SANAN(SH:600703)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was RMB 3,417,339,729.18, representing a year-on-year increase of 61.54%[5] - The net profit attributable to shareholders for the same period was RMB 402,477,173.92, reflecting a growth of 37.04% compared to the previous year[5] - The basic earnings per share for the year-to-date period was RMB 0.29, an increase of 31.82% year-on-year[5] - The net profit for Q3 2021 reached ¥1,286,050,623.24, compared to ¥938,452,175.15 in Q3 2020, representing a year-over-year increase of about 37%[21] - Total comprehensive income for Q3 2021 was ¥1,273,239,869.50, up from ¥925,012,919.03 in the same period last year, indicating a growth of approximately 38%[21] - Operating profit for Q3 2021 was reported at ¥1,594,543,659.26, significantly higher than ¥1,109,126,431.81 in Q3 2020, marking an increase of around 44%[20] - The company reported sales revenue of ¥6,523,787,375.65 for the first three quarters of 2021, an increase from ¥5,452,642,161.82 in the same period last year, reflecting a growth of about 20%[22] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 45,185,445,614.05, marking a 15.93% increase from the end of the previous year[5] - The total assets of the company amounted to ¥45,185,445,614.05 as of September 30, 2021, compared to ¥38,975,452,787.46 at the end of 2020, indicating a growth of about 15.6%[17] - Total liabilities increased to ¥14,780,456,070.31 as of September 30, 2021, from ¥9,303,389,323.85 at the end of 2020, representing a rise of approximately 58.5%[17] - The total liabilities were approximately ¥9.30 billion, a slight decrease from ¥9.31 billion in the previous quarter[27] - The total liabilities and equity amounted to CNY 38,975,452,787.46[28] Cash Flow - The company reported a net cash flow from operating activities of RMB 1,269,941,334.82, which increased by 18.78% year-on-year[5] - Cash inflow from operating activities for the first three quarters of 2021 was ¥8,275,779,653.05, compared to ¥6,620,253,553.32 in the same period of 2020, showing a growth of approximately 25%[22] - The net cash flow from operating activities for Q3 2021 was approximately ¥1.27 billion, an increase of 18.7% compared to ¥1.07 billion in Q3 2020[25] - Total cash outflow from investing activities reached approximately ¥6.41 billion, up from ¥3.11 billion in the same period last year, resulting in a net cash flow from investing activities of approximately -¥6.41 billion[25] - Cash inflow from financing activities was approximately ¥6.83 billion, a decrease of 37.5% compared to ¥10.87 billion in Q3 2020, with net cash flow from financing activities at approximately ¥2.27 billion[25] Inventory and Receivables - The company experienced a significant increase in inventory by RMB 329,475,000 to meet customer demand[11] - Accounts receivable increased to ¥2,767,112,153.49 as of September 30, 2021, compared to ¥2,301,197,124.95 at the end of 2020, marking a rise of about 20.2%[13] - Inventory as of September 30, 2021, was ¥4,199,881,915.89, slightly up from ¥4,162,299,789.41 at the end of 2020, showing an increase of approximately 0.9%[13] - The company reported a total of approximately ¥4.16 billion in inventory as of Q3 2021, consistent with the previous quarter[26] Research and Development - The company's R&D expenses for Q3 2021 amounted to ¥332,562,309.04, an increase from ¥245,797,557.81 in Q3 2020, reflecting a growth of approximately 35%[20] Government Support - The company received government subsidies amounting to RMB 108,328,318.81 during the reporting period[6] Subsidiary Performance - The company’s subsidiary, Hunan Sanan, and Hubei Sanan reported a combined loss of RMB 48,332,700[11]