海昌新材(300885) - 2021 Q3 - 季度财报

Financial Performance - Revenue for Q3 2021 reached ¥76,896,699.46, an increase of 14.48% year-over-year, and a total of ¥237,834,766.40 for the year-to-date, reflecting a growth of 60.69%[5] - Net profit attributable to shareholders for Q3 2021 was ¥21,827,309.42, up 14.45% compared to the same period last year, with a year-to-date total of ¥70,873,432.95, marking a 65.47% increase[5] - Total operating revenue for Q3 2021 reached ¥237,834,766.40, a significant increase of 60.5% compared to ¥148,005,776.07 in the same period last year[42] - Net profit for Q3 2021 was ¥70,873,432.95, representing a year-on-year growth of 65.5% from ¥42,830,501.88[43] - The total comprehensive income for the period reached ¥70,873,432.95, compared to ¥42,830,501.88 in the previous period, reflecting a significant increase[44] Earnings and Shares - Basic earnings per share for Q3 2021 was ¥0.1436, a decrease of 39.77% year-over-year, while the diluted earnings per share remained the same[5] - Basic and diluted earnings per share improved to ¥0.6328 from ¥0.5354 year-over-year[44] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥772,650,836.51, representing a 4.16% increase from the end of the previous year[5] - Current assets totaled ¥646,029,965.11, an increase of 2.5% from ¥632,023,545.77 at the end of 2020[38] - Total liabilities increased to ¥54,158,443.02, up from ¥34,149,838.49, indicating a growth of 58.7%[40] - The total equity attributable to shareholders reached ¥718,492,393.49, up from ¥707,618,960.54, showing a growth of 1.2%[41] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥61,096,415.83, an increase of 78.96% compared to the same period last year[5] - Cash flow from operating activities generated a net amount of ¥61,096,415.83, up from ¥34,140,256.13 in the same period last year, indicating strong operational performance[47] - Cash inflow from investment activities totaled ¥410,864,717.13, a substantial increase from ¥40,857,928.46 in the previous period[47] - The net cash flow from investment activities was ¥9,158,558.89, recovering from a negative cash flow of -¥48,307,628.04 in the prior year[47] - The company incurred cash outflows for operating activities totaling ¥193,289,181.72, compared to ¥101,285,436.00 in the previous period, indicating increased operational costs[47] Expenses - Sales expenses increased by RMB 2.20 million, a growth of 78.94%, mainly due to increased employee compensation and customs fees[15] - Management expenses increased by RMB 5.06 million, a growth of 82.17%, primarily due to increased employee compensation and office expenses during the reporting period[15] - R&D expenses increased by RMB 2.96 million, a growth of 49.60%, mainly due to increased investment in research and development[15] - The company's research and development expenses for Q3 2021 were ¥8,924,545.94, compared to ¥5,965,446.78 in the previous year, reflecting a 49.5% increase[42] Inventory and Sales - The company reported a significant increase in inventory, which rose by ¥24,726,800, a growth of 76.73%, primarily due to increased orders[12] - Operating profit for Q3 2021 increased by ¥30,516,800, a growth of 61.66%, attributed to stable growth in sales revenue[14] - The company reported a significant increase in sales revenue from goods and services, totaling ¥239,242,930.76, compared to ¥128,118,948.93 in the previous period[45] Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,873[17] - The top shareholder, Zhou Guangrong, holds 43.00% of the shares, totaling 65,360,000 shares[17] - The total number of restricted shares at the end of the reporting period was 96,900,000 shares[20] Government and Community Support - The company donated RMB 200,000 to the Zhengzhou Charity Federation to support flood relief efforts in July 2021[21] - The company also donated RMB 200,000 to the Yangzhou Red Cross to support COVID-19 prevention efforts in late July 2021[22] Market and Operational Challenges - The company has faced a foreign exchange loss of 1.46 million yuan from January to September due to fluctuations in the USD exchange rate, despite a gain of 0.37 million yuan during the reporting period[34] - The company has been impacted by the COVID-19 outbreak in Yangzhou, which led to production disruptions, although the situation is now under control[34] - The company is experiencing pressure from rising raw material prices, particularly for copper and iron, and has implemented price increases to mitigate this impact[34] - The company is at risk of losing its high-tech enterprise status, which could affect its tax benefits, as it is currently applying for re-certification[34] - The company is monitoring potential impacts from power supply constraints, although it has not yet faced significant effects[35] - The company plans to enhance its smart manufacturing systems to mitigate rising labor costs due to the diminishing demographic dividend[35] Other Information - The company signed a land use rights transfer contract for approximately 26,700 square meters of land for production purposes[30] - The company did not undergo an audit for the third quarter report[49]