合康新能(300048) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥307,426,599.49, a decrease of 22.52% compared to the same period last year[5] - Net profit attributable to shareholders was ¥10,352,546.61, representing an increase of 108.00% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥8,007,029.60, up 106.96% from the previous year[5] - The basic earnings per share for the period was ¥0.0094, an increase of 108.05% compared to the same period last year[5] - Operating income for the first nine months of 2021 was 124,462,224.59 RMB, a decrease of 36.19% compared to 195,039,486.42 RMB in the same period of 2020[11] - Total operating revenue for Q3 2021 was CNY 923,981,047.19, an increase of 4.1% compared to CNY 887,113,692.13 in the same period last year[31] - Net profit for Q3 2021 was CNY 33,059,823.34, a significant recovery from a net loss of CNY 362,850,366.12 in the previous year[33] - Basic and diluted earnings per share for Q3 2021 were CNY 0.0388, compared to a loss per share of CNY 0.2526 in the same quarter last year[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,474,949,080.12, a decrease of 4.81% from the end of the previous year[5] - The company's total assets amounted to approximately CNY 2.47 billion, a decrease from CNY 2.60 billion at the end of 2020[27][28] - The company's cash and cash equivalents decreased to approximately CNY 217.18 million from CNY 225.14 million at the end of 2020[27] - Accounts receivable increased to approximately CNY 658.69 million from CNY 708.28 million at the end of 2020[27] - The company’s total liabilities decreased to CNY 675,176,840.05 from CNY 955,803,515.98, a reduction of 29.4%[32] - The equity attributable to shareholders of the parent company increased to CNY 1,824,520,068.06 from CNY 1,738,777,607.23, reflecting a growth of 4.9%[32] Cash Flow - Cash flow from operating activities for the year-to-date was ¥126,346,404.79, down 26.31% compared to the previous year[5] - Cash flow from operating activities generated a net inflow of CNY 126,346,404.79, down from CNY 171,463,113.12 in the previous year[36] - The company reported a net cash flow from investment activities of 32,833,296.22 RMB, a significant increase of 749.32% from -5,056,564.09 RMB in the previous year[11] - Cash inflow from investment activities totaled CNY 171,174,903.05, significantly higher than CNY 47,432,579.29 in the same period last year[36] - The total cash inflow from financing activities was 74,623,532.15 CNY, while cash outflow was 211,780,091.46 CNY, resulting in a net cash flow of -137,156,559.31 CNY[37] - The cash and cash equivalents at the end of the period amounted to 210,180,391.56 CNY, an increase of 22,023,141.70 CNY compared to the previous period[37] Investment and Shareholder Information - The company reported a significant increase in investment income, which rose by 344.46% to ¥25,757,333.50 due to the disposal of subsidiaries[10] - The company completed the absorption merger of its subsidiary Shenzhen Riye Electric Co., Ltd. by its subsidiary Changsha Riye Electric Co., Ltd., with the shareholding structure of Changsha Riye now being 90% held by Beijing Hekang New Energy Technology Co., Ltd.[18] - The total number of ordinary shareholders at the end of the reporting period was 32,592, with no preferred shareholders[13] - Guangdong Midea HVAC Equipment Co., Ltd. held the largest share at 18.93%, amounting to 208,685,418 shares[13] - The company plans to grant 33 million shares of restricted stock under the 2020 incentive plan, with an initial grant price of CNY 4.15 per share[23] - The first performance target for the 2020 incentive plan requires a year-on-year revenue growth of no less than 15% in 2021 compared to 2020[24] - The company repurchased and canceled 4.51 million shares of restricted stock due to failure to meet performance targets, with a repurchase price of CNY 2.32 per share[21] - The total number of shares after the completion of the repurchase and cancellation was reduced from 1,107,274,357 shares to 1,102,201,357 shares[22] Tax and Financial Expenses - The income tax expense increased by 307.31% to 20,423,141.43 RMB due to a rise in profits during the reporting period[11] - The company experienced a 44.59% decrease in tax refunds received, totaling 7,762,053.76 RMB compared to 14,007,997.63 RMB in the previous year[11] - The company’s financial expenses decreased by 67.07% to ¥4,533,071.73, attributed to the repayment of bank loans[10] Inventory and Operating Costs - The company’s inventory decreased to approximately CNY 312.75 million from CNY 369.97 million at the end of 2020[27] - Total operating costs decreased to CNY 905,164,021.60 from CNY 939,230,745.30, representing a reduction of 3.6%[32] - The company did not absorb any new investments during the reporting period, resulting in a 100% decrease in cash received from investment absorption[11] Other Information - The company did not adjust the initial balance sheet items for the new leasing standards implemented from January 1, 2021[38] - The third quarter report was not audited[40]