海波重科(300517) - 2021 Q3 - 季度财报

Financial Performance - Revenue for Q3 2021 was CNY 173,601,959.44, a decrease of 4.42% compared to the same period last year, while year-to-date revenue reached CNY 851,140,337.89, an increase of 85.44%[4] - Net profit attributable to shareholders for Q3 2021 was CNY 7,223,360.92, down 43.63% year-on-year, with year-to-date net profit at CNY 72,229,920.10, up 111.17%[4] - Basic earnings per share for Q3 2021 was CNY 0.038, a decrease of 68.68% compared to the same period last year, while year-to-date basic earnings per share was CNY 0.38, an increase of 18.75%[4] - Total operating revenue for the period reached ¥851,140,337.89, a significant increase of 85.2% compared to ¥458,984,974.48 in the previous period[26] - Net profit for the period was ¥72,229,920.10, representing a 111.1% increase from ¥34,204,225.93 in the same period last year[27] - Basic and diluted earnings per share were both ¥0.38, compared to ¥0.32 in the previous period[28] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY -119,401,949.52, a significant decrease of 475.64%[4] - Cash flow from operating activities generated ¥477,640,779.28, compared to ¥371,734,404.48 in the prior period[29] - Operating cash inflow totaled CNY 518,355,081.66, an increase from CNY 397,008,244.10 in the previous year[31] - Cash outflow from financing activities reached CNY 108,409,359.00, significantly higher than CNY 32,133,045.97 in the previous year[32] - Cash outflow for operating activities amounted to CNY 637,757,031.18, compared to CNY 365,222,075.83 in the previous year[31] - The ending balance of cash and cash equivalents was CNY 140,281,510.90, slightly up from CNY 139,193,006.95 a year ago[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,815,054,633.55, a slight increase of 0.47% from the end of the previous year[4] - The company's cash and cash equivalents decreased to CNY 205,282,610.38 from CNY 412,896,350.36 at the end of 2020, representing a decline of approximately 50.3%[23] - Accounts receivable increased significantly to CNY 704,266,364.44, up from CNY 478,670,112.75, indicating a growth of about 47.2%[23] - The company's inventory decreased to CNY 321,994,125.55 from CNY 428,665,083.48, reflecting a reduction of approximately 25%[23] - Total current liabilities decreased to CNY 706,813,235.20 from CNY 772,919,373.71, a decline of about 8.5%[24] - The company's long-term borrowings remained stable, with non-current liabilities totaling CNY 195,310,074.47, slightly up from CNY 189,265,884.75[24] Research and Development - Research and development expenses for the year-to-date period were CNY 30,937,495.68, an increase of 57.00% compared to the previous year, reflecting increased investment in production technology and automation[8] - Research and development expenses increased to ¥30,937,495.68, up from ¥19,705,315.07, reflecting a focus on innovation[26] Legal and Claims - The company has initiated legal proceedings against Jiangsu Jialong Engineering Construction Co., demanding RMB 13,101,685.37 for unpaid project fees and a penalty of RMB 41,265,988.74 for overdue payments[16] - The company is involved in multiple ongoing legal disputes, with significant amounts claimed in each case, indicating potential financial impacts[15][16] - The company has a total of 4,128,201.5 RMB in additional claims related to site occupation fees and other costs due to contract delays[14] - The company has a total of 2,894,401.11 RMB in claims against Henan Liu Jian for project payments, with ongoing appeals in the case[15] - The company has a total of 11,894.55 RMB to be returned from Wuhan Chuli Yilong Bridge Engineering Co. as per a court ruling[16] - The company is actively pursuing legal actions to recover significant amounts owed, reflecting ongoing operational challenges[14][15][16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,449, with the largest shareholder holding 52.97% of the shares[10] - The company has a total of 695,160 restricted shares held by Song Xiongwen, with 62,415 shares released from restriction during the reporting period[13] - The company has a total of 62,415 shares released from restriction during the reporting period, indicating some liquidity for shareholders[13] Government Subsidies - The company received government subsidies amounting to CNY 4,543,755.84 during the reporting period, representing a 171.75% increase compared to the previous year[8] Financial Position - The company reported a total equity of CNY 912,931,323.88 as of September 30, 2021, up from CNY 844,306,476.88 at the end of 2020[24] - The total assets and equity reached ¥1,815,054,633.55 and ¥912,931,323.88 respectively, indicating a stable financial position[25]