秀强股份(300160) - 2021 Q3 - 季度财报

Revenue and Profit - Revenue for Q3 2021 reached ¥384,529,625.34, an increase of 11.45% year-over-year, while year-to-date revenue was ¥1,035,259,747.23, up 17.69% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥50,721,851.97, a significant increase of 46.15% year-over-year, with year-to-date net profit at ¥98,816,511.06, up 7.57%[3] - The net profit excluding non-recurring gains and losses for Q3 2021 was ¥48,081,314.67, a remarkable increase of 127.22% year-over-year, while year-to-date it was ¥78,655,654.03, up 8.96%[3] - The company achieved operating revenue of CNY 1,035.26 million in the first three quarters of 2021, an increase of 17.69% compared to the same period last year[21] - The net profit attributable to shareholders of the listed company was CNY 98.82 million, reflecting a growth of 7.57% year-on-year[21] - Total operating revenue for Q3 2021 reached ¥1,035,259,747.23, an increase of 17.7% compared to ¥879,629,359.48 in Q3 2020[29] - Net profit for Q3 2021 was ¥98,560,911.06, compared to ¥91,851,680.41 in Q3 2020, representing an increase of 7.4%[29] - The total comprehensive income for the period was ¥98,560,911.06, compared to ¥91,851,680.41 in the same period last year, representing an increase of about 7.6%[30] Assets and Liabilities - Total assets as of September 30, 2021, amounted to ¥1,810,750,778.44, reflecting a 3.99% increase from the end of the previous year[3] - Current assets totaled ¥1,194,089,390.31 as of September 30, 2021, up from ¥1,094,603,180.71 at the end of 2020, indicating a growth of 9.1%[25] - Total liabilities decreased to ¥672,118,424.31 from ¥734,592,209.59, a reduction of 8.5%[26] - Shareholders' equity attributable to the parent company reached ¥1,137,263,087.66, marking a 12.80% increase compared to the end of the previous year[3] Cash Flow and Expenses - The cash flow from operating activities showed a decline of 22.42% year-to-date, totaling ¥99,978,496.98[3] - Cash paid for purchasing goods and services reached CNY 395.31 million, up 86.26% primarily due to increased order volume and rising raw material prices[14] - The company's cash and cash equivalents rose to ¥177,347,239.35 from ¥149,804,879.36, an increase of 18.4%[24] - The operating cash flow for the period was ¥99,978,496.98, down from ¥128,878,288.34 in the previous year, indicating a decrease of about 22.4%[31] - The company incurred cash outflows from financing activities totaling ¥293,781,103.23, compared to ¥507,005,014.39 in the previous year, indicating a reduction of approximately 42.0%[33] Investments and Subsidiaries - Investment cash outflow was CNY 113.75 million, mainly for investments in lithium battery technology[14] - The company established a new subsidiary, Hengyang Xiugang Optoelectronic Technology Co., Ltd., with a registered capital of CNY 1 million for solar photovoltaic component development[21] - A new wholly-owned subsidiary, Zhuhai Port Xiugang New Energy Technology Co., Ltd., was established with a registered capital of CNY 50 million[21] - Cash received from the disposal of subsidiaries and other operating units was CNY 112.20 million, doubling from CNY 56.10 million in the previous year[14] - The company reported a cash inflow from the disposal of subsidiaries amounting to ¥112,200,000.00, significantly higher than ¥56,100,000.00 in the previous year[31] Financial Performance Metrics - The weighted average return on equity for Q3 2021 was 4.59%, an increase of 0.99% year-over-year, while year-to-date it was 9.34%, up 0.16%[3] - The company reported a basic and diluted earnings per share of ¥0.16, up from ¥0.15 in the previous year, marking a growth of about 6.7%[30] - The company reported a significant decrease in financial expenses, with a net financial income of -¥6,724,805.10, a change of -264.79% year-over-year, mainly due to increased interest income[12] Inventory and Costs - Inventory increased by 50.27% to ¥239,673,838.44 compared to the end of 2020, primarily due to increased order volume[9] - Total operating costs for Q3 2021 were ¥937,858,054.26, up from ¥777,048,609.87 in the same period last year, reflecting a rise of 20.6%[29] - Research and development expenses for Q3 2021 were ¥38,797,028.53, up from ¥32,766,118.28, reflecting an increase of 18.4%[29] Tax and Dividends - Tax refunds received amounted to CNY 26.03 million, a significant increase of 907.22% due to higher export tax rebates[14] - Dividend payments decreased by 95.52% to CNY 5.92 million, as no profit distribution was implemented in 2021[14] Operational Efficiency - The company plans to enhance internal production efficiency and reduce energy consumption in response to power supply challenges[22]