Financial Performance - The company's operating revenue for Q3 2021 reached CNY 1,932,871,105.90, representing a 53.20% increase compared to CNY 1,261,630,461.38 in the same period last year[8] - Net profit attributable to shareholders was CNY 229,081,110.41, a 70.86% increase from CNY 134,079,209.71 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 232,737,880.10, up 72.38% from CNY 135,014,538.57 in the previous year[8] - Basic earnings per share (EPS) for the quarter was CNY 0.2555, reflecting a 70.79% increase from CNY 0.1496 in the previous year[8] - Operating revenue rose by 39.21% driven by recovery in the macro economy and increased sales in the fluorochemical and aviation chemical materials sectors[14] - Net profit increased by 42.35%, attributed to revenue growth and higher gross margins[16] - Total operating revenue for the first three quarters of 2021 reached ¥5,182,171,537.89, a significant increase of 39.3% compared to ¥3,722,470,656.61 in the same period of 2020[39] - Operating profit for the third quarter of 2021 was ¥661,635,244.50, up 55.5% from ¥425,757,705.33 in the third quarter of 2020[40] - Net profit attributable to shareholders of the parent company for the third quarter of 2021 was ¥639,955,891.02, representing a 42.1% increase from ¥450,386,393.86 in the same quarter of 2020[41] Cash Flow - Cash flow from operating activities amounted to CNY 245,785,498.02, a significant increase of 133.23% compared to CNY 105,381,672.95 in the same quarter last year[8] - The company reported a net cash flow from operating activities of CNY 417,889,570.19 for the year-to-date, a 376.67% increase compared to CNY 87,667,915.05 in the same period last year[8] - Cash flow from operating activities for the first three quarters of 2021 was ¥417,889,570.19, compared to ¥87,667,915.05 in the same period of 2020, indicating a substantial improvement[42] - The net cash flow from investing activities for Q3 2021 was -547,436,759.17 RMB, compared to -283,832,186.90 RMB in Q3 2020, indicating a significant increase in cash outflow[44] - The net cash flow from financing activities was -32,985,793.69 RMB in Q3 2021, a decrease from 114,070,865.99 RMB in Q3 2020, reflecting reduced financing inflows[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,243,295,636.32, a 12.35% increase from CNY 10,007,087,499.44 at the end of the previous year[9] - The company’s total liabilities as of September 30, 2021, amounted to approximately 4.230 billion yuan, up from 3.482 billion yuan at the end of 2020[37] - The company’s equity attributable to shareholders reached approximately 6.906 billion yuan, compared to 6.428 billion yuan at the end of 2020, indicating an increase of about 7.41%[38] - The company reported a significant increase in accounts receivable, which rose to approximately 1.627 billion yuan from 1.262 billion yuan, marking an increase of about 28.93%[36] - The company’s current assets totaled approximately 6.178 billion yuan, compared to 5.417 billion yuan at the end of 2020, reflecting a growth of about 14.06%[36] Investments and R&D - The company reported a 134.55% increase in development expenditures, reflecting higher R&D spending[14] - Research and development expenses for the first three quarters of 2021 amounted to ¥358,185,195.67, an increase of 26.1% from ¥284,002,812.05 in the same period of 2020[39] - The company has applied for 208 patents, including 12 invention patents, demonstrating its commitment to innovation[31] - The company invested a total of 47.541 million yuan in technology during the first three quarters of 2021, with a technology investment intensity of 9%[31] Market and Product Development - The company reported significant growth in sales revenue for its main products, including polytetrafluoroethylene resin and new products, with a notable increase in export business compared to the previous year[25] - The company launched multiple new products in the electronic chemicals sector, including high-purity trifluoroborane and supercritical carbon dioxide dyeing equipment, aimed at new infrastructure and AI applications[26] - The company successfully developed and operated the ARJ21 aircraft tire, marking a significant breakthrough in domestic aviation tire production[28] - The company signed a contract for the largest domestic coke oven gas-to-methanol project, valued at 880 million RMB, with a production capacity of 300,000 tons/year[30] - The company is expanding its production capacity for hydrogen peroxide catalysts in response to the growing demand in the chemical synthesis sector, anticipating a continuous increase in market demand[29] Operational Changes - The company has restated previous financial data due to the acquisition of a subsidiary under common control, impacting the consolidated financial statements[10] - Trading financial assets increased by 68.59% due to appreciation of stock investments held by the company[14] - Prepayments surged by 164.89% as the company increased advance payments for materials and goods to lock in procurement costs[14] - Short-term borrowings rose by 149.66% due to increased working capital needs from business expansion[15] - Contract liabilities increased by 108.48% as the company received more advance payments for engineering projects[15] - Financial expenses increased by 82.00% due to a rise in interest expenses from higher interest-bearing liabilities[16] - The company has implemented technical upgrades to its F142b facility to mitigate the impact of soaring raw material prices, resulting in reduced costs for fluororubber production[25] - The company established a subsidiary in Shanghai to enhance market expansion in the East China region, focusing on new generation mobile communication technologies[26]