三友化工(600409) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥6,069,104,277.79, representing a year-on-year increase of 31.98%[7] - The net profit attributable to shareholders for the same period was ¥355,256,211.29, reflecting a 17.77% increase compared to the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥357,662,630.75, with a year-on-year increase of 24.10%[7] - Total operating revenue for the first three quarters of 2021 reached ¥17,264,613,794.43, an increase of 37.5% compared to ¥12,580,312,811.66 in the same period of 2020[32] - Net profit for the third quarter of 2021 was ¥1,636,281,873.48, a significant increase from ¥30,843,280.24 in the previous year[33] - The total comprehensive income for the third quarter was ¥1,635,737,946.88, compared to ¥29,926,664.51 in the previous year, showing a substantial increase[33] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥26,920,863,814.39, an increase of 10.82% from the end of the previous year[10] - The company's total assets reached ¥26,920,863,814.39, an increase from ¥24,293,321,060.46, reflecting a growth of approximately 10.8%[31] - The total liabilities of the company were reported at RMB 9,520,398,217.38, reflecting a significant increase from the previous year's liabilities[26] - The total liabilities increased to ¥13,347,003,612.76 from ¥11,847,432,651.91, reflecting a growth of approximately 12.6%[32] - Total liabilities amounted to approximately 11.85 billion, a decrease of 731.62 million compared to the previous period[47] - Non-current liabilities totaled approximately 3.37 billion, reflecting a decrease of 700.06 million[47] Equity - The equity attributable to shareholders reached ¥12,669,877,139.74, which is an 8.83% increase compared to the end of the previous year[10] - The company's total equity rose to ¥13,573,860,201.63, up from ¥12,445,888,408.55, indicating a growth of about 9.1%[31] - The total equity attributable to shareholders was approximately 11.64 billion, remaining unchanged[50] - The total equity of the company was approximately 12.45 billion, consistent with the previous reporting period[50] - The company reported a total of 5.46 billion in undistributed profits, unchanged from the previous period[50] Earnings Per Share - The basic earnings per share for the reporting period was ¥0.1721, up 17.80% year-on-year[9] - The diluted earnings per share also stood at ¥0.1721, reflecting the same year-on-year growth of 17.80%[9] - Earnings per share for the third quarter were ¥0.7374, compared to ¥0.0156 in the same quarter of the previous year[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,022,444,690.76, showing a decrease of 31.31% compared to the previous year[9] - Operating cash inflow for the first three quarters of 2021 was CNY 11,432,968,673.29, an increase of 29.1% compared to CNY 8,880,249,432.37 in the same period of 2020[38] - The company reported a net cash inflow from operating activities of CNY 1,022,444,690.76 for the first three quarters of 2021, down from CNY 1,488,504,070.24 in the same period of 2020[38] - Cash received from sales of goods and services was CNY 11,231,978,484.18 for the first three quarters of 2021, compared to CNY 8,666,880,027.46 in the same period of 2020, reflecting a growth of 29.5%[38] Operational Insights - The main products, including viscose staple fiber, soda ash, PVC, and organic silicon, saw significant price increases, contributing to the revenue growth[14] - The company reported a substantial increase in net profit due to effective management and favorable market conditions, despite rising raw material costs[14] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[21] - There are no known related party transactions among the major shareholders, except for Tangshan Investment Co., Ltd., which is a shareholder of Tangshan Sanyou Group Co., Ltd.[21] Research and Development - Research and development expenses for the first three quarters amounted to ¥158,544,175.25, compared to ¥133,959,149.85 in the same period last year, marking an increase of 18.4%[32] Inventory and Receivables - The company's current assets reached RMB 9,521,398,217.38, up from RMB 7,153,060,024.63 in the previous year, indicating a year-over-year increase of about 33.1%[26] - Accounts receivable increased to RMB 578,197,055.23 from RMB 405,141,174.55, marking a rise of around 42.7%[22] - Inventory levels rose significantly to RMB 2,150,970,636.05, compared to RMB 1,391,693,835.57 in the previous year, which is an increase of approximately 54.6%[26]