Shanghai Huayi (SH:600623)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥11,830,397,432.14, representing a year-on-year increase of 63.37%[7] - Net profit attributable to shareholders was ¥954,449,627.56, a significant increase of 587.04% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥896,260,876.42, up 601.72% year-on-year[7] - Basic earnings per share for the quarter were ¥0.45, reflecting an increase of 578.82% compared to the same period last year[9] - Total operating revenue for the first three quarters of 2021 reached ¥32,141,115,439.02, a significant increase from ¥20,313,306,990.91 in the same period of 2020, representing a growth of approximately 58.3%[30] - Net profit attributable to shareholders of the parent company for Q3 2021 was ¥2,501,419,069.94, compared to ¥49,438,605.89 in Q3 2020, indicating a substantial increase[33] - The total comprehensive income for the period attributable to the parent company's owners was CNY 2,475,978,527.75, compared to CNY 21,924,611.55 in the previous year[35] - Basic and diluted earnings per share were both CNY 1.18, a significant increase from CNY 0.02 in the same period last year[35] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥51,094,838,112.53, an increase of 12.07% from the end of the previous year[9] - The equity attributable to shareholders was ¥20,959,464,444.48, up 12.73% from the end of the previous year[9] - Current assets totaled RMB 22,423,415,375.88, compared to RMB 20,621,654,216.91 in the same period last year, reflecting a growth of approximately 8.7%[25] - Total liabilities were reported at RMB 22,423,415,375.88, compared to RMB 20,621,654,216.91 in the previous year, indicating an increase of about 8.7%[25] - The company's total equity reached ¥24,288,297,818.24 in Q3 2021, compared to ¥21,115,179,225.24 in Q3 2020, showing a growth of around 15.5%[30] - Total liabilities increased to ¥26,806,540,294.29 in Q3 2021 from ¥24,477,592,842.73 in Q3 2020, reflecting a growth of about 9.5%[30] - Non-current liabilities rose to ¥6,552,726,716.64 in Q3 2021, up from ¥5,089,414,595.03 in Q3 2020, marking an increase of approximately 29%[30] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥2,864,262,164.92, showing a year-on-year increase of 534.42%[9] - Cash inflow from operating activities totaled CNY 32,940,582,201.48, up from CNY 22,572,672,690.48 year-over-year, representing a growth of approximately 46%[38] - The net cash flow from operating activities was CNY 2,864,262,164.92, compared to CNY 451,476,012.91 in the previous year, indicating a substantial increase[38] - Cash outflow from investing activities was CNY 3,748,325,313.87, compared to CNY 2,365,805,342.54 in the previous year, reflecting an increase in investment expenditures[39] - The net cash flow from financing activities was -CNY 696,613,301.10, an improvement from -CNY 2,186,024,672.86 in the same period last year[39] - The cash and cash equivalents at the end of the period amounted to CNY 7,634,775,681.59, compared to CNY 7,389,473,333.03 at the end of the previous year[40] Shareholder Information - The company had a total of 60,110 common shareholders at the end of the reporting period[15] - Shareholders' equity totaled approximately $21.12 billion, with equity attributable to the parent company at around $18.59 billion[46] Investment and R&D - Research and development expenses for Q3 2021 amounted to ¥364,241,431.30, an increase from ¥310,160,394.15 in Q3 2020, reflecting a growth of approximately 17.4%[33] - The company reported a significant increase in investment income, which reached ¥389,010,626.66 in Q3 2021, compared to ¥305,529,644.40 in Q3 2020, indicating a growth of approximately 27.3%[33] Other Financial Metrics - The company reported a significant increase in non-recurring gains, with government subsidies amounting to ¥41,068,269.72 for the quarter[11] - The increase in operating revenue was primarily driven by rising product prices[14] - The company has not disclosed any significant new strategies or product developments during this reporting period[21]