ycec(SH:600248)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥40,592,070,269.39, representing a decrease of 2.92% compared to the same period last year[7] - Net profit attributable to shareholders for Q3 2021 was ¥1,414,190,255.63, an increase of 30.15% year-over-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,419,025,697.45, showing a significant increase of 6,519.36% compared to the same period last year[7] - The company experienced a 30.01% increase in operating revenue due to business growth from the 14th National Games and expansion into markets outside the province[18] - The net profit for the year-to-date period increased by 109.41%, attributed to scale growth and improved management levels post-listing[18] - Total operating revenue for the first three quarters of 2021 reached ¥117.78 billion, a 29.96% increase from ¥90.60 billion in the same period of 2020[33] - Net profit for the third quarter of 2021 was ¥3.51 billion, compared to ¥1.67 billion in the same quarter of 2020, representing a 109.88% increase[36] - Net profit attributable to shareholders of the parent company reached ¥3,408,017,323.66, a significant increase from ¥1,567,820,797.18 in the previous period, representing a growth of approximately 117.4%[40] - Total comprehensive income amounted to ¥3,504,977,205.69, up from ¥1,677,700,860.12, reflecting a growth of about 108.8%[40] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥223,737,783,566.62, which is a 22.96% increase from the end of the previous year[10] - Total current assets as of September 30, 2021, amounted to RMB 200,531,704,070.95, an increase from RMB 161,096,686,323.56 in the previous year[28] - Total assets increased to ¥223.74 billion in Q3 2021, up from ¥181.97 billion in Q3 2020, reflecting a growth of 22.94%[33] - Total liabilities reached ¥200.24 billion, an increase of 21.56% from ¥164.69 billion in the previous year[33] - The total liabilities of the company as of September 30, 2021, were not explicitly stated but are critical for assessing financial health[28] - Total current liabilities were approximately ¥150.40 billion, remaining unchanged[51] - Total non-current liabilities decreased to approximately ¥14.29 billion from ¥14.50 billion, indicating a change of ¥204.08 million[51] - Total liabilities amounted to approximately ¥164.69 billion, down from ¥164.90 billion, with a decrease of ¥204.08 million[51] Equity and Earnings - The weighted average return on equity for Q3 2021 was 6.35%, an increase of 2.30 percentage points year-over-year[10] - Basic earnings per share for Q3 2021 were ¥0.3770, reflecting a 27.52% increase compared to the same period last year[10] - The total equity attributable to shareholders at the end of Q3 2021 was ¥21,813,916,925.72, which is a 36.02% increase compared to the same period last year[10] - The company's equity attributable to shareholders rose to ¥21.81 billion, up from ¥15.69 billion, marking a 38.91% increase[33] - Basic and diluted earnings per share were both ¥1.0331, compared to ¥0.4980 in the same period last year, indicating an increase of 107.1%[40] Cash Flow - The company reported a net cash flow from operating activities of -¥4,414,877,539.27 for the year-to-date period, indicating a decline of 232.88%[10] - Cash inflow from operating activities totaled ¥95,198,215,408.78, compared to ¥88,458,898,300.25 in the previous year, marking an increase of approximately 7.8%[44] - Cash outflow from operating activities was ¥99,613,092,948.05, up from ¥85,136,407,258.79, resulting in a net cash flow from operating activities of -¥4,414,877,539.27, compared to ¥3,322,491,041.46 previously[44] - Cash inflow from investment activities was ¥321,648,059.95, a significant decrease from ¥15,557,401,912.20 in the prior year[46] - Cash outflow from investment activities totaled ¥1,788,343,864.12, down from ¥17,562,361,040.11, leading to a net cash flow from investment activities of -¥1,466,695,804.17[46] - Cash inflow from financing activities reached ¥12,779,804,963.50, slightly up from ¥12,447,405,414.24 in the previous year[46] - Net cash flow from financing activities was ¥3,621,582,075.92, compared to -¥1,741,927,614.14 in the same period last year, indicating a positive turnaround[46] - The ending balance of cash and cash equivalents was ¥13,208,160,680.31, down from ¥14,585,519,996.86, reflecting a decrease of approximately 9.4%[46] Current Assets and Receivables - Accounts receivable increased to RMB 105,752,688,779.08 from RMB 92,063,174,324.47, reflecting a growth of approximately 14.5% year-over-year[28] - Inventory as of September 30, 2021, was RMB 2,854,359,016.64, up from RMB 2,287,600,105.36, indicating a year-over-year increase of about 24.8%[28] - The company reported a total of ¥5.98 billion in undistributed profits[53] - The company holds approximately ¥2.29 billion in inventory, unchanged from the previous period[47] - The company has long-term receivables of approximately ¥1.52 billion, remaining stable[47] - Long-term receivables rose to RMB 2,869,782,538.39 from RMB 1,516,499,013.18, representing an increase of about 89.2% year-over-year[28] Research and Development - Research and development expenses for the third quarter of 2021 were ¥562 million, compared to ¥466 million in the same quarter of 2020, indicating a 20.56% increase[36] Market Strategy - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[28] - The report indicates that the company is actively managing its shareholder structure, with significant stakes held by state-owned entities, reflecting a stable ownership base[24]