ZJJF(SH:600668)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 86,746.61 million, representing an increase of 8.40% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 29.27% to CNY 10,474.97 million, while the net profit excluding non-recurring gains and losses fell by 30.19% to CNY 10,023.62 million[5][10]. - Basic and diluted earnings per share were both CNY 0.3044, reflecting a decrease of 29.27% year-on-year[6][10]. - The total profit for Q3 2021 was approximately ¥567.53 million, a decrease of 8.9% compared to ¥622.68 million in Q3 2020[23]. - The net profit for Q3 2021 was approximately ¥476.52 million, down 14.4% from ¥556.83 million in Q3 2020[23]. - The net profit attributable to shareholders of the parent company was approximately ¥424.26 million, a decrease of 17.8% from ¥516.23 million in the same period last year[23]. - The total comprehensive income for Q3 2021 was approximately ¥577.19 million, a decline of 6.3% compared to ¥616.25 million in Q3 2020[24]. - Basic and diluted earnings per share for Q3 2021 were both ¥1.23, down from ¥1.50 in Q3 2020[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 628,219.28 million, a decrease of 0.96% from the end of the previous year[6]. - Total liabilities decreased to CNY 1,196,557,906.92 as of September 30, 2021, from CNY 1,622,489,290.17 at the end of 2020, a reduction of about 26.2%[19]. - The company's total equity increased to CNY 5,085,634,850.48 as of September 30, 2021, compared to CNY 4,720,913,920.79 at the end of 2020, representing a growth of approximately 7.7%[19]. - The equity attributable to shareholders increased by 8.53% to CNY 481,405.78 million compared to the end of the previous year[6]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 22,532.77 million, showing a decrease of 8.45%[6]. - The net cash flow from operating activities for Q3 2021 was approximately ¥225.33 million, a decrease of 8.4% compared to ¥246.12 million in Q3 2020[26]. - Cash flow from operating activities for the first nine months of 2021 was approximately ¥2.63 billion, an increase of 11.6% from ¥2.36 billion in the same period of 2020[25]. - The cash and cash equivalents at the end of Q3 2021 were approximately ¥233.70 million, a decrease from ¥248.20 million at the end of Q3 2020[26]. - The company's cash and cash equivalents as of September 30, 2021, amounted to CNY 249,558,302.27, up from CNY 229,716,944.47 at the end of 2020, showing an increase of about 8.3%[18]. Operational Costs and Expenses - Total operating costs for the first three quarters of 2021 were CNY 2,241,468,762.63, compared to CNY 1,820,001,232.40 in 2020, indicating an increase of about 23.2%[22]. - Operating profit for the first three quarters of 2021 was CNY 566,774,487.63, down from CNY 623,739,907.41 in the previous year, reflecting a decrease of approximately 9.1%[22]. - Research and development expenses for the first three quarters of 2021 were CNY 63,136,678.72, compared to CNY 52,053,945.64 in the same period of 2020, indicating an increase of about 21.3%[22]. Market and Strategic Initiatives - The decline in net profit was primarily due to rising coal prices and a decrease in product prices, leading to a significant drop in the gross margin of cement products[10]. - The company plans to continue focusing on cost control and efficiency improvements in response to market challenges[10]. - The company is actively participating in a major asset restructuring involving Tianshan Cement, indicating strategic market expansion efforts[14]. - The company has engaged in margin trading and securities lending, with significant holdings by shareholders in this area[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,349[12]. - The largest shareholder, Jinhua Tongji State-owned Assets Investment Co., Ltd., holds 55,564,103 shares, accounting for 16.15% of total shares[12]. - The company’s major shareholders include individuals such as Shi Jiangang and Ruan Caiyou, holding 5,810,000 shares (1.69%) and 4,324,500 shares (1.26%) respectively[12]. Equity Transactions - The company holds a 0.95336% equity stake in Southern Cement Co., Ltd., valued at 105 million RMB, and plans to convert this stake into shares of Tianshan Cement Co., Ltd.[14]. - The transfer price for the equity stake in Southern Cement is set at 46,528.91 million RMB, with an expected shareholding of 36,068,921 shares in Tianshan Cement post-transaction[15]. - The transaction to acquire shares in Tianshan Cement has received unconditional approval from the China Securities Regulatory Commission[16]. - The company's share issuance price for the transaction is adjusted to 12.90 RMB per share following a dividend distribution[15]. - The company has completed the necessary business registration changes related to the equity transfer for Southern Cement[16].