ANTAI GROUP(SH:600408)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,750,609,715.49, an increase of 55.24% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2021 was CNY 10,114,618.81, a decrease of 81.96% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 9,554,703.93, down 91.49% compared to the previous year[2]. - The total revenue for the first three quarters of 2021 reached CNY 9,437,408,328.74, representing a significant increase of 52.5% compared to CNY 6,201,121,262.89 in the same period of 2020[13]. - The operating profit for the first three quarters of 2021 was CNY 559,571,989.48, up from CNY 177,478,460.73 in the previous year, indicating a growth of 215.5%[13]. - The company reported a net profit of CNY 557,723,802.06 for the first three quarters of 2021, compared to CNY 77,779,098.24 in the same period of 2020, marking a growth of 615.5%[13]. - The net profit for Q3 2021 was CNY 453,012,150.90, a significant increase from CNY 63,365,832.06 in Q3 2020, representing a growth of approximately 613.5%[14]. - The basic and diluted earnings per share for Q3 2021 were both CNY 0.45, compared to CNY 0.06 in Q3 2020, indicating a substantial increase of 650%[14]. - The company reported a total comprehensive income of CNY 453,012,150.90 for Q3 2021, compared to CNY 63,365,832.06 in Q3 2020, marking an increase of approximately 613.5%[14]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date was CNY 302,762,142.07, a decrease of 44.07% compared to the same period last year[3]. - Cash inflow from operating activities for the first three quarters of 2021 was CNY 10,308,067,985.01, up from CNY 6,363,714,258.20 in the same period of 2020, reflecting a growth of about 62.5%[16]. - The net cash flow from operating activities for the first three quarters of 2021 was CNY 302,762,142.07, down from CNY 541,321,370.96 in 2020, showing a decline of approximately 44%[16]. - The total cash and cash equivalents at the end of Q3 2021 were CNY 272,024,823.25, a decrease from CNY 674,143,853.99 at the end of Q3 2020, representing a decline of about 59.7%[18]. - The cash inflow from sales of goods and services for the first three quarters of 2021 was CNY 10,303,293,053.05, a rise from CNY 6,351,237,278.60 in the same period of 2020, representing a growth of about 62.5%[16]. - The cash outflow from investing activities for the first three quarters of 2021 was CNY 156,114,884.13, compared to CNY 19,845,071.18 in the same period of 2020, reflecting a significant increase in investment expenditures[16]. - The total assets at the end of the reporting period were CNY 5,566,566,197.80, a slight decrease of 0.03% from the end of the previous year[2]. - As of September 30, 2021, the total assets amounted to CNY 5,566,566,197.80, slightly down from CNY 5,568,171,294.71 at the end of 2020[10]. - The company's total liabilities decreased to CNY 2,569,141,266.75 from CNY 3,021,665,633.85 year-over-year[11]. - The total current liabilities included accounts payable of approximately $384.78 million and short-term borrowings of $47.5 million[21]. - The total liabilities reached approximately $3.02 billion, with current liabilities at $1.98 billion and non-current liabilities at $1.04 billion[22]. - The company's equity attributable to shareholders at the end of the reporting period was CNY 2,994,380,058.23, an increase of 17.72% compared to the end of the previous year[2]. - The company's equity attributable to shareholders totaled approximately $2.54 billion, with retained earnings showing a deficit of approximately $310.1 million[22]. - The total equity, including minority interests, was approximately $2.55 billion[22]. Strategic Initiatives - The company plans to undertake a major asset restructuring to address issues related to related party transactions and receivables[5]. - The company aims to acquire equity, assets, and liabilities of Xintai Steel and its subsidiaries from its controlling shareholder[5]. - The company has initiated measures to resolve the non-standard audit opinions related to its financial reports[5]. - The company plans to actively negotiate with major shareholders and related parties to resolve existing related transactions and guarantees[6]. - The company has decided to terminate the major asset restructuring plan due to uncertainties related to current industry policies[6]. Financing Activities - The company raised CNY 280,000,000.00 in borrowings during Q3 2021, compared to CNY 180,000,000.00 in Q3 2020, indicating a 55.6% increase in financing activities[18]. - The net cash flow from financing activities for Q3 2021 was -CNY 164,332,471.87, worsening from -CNY 94,276,683.81 in Q3 2020, indicating increased cash outflows related to financing[18]. Inventory and Fixed Assets - The inventory increased to CNY 463,101,885.55 from CNY 298,270,576.35 year-over-year, reflecting a growth of 55.3%[10]. - The company reported a decrease in fixed assets by approximately $269.91 million compared to the previous period[21].