TJ(SH:600667)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥5,924,239,969.08, representing a year-on-year increase of 40.38%[7] - The net profit attributable to shareholders for the same period was ¥200,573,804.49, with a slight increase of 0.14% compared to the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥197,660,818.39, showing a decrease of 0.60% year-on-year[7] - The basic earnings per share for Q3 2021 was ¥0.10, compared to ¥0.00 in the same period last year[10] - Net profit for the third quarter of 2021 was ¥668,858,190.72, compared to ¥598,128,157.79 in the same quarter of 2020, reflecting a growth of 11.7%[35] - Earnings per share for the third quarter of 2021 were ¥0.29, an increase from ¥0.25 in the same period last year[37] - The total comprehensive income for the third quarter of 2021 was ¥657,276,341.12, compared to ¥555,894,963.04 in the same quarter of 2020, reflecting an increase of 18.2%[37] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥23,215,559,565.72, an increase of 8.29% from the end of the previous year[10] - The total liabilities as of September 30, 2021, were RMB 13,382,153,819.89, compared to RMB 11,873,633,819.13 at the end of 2020, marking an increase of around 12.7%[25] - The company's total assets reached RMB 23,215,559,565.72, up from RMB 21,439,026,119.05, which is an increase of about 8.3%[25] - The total liabilities increased to ¥14,873,914,239.54 from ¥13,300,998,515.84 year-over-year, indicating a growth of 11.8%[27] - The total equity attributable to shareholders reached ¥7,662,034,218.20, up from ¥7,421,494,170.31, marking a rise of 3.2%[27] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥399,973,615.00, reflecting a decrease of 148.51%[10] - Cash outflow from operating activities totaled CNY 15.94 billion, compared to CNY 11.44 billion in the previous year, resulting in a net cash flow from operating activities of -CNY 399.97 million[42] - Cash inflow from financing activities amounted to CNY 4.32 billion, an increase from CNY 3.85 billion in the previous year, while cash outflow was CNY 4.62 billion, resulting in a net cash flow from financing activities of -CNY 296.08 million[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 135,478[15] - The largest shareholder, Wuxi Industrial Development Group Co., Ltd., holds 30.42% of the shares[15] Operational Insights - The company reported a significant increase in operating revenue due to growth in engineering contracting income during Q3[14] - The company experienced an increase in payments to suppliers and subcontractors due to the commencement of several large-scale projects, impacting cash flow negatively[14] Current Assets and Inventory - As of September 30, 2021, the total current assets amounted to RMB 14,608,310,701.30, an increase from RMB 12,819,007,922.15 as of December 31, 2020, representing a growth of approximately 13.9%[22] - The company's cash and cash equivalents decreased to RMB 4,078,590,390.01 from RMB 4,302,907,073.55, reflecting a decline of about 5.2%[22] - Accounts receivable increased to RMB 4,437,707,456.34 from RMB 4,039,940,812.70, indicating a rise of approximately 9.8%[22] - Inventory levels increased to RMB 798,981,642.65 from RMB 693,997,647.19, reflecting a growth of about 15.1%[22] - The company reported a significant increase in contract assets to RMB 1,919,875,042.49 from RMB 1,541,356,798.49, representing a growth of about 24.6%[22] Research and Development - Research and development expenses for the third quarter of 2021 were ¥426,354,498.88, compared to ¥327,416,322.71 in the previous year, showing a significant increase of 30.2%[31] Tax and Compliance - Tax payments made by the company increased to CNY 246.94 million from CNY 195.88 million year-on-year[42] - The company experienced a decrease in cash received from tax refunds, totaling CNY 33.88 million, down from CNY 42.54 million in the previous year[39] - The company is adjusting to new leasing standards, impacting financial statements starting January 1, 2021, with specific adjustments noted in the report[45]