FANGDA S.Steel(SH:600507)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥6,124,001,823.41, representing a year-on-year increase of 36.12%[2] - The net profit attributable to shareholders for Q3 2021 was ¥664,426,052.70, showing a slight decrease of 1.68% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was ¥2,082,815,245.86, reflecting a significant increase of 45.93%[7] - Total operating revenue for the first three quarters of 2021 reached CNY 15,991,493,950.53, an increase of 35.9% compared to CNY 11,856,207,417.89 in the same period of 2020[15] - Operating profit for the first three quarters of 2021 was CNY 2,893,171,872.71, up from CNY 2,195,304,623.37 in the previous year, reflecting a growth of 31.7%[17] - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was CNY 2,141,472,322.48, compared to CNY 1,497,077,206.28 in 2020, marking an increase of 43.2%[19] - Total comprehensive income for the first three quarters of 2021 was CNY 2,175,072,429.58, compared to CNY 1,519,529,605.30 in the previous year, reflecting a growth of 43.2%[19] Assets and Liabilities - Total assets at the end of the reporting period reached ¥20,702,885,172.25, marking a year-on-year increase of 50.95%[4] - As of September 30, 2021, the total assets of Fangda Special Steel Technology Co., Ltd. reached RMB 20.70 billion, a significant increase from RMB 13.72 billion as of December 31, 2020, representing a growth of approximately 51.5%[11] - Current liabilities totaled RMB 11.40 billion, up from RMB 4.19 billion, which is an increase of approximately 172%[14] - Total liabilities amounted to CNY 11,493,051,208.81, significantly higher than CNY 4,272,192,968.92 in the same period last year[15] - Total liabilities were CNY 4,187,351,745.13, remaining stable compared to the previous year[26] - Total liabilities amounted to CNY 4,272,192,968.92, a decrease of CNY 12,369,300.12 from the previous period[27] Cash Flow - The company reported a net cash flow from operating activities of ¥3,438,350,017.13 for the year-to-date, which is a decrease of 2.27% compared to the previous year[2] - Cash inflow from operating activities totaled CNY 14,848,378,317.37, an increase from CNY 11,680,568,088.96 in the previous year, representing a growth of 27.5%[19] - The net cash flow from operating activities was CNY 3,438,350,017.13, a decrease of 2.3% compared to CNY 3,518,256,920.18 in the previous year[22] - The company reported a net increase in cash and cash equivalents of CNY 5,017,870,413.25, compared to CNY 2,250,094,676.80 in the same period last year, marking a 122.3% increase[22] - The cash outflow for operating activities totaled CNY 11,410,028,300.24, compared to CNY 8,162,311,168.78 in the previous year, reflecting a 39.5% increase[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 84,491[7] - The top ten shareholders held a combined 70.09% of the company's shares, with the largest shareholder owning 19.16%[7] Research and Development - Research and development expenses for the first three quarters of 2021 were CNY 45,592,502.05, compared to CNY 36,712,873.70 in 2020, indicating an increase of 24.1%[17] Future Outlook - The company is actively engaged in new product development and market expansion strategies, although specific details were not disclosed in the report[12] - The company plans to continue leveraging its strong cash position for future investments and potential acquisitions to enhance market presence[12] - The overall financial health of the company appears robust, with a strong liquidity position and significant asset growth, positioning it well for future opportunities[12]