end of the previous year[4] - Cash and cash equivalents increased by 103.46% to ¥255,335,063.00 due to positive cash flow from operating activities and performance compensation received[9] - Accounts receivable rose by 64.66% to ¥69,745,620.43, attributed to increased sales and collection of customer notes[9] - Inventory increased by 46.52% to ¥213,597,053.70, driven by completed customer orders and proactive raw material procurement[9] - The total liabilities decreased slightly to CNY 1,226,369,125.48 from CNY 1,072,729,093.11, a reduction of about 14.3%[25] - Current liabilities totaled CNY 632,336,971.32, while total liabilities reached CNY 1,072,729,093.11[37] Cash Flow - The net cash flow from operating activities was CNY 19,912,860.72, recovering from a negative CNY 94,414,649.82 in the previous year[32] - Cash inflow from operating activities totaled CNY 1,403,917,144.16, an increase from CNY 1,100,839,123.70 year-over-year[32] - Cash inflow from investment activities was CNY 737,269,144.08, compared to CNY 105,655,807.34 in the previous period[32] - The net cash flow from investment activities was CNY 137,229,048.00, up from CNY 56,773,100.99 year-over-year[32] - Cash flow from financing activities resulted in a net outflow of CNY 33,531,194.52, an improvement from a net outflow of CNY 57,849,507.10 in the previous year[33] Shareholder and Corporate Actions - The controlling shareholder, Jinlong Group, is undergoing bankruptcy liquidation due to an inability to repay debts, with the court recognizing the group's assets are insufficient to cover liabilities[17] - Jinlong Group's second creditors' meeting approved a plan to convert 132,426,713 shares of Jinlong Electric into cash[18] - A total of 4.82 million shares held by Jinmeiou were passively reduced due to a court ruling, with 25,576,018.22 RMB transferred to a pawnshop for debt repayment[19] - The company established a limited partnership, Liyong Precision Electronics Technology Co., Ltd., with a 100% indirect stake, completing business registration[20] - The company’s controlling shareholder and its concerted actors are under investigation by the China Securities Regulatory Commission for information disclosure issues[20] Operational Changes - The company is in the process of relocating its subsidiary to improve operational efficiency and reduce production costs, with the move still ongoing as of October 2021[21] - The implementation of the new leasing standards resulted in an adjustment of CNY 234,136,142.27 to non-current assets[38] Other Financial Metrics - The company reported non-recurring gains of ¥16,375,426.39 for the current period[6] - The total tax and additional payments increased by 41.51% to ¥9,746,462.18, reflecting higher operating income[9] - The company recorded a credit impairment loss of ¥1,857,785.01, a 129.52% increase, due to customer repayments[9] - Long-term prepaid expenses decreased by 42.95% to ¥5,877,157.55, primarily due to amortization of renovation costs[9] - The company’s deferred tax assets decreased by 80.37% to ¥1,573,817.21, resulting from the write-off of certain receivables[9] - Research and development expenses for the period were CNY 49,333,679.48, up from CNY 38,584,237.51, indicating an increase of approximately 28%[28] - The third-quarter report was not audited, indicating a need for caution in interpreting the financial data[39]