YMCC(SH:600691)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was approximately ¥4.11 billion, a decrease of 14.48% compared to the same period last year[5]. - The net profit attributable to shareholders for the same period was approximately ¥103.44 million, with a year-to-date net profit of approximately ¥439.04 million, reflecting a 3.97% increase year-on-year[5]. - The basic earnings per share for Q3 2021 was ¥0.0436, while the diluted earnings per share was also ¥0.0436, both unchanged from the previous year[5]. - Total operating revenue for the first three quarters of 2021 reached ¥13,558,992,030.38, an increase from ¥13,040,737,832.75 in the same period of 2020, representing a growth of approximately 3.94%[20]. - Net profit for the first three quarters of 2021 was ¥525,673,675.17, a significant recovery from a net loss of ¥838,207,893.93 in the same period of 2020[22]. - The company achieved a gross profit of ¥589,032,895.17, compared to a gross loss of ¥803,223,738.19 in the previous year, marking a turnaround in profitability[20]. - The total profit for the first three quarters of 2021 was ¥660,919,349.26, compared to a total loss of ¥791,284,264.05 in the same period of 2020[20]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥24.02 billion, a decrease of 0.79% compared to the end of the previous year[7]. - Total liabilities as of September 30, 2021, were RMB 17,144,603,395.21, down from RMB 17,866,035,829.95[17]. - The company's total assets stood at RMB 24,024,135,293.96, slightly decreasing from RMB 24,215,478,711.81[17]. - The total liabilities were approximately ¥17.87 billion, showing a minor increase from ¥17.91 billion[29]. Shareholder Information - The equity attributable to shareholders increased by 8.01% to approximately ¥5.98 billion compared to the end of the previous year[7]. - The total number of ordinary shareholders at the end of the reporting period was 66,847[9]. - The largest shareholder, Huayang New Materials Technology Group Co., Ltd., held 24.19% of the shares[11]. - The equity attributable to shareholders increased to RMB 5,976,052,941.39 from RMB 5,532,842,250.68, marking an increase of approximately 8.0%[17]. - The total equity attributable to shareholders was approximately ¥5.53 billion, remaining stable compared to the previous period[31]. Cash Flow - The company reported a net cash flow from operating activities of approximately ¥702.64 million year-to-date[5]. - The company reported a net cash flow from operating activities of ¥702,642,706.30 in 2021, compared to a negative cash flow of ¥308,945,070.20 in 2020, indicating improved operational efficiency[24]. - The net cash flow from investing activities was approximately ¥587.55 million, a decrease of ¥441.69 million compared to the previous period[26]. - The net cash flow from financing activities was negative at approximately ¥767.26 million, a decline from a positive cash flow of ¥1.79 billion in the prior period[26]. Operational Efficiency - Total operating costs decreased to ¥12,969,959,135.21 in 2021 from ¥13,868,553,440.79 in 2020, a reduction of about 6.46%[20]. - The company recorded a significant decrease in sales expenses, which fell to ¥62,535,016.74 in 2021 from ¥212,870,145.17 in 2020, a reduction of approximately 70.66%[20]. - Research and development expenses increased to ¥143,969,905.17 in 2021 from ¥103,779,581.52 in 2020, reflecting a growth of approximately 38.73%[20]. Inventory and Receivables - Accounts receivable decreased to RMB 1,138,828,445.05 from RMB 1,363,322,464.92, indicating a reduction of approximately 16.5%[15]. - Inventory increased significantly to RMB 1,465,416,343.84, compared to RMB 1,008,749,549.45, reflecting a growth of about 45.3%[15]. - The company reported a significant decrease in other receivables, dropping to RMB 248,925,283.11 from RMB 943,426,183.08, a decline of about 73.7%[15]. Future Plans - The company plans to expand its capital by increasing its stake in Shanxi Lu'an Chemical Co., Ltd. to 24.19%[14]. - The company is actively monitoring the progress of the equity change related to the capital increase and will fulfill its information disclosure obligations[14].