双良节能(600481) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,018,009,539.16, representing a year-on-year increase of 109.75%[7] - Net profit attributable to shareholders was ¥74,609,549.37, showing a significant increase of 100.44% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,841,999.33, reflecting a substantial increase of 223.05% year-on-year[7] - Basic earnings per share for the quarter were ¥0.0457, up 101.06% from the previous year[10] - Total revenue for the first three quarters of 2021 reached ¥2,267,461,979.71, a significant increase from ¥1,223,768,357.57 in the same period of 2020, representing a growth of approximately 85.4%[38] - The company's net profit for the current period reached ¥192,003,521.46, a significant increase compared to ¥54,246,890.72 in the previous period, representing a growth of approximately 253%[42] - Operating profit for the current period was ¥235,464,159.58, compared to ¥56,539,963.19 in the previous period, indicating an increase of around 317%[42] - The total comprehensive income for the current period was ¥196,524,922.80, significantly higher than ¥53,636,677.29 in the previous period, representing an increase of around 266%[44] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥6,100,562,373.68, an increase of 48.47% compared to the end of the previous year[10] - Total assets increased to ¥6,100,562,373.68 from ¥4,108,927,604.11, marking a growth of about 48.5% year-over-year[36] - Current assets totaled ¥4,312,062,440.52, up from ¥3,194,160,623.05, indicating an increase of approximately 35.0%[36] - Current liabilities rose to ¥3,656,537,778.17 from ¥1,892,543,134.68, reflecting an increase of about 93.4%[36] - Non-current assets amounted to ¥1,788,499,933.16, compared to ¥914,766,981.06, showing a growth of approximately 95.7%[36] - The company's total liabilities reached ¥3,792,355,929.32, up from ¥1,896,521,237.49, which is an increase of about 99.9%[38] - The equity attributable to shareholders increased to ¥2,270,795,753.09 from ¥2,198,434,309.10, representing a growth of approximately 3.3%[38] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was negative at -¥5,108,042.81, indicating a decrease in cash generation[10] - Net cash flow from operating activities was 94.90 million, attributed to increased sales and cash receipts[20] - The cash flow from operating activities showed a net outflow of ¥5,108,042.81, compared to a net outflow of ¥100,113,491.47 in the previous period, indicating an improvement in cash flow management[47] - The net cash flow from investing activities was -501,719,934.82 RMB, a significant decrease compared to 13,027,545.68 RMB in the previous period, indicating a substantial increase in investment outflows[50] - Total cash and cash equivalents at the end of the period amounted to 924,121,433.32 RMB, down from 632,868,029.85 RMB in the previous period, reflecting a net decrease of 73,351,090.54 RMB[50] - The company raised 910,000,000.00 RMB through financing activities, a notable increase from 282,154,019.81 RMB in the prior period, indicating strong capital inflow[50] - Cash outflows for financing activities totaled 472,444,515.91 RMB, compared to 401,216,778.66 RMB previously, showing an increase in cash outflows[50] Inventory and R&D - The company reported a significant increase in inventory by 86.5%, attributed to increased orders and new project trials[18] - R&D expenses rose to 81.74 million as the company focused on new product and market development[20] - Research and development expenses rose to ¥116,776,273.42, up from ¥64,254,494.17, reflecting a growth of approximately 82%[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,564[21] - Major shareholders include Shuangliang Group with a 20.24% stake and Jiangyin Tongsheng with an 18.92% stake[21] Project Developments - The company is investing 7 billion in the 40GW monocrystalline silicon project, which is progressing rapidly[29] - The first phase of the Baotou silicon material project has successfully completed construction and trial production[29] - The company plans to finance its investment needs through various methods, including bank loans and private placements[29] Other Financial Metrics - The company incurred financial expenses of ¥26,086,193.02, a rise from ¥8,794,844.37, indicating an increase of approximately 196%[42] - The total operating cost was ¥2,016,413,906.11, compared to ¥1,168,094,925.87, which is an increase of approximately 72.6%[38] - The company achieved other income of ¥850,721.44, compared to ¥306,677.23 in the previous period, reflecting an increase of about 177%[42] - The total sales and service income received was ¥1,772,774,430.02, compared to ¥937,511,489.03 in the previous period, marking an increase of approximately 89%[47]