Financial Performance - The company's revenue for Q3 2021 reached ¥1,547,395,921.30, representing an increase of 84.33% compared to the same period last year[2] - Net profit attributable to shareholders was ¥61,479,009.56, up 107.61% year-on-year, while the net profit excluding non-recurring gains and losses was ¥58,572,383.88, an increase of 103.28%[2] - The basic earnings per share for the period was ¥0.1464, reflecting an increase of 82.77% compared to the previous year[2] - Revenue for the first three quarters of 2021 reached CNY 3,858.32 million, a 77.69% increase compared to CNY 2,171.33 million in the same period of 2020[7] - The total operating revenue for the third quarter of 2021 reached CNY 3,858,315,931.99, a significant increase from CNY 2,171,326,491.94 in the same period of 2020, representing a growth of approximately 77.5%[20] - The net profit for the third quarter of 2021 was CNY 186,755,657.13, an increase of 63.0% compared to CNY 114,596,565.08 in the same period last year[21] - The total profit for the period reached CNY 253,806,388.72, up from CNY 155,090,992.09, reflecting a growth of 63.7%[21] - Operating profit increased to CNY 239,944,752.40 from CNY 140,520,993.40, marking a rise of 70.8%[21] - The total comprehensive income for the period was CNY 182,405,334.65, compared to CNY 113,897,711.99 in the previous year, indicating an increase of 60.0%[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥2,994,277,166.53, a 67.46% increase from the end of the previous year[2] - The total assets as of September 30, 2021, amounted to CNY 2,994,277,166.53, compared to CNY 1,788,062,811.40 at the end of 2020, indicating a growth of about 67.3%[17] - The total liabilities increased to CNY 1,513,764,097.95 from CNY 684,594,434.90, representing a growth of approximately 120.8%[16] - Total liabilities increased from ¥684,594,434.90 to ¥692,726,808.36, an increase of ¥8,132,373.46[29] Cash Flow - The company's cash flow from operating activities showed a negative net amount of ¥700,458,991.62, indicating a decline of 144.75% year-to-date[2] - The company's cash flow from operating activities was negative at CNY -700,458,991.62, worsening from CNY -286,190,870.19 in the previous year[25] - Cash flow from investing activities showed a net outflow of CNY -107,070,542.49, compared to CNY -10,986,930.87 in the same period last year[25] - Cash flow from financing activities generated a net inflow of CNY 877,245,053.63, significantly higher than CNY 239,994,857.84 in the previous year[25] Equity and Shareholder Information - The company reported a total equity attributable to shareholders of ¥1,480,223,418.12, which is a 34.20% increase from the previous year[2] - The company's total equity as of September 30, 2021, was CNY 1,480,513,068.58, up from CNY 1,103,468,376.50, reflecting a growth of approximately 34.3%[17] - The company declared a cash dividend of CNY 0.50 per share, totaling CNY 21 million, based on a total share capital of 420 million shares[12] - The total number of ordinary shareholders at the end of the reporting period was 20,638[10] Expenses and Costs - Operating costs increased by 79.15% to CNY 3,288.29 million, reflecting the significant rise in revenue[7] - R&D expenses surged by 159.25% to CNY 90.20 million, attributed to a substantial increase in the number of R&D personnel and their salaries[7] - Financial expenses rose by 220.05% to CNY 27.95 million, primarily due to increased interest expenses during the reporting period[7] - Research and development expenses for the third quarter were CNY 9,020,090.79, compared to CNY 3,479,307.10 in the previous year, indicating an increase of about 159.5%[19] Other Financial Metrics - The company received government subsidies amounting to ¥3,259,108.07 during the reporting period, contributing to its financial performance[4] - The company reported an investment income of CNY 0.90 million, a 228.89% increase from CNY 0.27 million in the previous year[7] - Deferred income increased by CNY 6.85 million, attributed to rewards received for the construction of an intelligent warehousing logistics center[7] - Accounts payable rose by 36.85% to CNY 364.70 million, mainly due to increased procurement during the reporting period[7] - Other current liabilities increased by 221.63% to CNY 190.12 million, driven by an increase in accrued expenses[7] - The company's capital reserve increased by 164.76% to CNY 2,900.58 million, due to funds raised from new share issuance[7] Asset Management - Accounts receivable increased by 63.78% to ¥1,563,032,759.99, primarily due to increased sales revenue[6] - Accounts receivable rose to CNY 1,563,032,759.99, up from CNY 954,341,607.41, marking an increase of around 64%[15] - Inventory rose by 81.85% to ¥646,404,925.26, attributed to increased stock in response to higher sales[6] - Inventory stood at ¥355,460,072.80, reflecting the company's stock levels[27] Impairment and Quality - The company reported a net credit impairment loss of CNY -29,287,064.03, compared to CNY -22,505,680.45 in the previous year, indicating a deterioration in credit quality[19] - The company experienced an asset impairment loss of CNY 55,029,642.64, compared to CNY -23,785,019.33 in the previous year, indicating a significant increase in losses[21] Miscellaneous - The company did not undergo an audit for the third quarter report[30] - The report indicates the implementation of new leasing standards, although it is not applicable for this period[30]
商络电子(300975) - 2021 Q3 - 季度财报