精工钢构(600496) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 reached RMB 3,959.12 million, representing a 29.93% increase compared to the same period last year[6] - Net profit attributable to shareholders was RMB 229.70 million, a 5.37% increase year-over-year[8] - The net profit after deducting non-recurring gains and losses was RMB 213.83 million, reflecting a 0.47% increase from the previous year[8] - Total operating revenue for the first three quarters of 2021 reached RMB 10,394,955,067.50, a significant increase from RMB 7,760,264,965.19 in the same period of 2020, representing a growth of approximately 33.3%[30] - Total operating revenue increased to ¥9,831,175,876.38 from ¥7,224,312,494.25, representing a growth of approximately 36.4% year-over-year[33] - Net profit rose to ¥557,798,634.41 compared to ¥485,083,736.99 in the previous year, marking an increase of about 14.9%[37] - The company reported a total comprehensive income of ¥659,894,803.96, up from ¥484,005,083.54, indicating a growth of around 36.4%[39] - The total profit amounted to ¥597,994,043.37, up from ¥528,572,204.81, reflecting an increase of about 13.1%[37] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 17,351.31 million, showing a 9% increase compared to the end of the previous year[8] - As of September 30, 2021, total assets amounted to RMB 17,351,308,852.52, compared to RMB 15,843,935,032.64 at the end of 2020, indicating an increase of about 9.5%[30] - Current assets totaled RMB 13,196,090,025.28 as of September 30, 2021, up from RMB 12,407,014,582.89 at the end of 2020, reflecting a growth of approximately 6.4%[25] - Total liabilities reached RMB 9,981,093,336.47, compared to RMB 8,966,793,578.20 at the end of 2020, indicating an increase of approximately 11.3%[30] - The company's equity attributable to shareholders rose to RMB 7,356,517,051.43 from RMB 6,861,093,009.28, reflecting an increase of about 7.2%[30] Cash Flow - The net cash flow from operating activities was negative at RMB -594.86 million, a significant decrease of 424.57% compared to the same period last year[8] - Cash inflow from operating activities reached ¥10,769,627,559.54, compared to ¥7,961,387,576.12, showing a growth of approximately 35.5%[39] - The net cash flow from investing activities was -$266.07 million, worsening from -$74.42 million year-over-year[43] - Cash inflow from financing activities was $1.49 billion, down from $2.55 billion in the previous period[43] - The total cash and cash equivalents at the end of the period were $401.60 million, a decrease from $1.46 billion at the end of the previous period[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 127,745[17] - The largest shareholder, Jinggong Holdings Group (Zhejiang) Investment Co., held 300 million shares, accounting for 14.90% of the total shares[17] Mergers and Investments - The company completed a merger with Zhejiang Jinggong International Steel Structure Engineering Co., which required retrospective adjustments to financial statements[11] - The company is in the process of issuing convertible bonds, with the China Securities Regulatory Commission having accepted the application on September 1, 2021[21] - Long-term investments in equity amounted to RMB 884,499,500.84, up from RMB 857,263,216.43, representing a growth of approximately 3.2%[25] Expenses - Research and development expenses increased significantly to ¥376,684,921.93 from ¥283,988,683.04, reflecting a growth of approximately 32.6%[33] - The company’s management expenses rose to ¥310,835,820.78 from ¥262,907,438.54, indicating an increase of about 18.2%[33] - The tax expenses decreased slightly to ¥40,195,408.96 from ¥43,488,467.82, a reduction of approximately 7.4%[37] Other Financial Metrics - The weighted average return on net assets decreased by 0.5 percentage points to 3.11%[8] - The company reported a basic earnings per share of RMB 0.1141, up 3.07% from the previous year[8] - Basic earnings per share improved to ¥0.2782 from ¥0.2596, an increase of about 7.0%[39] - The company's cash and cash equivalents decreased to RMB 2,074,053,827.41 from RMB 3,135,514,679.82, a decline of about 33.8%[25] - Accounts receivable stood at RMB 2,055,999,236.04, slightly down from RMB 2,057,454,427.39 in 2020, showing a decrease of approximately 0.1%[25] - Inventory increased to RMB 1,490,501,956.10 from RMB 1,087,858,199.86, marking a rise of about 37.0%[25] - The company paid $1.62 billion in debt repayments, slightly increasing from $1.58 billion last year[43] - The company reported a total of $227.59 million in taxes paid, up from $177.59 million in the previous period[43] - Cash inflow from investment activities was $489.27 million, a significant increase from $28.77 million last year[43] - The company experienced a negative impact of -$2.58 million from foreign exchange fluctuations on cash and cash equivalents[43]