达威股份(300535) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was CNY 181,158,727.10, representing a 19.93% increase year-over-year and a 62.47% increase year-to-date[3] - The net profit attributable to shareholders for Q3 2021 was CNY 25,738,365.50, a decrease of 17.63% compared to the same period last year, while year-to-date net profit increased by 66.88% to CNY 58,441,766.79[3] - The basic earnings per share for Q3 2021 was CNY 0.2470, down 17.78% year-over-year, but year-to-date it increased by 66.84% to CNY 0.5616[3] - The company's operating revenue for Q3 2021 reached CNY 481,262,019.59, representing a 62.47% increase compared to CNY 296,220,131.91 in the same period last year[10] - Operating profit for the period was CNY 63.74 million, up 72.9% from CNY 36.85 million year-on-year[25] - Net profit attributable to the parent company was CNY 58.44 million, representing a 67.2% increase from CNY 35.02 million in the previous year[25] - The company reported a total comprehensive income of CNY 56.43 million, compared to CNY 32.21 million in the same quarter last year, an increase of 75.2%[26] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,188,141,134.33, an increase of 9.88% compared to the end of the previous year[4] - As of September 30, 2021, the company's total assets amounted to CNY 1,188.14 million, an increase from CNY 1,081.34 million at the end of 2020[21] - Total liabilities increased to CNY 242.99 million, up from CNY 202.25 million, indicating a growth of 20.1%[23] - The company’s total equity attributable to shareholders increased by 8.22% to CNY 889,667,456.42 compared to the previous year-end[4] - The company’s total equity reached CNY 945.15 million, an increase from CNY 879.09 million, representing a growth of 7.5%[23] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 41,450,495.96, showing a significant increase of 227.99%[3] - Cash inflow from operating activities was CNY 542.95 million, compared to CNY 274.90 million in the previous year, marking a 97.5% increase[28] - The net cash flow from operating activities for Q3 2021 was CNY 41,450,495.96, a significant improvement compared to a net outflow of CNY 32,386,807.33 in Q3 2020[29] - Cash received from sales of goods and services increased by 105.17% to CNY 533,867,068.32, reflecting enhanced collection efforts and increased bank acceptance bill discounts[11] - The total cash outflow from operating activities was CNY 501,495,464.32, compared to CNY 307,284,568.56 in Q3 2020[29] - The company reported a decrease in cash and cash equivalents by CNY 45,048,414.38 during Q3 2021[30] Expenses - Operating costs increased by 81.41% to CNY 306,933,606.74 from CNY 169,190,965.99, primarily due to the rise in transportation costs included in contract performance costs[10] - R&D expenses rose by 32.61% to CNY 27,893,702.90, driven by increased material costs for experimental projects[10] - Financial expenses surged by 1854.87% to CNY 4,899,440.84, mainly due to increased interest expenses on short-term bank loans[10] - The company reported a net profit increase, leading to income tax expenses of CNY 7,337,839.96, a 193.27% rise from CNY 2,502,116.85 in the previous year[10] Investments and Projects - The company reported a significant increase in construction in progress, which rose by 985.47% to CNY 86,320,882.49, attributed to ongoing smart manufacturing and land projects[9] - The company plans to invest CNY 150 million in the Smart Living Integrated Board project, with agreements signed for land use[18] - The company invested CNY 52.25 million in Chengdu Tuo Zhan New Materials Co., acquiring 1.9 million shares, representing 24.27% of the total capital after the increase[17] - The company provided a loan of CNY 50 million to its subsidiary, Wei Yuan Wood Industry, to support its business development[18] - The company has committed to providing a guarantee for a CNY 40 million loan for Wei Yuan Wood Industry, indicating ongoing support for its subsidiary[18] Other Financial Metrics - The company's weighted average return on equity for Q3 2021 was 2.94%, a decrease of 1.06% year-over-year, while year-to-date it was 6.82%, an increase of 2.30%[3] - The company's cash and cash equivalents decreased to CNY 14.23 million from CNY 59.33 million at the end of 2020, reflecting a significant reduction in liquidity[20] - The accounts receivable increased to CNY 217.72 million from CNY 228.31 million, indicating a slight decrease in collection efficiency[20] - The inventory increased to CNY 198.73 million from CNY 161.33 million, suggesting a buildup of stock[21] - The short-term loans increased to CNY 100,000,000.00, a 100% rise from CNY 50,000,000.00, reflecting the impact of new borrowings[10] - The cash paid for dividends and interest increased by 49.83% to CNY 13,058,014.51, due to higher interest expenses on short-term loans[11] Audit and Compliance - The Q3 2021 report was not audited, indicating that the figures may be subject to further review[32] - The company did not require adjustments to the initial balance sheet items due to the new leasing standards, as it only engages in short-term or low-value leases[31]