FSSS(SH:600399)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,799,993,148.11, representing an increase of 11.97% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2021 was ¥253,936,288.23, up 14.82% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥222,409,942.32, reflecting a 6.48% increase compared to the previous year[6]. - Basic earnings per share for Q3 2021 were ¥0.1288, an increase of 14.90% year-on-year[9]. - Net profit for the first three quarters of 2021 was ¥685,135,278.18, compared to ¥404,483,228.62 in 2020, representing a growth of 69.5%[31]. - Earnings per share (EPS) for the first three quarters of 2021 was ¥0.3474, an increase from ¥0.2051 in the same period of 2020[31]. - The company reported a significant increase in other income, which rose to ¥42,720,797.54 from ¥7,066,670.89 in the previous year[29]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date period reached ¥36,614,896.87, showing a significant increase of 240.57%[6]. - Cash inflow from operating activities totaled ¥4,426,373,615.22, compared to ¥3,433,221,518.58 in the previous year, indicating a growth of 29.0%[31]. - The net cash flow from operating activities was 36,614,896.87, an increase from 10,751,007.00 in the previous period, indicating a significant improvement in operational efficiency[34]. - The total cash outflow from operating activities amounted to 4,389,758,718.35, compared to 3,422,470,511.58 previously, reflecting a 28.2% increase[34]. - The net cash flow from investing activities was -337,095,028.26, a decline from a positive 306,052,134.81 in the prior period, suggesting increased investment expenditures[34]. - Cash inflow from investment activities totaled 2,523,484,256.76, up from 2,119,494,646.53, marking a 19.1% increase[34]. - The cash outflow for capital expenditures was 2,699,664,759.00, significantly higher than 1,760,120,000.00, indicating a 53.3% increase in investment in fixed assets[34]. - The total cash outflow from investing activities was 2,860,579,285.02, compared to 1,813,442,511.72, representing a 57.7% increase[34]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,107,673,278.91, an increase of 9.59% from the end of the previous year[9]. - As of September 30, 2021, the company's total assets amounted to RMB 10,107,673,278.91, an increase from RMB 9,223,534,377.43 at the end of 2020[22]. - The company's non-current assets totaled RMB 4,482,941,783.36, an increase from RMB 4,230,183,782.19 year-over-year[22]. - The total liabilities as of the reporting date were ¥4,392,192,744.24, compared to ¥4,193,189,120.94 in the previous year, showing an increase of 4.7%[29]. - Total equity attributable to shareholders reached ¥5,715,480,534.67, up from ¥5,030,345,256.49, reflecting a growth of 13.6%[29]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 55,461[12]. - The largest shareholder, Northeast Special Steel Group Co., Ltd., held 29.25% of the shares, amounting to 576,876,444 shares[12]. Future Outlook and Challenges - The company predicts a potential decrease in net profit for Q4 2021 compared to the same period last year, primarily due to national policies limiting steel production capacity, which may lead to lower production and sales volumes[15]. - The company is facing rising energy costs due to international natural gas price increases, which are expected to impact production costs in Q4 2021[15]. - The company has been actively cooperating with authorities on power limitation measures, which may further affect production and sales volumes[15]. - The company anticipates that ongoing national power and production restrictions will create additional uncertainties in raw material procurement, potentially increasing costs[15]. Employee Compensation and Expenses - The company paid 673,215,558.16 in employee compensation, up from 601,954,476.53, indicating a 11.8% increase in payroll expenses[34]. Foreign Exchange and Other Financial Metrics - The company experienced a foreign exchange loss of -4,733,346.54, compared to -430,550.97 in the previous period, highlighting increased volatility in currency exchange rates[34].