CMC(SH:600327)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,821,163,254.38, a decrease of 16.71% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2021 reached ¥250,082,634.34, an increase of 815.58% year-on-year[2]. - The net profit excluding non-recurring gains and losses was ¥5,754,390.49, down 61.28% compared to the previous year[2]. - Total operating revenue for the first three quarters of 2021 reached ¥6,069,759,294.71, an increase of 10.1% compared to ¥5,510,049,674.11 in the same period of 2020[13]. - Operating profit for the first three quarters of 2021 was ¥648,793,858.13, significantly up from ¥195,733,762.45 in the previous year, marking a growth of 231.5%[13]. - Net profit for the first three quarters of 2021 was ¥422,692,825.42, compared to ¥155,335,330.22 in the same period of 2020, representing a year-over-year increase of 172.5%[14]. - The company reported a total comprehensive income of ¥371,149,436.75 for the first three quarters of 2021, compared to ¥201,958,667.44 in the same period of 2020, indicating a growth of 83.8%[14]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,935,577,379.19, an increase of 11.79% from the end of the previous year[2]. - The company's total assets amounted to RMB 7,935,577,379.19, an increase from RMB 7,098,957,774.99 at the end of 2020, representing a growth of approximately 11.7%[9]. - The total non-current assets reached RMB 3,785,698,667.92, up from RMB 3,387,699,360.37, indicating an increase of approximately 11.7%[10]. - Total liabilities increased to ¥4,270,731,430.53 in Q3 2021 from ¥3,495,876,135.98 in Q3 2020, an increase of 22.2%[11]. - The company’s total liabilities increased to RMB 3,080,589,799.61, reflecting a rise of approximately 5.7% compared to the previous year[10]. - Total liabilities reached approximately $3.5 billion, reflecting an increase of $152 million from the last reporting period[22]. - Current liabilities totaled approximately $2.9 billion, unchanged from the previous period[21]. - Non-current liabilities were approximately $580 million, showing an increase of $152 million compared to the previous period[22]. Equity and Investments - The weighted average return on equity increased by 6.58 percentage points to 7.32%[2]. - Long-term equity investments increased by 196.91% primarily due to the disposal of the automotive business[3]. - Long-term equity investments increased significantly to RMB 1,439,905,705.29 from RMB 484,961,617.90, marking a growth of approximately 196.5%[10]. - Shareholders' equity stood at approximately $3.6 billion, with no change from the previous reporting period[22]. - The company reported goodwill of approximately $23.17 million[21]. - Deferred income tax assets were approximately $18.67 million[21]. - The capital reserve was approximately $137 million[22]. - Undistributed profits amounted to approximately $1.37 billion[22]. Cash Flow and Operating Activities - Operating cash inflow for the first three quarters of 2021 reached ¥8,661,705,030.04, an increase of 20.7% compared to ¥7,171,135,205.52 in the same period of 2020[16]. - Net cash flow from operating activities was ¥432,118,207.48, a significant recovery from a negative cash flow of -¥70,173,843.21 in the first three quarters of 2020[16]. - Total cash inflow from investment activities was ¥337,455,749.67, down from ¥800,762,013.24 in the previous year, indicating a decrease of 57.9%[17]. - Cash outflow for investment activities totaled ¥215,754,971.84, compared to ¥428,958,778.88 in the same period last year, reflecting a reduction of 49.7%[17]. - Cash inflow from financing activities amounted to ¥2,373,893,328.32, an increase of 46% from ¥1,627,738,273.32 in the previous year[17]. - Net cash flow from financing activities was -¥149,444,955.73, slightly worse than -¥134,289,881.56 in the same period of 2020[17]. - The ending balance of cash and cash equivalents was ¥1,286,854,092.32, up from ¥601,368,497.25 at the end of the third quarter of 2020, representing a growth of 113.5%[17]. - Total cash paid for operating activities was ¥8,229,586,822.56, an increase of 13.6% compared to ¥7,241,309,048.73 in the previous year[16]. - Cash paid to employees increased to ¥379,432,700.40 from ¥310,065,438.57, marking a rise of 22.3% year-over-year[16]. Business Operations and Strategic Initiatives - The company reported a significant decrease in accounts receivable by 53.82% due to the disposal of its automotive business[3]. - The company plans to expand its market presence through new projects, including renovations of shopping malls and food factories[3]. - The company sold 51% equity stakes in Wuxi Commercial Building Group Dongfang Automobile Co., Ltd. and Wuxi New Era Automobile Trading Group Co., Ltd., resulting in the automotive business no longer being included in the consolidated scope from September[8]. - The company’s subsidiary, Shanghai Junyao Medical Health Technology Co., Ltd., acquired a 40.6667% stake in Jiankang Medical Technology (Shanghai) Co., Ltd. and a 51% stake in Shuyang County Central Hospital Co., Ltd., which were included in the consolidated scope from July[8]. - The company's inventory as of September 30, 2021, was RMB 1,986,039,419.02, slightly up from RMB 1,968,084,661.75 at the end of 2020, showing a marginal increase of about 0.9%[10]. - The company experienced a 100% increase in right-of-use assets due to the impact of new leasing standards[4].