KFMI(SZ:300666)2021-10-27 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥400,086,052.04, representing a 28.23% increase year-over-year, while the year-to-date revenue was ¥1,123,427,970.19, up 32.93% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥28,612,562.61, a 21.21% increase year-over-year, with a year-to-date net profit of ¥68,827,014.40, reflecting a 15.94% increase[4] - Total operating revenue for the third quarter reached ¥1,123,427,970.19, an increase of 33% compared to ¥845,122,931.73 in the same period last year[38] - Net profit attributable to the parent company was ¥408,202,378.85, compared to ¥343,466,945.99 in the previous year, representing an increase of approximately 19%[37] - The total profit for the current period is 97,597,922.78, down from 121,405,120.52, reflecting a decline of 19.6%[41] - The total comprehensive income for the current period is 88,165,443.69, down from 107,951,706.87, indicating a decrease of 18.4%[44] Cash Flow and Liquidity - The company's cash flow from operating activities for the year-to-date period was ¥104,646,698.68, showing a significant increase of 209.45%[4] - The net cash flow from operating activities increased by 209.45% to ¥104,646,698.68, primarily due to reduced inventory levels compared to the previous year[14] - The cash received from financing activities decreased by 61.39% to ¥74,583,221.46, primarily due to a reduction in employee stock option exercises[14] - The net cash flow from financing activities increased by 41.21% to ¥526,753,508.34, mainly due to the successful issuance of convertible bonds[14] - The net increase in cash and cash equivalents was ¥391,893,297.73, a significant increase of 1366.33%, driven by the successful issuance of convertible bonds and improved operating cash flow[14] - The company reported a cash and cash equivalents balance of 797,601,583.71 at the end of the period, compared to 217,902,789.45 at the end of the previous period, showing a substantial increase[48] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥3,180,089,890.99, a 34.10% increase from the end of the previous year[4] - The total assets of the company increased to ¥3,180,089,890.99 from ¥2,371,502,811.46, marking a growth of about 34%[37] - Current liabilities totaled ¥1,105,793,951.50, slightly up from ¥1,082,185,837.21, indicating a 2% increase[34] - Non-current liabilities rose significantly to ¥672,848,692.49 from ¥199,181,609.67, reflecting a growth of approximately 237%[34] - The total liabilities increased to CNY 1,340,238,557.04, reflecting an adjustment of CNY 58,871,110.16[58] Research and Development - The company reported a 43.74% increase in R&D expenses, totaling ¥71,894,860.73, indicating a commitment to enhancing technological development[10] - The company reported a research and development expenditure of ¥71.89 million, accounting for 6.40% of its operating revenue, representing a year-on-year increase of 43.74%[25][27] - Research and development expenses for the quarter were ¥71,894,860.73, compared to ¥50,015,739.35 in the previous year, showing a 44% increase[38] - The company has filed for 10 new invention patents in the third quarter of 2021, further strengthening its innovation capabilities[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,815, with the top ten shareholders holding a combined 39.69%[15] - Yao Lijun, a natural person, holds 24.69% of the shares, amounting to 56,059,842 shares, with 46,119,032 shares under pledge[15] - The total number of shares pledged by major shareholders includes 25.81 million shares by Yao Lijun and 5.80 million shares by Ningbo Bayerke Management Consulting Co., Ltd.[23] Market and Competitive Position - The company is focused on expanding its market presence and enhancing product quality through continuous technological innovation and patent acquisition[27] - The company is actively pursuing new strategies for market expansion and product development to maintain its competitive edge in the semiconductor materials sector[27] Other Financial Metrics - Basic earnings per share for Q3 2021 decreased by 51.61% to ¥0.15, while diluted earnings per share decreased by 45.16% to ¥0.17[4] - The company experienced a 58.82% decrease in taxes paid, totaling ¥12,558,895.62, due to reduced corporate income tax payments[14] - The cash paid for debt repayment increased by 51.92% to ¥952,782,059.14, reflecting higher bank loan repayments during the reporting period[14] - The company reported a financial expense of ¥29,550,626.73, which includes interest expenses of ¥33,848,921.16, up from ¥15,012,754.63 last year[38]