新疆天业(600075) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,172,438,587.69, representing a 30.43% increase compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was CNY 473,160,199.66, a 26.66% increase year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 461,768,954.89, reflecting a 39.63% increase compared to the previous year[3]. - The basic earnings per share for Q3 2021 was CNY 0.32, up 14.29% from CNY 0.24 in the same period last year[3]. - The diluted earnings per share for Q3 2021 was CNY 0.37, an increase of 32.14% compared to CNY 0.23 in the previous year[3]. - The weighted average return on equity increased to 5.39%, up 1.04 percentage points from 3.47% year-on-year[3]. - The company achieved an operating revenue of 8,383.07 million RMB for the first nine months of 2021, a 37.88% increase compared to 6,079.90 million RMB in the same period last year[13]. - The net profit attributable to the parent company for the first nine months of 2021 was 1,439.76 million RMB, representing a 208.87% increase from 466.13 million RMB in the same period last year[13]. - Total operating revenue for the first three quarters of 2021 reached ¥8,383,065,882.46, a 33.5% increase from ¥6,282,096,909.40 in the same period of 2020[21]. - Operating profit for the first three quarters of 2021 was ¥1,693,104,206.51, compared to ¥634,459,858.57 in the same period of 2020, representing a significant increase[21]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥1,439,759,205.98, up from ¥523,662,016.45 in the same period of 2020, marking a 174.5% increase[23]. - Total comprehensive income for the first three quarters of 2021 was ¥1,439,283,382.67, compared to ¥529,060,934.33 in the same period of 2020[23]. Assets and Equity - Total assets at the end of the reporting period were CNY 15,814,955,706.76, a 7.05% increase from the previous year[3]. - Shareholders' equity attributable to the parent company was CNY 9,664,626,622.69, reflecting a 34.54% increase compared to the previous year[3]. - As of September 30, 2021, current assets totaled CNY 4.86 billion, an increase from CNY 3.72 billion at the end of 2020[18]. - Total assets as of September 30, 2021, were CNY 15.81 billion, compared to CNY 14.77 billion at the end of 2020[19]. - The equity attributable to shareholders of the parent company increased to CNY 9.66 billion from CNY 7.18 billion at the end of 2020[19]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,152,830,474.15, a 41.07% increase compared to the same period last year[3]. - Cash flow from operating activities for the first three quarters of 2021 was ¥1,152,830,474.15, an increase from ¥817,202,763.43 in the same period of 2020[25]. - Cash and cash equivalents increased to CNY 1.52 billion from CNY 695.87 million at the end of 2020[18]. - Cash and cash equivalents at the end of the third quarter of 2021 amounted to ¥916,573,071.14, up from ¥710,131,728.61 at the end of the same period in 2020[27]. - The company reported a net cash outflow from investing activities of ¥332,452,268.40 in the first three quarters of 2021, compared to a net outflow of ¥1,236,697,661.76 in the same period of 2020[25]. Production and Projects - The company produced 360,300 tons of PVC resin, 308,800 tons of caustic soda, and 1,040,000 tons of calcium carbide during the first nine months of 2021[13]. - The company is constructing a 100,000 tons/year PBAT project in collaboration with Donghua Engineering Technology Co., Ltd., which is currently under construction[12]. - The company has a total PVC production capacity of 650,000 tons, including 450,000 tons of general PVC and 100,000 tons of special resin[12]. - The company has invested in a wholly-owned subsidiary to build a 250,000 tons/year ultra-pure alcohol-based fine chemicals project and a 225,000 tons/year high-performance resin raw materials project[13]. - The company’s total production of special resin reached 79,700 tons and paste resin reached 81,500 tons in the first nine months of 2021[13]. Inventory and Liabilities - The company reported a significant increase in inventory, with current inventory at CNY 786.43 million compared to CNY 805.68 million at the end of 2020[18]. - Total liabilities decreased to CNY 5.77 billion from CNY 7.22 billion at the end of 2020[19]. Performance Commitments - The company completed 110.87% of its adjusted performance commitment for the first nine months of 2021, achieving a net profit of 793.31 million RMB[14]. - The net profit attributable to the parent company for the first nine months of 2021 was CNY 78.38 million, achieving 108.46% of the annual performance forecast of CNY 71.92 million[15]. - The cumulative net profit after deducting non-recurring gains and losses for 2020 and the first nine months of 2021 was CNY 161.65 million, reaching 80.17% of the three-year cumulative performance commitment of CNY 201.62 million[15]. Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥262,498,402.19, compared to ¥205,453,522.19 in the same period of 2020, indicating a 27.7% increase[21]. Sales Revenue - The significant increase in revenue was primarily driven by a substantial rise in sales prices of products such as polyvinyl chloride resin compared to the previous year[9]. - The company experienced a significant increase in sales revenue from goods and services, totaling ¥9,241,136,731.23 in the first three quarters of 2021, compared to ¥7,352,530,483.27 in the same period of 2020[25]. Profit Margins - The company’s gross profit margin and net profit margin have significantly increased year-on-year due to the strong performance of its main chlor-alkali chemical products[12].