Zhong Fu Tong (300560)2021-10-27 16:00Financial Performance - The company's revenue for Q3 2021 was CNY 208,167,376.47, representing a 26.96% increase year-over-year[2] - Net profit attributable to shareholders decreased by 19.08% to CNY 12,142,873.20 for the same period[2] - Total operating revenue for the third quarter reached CNY 614,466,628.98, an increase of 10.9% compared to CNY 553,886,139.69 in the same period last year[22] - Net profit for the period was CNY 41,939,586.58, a decrease of 12.5% from CNY 47,759,155.96 in the previous year[24] - Basic and diluted earnings per share were both CNY 0.19, down from CNY 0.25 in the previous year[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,259,882,395.70, an increase of 14.31% compared to the end of the previous year[2] - Total assets increased to CNY 2,259,882,395.70 as of September 30, 2021, up from CNY 1,976,934,548.76 at the end of 2020, representing a growth of approximately 14.3%[18] - The total liabilities increased to CNY 1,193,840,001.65, compared to CNY 912,014,616.18 in the previous year, reflecting a growth of 31.0%[23] - Non-current assets totaled CNY 587,969,853.54, up from CNY 503,683,689.13, reflecting an increase of about 16.7%[19] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 444,810,937.12, a decrease of 5.59% year-to-date[2] - The company reported a net cash outflow from operating activities of CNY -444,810,937.12, compared to CNY -421,262,278.37 in the same period last year[26] - The net cash flow from investment activities was -76,260,107.94, a decrease compared to -100,122,573.53 from the previous period[27] - Total cash inflow from financing activities amounted to 631,393,330.26, while cash outflow was 513,905,300.05, resulting in a net cash flow of 117,488,030.21[27] - The company received cash from borrowings totaling 583,261,922.83, compared to 374,056,100.00 in the previous period[27] Shareholder Information - The company’s major shareholder, Chen Rongjie, holds 44.45% of the shares, with a total of 100,581,904 shares[12] - The company has a total of 16,618 common shareholders as of the reporting date[12] Inventory and Receivables - The company reported a 53.30% increase in accounts receivable, totaling CNY 126,233,660.00, due to channel sales activities[6] - Inventory increased by 62.58% to CNY 63,278,200.00, attributed to ongoing system integration projects[6] - Accounts receivable rose to CNY 1,262,336,591.74, compared to CNY 823,444,363.24 at the end of 2020, indicating an increase of about 53.4%[18] - The company’s inventory increased to CNY 63,278,191.85 from CNY 38,920,176.06, representing a growth of approximately 62.5%[18] Borrowings - The company’s long-term borrowings rose by 132.78% to CNY 164,607,200.00, primarily for the construction of the communication production base[9] - Short-term borrowings increased to CNY 506,393,460.00 from CNY 321,563,279.00, marking a rise of approximately 57.3%[19] Other Information - The company won a bid for a project with China Unicom Guangxi, with a total contract value of CNY 95,923,267.81[15] - The company was selected as a candidate for a project with China Telecom Jiangsu, with a total bid amount of CNY 173,746,000[16] - Research and development expenses for the quarter were CNY 22,577,619.99, an increase of 12.6% from CNY 20,042,474.36 year-on-year[23] - The company recorded a decrease in other comprehensive income after tax of CNY -767,368.39, compared to an increase of CNY 118,908.85 in the previous year[24] - The company did not apply the new leasing standards for the financial statements in 2021[29] - The third-quarter report was not audited[29] - The impact of exchange rate changes on cash and cash equivalents was an increase of 807,640.64[27]