东土科技(300353) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥192,163,796.89, representing a 15.14% increase year-over-year, while the total revenue for the first three quarters reached ¥555,958,294.56, up 28.98% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was -¥9,240,905.30, a 16.10% increase in loss year-over-year, with a cumulative net profit of -¥34,661,921.66 for the first three quarters, reflecting a 52.81% increase in loss compared to the previous year[3]. - The company's operating revenue for Q3 2021 reached ¥555,958,294.56, an increase of 28.98% compared to the same period last year[11]. - Operating costs rose to ¥317,165,787.81, reflecting a 31.82% increase year-on-year, primarily due to the growth in operating revenue scale[11]. - Investment income surged to ¥111,240,531.96, marking a significant increase of 2522.68% year-on-year, attributed to the disposal of equity in Shanghai Hanxun[11]. - Net loss for Q3 2021 was CNY 41,817,040.14, an improvement from a net loss of CNY 78,153,456.28 in Q3 2020[28]. - Research and development expenses for Q3 2021 amounted to CNY 128,290,554.12, compared to CNY 121,564,558.28 in Q3 2020, reflecting a focus on innovation[27]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥7,400,811.63 for the first three quarters, which is a 107.75% increase compared to the same period last year[3]. - The net cash flow from operating activities improved to ¥7,400,811.63, a 107.75% increase compared to the previous year, driven by enhanced collection efforts on accounts receivable[12]. - The company experienced a 4069.06% decrease in cash flow from financing activities, totaling -¥204,906,001.12, as it focused on reducing liabilities and repaying external debts[12]. - As of September 30, 2021, the company's cash and cash equivalents decreased to ¥229.64 million from ¥423.09 million at the end of 2020, representing a decline of approximately 45.7%[23]. - The company reported a net decrease in cash and cash equivalents of CNY 173,579,305.57, an improvement from a decrease of CNY 215,751,456.47 in the previous period[31]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥2,240,775,371.36, a decrease of 9.90% from the end of the previous year[3]. - Total assets decreased to CNY 2,240,775,371.36 in Q3 2021 from CNY 2,487,042,619.13 in Q3 2020[25]. - Total liabilities decreased to CNY 1,368,955,995.20 in Q3 2021 from CNY 1,660,072,477.01 in the same period last year[25]. - The company's equity attributable to shareholders decreased to CNY 769,297,659.89 in Q3 2021 from CNY 806,644,722.29 in Q3 2020[25]. - The company had long-term borrowings of CNY 173,664,405.13, indicating reliance on debt financing[35]. Order Backlog and New Business - The company has a backlog of orders amounting to ¥828,940,000, which is a 16.74% increase from the end of the previous year[7]. - New orders for edge computing control products and industrial software reached ¥46,720,000, a significant year-over-year increase of 980%[8]. Research and Development - The company has increased its focus on R&D, with prepayments for R&D projects rising by 75.58% to ¥70,987,550.33[10]. - The company aims to enhance its market expansion and product development strategies moving forward[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,659, with the largest shareholder holding 23.07% of the shares[14]. - The total number of restricted shares held by major shareholder Li Ping decreased by 20.84 million shares during the reporting period[17]. - The company reported a total of 120.54 million restricted shares at the beginning of the period, with 99.69 million remaining at the end of the period after the release of some shares[18]. Strategic Initiatives - The company is actively collaborating with telecom operators on multiple 5G+ projects, integrating 5G technology with its NEWPRE series edge controllers[8]. - The company announced a capital increase of ¥44 million to its subsidiary, Dongtu Zhiyuan, to enhance resource integration and expand its industrial sector in the Yangtze River Delta market[19]. - The company implemented a restricted stock incentive plan to attract and retain key management personnel, enhancing its long-term governance structure[20]. - The company is actively working on alternative sourcing for components and materials in response to potential market risks due to its listing on the U.S. Entity List[21]. - The company continues to focus on providing high-quality products and services to clients across various industries, ensuring sustainable business growth[21]. Regulatory and Compliance - The company was listed on the U.S. Entity List, but it stated that this would not directly impact its sales to domestic customers or exports to other countries[21]. - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[37].