浙江力诺(300838) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 reached ¥200,511,008.48, representing a 58.39% increase year-over-year[4] - Net profit attributable to shareholders was ¥29,112,087.31, a significant increase of 103.99% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥28,609,450.86, up 130.82% year-over-year[4] - Total operating revenue for Q3 2021 reached ¥499,291,197.42, a significant increase of 62.7% compared to ¥306,744,906.02 in Q3 2020[28] - Net profit for Q3 2021 was ¥67,900,171.92, representing a 54.5% increase from ¥43,949,465.56 in Q3 2020[29] - The total comprehensive income attributable to the parent company for Q3 2021 was ¥67,900,171.92, compared to ¥43,949,465.56 in Q3 2020, representing an increase of approximately 54.5%[30] - Basic and diluted earnings per share for Q3 2021 were both ¥0.50, up from ¥0.32 in the same period last year, indicating a growth of 56.25%[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,130,982,668.14, reflecting a 15.51% increase from the end of the previous year[5] - The company's total assets as of September 30, 2021, amounted to ¥1,130,982,668.14, up from ¥979,158,500.48 at the end of 2020[26] - Current assets totaled ¥800,686,969.00, an increase of 3.0% from ¥772,458,915.59 at the end of 2020[24] - The total liabilities as of September 30, 2021, were ¥310,182,388.07, up from ¥205,807,392.33 at the end of 2020[26] - The company’s total liabilities increased, with short-term loans rising by 106.24% to ¥70,000,000.00, primarily due to increased bank loans[10] - Short-term borrowings increased to ¥70,000,000.00, compared to ¥33,940,397.50 at the end of 2020, reflecting a 106.5% rise[25] Cash Flow - Cash received from sales and services was ¥508,974,251.73, a 39.77% increase from the previous year[13] - Cash inflow from operating activities totaled ¥528,211,406.74 in Q3 2021, compared to ¥376,528,436.93 in Q3 2020, reflecting an increase of about 40.3%[32] - The net cash flow from operating activities was ¥27,031,520.11 for Q3 2021, slightly up from ¥26,411,860.71 in Q3 2020, showing a growth of 2.3%[32] - Cash outflow from investment activities was ¥355,354,639.90 in Q3 2021, compared to ¥38,563,580.40 in Q3 2020, indicating a significant increase in investment expenditures[33] - The net cash flow from investment activities was -¥117,384,808.82 for Q3 2021, worsening from -¥35,626,569.33 in Q3 2020[33] - Cash inflow from financing activities was ¥72,010,000.00 in Q3 2021, down from ¥406,736,300.00 in Q3 2020, a decrease of approximately 82.3%[33] - The net cash flow from financing activities was ¥12,601,752.35 in Q3 2021, a decline from ¥252,052,133.56 in Q3 2020, reflecting a decrease of about 95%[33] - The ending balance of cash and cash equivalents was ¥31,933,171.63 as of the end of Q3 2021, down from ¥260,336,508.92 at the end of Q3 2020, a decrease of approximately 87.8%[33] Research and Development - Research and development expenses increased to ¥19,812,475.13, an 84.70% rise compared to the previous year, indicating a focus on innovation[11] - The company invested ¥19,812,475.13 in R&D during Q3 2021, which is an 84.5% increase from ¥10,726,726.47 in Q3 2020[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,508[16] - The top shareholder, Chen Xiaoyu, holds 20.94% of the shares, amounting to 28,550,000 shares[16] Future Plans and Acquisitions - The company plans to continue expanding its market presence and investing in new product development to sustain growth[4] - The company plans to acquire 51.2586% of Wuzhou Valve Co., Ltd., with cash payments of ¥31,500,000 for 11.1928% and ¥34,198,988 for 14.7834% of shares from two shareholders[19][20] - The acquisition of an additional 25.2824% of Wuzhou Valve is contingent upon the completion of the 2021 annual audit and valuation[20] - The net profit of Wuzhou Valve for the last accounting year was reported at -¥28,966,000, indicating potential risks if management does not improve[21] Employee Compensation - Employee compensation increased by 31.20% to ¥66,303,042.72 due to order growth[14] Operating Costs - Operating income for the year-to-date period was ¥499,291,197.42, showing a 62.77% increase year-over-year[11] - Operating costs for the same period were ¥422,947,226.20, up 63.1% from ¥259,230,147.36 in the previous year[28] Cash Management - Cash paid for operating activities rose by 79.35% to ¥58,159,356.29, reflecting increased sales revenue[14] - Cash paid for fixed assets and other long-term assets surged by 113.84% to ¥81,926,547.95, attributed to the construction of a new production line for high-performance control valves[14] - Cash received from bank loans increased by 83.23% to ¥72,010,000.00, indicating a rise in bank borrowings[14] Other Information - The company did not require adjustments to the balance sheet for the new leasing standards as it does not engage in leasing-related business[34]