SHANDONG STEEL(SH:600022)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥28,457,037,846.60, an increase of 19.72% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥751,646,109.17, representing a significant increase of 209.94% year-on-year[7]. - The net profit after deducting non-recurring gains and losses for the current period was ¥698,812,806.29, up 163.49% from the previous year[7]. - The basic earnings per share for the current period was ¥0.0687, an increase of 209.46% year-on-year[7]. - Total operating revenue for the first three quarters of 2021 reached ¥87.29 billion, a 36.6% increase from ¥63.92 billion in the same period of 2020[31]. - Operating profit for the first three quarters of 2021 was ¥5.54 billion, compared to ¥1.61 billion in the same period of 2020, reflecting a significant increase[31]. - Net profit for the first three quarters of 2021 was ¥4.40 billion, up from ¥1.15 billion in the same period of 2020, marking a growth of 281.5%[31]. - The company reported a basic earnings per share of ¥0.2607 for the first three quarters of 2021, compared to ¥0.0546 in the same period of 2020, showing enhanced profitability[31]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥75,170,128,887.85, reflecting a 9.76% increase from the end of the previous year[7]. - The total equity attributable to shareholders at the end of the reporting period was ¥23,573,014,541.04, an increase of 11.55% from the previous year[7]. - The company's total liabilities increased to ¥40.34 billion, up from ¥37.64 billion year-over-year, reflecting ongoing investments and operational expansion[28]. - The company's inventory increased to ¥6,339,259,688.77 from ¥5,082,931,561.88 year-over-year[26]. - Short-term borrowings rose to ¥6,792,453,934.00 from ¥4,998,688,265.74, indicating a significant increase in leverage[26]. - The total cash inflow from operating activities included CNY 69,740,219,748.61 from sales and services, compared to CNY 52,007,048,484.58 in the previous year, an increase of 34.2%[34]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥5,647,176,587.65, an increase of 33.94% compared to the previous year[7]. - The net cash flow from operating activities for the first three quarters of 2021 was CNY 5,647,176,587.65, an increase of 34.0% compared to CNY 4,216,100,993.74 in the same period of 2020[34]. - Total cash inflow from operating activities reached CNY 70,412,743,682.72, up from CNY 52,579,178,657.33, representing a growth of 33.9% year-over-year[34]. - Cash outflow for purchasing goods and services was CNY 58,820,308,526.25, compared to CNY 44,038,287,960.47 in the previous year, indicating a rise of 33.6%[34]. - The ending balance of cash and cash equivalents was CNY 6,165,416,907.49, up from CNY 3,795,533,592.52, reflecting a growth of 62.5%[34]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 273,205[19]. - The largest shareholder, Jinan Steel Group Co., Ltd., holds 3,312,966,194 shares, accounting for 30.26% of total shares[19]. Investments and R&D - Research and development expenses increased to ¥1.74 billion in the first three quarters of 2021, compared to ¥837.98 million in the same period of 2020, indicating a focus on innovation[31]. - The company reported a significant increase in long-term equity investments to ¥2,028,700,464.44 from ¥1,762,198,241.70[26]. Strategic Outlook - The company attributed the increase in revenue and profit primarily to higher steel prices and improved cost control measures[15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]. - The company has not disclosed any new product developments or market expansion strategies in the current report[21]. - There are no indications of mergers or acquisitions in the recent reporting period[21].