Financial Performance - The company's revenue for 2022 reached ¥15,463,905,959.37, representing a 71.90% increase compared to ¥8,995,894,111.31 in 2021[19]. - Net profit attributable to shareholders for 2022 was ¥3,104,433,993.56, up 77.53% from ¥1,748,727,819.13 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥2,959,051,738.74, reflecting a 78.25% increase from ¥1,660,041,467.57 in 2021[19]. - The company's total assets as of the end of 2022 amounted to ¥35,697,309,157.66, a 66.42% increase from ¥21,450,262,561.84 in 2021[19]. - The net cash flow from operating activities for 2022 was ¥1,223,361,736.87, a decrease of 29.09% compared to ¥1,725,113,559.10 in 2021[19]. - The net assets attributable to shareholders at the end of 2022 were ¥13,456,926,161.06, which is a 28.32% increase from ¥10,486,702,727.06 in 2021[19]. - Basic earnings per share increased by 76.38% to CNY 2.24 in 2022 compared to CNY 1.27 in 2021[20]. - Diluted earnings per share rose by 76.98% to CNY 2.23 in 2022 from CNY 1.26 in 2021[20]. Dividend and Share Capital - The company plans to distribute a cash dividend of 3.4 CNY per 10 shares, totaling approximately 472.88 million CNY based on a total share count of 1,390,829,959 shares as of December 31, 2022[4]. - The company intends to increase its total share capital to 2,016,703,441 shares by converting 4.5 shares for every 10 shares held, based on the same total share count[4]. - The company has not disclosed any significant changes in its share capital or shareholder structure during the reporting period[7]. Audit and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[3]. - The company emphasizes the accuracy and completeness of its financial reports, with key personnel affirming the integrity of the annual report[3]. - The company has confirmed that all board members are able to guarantee the authenticity and completeness of the annual report[5]. - The company has not encountered any violations of decision-making procedures regarding external guarantees[5]. - The company has established a robust information disclosure management system to ensure timely and accurate information dissemination, protecting the rights of shareholders, especially minority shareholders[104]. - The company has committed to maintaining transparency and compliance with the Shanghai Stock Exchange's self-regulatory guidelines[104]. Strategic Development and Market Expansion - The company plans to expand its market presence and invest in new technologies to enhance its competitive edge[19]. - The company is focusing on the development of new products and technologies to meet growing market demands[19]. - Strategic partnerships and potential acquisitions are being explored to facilitate market expansion and innovation[19]. - The company aims to maintain a strong growth trajectory in the upcoming fiscal year, with optimistic performance guidance[19]. - The company is actively exploring new fields in battery materials and photovoltaic equipment, including solid-state batteries and 3D printing technologies[30]. - The company is enhancing its operational management system and resource collaboration among business units to ensure sustained and stable growth[93]. Research and Development - The company has a strong R&D team and battery field experts, positioning itself as a platform-type enterprise in battery materials and process solutions[37]. - The company’s R&D expenses increased by 69.78% to ¥921 million, reflecting a commitment to new product and process development[47]. - The company is committed to developing new products and technologies, including low-cost sodium-ion battery materials and advanced surface modification techniques for anode materials[90]. - The company continues to enhance the performance and production efficiency of its base film products, including high porosity separators and ultra-thin base films, by improving production line speed and optimizing processes and automation levels[91]. Environmental and Social Responsibility - The company invested ¥15,991.26 million in environmental protection during the reporting period[144]. - The company implemented carbon reduction measures, achieving a reduction of 53,978 tons of CO2 equivalent emissions[152]. - The rooftop solar project across 7 factories has a total installed capacity of 50.01 MWP, expected to generate approximately 50 million kWh annually, reducing CO2 emissions by about 39,400 tons[153]. - The company continues to enhance its ESG management framework and actively participates in social responsibility initiatives[156]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and changes in industrial policies that could adversely affect its operating performance[95]. - Increased competition in the electric vehicle market may pressure the company to continuously innovate and differentiate its products to maintain profitability[96]. - The company is at risk of product obsolescence if it cannot keep pace with advancements in new battery technologies that outperform lithium-ion batteries[97]. - Changes in the international trade environment may impact the company's ability to secure overseas orders and meet global supply chain demands[98]. Governance and Management - The company has established a sound governance structure, ensuring effective decision-making and protection of investor rights[143]. - The company’s board of directors has been actively involved in overseeing compliance with legal and regulatory requirements, ensuring governance standards are met[104]. - The company has a structured training program aimed at developing high-quality talent and enhancing employee performance[131]. - The company has a systematic performance evaluation mechanism for management personnel, ensuring transparency and alignment with company performance indicators[140].

证券代码:603659 证券简称:璞泰来 公告编号:2023-040 上海璞泰来新能源科技股份有限公司 关于召开 2022 年度业绩暨分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 投资者可于 2023 年 4 月 3 日（星期一）至 4 月 10 日（星期一）16:00 前登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 IR@putailai.com 进行提问，公司将在说明会上对投资者普遍关注的问题于信息披 露允许的范围内进行解答。 上海璞泰来新能源科技股份有限公司（以下简称"公司"、"璞泰来"）已于2023 年3月28日披露公司2022年年度报告及相关文件，为便于广大投资者更加全面且深 入地了解公司2022年年度财务状况和经营成果，公司拟于2023年4月11日（星期二） 下午 14:00-15:00 举行2022年度业绩暨分红说明会（以下简称"说明会"），就投 资者普遍关注的问题进行交流。 一、说明会类型 本次投 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 25%[11]. - The company's operating revenue for the first half of 2022 was ¥6,894,794,543.62, representing a 75.76% increase compared to ¥3,922,916,380.56 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was ¥1,395,801,985.89, an increase of 80.13% from ¥774,869,887.26 in the previous year[17]. - The company achieved a basic earnings per share of ¥1.01, up 80.36% from ¥0.56 in the previous year[18]. - The company reported a significant increase in contract liabilities to ¥3,830,001,729.90 from ¥1,726,185,172.24, which is an increase of approximately 121.5%[110]. - The total comprehensive income for the first half of 2022 was CNY 1,513,648,628.61, compared to CNY 775,971,514.67 in the previous year[117]. - The company reported a net profit margin improvement, with net profit for the first half of 2022 showing a positive trend compared to the previous year[115]. Market Expansion and Growth Strategy - Future outlook indicates a projected revenue growth of 30% for the second half of 2022, driven by new product launches and market expansion strategies[11]. - Market expansion efforts include entering two new provinces, which are expected to contribute an additional RMB 300 million in revenue by the end of 2022[11]. - The company plans to launch three new products in Q3 2022, targeting a 20% increase in sales from these new offerings[11]. - The company is focusing on the development of new products such as silicon-based anodes and composite graphite, aiming to maintain a leading industry position in capacity layout and new material research[41]. Research and Development - The company is investing RMB 200 million in R&D for new technologies aimed at enhancing product efficiency and sustainability[11]. - The company has developed a new type of coating agent containing conductive additives, which has been recognized by customers, and is advancing the R&D of silicon-oxygen, silicon-carbon, and hard carbon projects[33]. - The company has achieved breakthroughs in the application of high-temperature resistant binders and small particle size ceramics in separator coating, enhancing safety and performance indicators[34]. - The company is actively investing in the development of new products and technologies in the fields of liquid and nano coating materials[43]. Operational Efficiency and Challenges - The gross profit margin for the first half of 2022 was 18%, a decrease from 22% in the same period last year[11]. - The company faced production and operational pressures due to rising energy and logistics prices, as well as tight upstream raw material supply[19]. - The company has been improving its self-sufficient production capacity in key processes such as granulation and graphitization to address cost pressures[19]. - The company is enhancing its production efficiency through automation and continuous improvement measures to address rising material and labor costs[42]. Financial Position and Cash Flow - The company maintains a strong cash position with RMB 500 million in cash reserves, ensuring liquidity for future investments[11]. - The net cash flow from operating activities decreased by 71.36% to ¥345,403,125.11, down from ¥1,206,216,770.59 in the same period last year[17]. - Cash and cash equivalents increased to ¥4,830,733,520.31 from ¥3,883,942,623.70, representing a growth of approximately 24.4%[109]. - The company's inventory increased by 58.28% to 7,856.09 million yuan, driven by business expansion and increased raw material procurement[50]. Environmental and Social Responsibility - The company reported total emissions of 1.45 tons of particulate matter, 1.87 tons of sulfur dioxide, and 5.12 tons of nitrogen oxides from its subsidiary during the reporting period, all compliant with national standards[70]. - The company has established pollution prevention facilities that operate in accordance with environmental assessment requirements, with no environmental pollution incidents reported during the period[71]. - The company donated a total of 1,412,108 RMB for social welfare initiatives, including 1,369,108 RMB specifically for poverty alleviation projects[80]. - The company has committed to reducing carbon emissions through various measures, including the promotion of distributed photovoltaic projects[77]. Corporate Governance and Shareholder Information - The company approved a stock option and restricted stock incentive plan, granting a total of 7.4383 million rights to 78 individuals, with 6.37 million stock options awarded to 17 individuals[67]. - The largest shareholder, Liang Feng, holds 366,559,228 shares, representing 26.35% of the total shares[98]. - The total number of ordinary shareholders as of the end of the reporting period is 37,231[97]. - The company has no preferred shareholders with restored voting rights as of the end of the reporting period[98]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[136]. - The company’s financial statements reflect its financial position, operating results, changes in shareholders' equity, and cash flows accurately and completely[138]. - The company has established specific accounting policies and estimates based on its actual production and operational characteristics[137]. - The group recognizes foreign currency translation differences as other comprehensive income, which are reclassified to profit or loss upon disposal of foreign operations[146].

2021 年年度报告 公司代码：603659 ————————————————————————公司简称：璞泰来 上海璞泰来新能源科技股份有限公司 2021 年年度报告 1 / 212 2021 年年度报告 重要提示 一、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、公司全体董事出席董事会会议。 三、安永华明会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、公司负责人梁丰、主管会计工作负责人韩钟伟及会计机构负责人（会计主管人员）张文武声 明：保证年度报告中财务报告的真实、准确、完整。 五、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 2021 年年度利润分配预案：以实施权益分派股权登记日的总股本为基数进行利润分配，向全 体股东每 10 股派发现金红利 5.04 元（含税），以截止 2021 年 12 月 31 日公司总股本 694,383,539 股为基数进行测算，本次拟派发现金红利 349,969,303.66 元（含税）。同时拟向全体股东每 10 股以资本公 ...

[Report Overview](index=1&type=section&id=Report%20Overview) This report presents the unaudited third-quarter financial statements of Shanghai Putailai New Energy Technology Co., Ltd. for 2021, with the Board, Supervisory Board, and senior management guaranteeing its accuracy - This quarter's financial statements are unaudited[3](index=3&type=chunk) - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the report content[3](index=3&type=chunk) [Key Financial Data](index=1&type=section&id=Item%20I.%20Key%20Financial%20Data) The company demonstrated strong financial performance during the reporting period, with significant year-over-year increases in operating revenue and net profit, continuous asset expansion, and improved operating cash flow [Key Accounting Data and Financial Indicators](index=1&type=section&id=%28I%29Key%20Accounting%20Data%20and%20Financial%20Indicators) For Q3 2021 and year-to-date, the company achieved substantial growth in operating revenue and net profit attributable to shareholders, with corresponding increases in EPS, total assets, and owner's equity Key Accounting Data and Financial Indicators for Q3 2021 and Year-to-Date | Item | Current Period (RMB) | YoY Change (%) - Current Period | Year-to-Date (RMB) | YoY Change (%) - Year-to-Date | End of Current Period (RMB) | End of Prior Year (RMB) | Change from Prior Year-End (%) | | :---------------------------------------------------------------- | :------------------- | :------------------------------ | :----------------- | :---------------------------- | :-------------------------- | :------------------------ | :----------------------------- | | Operating Revenue | 2,372,194,767.04 | 62.59 | 6,295,111,147.60 | 88.10 | | | | | Net Profit Attributable to Shareholders of the Listed Company | 456,068,706.75 | 108.61 | 1,230,938,594.01 | 196.38 | | | | | Net Profit Attributable to Shareholders of the Listed Company, Excluding Non-recurring Gains and Losses | 440,381,226.90 | 115.21 | 1,156,527,979.12 | 204.36 | | | | | Net Cash Flow from Operating Activities | N/A | N/A | 1,384,760,100.31 | 364.89 | | | | | Basic Earnings Per Share (RMB/share) | 0.66 | 83.33 | 1.77 | 160.29 | | | | | Diluted Earnings Per Share (RMB/share) | 0.66 | 83.33 | 1.77 | 160.29 | | | | | Weighted Average Return on Net Assets (%) | 4.68 | decreased by 1.34 percentage points | 13.07 | increased by 1.54 percentage points | | | | | Total Assets | | | | | 18,072,582,346.70 | 14,486,275,424.65 | 24.76 | | Total Equity Attributable to Shareholders of the Listed Company | | | | | 9,964,890,572.00 | 8,914,163,998.06 | 11.79 | [Non-recurring Gains and Losses and Amounts](index=2&type=section&id=%28II%29Non-recurring%20Gains%20and%20Losses%20and%20Amounts) Non-recurring gains and losses totaled **RMB 15,687,479.85** for the current period and **RMB 74,410,614.89** year-to-date, primarily comprising government grants and other non-operating income/expenses Non-recurring Gains and Losses and Amounts | Item | Amount - Current Period (RMB) | Amount - Year-to-Date (RMB) | | :---------------------------------------------------------------- | :---------------------------- | :-------------------------- | | Gains and Losses from Disposal of Non-current Assets | 82,105.75 | -3,074,944.03 | | Government Grants Included in Current Profit and Loss | 16,251,427.37 | 86,360,825.88 | | Other Non-operating Income and Expenses Apart from the Above | -374,258.53 | -867,784.98 | | Other Profit and Loss Items Meeting the Definition of Non-recurring Gains and Losses | 2,222,573.56 | 5,222,534.77 | | Less: Income Tax Impact | -2,550,317.68 | -13,303,094.80 | | Minority Interests Impact (After Tax) | 55,949.38 | 73,078.05 | | Total | 15,687,479.85 | 74,410,614.89 | [Changes and Reasons for Key Accounting Data and Financial Indicators](index=3&type=section&id=%28III%29Changes%20and%20Reasons%20for%20Key%20Accounting%20Data%2C%20Financial%20Indicators) Significant growth in operating revenue and net profit is attributed to robust global lithium-ion battery demand, capacity expansion, and enhanced cost control, while increased operating cash flow stems from higher sales collections due to rapid business growth - Operating revenue for July-September increased by **62.59%** year-over-year, and by **88.10%** year-to-date, driven by strong global lithium-ion battery market demand, accelerated capacity expansion, and effective integrated business synergy, leading to rapid sales growth across all business segments[35](index=35&type=chunk)[37](index=37&type=chunk) - Net profit attributable to shareholders of the listed company for July-September increased by **108.61%** year-over-year, and by **196.38%** year-to-date, primarily due to continuous process improvements, enhanced production efficiency, active promotion of raw material optimization and domestic substitution, sustained cost reduction efforts, and reasonable control of various expenses, further strengthening the company's profitability[35](index=35&type=chunk)[37](index=37&type=chunk) - Net cash flow from operating activities for January-September increased by **364.89%** year-over-year, mainly due to a rapid increase in business volume and higher cash received from sales of goods and services during the period[37](index=37&type=chunk) [Shareholder Information](index=4&type=section&id=Item%20II.%20Shareholder%20Information) As of the end of the reporting period, the company had **22,893** common shareholders, with a high concentration of shares among the top ten, and significant combined holdings by the actual controller Liang Feng and his related parties [Total Common Shareholders and Top Ten Shareholders' Holdings](index=4&type=section&id=%28I%29Total%20Common%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings) At the end of the reporting period, there were **22,893** common shareholders, with actual controller Liang Feng as the largest shareholder at **26.39%**, and his related parties Fujian Shengyue and Nanyang Kuoneng also among the top three, with some shares pledged - Total common shareholders at the end of the reporting period were **22,893** households[38](index=38&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Type | Number of Shares Held | Shareholding Ratio (%) | Share Status | Pledged, Marked, or Frozen Shares | | :---------------------------------------------------------------------------- | :----------------------- | :-------------------- | :--------------------- | :----------- | :-------------------------------- | | Liang Feng | Domestic Natural Person | 183,279,614 | 26.39 | Pledged | 10,910,800 | | Fujian Shengyue Equity Investment Partnership (Limited Partnership) | Domestic Non-State Legal Person | 79,400,457 | 11.43 | Pledged | 54,880,000 | | Nanyang Kuoneng Enterprise Management Partnership (Limited Partnership) | Domestic Non-State Legal Person | 68,896,395 | 9.92 | None | | | Chen Wei | Domestic Natural Person | 60,169,712 | 8.66 | None | | | Hong Kong Securities Clearing Company Limited | Other | 46,106,144 | 6.64 | None | | | Qi Xiaodong | Domestic Natural Person | 13,100,000 | 1.89 | None | | | Industrial and Commercial Bank of China Co., Ltd. - ABC-CA New Energy Theme Flexible Allocation Mixed Securities Investment Fund | Other | 10,432,841 | 1.50 | None | | | China Construction Bank Corporation - China Asset Management Energy Innovation Stock Fund | Other | 6,675,287 | 0.96 | None | | | Agricultural Bank of China Co., Ltd. - Cathay Smart Car Stock Investment Fund | Other | 4,068,585 | 0.59 | None | | | China Construction Bank Corporation - Cinda Asset Management Aoyuan New Energy Industry Stock Investment Fund | Other | 3,939,197 | 0.57 | None | | - Fujian Shengyue Equity Investment Partnership (Limited Partnership) is a limited partnership where Ms. Shao Xiaomei, wife of actual controller Mr. Liang Feng, serves as the general partner and executive partner; Nanyang Kuoneng Enterprise Management Partnership (Limited Partnership) is a limited partnership where Mr. Liang Feng serves as the general partner and executive partner[39](index=39&type=chunk) [Other Reminders](index=5&type=section&id=Item%20III.%20Other%20Reminders) The company declares no other significant operational information requiring special investor attention during this reporting period - There is no other significant information regarding the company's operations requiring investor attention in this reporting period[40](index=40&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) This section provides the company's unaudited consolidated balance sheet, income statement, and cash flow statement, along with an explanation of the impact of the new lease standards adopted in 2021 on the financial statements [Type of Audit Opinion](index=5&type=section&id=%28I%29Type%20of%20Audit%20Opinion) This quarter's financial statements are unaudited - This quarter's financial statements are unaudited[40](index=40&type=chunk) [Consolidated Balance Sheet](index=5&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2021, total assets reached **RMB 18.07 billion**, a **24.76%** increase from the end of the prior year, with significant growth in both current and non-current assets, and a corresponding increase in total liabilities Consolidated Balance Sheet Key Data (As of September 30, 2021) | Item | September 30, 2021 (RMB) | December 31, 2020 (RMB) | Change (%) | | :-------------------------------------------- | :----------------------- | :---------------------- | :--------- | | Cash and Cash Equivalents | 4,010,667,733.00 | 5,029,617,919.89 | -20.26 | | Financial Assets Held for Trading | 720,815,754.24 | 973,167,940.24 | -25.93 | | Accounts Receivable | 1,875,404,641.66 | 1,699,762,402.87 | 10.33 | | Prepayments | 521,399,267.70 | 123,964,569.66 | 320.61 | | Inventories | 3,877,567,011.44 | 2,236,512,184.76 | 73.38 | | Total Current Assets | 11,402,744,763.99 | 10,373,288,216.30 | 9.92 | | Long-term Equity Investments | 368,660,271.91 | 246,745,408.99 | 49.40 | | Fixed Assets | 3,665,076,186.27 | 2,457,094,183.65 | 49.16 | | Construction in Progress | 1,201,072,785.43 | 811,201,838.39 | 48.06 | | Intangible Assets | 396,578,040.13 | 241,541,951.03 | 64.19 | | Total Non-current Assets | 6,669,837,582.71 | 4,112,987,208.35 | 62.17 | | Total Assets | 18,072,582,346.70 | 14,486,275,424.65 | 24.76 | | Short-term Borrowings | 565,478,086.12 | 1,227,726,013.89 | -53.94 | | Notes Payable | 1,346,504,395.35 | 609,607,807.07 | 120.89 | | Accounts Payable | 2,198,053,965.16 | 1,645,715,163.97 | 33.57 | | Contract Liabilities | 1,549,869,456.37 | 728,195,433.33 | 112.84 | | Total Current Liabilities | 7,031,410,832.76 | 5,301,677,903.05 | 32.63 | | Long-term Borrowings | 738,835,317.52 | 0.00 | N/A | | Total Non-current Liabilities | 930,190,539.69 | 269,298,472.42 | 245.40 | | Total Liabilities | 7,961,601,372.45 | 5,570,976,375.47 | 42.90 | | Equity Attributable to Owners of the Parent Company | 9,964,890,572.00 | 8,914,163,998.06 | 11.79 | | Minority Interests | 146,090,402.25 | 1,135,051.12 | 12771.00 | | Total Equity | 10,110,980,974.25 | 8,915,299,049.18 | 13.41 | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) For the first three quarters of 2021, total operating revenue reached **RMB 6.295 billion**, an **88.10%** year-over-year increase, with net profit reaching **RMB 1.242 billion**, up **175.94%**, demonstrating significantly enhanced profitability Consolidated Income Statement Key Data (First Three Quarters of 2021) | Item | First Three Quarters of 2021 (RMB) | First Three Quarters of 2020 (RMB) | Change (%) | | :-------------------------------------------- | :--------------------------------- | :--------------------------------- | :--------- | | Total Operating Revenue | 6,295,111,147.60 | 3,346,677,736.93 | 88.10 | | Operating Costs | 4,033,903,781.53 | 2,271,433,383.13 | 77.60 | | Taxes and Surcharges | 37,179,955.97 | 25,614,411.72 | 45.15 | | Selling Expenses | 124,906,161.07 | 148,674,254.91 | -15.99 | | Administrative Expenses | 250,009,789.27 | 137,952,998.80 | 81.23 | | Research and Development Expenses | 356,500,902.05 | 159,434,493.00 | 123.60 | | Financial Expenses | -4,652,658.38 | 106,681,111.67 | -104.36 | | Other Income | 86,353,007.32 | 43,672,795.23 | 97.74 | | Investment Income | 5,222,534.77 | 3,054,011.82 | 71.00 | | Credit Impairment Losses | -50,733,456.39 | -37,347,975.24 | -35.86 | | Asset Impairment Losses | -70,567,087.47 | 4,629,163.40 | -1625.00 | | Operating Profit | 1,468,040,669.38 | 510,876,232.47 | 187.39 | | Total Profit | 1,463,620,512.16 | 511,941,339.98 | 185.88 | | Net Profit | 1,242,030,036.84 | 450,074,020.18 | 175.94 | | Net Profit Attributable to Owners of the Parent Company | 1,230,938,594.01 | 415,328,620.91 | 196.38 | | Minority Interest Income/Loss | 11,091,442.83 | 34,745,399.27 | -68.07 | | Basic Earnings Per Share (RMB/share) | 1.77 | 0.68 | 160.29 | | Diluted Earnings Per Share (RMB/share) | 1.77 | 0.68 | 160.29 | [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2021, net cash flow from operating activities significantly increased to **RMB 1.385 billion**, while cash outflows from investing activities rose substantially, and financing activities shifted to a net outflow Consolidated Cash Flow Statement Key Data (First Three Quarters of 2021) | Item | First Three Quarters of 2021 (RMB) | First Three Quarters of 2020 (RMB) | Change (%) | | :---------------------------------------------------------------- | :--------------------------------- | :--------------------------------- | :--------- | | Cash Received from Sales of Goods and Services | 5,233,996,812.38 | 2,477,690,724.38 | 111.25 | | Subtotal of Cash Inflows from Operating Activities | 5,681,895,040.10 | 2,605,810,539.58 | 118.05 | | Cash Paid for Goods and Services | 3,036,232,958.69 | 1,670,186,257.26 | 81.79 | | Cash Paid to and for Employees | 658,768,326.91 | 350,610,303.61 | 87.90 | | Subtotal of Cash Outflows from Operating Activities | 4,297,134,939.79 | 2,307,939,452.63 | 86.11 | | Net Cash Flow from Operating Activities | 1,384,760,100.31 | 297,871,086.95 | 364.89 | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 1,649,296,298.89 | 633,342,608.91 | 160.42 | | Net Cash Flow from Investing Activities | -2,103,912,595.63 | -817,109,741.01 | -157.48 | | Cash Received from Borrowings | 1,327,400,000.00 | 2,603,300,000.00 | -49.01 | | Cash Paid for Debt Repayment | 1,253,000,000.00 | 1,581,310,000.00 | -20.76 | | Net Cash Flow from Financing Activities | -381,805,009.64 | 1,030,998,315.78 | -137.03 | | Net Increase in Cash and Cash Equivalents | -1,108,678,044.98 | 500,967,735.73 | -321.39 | | Cash and Cash Equivalents at End of Period | 3,798,153,890.20 | 948,126,346.96 | 300.50 | - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets significantly increased, reflecting the company's investments in capacity expansion and technological research and development[49](index=49&type=chunk) [Adjustments for New Lease Standards](index=12&type=section&id=%28III%29Adjustments%20to%20Financial%20Statements%20at%20the%20Beginning%20of%20the%20First%20Year%20of%20Adoption%20of%20New%20Lease%20Standards%20from%202021) Effective January 1, 2021, the company adopted new lease standards, recognizing **RMB 70,216,122.23** in right-of-use assets and **RMB 54,630,036.39** in lease liabilities, while reducing prepayments by **RMB 15,586,085.84**, leading to increases in both total assets and total liabilities - The company adopted the revised "Accounting Standard for Business Enterprises No. 21 – Leases" issued by the Ministry of Finance starting January 1, 2021[53](index=53&type=chunk) Impact of New Lease Standards Adjustments | Item | December 31, 2020 (RMB) | January 1, 2021 Adjusted (RMB) | Adjustment Amount (RMB) | | :------------- | :---------------------- | :----------------------------- | :---------------------- | | Prepayments | 123,964,569.66 | 108,378,483.82 | -15,586,085.84 | | Right-of-Use Assets | 0.00 | 70,216,122.23 | 70,216,122.23 | | Total Assets | 14,486,275,424.65 | 14,540,905,461.04 | 54,630,036.39 | | Lease Liabilities | 0.00 | 54,630,036.39 | 54,630,036.39 | | Total Liabilities | 5,570,976,375.47 | 5,625,606,411.86 | 54,630,036.39 | - In accordance with the new standards and related transitional provisions, right-of-use assets of **RMB 70,216,122.23** and lease liabilities of **RMB 54,630,036.39** were recognized, with a corresponding reduction in prepayments of **RMB 15,586,085.84**[53](index=53&type=chunk)