Nisco(SH:600282)2021-10-29 16:00Revenue and Profit Performance - Revenue for the third quarter reached RMB 20.57 billion, a year-on-year increase of 43.82%[4] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 1.21 billion, up 35.57% year-on-year[4] - Total revenue for the first three quarters of 2021 reached 59.16 billion RMB, a significant increase from 38.66 billion RMB in the same period of 2020[18] - Net profit attributable to the parent company reached 12.66 billion RMB in Q3 2021, up from 10.72 billion RMB at the end of 2020[17] - Total profit for the third quarter of 2021 was RMB 4.28 billion, an increase from RMB 2.86 billion in the same period last year[20] - Net profit attributable to the parent company's shareholders was RMB 3.47 billion, up from RMB 2.01 billion year-over-year[20] - Basic earnings per share (EPS) for the quarter were RMB 0.5654, compared to RMB 0.4026 in the previous year[21] Asset and Liability Changes - Total assets as of September 30, 2021, amounted to RMB 55.82 billion, an increase of 16.52% compared to the end of the previous year[5] - Equity attributable to shareholders of the listed company increased by 8.05% to RMB 25.64 billion compared to the end of the previous year[5] - Total assets increased to 55.82 billion RMB as of Q3 2021, up from 47.91 billion RMB at the end of 2020[16] - Total liabilities rose to 29.42 billion RMB in Q3 2021, compared to 23.76 billion RMB at the end of 2020[17] - Fixed assets remained stable at 19.15 billion RMB in Q3 2021, compared to 19.14 billion RMB at the end of 2020[16] - Short-term borrowings increased to 6.47 billion RMB in Q3 2021, up from 4.50 billion RMB at the end of 2020[16] - Contract liabilities grew to 4.77 billion RMB in Q3 2021, compared to 4.00 billion RMB at the end of 2020[16] - Total equity attributable to the parent company rose to 25.64 billion RMB in Q3 2021, up from 23.73 billion RMB at the end of 2020[17] - Total assets increased by 117.67 million due to the implementation of the new leasing standard, reaching 48.02 billion[25] - Non-current assets increased by 117.67 million, totaling 26.08 billion[25] - Current liabilities increased by 17.41 million, reaching 20.35 billion[25] - Non-current liabilities increased by 100.26 million, totaling 3.52 billion[25] - Total liabilities increased by 117.67 million, reaching 23.88 billion[25] - Shareholders' equity remained unchanged at 24.15 billion[26] - Cash and cash equivalents remained stable at 5.69 billion[24] - Trade receivables remained stable at 828.59 million[24] - Inventory remained stable at 6.89 billion[24] - Fixed assets remained stable at 19.14 billion[24] Cash Flow and Financial Ratios - Operating cash flow for the third quarter surged by 845.19% year-on-year to RMB 1.11 billion[4] - The company's debt-to-asset ratio stood at 52.70% as of September 30, 2021[7] - Weighted average return on equity (ROE) for the first nine months of 2021 was 14.10%, up 3.44 percentage points year-on-year[5] - Operating cash flow for the first nine months of 2021 was RMB 3.62 billion, a significant increase from RMB 1.78 billion in the same period last year[22] - Cash received from sales of goods and services reached RMB 43.97 billion, up from RMB 28.35 billion year-over-year[22] - Investment activities resulted in a net cash outflow of RMB 3.94 billion, compared to RMB 1.34 billion in the previous year[23] - Financing activities generated a net cash inflow of RMB 761.81 million, up from RMB 575.63 million in the same period last year[23] - The company's cash and cash equivalents at the end of the period stood at RMB 3.95 billion, compared to RMB 3.21 billion at the end of the previous year[23] Steel Sales and Pricing - Steel sales volume for the third quarter was 2.63 million tons, with an average selling price of RMB 5,437.03 per ton (excluding tax)[7] - Total steel sales for the first nine months of 2021 reached 7.91 million tons, with an average selling price of RMB 4,974.56 per ton (excluding tax)[7] Operating Costs and R&D Expenses - Operating costs for the first three quarters of 2021 were 55.29 billion RMB, compared to 36.12 billion RMB in the same period of 2020[19] - R&D expenses surged to 1.51 billion RMB in the first three quarters of 2021, up from 495 million RMB in the same period of 2020[19] Non-Recurring Gains and Losses - Non-recurring gains and losses for the third quarter amounted to RMB 79.22 million, primarily driven by government subsidies and investment gains[6]