TGC(SZ:300265)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥574,509,449.30, representing a 39.12% increase compared to the same period last year[3]. - The net profit attributable to shareholders was ¥147,454.70, a significant decrease of 99.09% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was -¥1,191,799.02, down 108.30% from the previous year[3]. - Total operating revenue for the third quarter reached ¥1,356,442,921.90, a 29.1% increase from ¥1,049,992,318.44 in the same period last year[22]. - Net profit for the period was ¥42,515,393.30, down 21.5% from ¥54,150,412.85 year-over-year[23]. - The net profit attributable to the parent company was ¥37,426,072.96, compared to ¥49,270,636.88 in the previous year, indicating a decline of 24.0%[24]. - Comprehensive income totaled ¥50,529,174.26, slightly down from ¥53,380,681.42 in the prior year[24]. - Basic earnings per share decreased to ¥0.10 from ¥0.14 in the previous year, reflecting the decline in net profit[24]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥2,581,435,930.22, reflecting a 2.80% increase from the end of the previous year[3]. - As of September 30, 2021, the total assets of Jiangsu Tongguang Electronic Cable Co., Ltd. amounted to RMB 2,581,435,930.22, an increase from RMB 2,511,019,466.45 at the end of 2020[18]. - The company's current assets totaled RMB 1,798,094,797.96, compared to RMB 1,732,420,586.39 at the end of 2020, reflecting a growth of approximately 3.8%[18]. - The total liabilities increased to RMB 1,112,453,848.21 from RMB 1,002,250,641.86, reflecting a growth of approximately 11%[19]. - The company reported a total liability of ¥1,229,316,382.39, an increase from ¥1,129,660,300.89[23]. - Total liabilities amounted to CNY 1,129,660,300.89, with current liabilities at CNY 1,002,250,641.86[32]. - Non-current liabilities totaled CNY 127,409,659.03, including long-term borrowings of CNY 28,041,019.59 and bonds payable of CNY 65,118,206.10[32]. Cash Flow - The cash flow from operating activities showed a net outflow of -¥193,886,607.23, a drastic decline of 1167.76% compared to the same period last year[9]. - The cash inflow from operating activities totaled CNY 1,311,139,428.52, an increase from CNY 993,581,711.50 in the previous year, representing a growth of approximately 32%[27]. - The net cash outflow from operating activities was CNY -193,886,607.23, compared to CNY -15,293,592.13 in the same period last year, indicating a decline in operational cash flow[27]. - The cash inflow from investing activities was CNY 4,092,878.12, up from CNY 1,760,897.86, showing a significant increase of about 132%[28]. - The net cash outflow from investing activities was CNY -112,489,145.66, compared to CNY -38,805,608.19 in the previous year, reflecting a worsening investment cash flow situation[28]. - The cash inflow from financing activities amounted to CNY 733,760,414.67, an increase from CNY 522,908,827.70, marking a growth of approximately 40%[28]. - The net cash flow from financing activities was CNY 69,832,853.07, a recovery from a net outflow of CNY -231,956,282.79 in the same period last year[28]. Inventory and Operating Costs - The company's inventory increased by 32.52% to ¥288,012,253.86, attributed to business growth[8]. - The company experienced a 49.71% increase in operating costs, totaling ¥1,099,873,498.18, driven by higher sales and raw material prices[9]. - Operating costs amounted to ¥1,306,405,684.64, up from ¥969,623,544.65, reflecting a significant rise in expenses[22]. - The company reported a significant increase in inventory, which rose to RMB 288,012,253.86 from RMB 217,330,889.90, an increase of about 32.5%[18]. Research and Development - Research and development expenses increased to ¥51,944,585.80, up from ¥42,803,782.77, showing a commitment to innovation[23]. Legal and Market Developments - The company is currently involved in a significant lawsuit with Jiangsu Stedlight Optical Fiber Co., Ltd., which may impact future profits, although the exact effects are yet to be determined[16]. - The company has not disclosed any new product developments or market expansion strategies in the current report[15]. Accounting Standards - The company has implemented new leasing standards affecting the financial statements, which may impact future financial reporting[29]. - The company adopted the new leasing standards effective January 1, 2021, which did not affect shareholder equity[34]. - The report for the third quarter was not audited[34].