KNT(SZ:300225)2021-11-29 16:00Financial Performance - Net profit attributable to shareholders surged by 432.22% to CNY 50,250,101.05 for the current period[7] - Operating revenue rose by 28.81% to CNY 257,365,243.87 for the current period[7] - Basic earnings per share increased by 431.34% to CNY 0.1068[7] - The company reported a net profit of CNY 396,191,886.18, up from CNY 332,717,725.75, indicating an increase of about 19.1%[40] - Net profit for Q3 2020 was ¥49,741,189.22, compared to ¥9,700,769.54 in the previous year, reflecting a significant increase of approximately 413.5%[47] - The company reported a total profit of CNY 71,495,880.02, compared to CNY 27,052,946.30 in the same period last year, an increase of 164.5%[55] - The company expects a net profit attributable to shareholders of approximately 84.22 million CNY for the year, representing a growth of 179.98% compared to the previous year[28] Assets and Liabilities - Total assets increased by 18.09% to CNY 1,389,497,930.29 compared to the end of the previous year[7] - Current assets totaled CNY 1,063,437,310.42, up from CNY 795,355,515.36, indicating a growth of about 33.6% year-over-year[37] - Total liabilities increased significantly, with accounts payable rising by 64.26% to ¥188,108,038.21 due to increased raw material purchases[19] - Total liabilities rose to CNY 410,737,125.74 from CNY 237,668,182.98, marking an increase of about 72.5%[39] - The total liabilities increased to ¥402,751,084.37 from ¥237,776,481.52, showing a rise of approximately 69.3%[46] Cash Flow - Net cash flow from operating activities showed a significant decline, reaching -CNY 56,479,183.02, a decrease of 449.74%[7] - The net cash flow from operating activities was -56,479,183.02 CNY, a decrease compared to 16,148,950.63 CNY in the previous period[63] - Cash inflow from investment activities totaled 590,616,171.95 CNY, with cash outflow at 705,788,591.43 CNY, leading to a net cash flow of -115,172,419.48 CNY[64] - The company experienced a net cash decrease of 149,273,559.57 CNY during the period, compared to a decrease of 82,678,854.28 CNY previously[64] Shareholder Information - The top shareholder, Hainan Dahe Enterprise Management Co., Ltd., holds 19.23% of the shares, totaling 94,076,600 shares[11] - The total number of ordinary shareholders at the end of the reporting period was 15,781[11] - There were no repurchase transactions conducted by the top ten shareholders during the reporting period[12] Investments and Incentives - The company approved the 2020 Restricted Stock Incentive Plan, granting 19.1653 million shares at a price of 2.91 CNY per share to 14 incentive objects[22] - The company confirmed an investment income of approximately 31.0781 million CNY from a performance compensation payment received from an investment fund[29] - Investment income increased by 471.08% to ¥26,416,522.73, mainly from performance compensation received from an investment fund[19] Operational Insights - Management expenses increased by 57.36% to ¥47,802,516.88, influenced by new office leases and increased operational costs[19] - The company maintained close communication with existing major customers to enhance product share and meet diverse demands[29] - The company plans to expand its market presence and invest in new technologies to enhance product offerings and operational efficiency[38] Compliance and Governance - The company did not report any violations regarding external guarantees during the reporting period[31] - The company did not experience any non-operational fund occupation by controlling shareholders or related parties during the reporting period[32] - The company’s stock incentive plan received independent approval from the board of directors and the supervisory board[22] Miscellaneous - The company implemented new revenue and lease standards starting in 2020, affecting prior comparative data[77] - The company has not audited the Q3 report[77]