ELION(SH:600277)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥3,388,920,927.26, representing a 26.48% increase compared to ¥2,596,687,749.21 in the same period last year[7] - Net profit attributable to shareholders was ¥160,992,965.36, a significant increase of 205.00% from ¥34,100,364.22 year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥169,384,225.51, up 431.47% from ¥29,416,281.77 in the previous year[7] - Basic earnings per share increased to ¥0.05, a 150.00% rise from ¥0.01 in the same quarter last year[7] - Total operating revenue for the first three quarters of 2021 reached RMB 10,278,127,697.69, a 14.9% increase from RMB 8,948,799,062.35 in the same period of 2020[40] - Net profit for the first three quarters of 2021 was RMB 703,593,378.16, up 84.6% from RMB 381,089,899.60 in the first three quarters of 2020[40] - Operating profit increased to RMB 796,934,072.42, compared to RMB 448,332,415.55 in the previous year, reflecting a growth of 77.7%[40] - The company reported a total comprehensive income of RMB 703,699,871.39 for the first three quarters of 2021, compared to RMB 380,505,685.66 in the previous year[42] - Basic earnings per share for the first three quarters of 2021 were RMB 0.18, up from RMB 0.11 in the same period of 2020[42] Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥1,575,142,412.88, an increase of 8.78% compared to ¥1,299,897,957.13 in the same period last year[7] - Cash flow from operating activities for the first three quarters of 2021 was RMB 1,575,142,412.88, an increase from RMB 1,448,038,083.17 in the same period of 2020[46] - The total cash and cash equivalents at the end of the period amounted to 7,037,015,034.87, down from 9,625,347,180.42[48] - The company’s cash and cash equivalents were RMB 7.41 billion, down from RMB 8.40 billion at the end of 2020[32] - The company’s total assets amounted to RMB 34.47 billion, a decrease from RMB 36.42 billion at the end of 2020[35] - The company's current assets totaled RMB 11.44 billion, slightly down from RMB 11.66 billion at the end of 2020[32] - The company’s long-term investments amounted to RMB 5.87 billion, up from RMB 5.64 billion at the end of 2020[32] - The total liabilities amounted to 17,336,479,868.01, with current liabilities totaling 12,046,763,151.89[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 78,273[16] - The largest shareholder, Yili Resources Group Co., Ltd., holds 1,750,256,907 shares, accounting for 49.16% of total shares[16] - The company’s equity attributable to shareholders reached RMB 16.21 billion, an increase from RMB 15.65 billion at the end of 2020[37] - The total equity attributable to shareholders was 15,653,213,060.04, contributing to total equity of 19,085,301,953.87[58] Investments and Expenses - The company experienced a 690.14% increase in trading financial assets due to investment in financial products[12] - Research and development expenses increased by 34.99 million due to higher investment in high-tech projects[15] - The company recorded an investment income of 34.66 million from equity method accounting and equity transfers[15] - The company completed the transfer of 49% equity in a project company for a consideration of 339.49 million, generating an investment income of 86 million[22] - The company reported a significant cash inflow of 856.51 million from the disposal of equity interests in joint ventures[15] - The company reported a cash inflow of 21,050.91 million from the disposal of subsidiaries and other operating units[15] - The company’s total operating costs for the first three quarters of 2021 were RMB 9,934,017,802.95, an increase from RMB 8,859,307,281.51 in the same period of 2020[40] - The company’s financial expenses increased to RMB 186,963,475.53 in the first three quarters of 2021, compared to RMB 138,500,639.31 in the previous year[40] Future Plans and Market Strategy - The company plans to expand its market presence and enhance product offerings in response to industry trends and increased sales prices[12] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[40] - The company plans to permanently supplement working capital with remaining raised funds after terminating part of the fundraising investment projects[21] Credit and Liabilities - The company maintained a stable credit rating of AA from both China Lianhe Credit Rating Co., Ltd. and Dagong Global Credit Rating Co., Ltd.[24][27] - The company experienced a credit impairment loss of 207.82 million due to an increase in other receivables[15] - The company’s short-term borrowings were RMB 4.50 billion, a decrease from RMB 5.02 billion at the end of 2020[35] - Fixed assets decreased by 1,401,762,866.01 to 15,129,245,541.84 due to adjustments from the new leasing standards[58] - The company reported a cash outflow for debt repayment of 2,580,478,854.35, compared to 4,241,551,765.94 in the previous period[48] - The company distributed dividends and interest payments totaling 695,647,358.59, down from 827,518,329.74[48] - The company has implemented new leasing standards starting January 1, 2021, affecting various asset and liability accounts[58]