THD(SZ:300397)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥159,739,779, a decrease of 32.98% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥9,136,748.37, down 56.17% year-on-year, while the net profit after deducting non-recurring gains and losses was a loss of ¥7,624,781.39, a decrease of 148.51%[3]. - Total operating revenue for the third quarter was CNY 413,421,367.96, a decrease of 56.1% compared to CNY 940,890,390.27 in the same period last year[26]. - The company reported a net loss of CNY 398,977.44, compared to a net profit of CNY 177,907,934.72 in the previous year[27]. - The basic and diluted earnings per share were CNY 0.0029, significantly lower than CNY 0.1929 in the same quarter last year[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,468,777,737.90, an increase of 31.15% compared to the end of the previous year[3]. - The total current assets amounted to CNY 1,466,548,009.26, up from CNY 971,630,265.56, indicating a growth of about 51%[24]. - The total liabilities increased to CNY 411,250,011.25, compared to CNY 398,834,611.02 at the end of the previous period[26]. - Total liabilities amounted to CNY 398,834,611.02, a decrease of CNY 24,427,226.06 compared to the previous period[34]. - Non-current liabilities were CNY 29,972,615.26, down from CNY 42,294,574.18, indicating a reduction of CNY 12,321,958.92[34]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥21,113,890.18, a decrease of 89.61% compared to the same period last year[3]. - Cash received from investment increased by 234.04% to 1,176,816,750.00, attributed to increased redemption of financial products[9]. - The net cash flow from operating activities for Q3 2021 was CNY 21,113,890.18, a significant decrease of 89.6% compared to CNY 203,253,353.63 in Q3 2020[29]. - The net increase in cash and cash equivalents for Q3 2021 was CNY 614,604,067.37, a significant rise from CNY 24,998,274.85 in Q3 2020[30]. Investment and Development - The company’s investment income increased by 1063.33% to ¥6,474,506.72, primarily due to gains from redeeming financial products[8]. - The company’s development expenditure rose by 37.43% to ¥47,762,318.57, driven by ongoing investments in 5G RF chip and military technology projects[8]. - The company is investing CNY 169,981,000 in the construction of the Xi'an High-tech Tianhe Defense Phase II - 5G Communication Industrial Park, covering an area of approximately 260 acres[19]. - The company is actively developing new products in the 5G communication sector, including isolators, circulators, and RF microwave chips, as part of its industrial park project[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 55,605[11]. - The largest shareholder, He Zenglin, holds 25.11% of the shares, amounting to 129,971,700 shares, with 71,744,775 shares pledged[11]. - The company did not distribute dividends during the current period, leading to a 89.58% decrease in cash paid for dividends and interest to 2,057,186.56[9]. Fundraising Activities - The company raised a total of 1,962,066 shares through private placements to support funding, with the largest single contribution being 1,111,838 shares[15]. - The fundraising efforts are expected to bolster the company's financial position and facilitate strategic investments in technology and market expansion[16]. - The successful completion of this fundraising round positions the company favorably for future market opportunities and competitive advantages[16]. Tax and Expenses - The total tax expense decreased by 110.82% to -3,037,103.69 due to a reduction in total profit[9]. - Cash received from tax refunds increased by 739.41% to 12,153,035.92, primarily due to tax rebate receipts[9]. - Research and development expenses were CNY 58,193,896.58, an increase of 11.6% from CNY 52,281,931.56 in the same period last year[26]. Other Financial Metrics - The company reported a significant increase in cash and cash equivalents, reaching ¥734,956,716.05, up 510.67% from the previous year-end[8]. - The total equity attributable to shareholders increased by 65.38% to ¥2,051,642,245.59 compared to the end of the previous year[3]. - The company has implemented the new leasing standards since January 1, 2021, affecting the accounting treatment of leases[34].