朗进科技(300594) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥124,854,248.08, a decrease of 12.23% compared to the same period last year[6] - The net profit attributable to shareholders was -¥19,641,667.82, representing a decline of 209.68% year-on-year[6] - The basic earnings per share for the period was -¥0.22, down 210.00% from the previous year[6] - In Q3 2021, the company achieved operating revenue of 124.85 million RMB, a decrease of 12.23% year-on-year; net profit attributable to shareholders was -19.64 million RMB, a decline of 209.68% compared to the same period last year[15] - As of the end of Q3 2021, the total operating revenue reached 395.09 million RMB, down 2.38% year-on-year; net profit attributable to shareholders was -9.28 million RMB, a decrease of 114.59% year-on-year[15] - The net profit for the third quarter was a loss of CNY 9,213,688.57, compared to a profit of CNY 63,487,929.03 in the same period last year[25] - The company recorded a basic and diluted earnings per share of -CNY 0.10, compared to CNY 0.72 in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,269,220,323.27, an increase of 1.25% from the end of the previous year[6] - The company’s total assets as of September 30, 2021, amounted to approximately 1.27 billion RMB, compared to 1.25 billion RMB at the end of 2020[20] - The total liabilities increased to CNY 373,795,950.87 from CNY 358,439,971.47, indicating a rise in financial obligations[24] - The total equity attributable to shareholders was CNY 895,173,548.61, slightly down from CNY 895,218,326.91[24] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥73,342,625.28, reflecting an 8.55% increase compared to the previous year[6] - The company reported a net cash outflow from operating activities of CNY 73,342,625.28, an improvement from a net outflow of CNY 80,203,098.29 in the previous period[28] - Cash inflows from operating activities totaled CNY 224,132,713.46, up from CNY 149,424,709.49 in the previous period[28] - The net cash flow from investment activities was -¥83,176,235.22, compared to -¥6,363,094.02 in the previous year, indicating a significant increase in cash outflow[29] - The total cash inflow from financing activities was ¥99,000,000.00, down from ¥115,103,500.00 year-over-year[29] - Cash outflow for debt repayment was ¥79,000,000.00, a decrease from ¥94,900,000.00 in the same period last year[29] - The net cash flow from financing activities was -¥1,416,568.95, compared to -¥2,575,695.02 in the previous year, showing an improvement[29] - The net increase in cash and cash equivalents was -¥158,121,213.17, compared to -¥89,428,821.12 in the previous year, reflecting a worsening cash position[29] - The ending balance of cash and cash equivalents was ¥48,943,754.13, down from ¥81,616,261.18 year-over-year[29] Expenses - The company reported a significant increase in sales expenses, which rose by 69.49% to ¥55,976,559.98 due to expansion into new business markets[10] - Research and development expenses increased by 37.57% to ¥40,924,970.92, driven by higher labor and material costs[11] - Total operating costs increased to CNY 401,968,305.87 from CNY 324,743,864.86, with operating costs specifically rising from CNY 242,111,152.70 to CNY 274,918,943.21[24] Market and Innovation - The decline in revenue and net profit was primarily due to delayed delivery of some rail transit project orders, increased costs of raw materials, and higher employee compensation due to a stock incentive plan[15] - The company has increased its market investment, successfully winning new bids for multiple metro projects, including the Shenyang Metro Line 4 and the West Xi'an Metro Line 2[16] - The company has completed the full series development of intelligent energy-saving air conditioning products for new energy vehicles, data centers, and industrial heat pump drying fields, which are now entering mass sales[17] - The company is focusing on carbon peak and carbon neutrality opportunities, leveraging its core technologies to enhance market presence in high-end energy-saving equipment manufacturing[17] Intellectual Property - As of September 30, 2021, the company had 65 patent applications and 64 patents granted, with a total of 187 authorized patents, including 10 invention patents[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,745[12] Other Information - The company did not adjust the beginning balance sheet items for the new leasing standards, as it only has short-term and low-value leases[30] - The third-quarter report was not audited, which may affect the reliability of the financial data presented[31]