彤程新材(603650) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for the third quarter was ¥542,288,132.74, a decrease of 2.72% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥38,936,947.61, down 73.93% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥65,780,315.86, a decrease of 53.48% compared to the previous year[3]. - Basic earnings per share for the quarter were ¥0.07, a decline of 72.00% year-on-year[5]. - Diluted earnings per share were ¥0.06, down 76.00% compared to the same period last year[5]. - Net profit for Q3 2021 was CNY 265,719,047.72, a decrease of 22.7% compared to CNY 343,886,309.63 in Q3 2020[23]. - Operating profit for Q3 2021 was CNY 298,740,611.43, a decline of 20.5% from CNY 375,327,787.65 in Q3 2020[23]. - Total comprehensive income for Q3 2021 was CNY 214,272,704.87, compared to CNY 311,569,225.08 in Q3 2020, reflecting a decrease of 31.2%[24]. Assets and Liabilities - The total assets at the end of the quarter were ¥5,662,430,164.26, an increase of 23.53% from the end of the previous year[3]. - The equity attributable to shareholders was ¥2,733,794,485.37, up 11.72% from the end of the previous year[3]. - The company's total liabilities as of September 30, 2021, were CNY 2,859,132,580.44, compared to CNY 1,970,948,236.05 at the end of 2020[20]. - The company's total equity attributable to shareholders was CNY 2,733,794,485.37 as of September 30, 2021, compared to CNY 2,446,994,528.67 at the end of 2020[20]. - The company's long-term equity investments decreased to CNY 1,433,460,562.72 as of September 30, 2021, from CNY 1,733,129,082.88 at the end of 2020[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥229,490,831.26, an increase of 220.97% compared to the same period last year[5]. - The company reported a net cash flow from operating activities of CNY 229,490,831.26, significantly higher than CNY 71,499,682.61 in Q3 2020[25]. - The net cash flow from investment activities was -438,217,405.96 RMB, compared to -237,872,630.27 RMB in the previous year, indicating a decline in investment returns[26]. - Cash inflow from financing activities totaled 2,134,033,268.42 RMB, up from 1,207,195,793.45 RMB year-over-year, reflecting increased borrowing[26]. - The net cash flow from financing activities was 446,750,140.32 RMB, a significant increase from 15,629,942.05 RMB in the same period last year[26]. Operational Highlights - The company experienced significant increases in raw material prices, transportation costs, and R&D investments, impacting profitability[5]. - The semiconductor photoresist business achieved sales orders of 93.76 million yuan from January to September 2021, representing a year-on-year growth of 51.6%[11]. - The production volume of special rubber additives reached 90,107.88 tons with sales volume of 103,052.74 tons, generating revenue of 1.614 billion yuan, a year-on-year increase of 7.8%[12]. - The company has made significant progress in the biodegradable materials sector, with new products developed and patents applied for, including high-end biodegradable film bags[13]. - The company is advancing a project for an annual production capacity of 11,000 tons of semiconductor and flat panel display photoresists, expected to begin phased production in 2022[14]. - The company’s new 10,000 tons per year biodegradable materials project is in the installation phase, with trial production planned for the first quarter of 2022[15]. - The company’s panel photoresist business generated revenue of 195.20 million yuan from January to September 2021, reflecting a year-on-year growth of 26%[11]. - The company has established a platform advantage across various business sectors, aiming to become a leading international enterprise in semiconductor and display panel-related electronic materials[10]. Research and Development - Research and development expenses increased to CNY 94,841,985.54, up 57.2% from CNY 60,261,608.57 in the same period last year[23]. - The company has been approved to publicly issue convertible bonds totaling 800.18 million yuan, with 67.14% of the bonds not yet converted into shares as of September 30, 2021[16].