千方科技(002373) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,627,524,808.34, representing a 23.60% increase year-over-year[4] - The net profit attributable to shareholders for Q3 2021 was ¥48,742,713.19, a decrease of 81.47% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥213,305,869.90, down 6.98% year-over-year[4] - Total operating revenue for Q3 2021 was ¥6,751,666,552.17, an increase of 15.6% compared to ¥5,840,021,682.02 in Q3 2020[23] - Total operating costs for Q3 2021 were ¥6,301,531,405.72, up 17.4% from ¥5,361,635,977.18 in Q3 2020[23] - The net profit for the current period is CNY 592,604,048.40, a decrease of 23.5% compared to CNY 775,465,337.54 in the previous period[26] - Total operating income for the current period is CNY 607,282,905.00, down from CNY 851,560,376.76 in the previous period, reflecting a decline of 28.6%[26] - The total comprehensive income for the current period is CNY 592,979,993.65, down from CNY 778,104,052.95 in the previous period[32] - Basic and diluted earnings per share for the current period are both CNY 0.35, down from CNY 0.49 in the previous period[34] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥527,739,490.61, a decline of 643.93% compared to the previous year[7] - The company reported a cash flow from operating activities net amounting to CNY -527,739,490.61, compared to CNY 97,023,442.57 in the previous period[39] - The cash inflow from operating activities totaled CNY 7,637,746,297.25, compared to CNY 6,745,672,789.40 in the previous period, indicating a growth of 13.2%[39] - The net cash flow from investing activities was -$509.83 million, compared to -$1.47 billion in the previous period[42] - The total cash inflow from financing activities was $524.27 million, down from $2.45 billion year-over-year[42] - The net cash flow from financing activities was -$385.34 million, a significant decrease from $1.67 billion in the prior year[42] - The net increase in cash and cash equivalents was -$1.42 billion, contrasting with an increase of $276.24 million in the previous period[42] - The ending balance of cash and cash equivalents was $2.70 billion, down from $2.95 billion year-over-year[42] Assets and Liabilities - The total assets at the end of the reporting period were ¥19,710,100,310.61, an increase of 1.68% from the end of the previous year[4] - Total assets reached ¥19,710,100,310.61, up from ¥19,383,886,359.48, reflecting a growth of 1.7%[19] - Total liabilities decreased to ¥6,977,359,893.27 from ¥7,039,691,102.13, a reduction of 0.9%[21] - The total liabilities increased to $7.19 billion, reflecting a rise of $152.92 million[49] - The total current assets were approximately $11.83 billion, with a slight decrease of $4.91 million from the previous period[46] - The company reported a long-term equity investment of $319.35 million, unchanged from the previous period[46] - Total equity attributable to the parent company is approximately 11.96 billion[52] - Total equity, including minority interests, amounts to approximately 12.34 billion[52] - Total liabilities and equity stand at approximately 19.38 billion, a decrease from 19.54 billion[52] Operational Challenges - The company experienced a significant decline in net profit due to fluctuations in the stock price of Hongquan IoT[7] - The company faced a shortage of raw materials, leading to increased inventory levels as part of its business development strategy[7] - Cash and cash equivalents decreased to ¥2,753,501,824.79 from ¥4,181,369,143.18, representing a decline of 34.1%[18] - Accounts receivable increased to ¥3,876,973,048.84, up 14% from ¥3,403,309,117.33[18] - Inventory rose significantly to ¥3,231,240,816.13, an increase of 31.6% compared to ¥2,452,801,866.23[18] - Non-current assets totaled ¥7,967,282,115.76, an increase of 5.5% from ¥7,553,448,229.33[18] - Long-term borrowings increased to ¥408,300,000.00 from ¥202,000,000.00, marking a significant rise of 102.4%[21] - Research and development expenses increased to CNY 626,031,990.47, up 20.9% from CNY 517,802,149.78 year-over-year[26] - Sales expenses increased to CNY 702,304,307.80, up 17.1% from CNY 599,535,456.03 year-over-year[26] Accounting and Reporting - The company adopted new leasing standards starting January 1, 2021, affecting financial statement adjustments[52] - The third quarter report has not been audited[53]