Pengxin Mining(SH:600490)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥2,642,303,022.66, a decrease of 10.33% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥28,066,467.65, down 71.67% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,111,465.43, a decline of 85.34% compared to the previous year[5]. - The basic earnings per share for Q3 2021 was ¥0.0127, a decrease of 71.59% year-on-year[7]. - Total operating revenue for the first three quarters of 2021 reached ¥7,519,199,255.10, an increase of 17.0% compared to ¥6,425,959,181.30 in the same period of 2020[35]. - Net profit for the third quarter of 2021 was ¥101,167,813.85, significantly higher than ¥5,986,879.64 in the same quarter of 2020, marking an increase of 1,588.5%[39]. - The profit attributable to shareholders of the parent company for the third quarter of 2021 was ¥89,566,642.47, compared to ¥66,728,301.52 in the same period of 2020, reflecting a growth of 34.2%[39]. - The company reported a decrease in other comprehensive income after tax of ¥80,791,714.08 for the third quarter of 2021, compared to a loss of ¥141,817,081.17 in the same quarter of 2020[39]. - The investment income for the third quarter of 2021 was ¥30,123,568.32, a decrease from ¥65,970,423.95 in the same quarter of 2020[35]. - The total comprehensive income attributable to the parent company was CNY 7,844,023.21, compared to a loss of CNY 103,368,981.52 in the previous year[41]. - The company reported a total comprehensive income of CNY 20,376,099.77, compared to a loss of CNY 135,830,201.53 in the previous year[41]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,925,437,758.83, an increase of 6.27% from the end of the previous year[7]. - As of September 30, 2021, the company's total assets reached RMB 8,925,437,758.83, an increase from RMB 8,398,861,936.26 at the end of 2020[28]. - The total current liabilities increased to RMB 2,488,995,897.07 from RMB 1,800,698,238.13 in the previous year[30]. - The total liabilities as of the reporting date were ¥2,543,336,124.64, an increase from ¥1,894,374,245.69 in the previous year[32]. - The total equity attributable to shareholders of the parent company was ¥6,402,769,263.98, down from ¥6,537,687,396.93 year-over-year[32]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥457,238,781.75, an increase of 82.05% year-on-year[5]. - The net cash flow from operating activities was CNY 457,238,781.75, an increase from CNY 251,161,431.20 in the same period last year[45]. - The total cash inflow from operating activities reached CNY 9,976,120,995.10, up from CNY 8,939,862,405.71 year-over-year[41]. - The total cash outflow from operating activities was CNY 9,518,882,213.35, compared to CNY 8,688,700,974.51 in the previous year[45]. - The net cash flow from investing activities was negative CNY 69,148,931.24, a decrease from a positive CNY 516,116,086.17 in the previous year[45]. - The net cash flow from financing activities was negative CNY 478,905,720.70, improving from a loss of CNY 1,040,511,304.25 year-over-year[45]. - The total cash and cash equivalents at the end of the period were CNY 653,233,261.48, down from CNY 948,369,849.41 at the end of the previous year[47]. - The company received CNY 9,369,641,936.83 in cash from sales of goods and services, an increase from CNY 8,440,371,943.97 in the same period last year[41]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 99,926[14]. - The largest shareholder, Shanghai Pengxin (Group) Co., Ltd., held 415,858,727 shares, accounting for 18.79% of the total shares[15]. Investments and Guarantees - The company plans to provide guarantees for its wholly-owned subsidiaries and holding subsidiaries, with a total guarantee amount not exceeding RMB 6.9 billion[19]. - The company has approved a guarantee amount of up to RMB 5.6 billion for its wholly-owned subsidiaries and holding subsidiaries related to Pengxin Global Resources Co., Ltd.[19]. - The company has allocated RMB 750 million for capital increase in Jiangsu Litai Lithium Energy Technology Co., Ltd., acquiring a 23% stake to enhance its presence in the new energy sector[22]. - The company has engaged in a joint investment with a related party, contributing RMB 35 million to establish a joint venture for manganese ore exploration and development[22]. - The company has provided a guarantee of RMB 100 million for its wholly-owned subsidiary Shanghai Penghe International Trade Co., Ltd. for trade financing[19]. - The company has approved a guarantee of USD 5 million for its holding subsidiary Xitulu Mining Co., Ltd. for a loan application[22]. - The company has a total guarantee amount for inter-subsidiary transactions not exceeding RMB 1.6 billion[19]. - The company has disclosed plans for a total of RMB 20 billion in entrusted wealth management investments for 2021[22]. - The company is in the process of registering a new joint venture with a related party, focusing on manganese mining operations[22]. Legal and Regulatory Matters - The company is involved in an arbitration case with Gecamines regarding financial disputes, with claims exceeding USD 40 million[26]. - The company won an arbitration case against Metals Trading Corp, which requires the losing party to bear 100% of the arbitration costs[26]. - The company has been under investigation by the Shanghai Securities Regulatory Bureau for suspected information disclosure violations[27]. Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose to RMB 47,437,609.83 from RMB 12,027,881.80 year-over-year[28]. - The company's inventory increased to RMB 1,361,475,075.02 from RMB 1,188,318,348.24 year-over-year[30].