智慧农业(000816) - 2021 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2021 was ¥475,278,518.19, a decrease of 7.65% compared to the same period last year, while year-to-date revenue reached ¥1,767,064,407.61, an increase of 70.75%[3] - The net profit attributable to shareholders for Q3 2021 was ¥660,196.28, down 96.99% year-on-year, and the year-to-date net profit was ¥30,944,121.28, a decrease of 31.21%[3] - The basic earnings per share for Q3 2021 was ¥0.0005, a decline of 96.75%, while the year-to-date figure was ¥0.0217, down 31.55%[3] - Total operating revenue for Q3 2021 reached ¥1,767,064,407.61, a significant increase from ¥1,034,870,081.68 in Q3 2020, representing a growth of approximately 70.8%[20] - Net profit for Q3 2021 was ¥39,197,319.76, down from ¥53,036,766.71 in Q3 2020, reflecting a decrease of approximately 26.1%[21] - The total comprehensive income attributable to the parent company was CNY 31,125,283.72, down from CNY 46,451,326.46 in the previous period, representing a decrease of approximately 32.9%[22] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥3,991,473,185.43, reflecting an increase of 8.18% from the end of the previous year[3] - The company's total liabilities reached ¥1,508,010,396.71, up from ¥1,254,651,228.91 at the end of 2020, indicating a rise of about 20.2%[18] - Current assets totaled ¥1,765,983,814.53 as of September 30, 2021, compared to ¥1,537,324,559.64 at the end of 2020, marking an increase of approximately 14.9%[18] - The company's equity attributable to shareholders increased to ¥2,128,986,232.46 as of September 30, 2021, from ¥2,091,619,688.27 at the end of 2020, reflecting a growth of about 1.8%[18] Cash Flow - The company's cash flow from operating activities for the year-to-date was negative at -¥120,600,778.35[3] - The net cash flow from operating activities was negative at CNY -120,600,778.35, compared to CNY -38,466,689.82 in the same period last year, indicating a worsening cash flow situation[25] - Cash inflow from operating activities totaled CNY 1,911,269,599.79, an increase of 57.5% from CNY 1,212,170,621.86 in the previous year[25] - The company reported cash outflow from operating activities of CNY 2,031,870,378.14, which is a significant increase from CNY 1,250,637,311.68 in the previous period[25] - The company’s cash and cash equivalents at the end of the period stood at CNY 349,791,991.54, compared to CNY 179,168,197.57 at the end of the previous period, marking an increase of 95.5%[25] Research and Development - Research and development expenses for the year-to-date increased by 119.97% to ¥4,831,710.47, indicating a focus on innovation and product development[8] - Research and development expenses for Q3 2021 were ¥4,831,710.47, compared to ¥2,196,541.10 in Q3 2020, representing an increase of approximately 120%[21] Investments and Joint Ventures - The company invested RMB 20 million to establish the Chongqing Guochuang Light Alloy Research Institute, holding an 11.94% stake[12] - The registered capital of the Chongqing Guochuang Light Alloy Research Institute is RMB 16.75 million[13] - The company co-founded the joint venture "Ganfeng Zhongkai Mining Technology Co., Ltd." with Ganfeng Lithium, with a registered capital of RMB 10 million[14] - The company holds a 35% stake in the joint venture, contributing RMB 3.5 million[14] - The establishment of the joint venture was completed on October 25, 2021[14] Operational Challenges - The manufacturing sector's cost increased significantly due to raw material price surges, international logistics issues, and exchange rate fluctuations[12] - The company implemented price increases to offset rising costs, but the gross margin in the manufacturing sector declined year-on-year[12] - The company aims to improve profitability by increasing mining operations during the ongoing rise in commodity prices[12] Other Income and Expenses - The total non-operating income for the year-to-date was ¥1,706,832.06, a decrease of 85.20% compared to the previous year, primarily due to reduced social security exemptions[8] - The company received government subsidies amounting to ¥1,392,046.40 year-to-date, which is an 82.98% decrease from the previous year[8] - The company received CNY 567,723,404.22 from investment recoveries, significantly higher than CNY 100,000,000.00 in the previous year, indicating a strong recovery in investments[25] Financing Activities - The total cash inflow from financing activities was CNY 322,711,935.05, down from CNY 430,972,305.13 in the previous year, reflecting a decrease of approximately 25.2%[25]