Kitech(SZ:300995)2021-10-25 16:00Financial Performance - The company's operating revenue for the third quarter was ¥72,324,759.72, a decrease of 2.34% compared to the same period last year[4]. - The net profit attributable to shareholders decreased by 63.23% to ¥6,504,481.64 for the third quarter[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 65.11% to ¥4,553,892.59[4]. - Basic and diluted earnings per share decreased by 72.41% to ¥0.08 for the third quarter[4]. - Total revenue from operating activities was ¥229.91 million, a decline of 37.8% compared to ¥369.66 million in Q3 2020[25]. - The net profit for Q3 2021 was approximately ¥30.20 million, a decrease of 57.5% compared to ¥70.81 million in Q3 2020[22]. - Operating profit for Q3 2021 was ¥33.95 million, down 54.5% from ¥74.73 million in the same period last year[22]. - The total comprehensive income for Q3 2021 was approximately ¥30.20 million, a decrease of 57.5% from ¥70.82 million in the previous year[23]. Cash Flow and Liquidity - The cash flow from operating activities decreased by 55.15% year-to-date, totaling ¥32,046,754.13[11]. - Cash flow from operating activities generated a net amount of ¥32.05 million, down 55.2% from ¥71.45 million in the previous year[25]. - Cash flow from investing activities resulted in a net outflow of approximately ¥318.78 million, compared to a net outflow of ¥171.84 million in Q3 2020[25]. - Cash flow from financing activities generated a net inflow of ¥257.56 million, significantly up from ¥44.22 million in the same quarter last year[26]. - The company reported a cash and cash equivalents balance of ¥96.80 million at the end of Q3 2021, compared to ¥47.95 million at the end of Q3 2020[26]. - The company's cash and cash equivalents increased to CNY 212.79 million from CNY 141.70 million at the end of 2020, representing a growth of 50.3%[17]. Assets and Liabilities - Total assets increased by 56.37% to ¥777,396,071.63 compared to the beginning of the year, primarily due to new share issuance raising ¥270,110,700[11]. - Total assets reached CNY 777.40 million, a significant increase of 56.5% compared to CNY 497.15 million at the end of 2020[18]. - The company's total liabilities amounted to CNY 134.17 million, slightly up from CNY 131.36 million, showing a 2.1% increase[18]. - The equity attributable to shareholders increased by 77.03% to ¥641,334,533.82, driven by new share issuance and retained earnings[11]. - The equity attributable to shareholders increased to CNY 641.33 million from CNY 362.27 million, marking a growth of 77.1%[19]. Operational Metrics - The gross margin for modified polypropylene composite materials (melt-blown materials) declined by 96.69% year-on-year due to reduced demand for protective products[9]. - The average market price of nylon 6 increased by 38.59% and polypropylene by 15.50% since the beginning of the year, impacting procurement costs[9]. - Revenue from non-protective product sectors such as home appliances, baby products, and automotive increased by 41.70% year-to-date, totaling ¥222,109,900[9]. - Total operating costs for Q3 2021 were CNY 196.74 million, down by 2.4% from CNY 201.62 million in Q3 2020[21]. - Research and development expenses for Q3 2021 were CNY 11.32 million, a decrease of 10.0% from CNY 12.58 million in the previous year[21]. Financial Management - The company reported a financial cost of CNY -3.32 million, compared to CNY -0.46 million in the same period last year, indicating improved financial management[21]. - The company did not undergo an audit for the Q3 2021 report[27].