Chongqing Port (SH:600279)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,715,038,688.47, representing a year-on-year increase of 43.04%[6] - The net profit attributable to shareholders for Q3 2021 was CNY 26,382,399.53, reflecting a year-on-year increase of 15.34%[6] - The cumulative net profit attributable to shareholders for the year decreased by 49.21% to CNY 32,765,931.86[6] - The basic earnings per share for Q3 2021 was CNY 0.0222, down 15.34% compared to the same period last year[7] - Total operating revenue for the first three quarters of 2021 reached ¥4,687,586,673.38, an increase of 35.2% compared to ¥3,466,712,308.97 in the same period of 2020[25] - Net profit for the third quarter of 2021 was ¥55,312,496.45, a decrease of 38.8% from ¥90,410,964.02 in the same quarter of 2020[26] - The company reported a total comprehensive income of ¥55,312,496.45 for the third quarter of 2021, down from ¥115,460,964.02 in the same quarter of 2020[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,691,009,562.30, an increase of 1.05% from the end of the previous year[7] - As of September 30, 2021, the total assets of the company amounted to CNY 12.69 billion, an increase from CNY 12.56 billion at the end of 2020, reflecting a growth of approximately 1.03%[21] - The company's total liabilities as of the end of the third quarter of 2021 amounted to ¥5,919,854,147.88, compared to ¥5,751,849,945.24 at the end of the previous year[24] - Total liabilities amounted to ¥5,751,849,945.24, with current liabilities at ¥1,919,731,227.70 and non-current liabilities at ¥3,832,118,717.54[34] - The company's short-term borrowings increased significantly to CNY 330 million from CNY 100 million at the end of 2020, marking a rise of 230%[22] - Total liabilities included short-term borrowings of ¥100,030,833.33 and accounts payable of ¥254,271,066.29[33] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 410,057,755.28, down 33.56% compared to the previous year[7] - The net cash flow from operating activities for Q3 2021 was ¥410,057,755.28, a decrease of 33.5% compared to ¥617,220,168.97 in Q3 2020[29] - Total cash inflow from operating activities amounted to ¥4,654,613,419.50, up 18.9% from ¥3,914,443,758.81 in the previous year[29] - Cash outflow from operating activities was ¥4,244,555,664.22, an increase of 28.7% compared to ¥3,297,223,589.84 in Q3 2020[29] - The net cash flow from investing activities was -¥287,046,313.08, worsening from -¥215,651,335.56 in the same quarter last year[29] - Cash inflow from financing activities totaled ¥467,000,000.00, down 58.8% from ¥1,133,000,000.00 in Q3 2020[30] Operational Costs - The company reported a 36.88% increase in operating costs, attributed to growth in logistics and handling services[11] - Total operating costs for the first three quarters of 2021 were ¥4,655,167,656.39, up 36.0% from ¥3,425,387,177.16 in the previous year[25] Government Support and Investments - The company received government subsidies totaling CNY 10,734,645.00 during the reporting period, which is closely related to its normal business operations[10] - The investment in the second phase of the chemical terminal project at Chongqing Port is estimated at CNY 140.36 million, with a designed throughput capacity of 3.16 million tons per year[15] Management and Structural Changes - The company has appointed a new general manager, Zhang Qiang, effective from August 20, 2021, following the retirement of the previous general manager[16] - The company has proposed to change its name from "Chongqing Gangjiu Co., Ltd." to "Chongqing Port Co., Ltd." and the stock abbreviation to "Chongqing Port" while retaining the stock code[17] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥93,935,838.54, compared to ¥64,083,163.02 in the same period of 2020, indicating a focus on innovation[25]