上能电气(300827) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥251,627,800.74, a decrease of 33.68% compared to the same period last year[3] - Net profit attributable to shareholders was ¥20,632,823.70, down 18.21% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥18,039,268.91, a decline of 26.76% compared to the previous year[3] - The basic earnings per share decreased by 15.79% to ¥0.16 from ¥0.34 in the same period last year[5] - Total operating revenue for Q3 2021 was CNY 647,959,613.34, an increase from CNY 631,441,061.84 in Q3 2020, representing a growth of approximately 4.8%[29] - Total profit decreased to ¥37,865,440.17 from ¥58,545,049.73, a decline of about 35%[33] - Net profit for the period was ¥44,564,250.00, down from ¥55,584,809.04, reflecting a decrease of approximately 20%[36] - The company's net profit margin for Q3 2021 was impacted by increased R&D expenses, which rose to CNY 60,707,654.28 from CNY 44,532,752.02, an increase of about 36%[29] - Basic and diluted earnings per share were both ¥0.34, down from ¥0.45 in the previous period, reflecting a decline of approximately 24%[36] Assets and Liabilities - Total assets increased by 8.29% to ¥2,433,533,917.23 compared to the end of the previous year[5] - The total assets as of September 30, 2021, amounted to CNY 2,250,840,225.81, reflecting an increase of CNY 3,681,119.82 from the previous period[49] - Total liabilities increased to CNY 1,559,197,489.90 from CNY 1,402,303,112.56, indicating a rise of approximately 11.2%[26] - Total liabilities reached CNY 1,405,984,232.38, with current liabilities accounting for CNY 1,381,490,396.32[51] - The company's equity attributable to shareholders was CNY 844,855,993.43, remaining stable compared to the previous period[51] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥248,956,283.70, an improvement of 18.88% compared to the previous year[3] - Operating cash inflow totaled ¥811,213,428.18, compared to ¥640,008,432.07 in the previous period, indicating an increase of around 27%[39] - Cash flow from operating activities showed a net outflow of ¥248,956,283.70, an improvement from the previous outflow of ¥306,888,632.14[40] - Cash inflow from investment activities was ¥1,166,707,101.52, compared to ¥300,882,994.99, showing a substantial increase[40] - Cash outflow from financing activities was ¥204,737,928.81, compared to ¥220,847,639.48, indicating a decrease in cash outflow[42] Inventory and Prepayments - Inventory levels rose by 68.67% to ¥652,388,785.16, indicating increased stockpiling[10] - The company reported a significant increase in prepayments by 190.62% to ¥46,833,984.20, attributed to increased inventory[10] - The total inventory as of September 30, 2021, was CNY 386,778,494.41, reflecting the company's ongoing production and sales efforts[44] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,598[16] - The largest shareholder, Wu Qiang, holds a 21.34% stake, amounting to 28,170,000 shares[16] - The company plans to lift restrictions on shares held by major shareholders in April 2023[17] Research and Development - Research and development expenses increased by 36.32% to ¥60,707,654.28, reflecting the company's commitment to innovation[10] Other Financial Metrics - The weighted average return on equity decreased to 2.39% from 3.11% in the previous year[5] - Interest income increased to ¥1,362,669.09 from ¥1,285,237.36, representing a growth of approximately 6%[33] - The company's cash and cash equivalents decreased to CNY 430,730,861.43 from CNY 637,617,672.47, a decline of approximately 32.4%[23] - Accounts receivable increased to CNY 550,656,192.03 from CNY 492,199,302.34, reflecting a growth of about 11.8%[23] - Non-current assets increased to CNY 247,408,385.22, primarily due to the recognition of right-of-use assets amounting to CNY 3,681,119.82[51] Operational Challenges - Operating revenue decreased by 33.68% to CNY 251,627,800.74, primarily due to the impact of rising upstream material prices in the photovoltaic industry and delays in some project implementations[13] - The company experienced a 100% decrease in other operating income, which was CNY 0, due to the absence of government subsidies received in the previous period[13] - The company reported a significant increase in credit impairment losses by 160.05% to CNY 5,192,540.89, mainly due to a reduction in bad debt provisions for receivables[13] Audit and Compliance - The company has not conducted an audit for the third quarter report[54] - The implementation of the new leasing standards resulted in adjustments to the financial statements, impacting both assets and liabilities[50] - The company has not disclosed any new product developments or market expansion strategies in the current report[49]