乐歌股份(300729) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was CNY 703,032,572.43, representing a 19.97% increase year-over-year and a total revenue of CNY 2,100,063,495.83 for the year-to-date, which is a 72.27% increase compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was CNY 39,581,236.34, a decrease of 57.58% year-over-year, with a year-to-date net profit of CNY 123,583,980.64, down 23.46% compared to the previous year[5]. - The company reported a basic earnings per share of CNY 0.22 for Q3 2021, down 57.69% year-over-year, and a diluted earnings per share of CNY 0.22, down 57.69% as well[5]. - In Q3, the company achieved revenue of 703.03 million yuan, a year-on-year increase of 19.97%; net profit attributable to shareholders was 39.58 million yuan, a year-on-year decrease of 57.58%[22]. - For the first three quarters, the company reported revenue of 2.1 billion yuan, a year-on-year increase of 72.27%; net profit attributable to shareholders was 123.58 million yuan, a year-on-year decrease of 23.46%[22]. Assets and Liabilities - Total assets at the end of Q3 2021 were CNY 3,817,527,133.05, an increase of 33.14% compared to the end of the previous year[6]. - The company's total equity attributable to shareholders increased by 80.68% to CNY 1,845,132,827.12 compared to the previous year[6]. - The total current liabilities were RMB 1,251,603,166.63, compared to RMB 1,350,000,000.00 at the end of 2020, showing a decrease of approximately 7.3%[37]. - The company's total liabilities increased to ¥1,972,347,624.05 from ¥1,845,695,095.54, reflecting a rise of approximately 6.9%[39]. Cash Flow - The cash flow from operating activities for the year-to-date was CNY 117,818,432.75, reflecting a decrease of 8.66% compared to the same period last year[5]. - Operating cash inflow totaled RMB 2,155,943,102.76, an increase of 87.52% compared to RMB 1,149,710,516.31 in the same period last year, primarily due to increased revenue[15]. - Operating cash outflow reached RMB 2,038,124,670.01, up 99.68% from RMB 1,020,717,698.86 year-on-year, mainly due to increased cost expenditures associated with higher revenue[15]. - Net cash flow from investing activities was -RMB 278,960,036.69, a 42.24% improvement from -RMB 482,956,760.17 in the previous year, attributed to reduced overseas warehouse investments[15]. - Net cash flow from financing activities amounted to RMB 824,463,616.28, an increase of 86.65% from RMB 441,725,646.21, mainly due to RMB 690 million raised from issuing shares and an increase of RMB 167 million in bank loan repayments[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,726[17]. - The largest shareholder, Ningbo Lijing Electronics Group Co., Ltd., holds 28.04% of shares, totaling 50,914,906 shares[17]. - The second-largest shareholder, Lijing (Hong Kong) International Co., Ltd., owns 21.09% of shares, amounting to 38,308,483 shares[17]. - The company has a total of 7,731,278 restricted shares at the end of the reporting period, with 82,349 shares added during the period[21]. - The company’s actual controllers, Xiang Lehong and Jiang Yi, collectively control 62.78% of the shares through various entities[18]. Research and Development - Research and development expenses increased by 85.59% to CNY 84,725,859.14, attributed to the growth in business activities[13]. - The company's DTC (Direct To Customer) channel revenue continues to increase, enhancing brand awareness and market share[23]. - The company is investing in product R&D, automation, and information technology, which is expected to improve sustainable development capabilities over time[24]. - Research and development expenses for the quarter were ¥84,725,859.14, compared to ¥45,652,633.73 in the previous year, marking an increase of about 85.6%[40]. Operational Developments - The company is expanding its public overseas warehouse business, increasing the number of small and medium-sized enterprises served, which enhances bargaining power in the value chain[23]. - The company has implemented stock option incentive plans, with 1,486,825 stock options available for exercise in the first exercise period[26]. - The company granted 3.367 million shares of restricted stock to 203 incentive targets as part of the 2021 restricted stock incentive plan[29]. - The company has established new subsidiaries focused on technology services and information consulting, enhancing its operational capabilities[34]. Miscellaneous - External macroeconomic factors, including raw material prices and international shipping costs, have put pressure on net profit[24]. - The company has not disclosed any related party relationships or concerted actions among other shareholders[18]. - The third quarter report of Lege Ergonomics Technology Co., Ltd. is unaudited[51]. - The report was released on October 29, 2021[51].