MINDEO(SZ:300656)2021-10-27 16:00Financial Performance - The company's revenue for Q3 2021 was ¥157,847,391.05, representing a 44.24% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥25,800,310.86, a significant increase of 139.61% year-over-year[3]. - The basic earnings per share for Q3 2021 was ¥0.2154, up 139.60% from the previous year[3]. - The company achieved operating revenue of RMB 157.85 million for the reporting period, an increase of 44.24% compared to the same period last year[15]. - The net profit attributable to shareholders of the listed company for the reporting period was RMB 25.80 million, representing a significant increase of 139.61% year-on-year[15]. - For the first three quarters of 2021, the company reported cumulative operating revenue of RMB 360.36 million, up 59.79% year-on-year, and a net profit of RMB 51.53 million, an increase of 84.80% year-on-year[15]. - The basic earnings per share increased by 84.79% year-on-year, driven by the growth in net profit attributable to shareholders[11]. - The weighted average return on equity increased by 4.00 percentage points year-on-year, reflecting improved profitability[11]. - The net profit for Q3 2021 was CNY 51,565,465.05, representing a 91.8% increase compared to CNY 26,925,063.85 in Q3 2020[24]. - Operating profit for Q3 2021 was CNY 59,406,693.69, up from CNY 30,477,671.81 in the same period last year, indicating a growth of 95.2%[24]. - Total revenue from sales and services received in Q3 2021 was CNY 371,993,927.53, compared to CNY 231,584,194.68 in Q3 2020, marking an increase of 60.6%[27]. - The company reported a total comprehensive income of CNY 51,246,707.41 for Q3 2021, compared to CNY 25,160,289.26 in Q3 2020, reflecting a growth of 103.5%[24]. - Basic and diluted earnings per share for Q3 2021 were both CNY 0.4302, up from CNY 0.2328 in Q3 2020, representing an increase of 84.8%[24]. Cash Flow and Investments - The company reported a 1,259.48% increase in net cash flow from operating activities year-to-date, totaling ¥38,333,802.74[3]. - The cash flow from operating activities for Q3 2021 was CNY 38,333,802.74, a significant recovery from a negative cash flow of CNY -3,306,120.38 in Q3 2020[27]. - The net cash flow from investing activities for Q3 2021 was CNY -11,689,068.54, a decrease from CNY 18,849,532.07 in Q3 2020[28]. - The net cash flow from financing activities for Q3 2021 was CNY -70,176,896.89, compared to a positive cash flow of CNY 61,361,385.75 in Q3 2020[28]. - The company's cash and cash equivalents net increase decreased by 157.12% year-on-year, attributed to increased bank loan repayments and payments for equity stakes[11]. - Cash and cash equivalents decreased to CNY 27,333,042.05 as of September 30, 2021, down from CNY 71,275,250.84 at the end of 2020, a decline of 61.7%[20]. - The ending balance of cash and cash equivalents as of Q3 2021 was CNY 27,333,042.05, down from CNY 129,273,323.33 at the end of Q3 2020[28]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥788,083,684.44, a decrease of 2.76% from the end of the previous year[3]. - Total assets amounted to CNY 788,083,684.44 as of September 30, 2021, down from CNY 810,467,730.74 at the end of 2020, a decrease of 2.8%[23]. - Total liabilities decreased to CNY 245,265,830.31 in Q3 2021 from CNY 263,599,218.14 in Q3 2020, a reduction of 7%[22]. - The company's equity attributable to shareholders was CNY 532,483,151.31 as of September 30, 2021, slightly down from CNY 534,678,201.52 at the end of 2020[23]. - The company reported a net profit increase, with retained earnings rising to CNY 247,779,694.93 from CNY 210,719,483.05 in the previous year, an increase of 17.6%[23]. Research and Development - Research and development expenses increased by 39.67% year-to-date, reflecting the company's commitment to innovation[9]. - Research and development expenses increased to CNY 15,540,143.90 in Q3 2021, compared to CNY 11,126,285.17 in Q3 2020, marking an increase of 39.4%[23]. Strategic Investments - The company completed the acquisition of 73.51% of Guangwei Integrated Circuit Co., enhancing its power semiconductor design capabilities[15]. - The company plans to invest RMB 60 million in Zhejiang Guangxin Microelectronics Co., aiming to strengthen its power semiconductor industry chain[17]. - The company intends to raise up to RMB 50 million through a private placement to fund the R&D and industrialization of silicon carbide power devices[18]. - The company’s long-term equity investments increased by 33.94% year-to-date, attributed to additional investments in Zhejiang Jingrui Electronics[7]. Other Financial Metrics - The company’s financial expenses increased by 105.12% year-to-date, primarily due to higher bank loan amounts and interest expenses[10]. - The company’s inventory at the end of Q3 2021 increased by 36.74% compared to the end of the previous year, driven by increased sales volume[7]. - Accounts receivable stood at CNY 198,604,021.80 as of September 30, 2021, slightly down from CNY 213,694,919.41 at the end of 2020, a decrease of 7.1%[20]. - Inventory increased to CNY 91,786,620.55 in Q3 2021, compared to CNY 67,125,799.36 in Q3 2020, representing a growth of 36.7%[21].