龙源技术(300105) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥70,699,024.11, a decrease of 30.73% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥9,604,402.70, a decline of 367.31% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥10,377,897.50, a decrease of 469.72% compared to the previous year[2]. - The basic and diluted earnings per share were both -¥0.0205, reflecting a drop of 392.86% year-on-year[2]. - The net profit for the third quarter of 2021 was a loss of CNY 23,632,908.74, compared to a loss of CNY 16,165,267.86 in the same period last year[26]. - The company reported a basic and diluted earnings per share of -0.0478, compared to -0.0315 in the previous period, indicating a decrease in profitability[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,199,243,678.95, down 2.60% from the end of the previous year[2]. - The total current assets decreased to CNY 1,922,503,552.79 from CNY 2,050,151,012.49[22]. - The total liabilities increased to CNY 415,177,613.03 from CNY 399,417,308.20 year-over-year[23]. - The company reported a decrease in total equity to CNY 1,784,066,065.92 from CNY 1,858,638,890.73[23]. Cash Flow - The cash flow from operating activities showed a net increase of 118.70%, amounting to ¥1,249,795.73[2]. - The net cash flow from operating activities for the current period is CNY 1,249,795.73, compared to a negative cash flow of CNY -6,684,534.38 in the previous period, indicating a significant improvement[30]. - The total cash inflow from investment activities was CNY 1,053,168,438.45, while cash outflow was CNY 1,073,052,463.76, resulting in a net cash flow from investment activities of CNY -19,884,025.31, a decline from CNY 960,327,270.77 in the previous period[30]. - The total cash and cash equivalents at the end of the period decreased to CNY 125,371,371.93 from CNY 962,545,342.66 at the end of the previous period, reflecting a decline of approximately 87%[31]. - The company’s cash outflow for financing activities was CNY 52,378,643.90, compared to CNY 102,695,263.62 in the previous period, indicating a reduction in financing costs[30]. Investments and Projects - The company's long-term equity investments increased by 100%, totaling ¥77,454,969.18, due to investments in new energy companies[8]. - The company's inventory increased by 34.97%, amounting to ¥61,425,279.12, attributed to more unfinished projects[8]. - The company achieved new contracts in the non-electric sector, including the flue gas treatment project for Citic Jinzhou and the denitrification project for Shandong Laigang[18]. - In the clean energy sector, the company signed geothermal heating projects with Dongying Longyuan and Dongming Zhongji[18]. - The first plasma ignition furnace for the Zimbabwe project has been completed and is ready for shipment[18]. Operational Efficiency - The financial expenses decreased by 51.90%, amounting to a reduction of ¥9,584,742.77, primarily due to increased interest from time deposits[9]. - The net cash flow from financing activities decreased by 82.46%, totaling a reduction of ¥84,682,499.72, mainly due to dividend distributions[10]. - The company established a bulk material procurement team to effectively reduce procurement costs through bargaining advantages[18]. - A comprehensive reform leadership group was formed to accelerate the promotion of reform and transformation for sustainable development[18]. Human Resources - The company introduced 6 technical talents and 3 skilled talents through campus recruitment and interviews[19]. - The company conducted internal training to enhance employees' knowledge and skills, promoting talent development[19]. Shareholder Information - The top 10 shareholders hold a total of 119,322,720 shares (22.83%) and 96,228,000 shares (18.41%) respectively[13]. - The company has a total of 7,534,000 shares under equity incentive lock-up for middle management and key technical personnel[16]. Revenue and Costs - Total revenue for the third quarter of 2021 was CNY 212,033,487.89, compared to CNY 181,056,234.01 in the previous period[25]. - Total operating costs increased to CNY 237,455,718.71 from CNY 224,538,907.70 year-over-year[25]. - Cash received from the sale of goods and services increased to CNY 414,717,985.57, up from CNY 328,461,105.97 in the same period last year, representing a growth of approximately 26.2%[28]. - Cash paid for purchasing goods and services rose to CNY 304,932,651.36 from CNY 247,386,652.79, marking an increase of about 23.3%[30]. Taxation - The company received CNY 70,700.64 in tax refunds, an increase from CNY 32,371.55 in the previous period[28]. Other Financial Information - The company did not report any net profit from the merged entity prior to the merger, with both periods showing CNY 0.00[27]. - The company has not made any adjustments to the initial balance sheet items under the new leasing standards, indicating no significant impact on financial status or cash flow[32].