电工合金(300697) - 2021 Q3 - 季度财报

Revenue and Profitability - Revenue for Q3 2021 reached ¥584,558,784.89, an increase of 38.51% compared to the same period last year[3] - Net profit attributable to shareholders was ¥24,628,314.41, a decrease of 29.01% year-on-year[3] - The company reported a basic earnings per share of ¥0.074, down 28.85% from the same period last year[3] - Total operating revenue for the current period reached ¥1,579,869,375.35, an increase from ¥1,156,532,664.70 in the previous period, representing a growth of approximately 36.5%[16] - Net profit for the current period was ¥82,810,583.40, slightly down from ¥84,095,924.20, reflecting a decrease of approximately 1.5%[18] - Basic and diluted earnings per share were both ¥0.249, down from ¥0.253 in the previous period[18] - The total comprehensive income for the current period was ¥77,784,949.92, down from ¥85,101,291.17 in the previous period[18] Cash Flow and Financial Position - Cash flow from operating activities showed a net outflow of ¥176,453,599.90, a decline of 542.89% compared to the previous year[3] - Cash flow from operating activities showed a net outflow of ¥176,453,599.90, worsening from a net outflow of ¥27,447,120.13 in the previous period[20] - Cash flow from investing activities resulted in a net outflow of ¥26,255,336.35, an improvement from a net outflow of ¥58,236,510.11 previously[22] - Cash flow from financing activities generated a net inflow of ¥71,520,912.22, compared to a net outflow of ¥64,462,703.74 in the prior period[22] - The company's cash and cash equivalents decreased to CNY 119,347,236.25 from CNY 205,784,422.39, representing a decline of about 42%[12] - The ending cash and cash equivalents balance was ¥47,929,730.25, a decrease from ¥64,204,390.24 at the end of the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,439,849,433.59, reflecting a growth of 12.52% from the end of the previous year[3] - Total current assets as of September 30, 2021, amounted to CNY 1,187,159,296.78, an increase from CNY 1,047,211,867.95 at the end of 2020, reflecting a growth of approximately 13.4%[12] - Total liabilities as of September 30, 2021, were CNY 545,530,990.21, up from CNY 379,884,699.77, marking an increase of approximately 43.7%[14] - The company's total assets reached CNY 1,439,849,433.59, compared to CNY 1,279,618,193.23 at the end of 2020, reflecting a growth of about 12.5%[14] - The total liabilities increased from CNY 379,884,699.77 to CNY 383,479,789.07 due to the recognition of lease liabilities under the new standards[29] Shareholder Information - The company reported a total of 21,861 common shareholders at the end of the reporting period[10] - The top shareholder, Chen Lijiao, holds 31.25% of the shares, with a total of 104,000,000 shares, of which 78,000,000 are pledged[10] Research and Development - Research and development expenses increased by 54.50% to ¥24,328,094.15, indicating a focus on innovation[8] - Research and development expenses increased to ¥24,328,094.15 from ¥15,746,436.26, marking a growth of about 54.5%[17] Inventory and Receivables - The company’s inventory rose by 32.85% to ¥344,060,758.30, primarily due to rising raw material prices[7] - Accounts receivable increased to CNY 517,243,091.21 from CNY 410,663,174.02, showing a growth of approximately 26%[12] - Inventory levels rose to CNY 344,060,758.30 from CNY 258,990,116.01, indicating an increase of around 33%[12] - The company experienced a significant increase in prepayments, which rose by 183.29% to ¥42,120,230.40, indicating higher procurement activities[7] Borrowings - Short-term borrowings increased by 68.21% to ¥485,128,077.78, reflecting higher bank loans[8] - Short-term borrowings increased significantly to CNY 485,128,077.78 from CNY 288,414,359.52, representing a rise of about 68%[13] Other Information - The third quarter report for 2021 was not audited[30] - The company implemented the new leasing standards starting January 1, 2021, resulting in an adjustment of total assets from CNY 1,279,618,193.23 to CNY 1,283,213,282.53, an increase of CNY 3,595,089.30[29] - The total non-current assets amounted to CNY 236,001,414.58, reflecting the impact of the new leasing standards[25] - The total equity attributable to shareholders was CNY 897,843,728.13 as of September 30, 2021[27] - The company has chosen not to retrospectively adjust prior periods for low-value asset leases under the new leasing standards[28]