TCICL(SH:600281)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 77,589,988.44, representing a year-on-year increase of 31.94% compared to CNY 58,806,008.4 in the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was CNY 6,140,961.49, a significant increase of 559.33% from CNY 931,394 in the previous year[6]. - The basic earnings per share for Q3 2021 was CNY 0.0119, reflecting a 561.11% increase compared to CNY 0.0018 in the same period last year[6]. - The net profit for the third quarter of 2021 was a loss of CNY 11,480,092.00, compared to a profit of CNY 3,339,700.45 in the same quarter of 2020[21]. - The net profit attributable to shareholders of the parent company for the third quarter of 2021 was a loss of CNY 11,177,125.20, compared to a profit of CNY 3,338,938.10 in the same quarter of 2020[22]. - Basic and diluted earnings per share for the third quarter of 2021 were both CNY -0.0217, compared to CNY 0.0065 in the same quarter of 2020[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 728,928,275.39, a decrease of 14.75% from CNY 853,970,368.50 at the end of the previous year[6]. - Total liabilities amounted to CNY 213,473,984.84, while total equity was CNY 515,454,290.55 as of the end of the third quarter of 2021[21]. - The company's total equity attributable to shareholders decreased by 2.12% to CNY 515,454,290.55 from CNY 526,632,937.87 at the end of the previous year[6]. - Total operating revenue for the first three quarters of 2021 was CNY 244,288,665.80, a decrease of 26.4% compared to CNY 331,802,279.02 in the same period of 2020[20]. - Total operating costs for the first three quarters of 2021 were CNY 225,355,551.39, down 30.9% from CNY 326,449,897.03 in 2020[20]. Cash Flow - The net cash flow from operating activities showed a significant decline, with a net outflow of CNY 62,806,000, compared to a net inflow of CNY 16,637,385.91 in the previous year, indicating a decrease of 477.57%[6]. - Cash flow from operating activities for the first three quarters of 2021 was a net outflow of CNY -62,806,015.91, compared to a net inflow of CNY 16,634,310.46 in the same period of 2020[23]. - The net cash flow from investment activities was $51,057,100.24, a decrease of 5,314,251.49 compared to the previous period[24]. - Cash inflow from financing activities totaled $148,000,000.00, while cash outflow was $279,420,248.37, resulting in a net cash flow of -$131,420,248.37[24]. - The ending balance of cash and cash equivalents was $51,962,061.09, down from $195,131,225.13 at the beginning of the period[24]. Operational Changes - The company completed the acquisition of 100% equity in Shanxi Huayang Biodegradable New Materials Co., Ltd. from Taiyuan Chemical Industry Group, which is expected to enhance its market position[7]. - The company has adjusted its financial statements for the first quarter of 2021 and the first nine months of 2020 due to the acquisition, reflecting the impact of the consolidation[8]. - The company reported a significant increase in management expenses, which rose to CNY 26,751,779.46 in the third quarter of 2021, compared to CNY 18,630,615.31 in the same quarter of 2020[21]. - The company experienced a decrease in tax expenses, which were CNY 508,795.20 in the third quarter of 2021, down from CNY 881,051.92 in the same quarter of 2020[21]. Investment and Other Income - Investment income rose by 776.64% as a result of increased recognition of investment gains[11]. - Investment income for the third quarter of 2021 was CNY 6,867,228.47, a significant increase from CNY 783,354.80 in the same quarter of 2020[21]. - Non-recurring gains and losses for the reporting period amounted to a loss of CNY 267,720.91, contributing to the overall financial performance[10]. Changes in Assets - Cash and cash equivalents decreased by 73.37% due to repayment of bank loans[11]. - Accounts receivable increased by 184.39% primarily due to an increase in receivables from sales[11]. - Prepayments surged by 128,802.79% mainly due to increased advance payments for raw materials and project costs[11]. - Short-term borrowings decreased by 65.31% due to repayment of due bank loans[11]. - Inventory decreased by 40.17% mainly due to a reduction in platinum mesh products[11]. - The company received government subsidies, resulting in a 100% increase in deferred income[11].