ANGEL YEAST(SH:600298)2021-10-22 16:00Financial Performance - The company's revenue for Q3 2021 was ¥2,360,201,794.88, representing a year-over-year increase of 13.22%[4] - The net profit attributable to shareholders for Q3 2021 was ¥190,127,363.79, a decrease of 35.23% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥172,837,119.21, down 37.77% year-over-year[4] - The basic earnings per share for Q3 2021 was ¥0.2307, reflecting a decline of 35.23% from the previous year[5] - The diluted earnings per share for Q3 2021 was also ¥0.2307, showing a decrease of 35.23% year-over-year[5] - Operating profit for Q3 2021 was ¥1,163,857,052.66, a decrease of 6.5% from ¥1,244,405,604.79 in Q3 2020[19] - Net profit attributable to shareholders of the parent company for Q3 2021 was ¥1,017,947,987.42, slightly up from ¥1,012,489,565.62 in Q3 2020[19] - The total comprehensive income attributable to the parent company for Q3 2021 was ¥1,017,947,987.42, compared to ¥828,762,695.80 in Q3 2020, reflecting an increase of approximately 23%[20] - The company reported a total comprehensive income of ¥1,032,965,610.07 for Q3 2021, compared to ¥872,920,382.87 in Q3 2020, marking an increase of approximately 18%[20] Cash Flow and Assets - The net cash flow from operating activities for the first nine months of 2021 was ¥419,583,202.68, down 72.49% compared to the same period last year[5] - Total cash and cash equivalents were RMB 743,020,121.09, down from RMB 1,107,102,339.28, indicating a decrease of approximately 33%[14] - Net cash flow from operating activities for the first three quarters of 2021 was ¥419,583,202.68, a significant decrease from ¥1,525,180,817.79 in the previous year[21] - The company reported a net increase in cash and cash equivalents of ¥-364,082,218.19 for the first three quarters of 2021, compared to an increase of ¥174,369,857.57 in the same period of 2020[22] - Cash inflow from operating activities totaled ¥8,363,538,009.13 for the first three quarters of 2021, up from ¥7,260,252,637.79 in the same period of 2020[21] - Cash outflow from operating activities was ¥7,943,954,806.45 for the first three quarters of 2021, compared to ¥5,735,071,820.00 in the previous year, indicating an increase of approximately 39%[21] - Investment activities resulted in a net cash outflow of ¥1,119,285,846.35 for the first three quarters of 2021, compared to a net outflow of ¥533,187,526.27 in the same period of 2020[22] - Financing activities generated a net cash inflow of ¥339,192,294.72 in the first three quarters of 2021, a recovery from a net outflow of ¥806,957,810.95 in the previous year[22] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥12,387,772,792.85, an increase of 14.63% from the end of the previous year[5] - Total assets as of Q3 2021 amounted to ¥12,387,772,792.85, compared to ¥10,807,179,510.18 in Q3 2020, reflecting a growth of 14.6%[17] - Total liabilities increased to ¥5,303,364,974.17 in Q3 2021, up from ¥4,619,277,732.74 in Q3 2020, marking a rise of 14.8%[17] - The equity attributable to shareholders at the end of Q3 2021 was ¥6,746,771,770.57, up 14.55% year-over-year[5] - The total equity attributable to shareholders of the parent company reached ¥6,746,771,770.57 in Q3 2021, up from ¥5,889,923,351.98 in Q3 2020, an increase of 14.6%[17] Expenses - Research and development expenses for Q3 2021 were ¥337,538,995.24, an increase of 21.3% from ¥278,086,454.10 in Q3 2020[19] - Sales expenses decreased to ¥471,438,475.23 in Q3 2021, down from ¥729,749,506.53 in Q3 2020, a reduction of 35.3%[18] - The company reported a decrease in financial expenses to ¥42,016,101.80 in Q3 2021, down from ¥89,749,959.99 in Q3 2020, a decline of 53.2%[19] Company Strategy and Outlook - The company attributed the decline in net profit to rising costs of raw materials such as molasses and chemicals, as well as the accrual of equity incentive expenses[9] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[13] - The company has not provided any specific future guidance or performance outlook in this report[13] - The company has no significant changes in shareholder structure, with Hubei Angel Yeast Group Co., Ltd. holding 39.56% of shares[12] - There are no significant related party transactions reported among the top shareholders[12]