宝新能源(000690) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 2,437,908,132.87, an increase of 1.58% year-on-year, while the total revenue for the year-to-date reached CNY 6,909,720,457.70, up 23.00% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2021 was CNY 158,983,200.13, a decrease of 79.82% year-on-year, with a year-to-date net profit of CNY 820,689,744.42, down 42.45% compared to the previous year[2]. - The basic earnings per share for Q3 2021 was CNY 0.08, reflecting a decline of 78.38% year-on-year, while the year-to-date figure was CNY 0.38, down 42.42%[2]. - Total operating revenue for the first nine months of 2021 reached CNY 6,909,720,457.70, an increase from CNY 5,617,534,858.20 in the same period last year, representing a growth of approximately 23%[21]. - Net profit for the first nine months of 2021 was CNY 820,689,744.42, down from CNY 1,426,006,638.13 in the previous year, reflecting a decline of approximately 43%[24]. - The company reported a basic and diluted earnings per share of CNY 0.38, compared to CNY 0.66 in the same period last year[26]. - The total comprehensive income for the first nine months was CNY 823,633,839.26, compared to CNY 1,440,366,347.72 in the same period last year, reflecting a decline of approximately 43%[26]. Assets and Liabilities - The company's total assets at the end of Q3 2021 were CNY 18,826,253,177.35, a decrease of 2.46% from the end of the previous year[2]. - As of September 30, 2021, the total assets of Guangdong Baoliwa New Energy Co., Ltd. amounted to CNY 18,826,253,177.35, a decrease from CNY 19,301,617,062.35 at the end of 2020[14]. - The company's total liabilities decreased to CNY 7,738,949,300.89 from CNY 8,401,927,808.11, reflecting a reduction of about 7.9%[20]. - The long-term borrowings were reported at CNY 4,793,812,305.57, down from CNY 5,380,796,000.00, a decrease of approximately 10.9%[20]. - The total equity attributable to shareholders increased to CNY 11,087,303,876.46 from CNY 10,898,365,809.58, showing a growth of about 1.7%[20]. - The company's current assets totaled CNY 5,843,734,489.39, slightly down from CNY 5,916,186,477.03 in the previous year[14]. - The company's inventory increased by 72.22% year-on-year, reaching CNY 319,079,452.29 at the end of Q3 2021[4]. - The company's short-term borrowings decreased by 68.53% year-on-year, amounting to CNY 150,147,361.12, due to repayment of working capital loans[4]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 1,580,186,072.98, a decrease of 46.54% compared to the same period last year[2]. - Cash flow from operating activities increased to CNY 7,798,137,024.27, up from CNY 6,436,758,602.63, indicating a growth of about 21%[27]. - Net cash flow from operating activities decreased to ¥1,580,186,072.98 from ¥2,955,722,941.82, a decline of approximately 46.5%[29]. - Total cash outflow from operating activities increased to ¥6,217,950,951.29 from ¥3,481,035,660.81, an increase of about 78.9%[29]. - Cash inflow from investment activities decreased to ¥2,035,095,397.08 from ¥3,139,111,971.19, a decrease of approximately 35.4%[29]. - Cash inflow from financing activities decreased to ¥200,000,000.00 from ¥1,339,600,000.00, a decrease of about 85.1%[29]. - Cash outflow from financing activities decreased to ¥1,758,418,780.86 from ¥2,695,608,411.90, a decrease of approximately 34.7%[29]. - The ending balance of cash and cash equivalents increased to ¥4,196,929,434.25 from ¥3,850,789,387.40, an increase of about 9.0%[29]. Operational Challenges - The company faced challenges in power supply due to increased electricity demand and rising coal prices, impacting operational costs and cash flow[11]. - The company is committed to ensuring power supply and fulfilling its social responsibilities amid the ongoing challenges in the electricity sector[11]. Employee Compensation - The company reported a significant increase in employee compensation liabilities, rising to CNY 151,323,007.86 from CNY 110,480,000.00, indicating a growth of approximately 37%[20]. Expenses - Total operating costs increased to CNY 5,770,519,509.97 from CNY 3,733,393,818.33, marking a rise of about 54% year-over-year[21]. - Management expenses rose to CNY 364,433,780.12 from CNY 295,020,568.45, an increase of approximately 23% year-over-year[24]. - Financial expenses decreased to CNY 169,940,504.42 from CNY 237,097,192.43, a reduction of about 28%[24]. - Other comprehensive income after tax was CNY 2,944,094.84, down from CNY 14,359,709.59 in the previous year[24]. - Other comprehensive income was recorded at -$14,623,560.99, reflecting potential challenges in financial performance[37]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 98,408[8]. - The minority interest in equity was $1,323,444.66, highlighting the presence of minority shareholders[37].