苏大维格(300331) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥376,575,283.28, representing a 3.99% increase year-over-year, while the year-to-date revenue reached ¥1,178,044,114.91, up 26.21% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥817,875.04, a significant decrease of 95.94% year-over-year, but the year-to-date net profit was ¥52,553,017.32, an increase of 55.62%[3] - The company reported total operating revenue of RMB 1,178,044,114.91 for the current period, compared to RMB 933,376,832.49 in the previous period, indicating significant growth[34] - The net profit for Q3 2021 was CNY 45.86 million, representing a 63% increase from CNY 28.18 million in the same period last year[36] - The total profit for Q3 2021 was CNY 55.61 million, an increase of 60% from CNY 34.69 million in Q3 2020[36] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥91,245,367.97 for the year-to-date, reflecting a decline of 333.24% compared to the previous year[3] - The net cash flow from operating activities for the first nine months of 2021 was -91,245,367.97 RMB, a decrease of 333.24% compared to -21,060,987.88 RMB in the same period of 2020, primarily due to increased procurement payments for inventory production[12] - The net cash flow from financing activities increased by 135.12% to 749,625,951.83 RMB in 2021 from 318,825,704.88 RMB in 2020, mainly due to funds raised from issuing shares to specific investors[12] - The company’s cash and cash equivalents increased by 91.12% to ¥673,281,313.00, primarily due to funds raised from a specific stock issuance[9] - The company reported a total cash and cash equivalents balance of CNY 654.18 million at the end of Q3 2021, compared to CNY 164.74 million at the end of Q3 2020[40] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥3,891,419,052.50, which is a 26.20% increase from the end of the previous year[3] - The company’s total liabilities decreased to RMB 1,484,136,625.12 from RMB 1,513,655,916.20, indicating a reduction in financial leverage[32] - The company’s equity attributable to shareholders increased to RMB 2,394,316,265.22 as of September 30, 2021, compared to RMB 1,553,864,246.08 at the end of 2020, reflecting strong retained earnings[32] - Total current assets amounted to approximately CNY 1.68 billion as of Q3 2021[43] - Total non-current assets reached approximately CNY 1.40 billion, resulting in total assets of approximately CNY 3.08 billion[44] Research and Development - The company’s R&D expenses for the first nine months of 2021 were ¥84,625,654.84, a 35.37% increase compared to the same period in 2020, indicating a focus on new technology and product development[10] - Research and development expenses increased to CNY 84.63 million in Q3 2021, up from CNY 62.52 million in Q3 2020, reflecting a growth of 35%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,050, with no preferred shareholders having restored voting rights[14] - The largest shareholder, Chen Linsen, holds 18.40% of the shares, amounting to 47,782,590 shares, with 37,678,492 shares pledged[14] - The company has a total of 37,678,492 restricted shares held by Chen Linsen, which will be unlocked at a rate of 25% annually during his term[17] - The top ten shareholders collectively hold a significant portion of the company's shares, with the second-largest shareholder, Yu Zhangxing, owning 8.19% or 21,272,004 shares[14] - The controlling shareholder, Chen Linshen, plans to reduce his holdings by up to 3 million shares, representing 1.16% of the total share capital, within a six-month window starting September 22, 2021[29] Strategic Initiatives - The company plans to use the raised funds to increase capital in its wholly-owned subsidiary, Wei Wang Technology, and invest in the optical-grade sheet project[21] - The company approved a change in the implementation method of the optical-grade sheet project to purchasing a factory instead of leasing[22] - The company is actively pursuing strategic cooperation in optical technology fields, including TOF and AR, to enhance its market position[28] - The company has made progress in key industrialization projects, including micro-nano new material manufacturing and high-performance flexible touch screens[25] Inventory and Production - The company’s inventory at the end of Q3 2021 was ¥725,241,051.68, reflecting a 48.95% increase, attributed to expanded business scale and increased material stocking[9] - The company’s inventory rose to RMB 725,241,051.68 from RMB 486,901,688.80, indicating increased production or stockpiling[30] - The production and sales of the micro-nano new material project and the first phase of the optical guide plate project are continuously increasing[25] Other Financial Metrics - The weighted average return on equity for the year-to-date was 2.99%, an increase of 0.77% compared to the previous year[3] - The company experienced a foreign exchange loss of -573,465.70 RMB, an improvement of 31.08% compared to -832,049.52 RMB in the previous year[12] - The company’s goodwill was approximately CNY 391.63 million, highlighting its acquisition strategy[44] - The company’s stock incentive plan is progressing smoothly, with adjustments made to the list of incentive targets and share allocations[24]