AFR(SZ:300620)2021-10-26 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥179,720,517.80, representing a 30.91% increase year-over-year[7] - Net profit attributable to shareholders was ¥39,953,007.74, up 111.93% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥35,177,332.19, reflecting a 152.23% increase year-over-year[7] - Operating revenue for the current period reached ¥487,153,776.71, a 40.68% increase compared to ¥346,277,479.36 in the previous period, driven by technological innovation and new product launches[14] - Net profit for the period was ¥97,542,619.08, representing a 117.5% increase compared to ¥44,718,350.36 in the same quarter last year[40] - The company reported a comprehensive income total of ¥89,424,939.19, significantly higher than ¥49,125,551.32 from the previous year[42] - Basic earnings per share for the quarter were ¥0.9074, compared to ¥0.4839 in the previous year[42] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,734,655,107.35, a 6.96% increase from the end of the previous year[7] - The total liabilities increased to ¥229,026,918.94, compared to ¥218,866,185.37 in the previous period[36] - Non-current assets totaled ¥515,487,039.14 as of September 30, 2021, up from ¥426,720,628.96 at the end of 2020, marking an increase of approximately 20.8%[30] - The total number of ordinary shareholders at the end of the reporting period was 10,151[19] - The company's equity attributable to shareholders was $1,402,929,594.14, remaining unchanged[56] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥26,730,989.94, showing a significant increase of 299.16%[7] - Net cash flow from operating activities improved significantly by 299.16% to ¥26,730,989.94 from ¥6,696,832.12, primarily due to better customer payment collections[15] - Cash flow from investment activities showed a net outflow of ¥101,693,495.27, worsening from a net outflow of ¥63,691,165.57 in the previous period[47] - Cash flow from financing activities resulted in a net outflow of ¥46,816,867.79, compared to a net outflow of ¥22,893,940.00 previously, reflecting an increase of 104.5%[47] - The ending balance of cash and cash equivalents was ¥719,845,087.88, a decrease from ¥843,717,628.41 at the beginning of the period[47] Inventory and Receivables - Accounts receivable increased by 52.74% to ¥210,005,151.56, attributed to the expansion of sales scale[10] - Inventory rose by 90.12% to ¥195,716,152.88, driven by increased production scale and proactive stocking of key raw materials[10] - The company reported a significant increase in prepayments, which rose to ¥11,511,542.74 from ¥3,620,548.50 year-over-year, indicating a growth of approximately 218%[30] Research and Development - Research and development expenses increased by 80.45% to ¥54,853,077.78 from ¥30,398,696.07, reflecting higher investment in R&D personnel and materials[14] - Research and development expenses increased to ¥54,853,077.78, a 80.5% rise from ¥30,398,696.07 year-over-year[37] Shareholding and Equity - The largest shareholder, Zhuhai Huafa Entity Industry Investment Holding Co., Ltd., holds 23.76% of shares, totaling 25,992,176 shares[19] - Infinimax Assets Limited, the second-largest shareholder, owns 18.58% with 20,324,160 shares[19] - The company plans to unlock 25% of the shares held by executives annually, as per the lock-up rules[26] - The 2021 stock incentive plan includes 510,000 shares, which are subject to unlocking according to the plan's regulations[30] - The company has undergone changes in shareholding structure, with several executives transitioning from indirect to direct shareholding, impacting the restricted shares[26] Operational Efficiency - The cash flow from operating activities showed improvement, reflecting the company's enhanced operational efficiency[39] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39]