诺德股份(600110) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,228,250,790.61, representing a year-over-year increase of 114.87%[3] - The net profit attributable to shareholders for the same period was ¥120,098,118.88, a significant increase of 8,663.26% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥106,111,882.10, reflecting a year-over-year increase of 1,610.00%[3] - The basic earnings per share for Q3 2021 was ¥0.0860, up 7,066.67% from the same period last year[4] - Total operating revenue for the first three quarters of 2021 reached ¥3,235,992,820.39, a significant increase from ¥1,363,896,804.13 in the same period of 2020, representing a growth of approximately 137.5%[21] - Operating profit for the first three quarters of 2021 was ¥348,236,661.68, compared to a profit of ¥785,296.03 in the same period of 2020, indicating a substantial improvement[22] - Net profit for the first three quarters of 2021 was ¥321,581,872.29, a turnaround from a net loss of ¥8,018,339.18 in the same period of 2020[22] - The company reported a basic and diluted earnings per share of ¥0.2302 for the first three quarters of 2021, compared to a loss per share of ¥0.0142 in the same period of 2020[23] - The total comprehensive income for the first three quarters of 2021 was ¥316,688,266.52, contrasting with a total comprehensive loss of ¥11,133,173.03 in the same period of 2020[23] Cash Flow and Investments - The company reported a net cash flow from operating activities of ¥632,287,151.28, which is a 621.50% increase year-to-date[3] - Cash flow from operating activities for the first three quarters of 2021 was ¥632,287,151.28, compared to a negative cash flow of ¥121,244,860.56 in the same period of 2020[26] - Total cash inflow from investment activities was ¥267,598,140.33, while cash outflow was ¥696,478,220.71, resulting in a net cash flow of -¥428,880,080.38 for investment activities[26] - Total cash inflow from financing activities was $2,070,243,394.76, an increase from $1,875,402,282.26 in the previous year[27] - Total cash outflow from financing activities reached $2,633,885,898.07, compared to $2,125,638,990.51 in the prior year[27] - Net cash flow from financing activities was -$563,642,503.31, worsening from -$250,236,708.25 year-over-year[27] - The ending balance of cash and cash equivalents was $1,211,185,787.25, down from $1,572,131,325.34 at the beginning of the period[27] - The company reported a net decrease in cash and cash equivalents of -$360,945,538.09, compared to -$204,356,601.35 in the same quarter last year[27] - Cash paid for debt repayment was $2,086,885,655.94, up from $1,961,150,948.76 year-over-year[27] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥8,613,358,424.33, an increase of 7.45% compared to the end of the previous year[4] - The company's current assets totaled RMB 4,352,433,517.92, compared to RMB 4,240,206,741.53 in the previous year, indicating an increase of about 2.65%[19] - The company's total liabilities were RMB 4,864,705,300.38, compared to RMB 4,604,125,752.18 in the previous year, showing an increase of around 5.65%[20] - The company's equity attributable to shareholders reached RMB 3,748,653,123.95, up from RMB 3,412,151,936.83, marking an increase of approximately 9.85%[20] - The company reported a significant increase in accounts receivable, which rose to RMB 1,487,718,512.86 from RMB 1,213,697,065.08, representing a growth of about 22.54%[17] - The company’s inventory increased to RMB 456,148,413.47 from RMB 385,398,513.46, indicating a rise of approximately 18.41%[19] - Total liabilities included a long-term loan increase of 87.65 million, reflecting enhanced financing activities[9] - The company’s long-term borrowings increased to RMB 824,804,100.00 from RMB 439,540,000.00, reflecting a growth of approximately 87.67%[20] Research and Development - Research and development expenditures increased by 184.21% due to heightened investment in copper foil and wire and cable accessory projects[8] - R&D expenses increased to 88.71 million, reflecting the company's commitment to enhancing research and development efforts[9] - Research and development expenses increased to ¥112,388,858.17 in the first three quarters of 2021, up from ¥59,557,506.20 in the same period of 2020, reflecting a growth of approximately 88.7%[21] Operational Highlights - Operating revenue for Q3 2021 reached 137.26 million, driven by increased product sales volume and price hikes[9] - Operating costs amounted to 127.26 million, primarily due to rising prices of key raw materials and increased sales volume[9] - The company experienced a 100.00% increase in derivative financial assets due to the initiation of hedging activities in non-ferrous metals[8] - The company’s construction in progress increased by 1,156.64%, attributed to new projects in Huizhou and Qinghai[8] - The company plans to continue expanding its market presence and investing in new technologies[9] Other Financial Information - The company received government subsidies, leading to an increase in other income to 303.79 million[10] - Credit impairment losses were recorded at 167.15 million, resulting from increased provisions for receivables[10] - Deferred tax assets rose to 42.53 million, mainly due to increased provisions for bad debts and stock-based compensation[9] - The company is in the process of a non-public stock issuance, which has been accepted by the China Securities Regulatory Commission, but the approval timeline remains uncertain[16] - The company paid $120,958,911.32 in dividends and interest, an increase from $107,840,620.24 in the previous year[27] - The company did not apply the new lease accounting standards for the current year[27]