CTM(SH:600711)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥14,237,043,758.72, representing a year-on-year increase of 32.91%[7] - Net profit attributable to shareholders for Q3 2021 reached ¥780,595,801.93, a significant increase of 245.40% compared to the same period last year[7] - The basic earnings per share for Q3 2021 was ¥0.287, reflecting a 192.86% increase year-on-year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was ¥931,269,106.27, up 226.44% year-on-year[7] - Total revenue for the first three quarters of 2021 reached ¥37,375,076,708.85, an increase of 13.3% compared to ¥32,861,094,981.14 in the same period of 2020[41] - The total profit for the current period was CNY 2,749,625,059.46, compared to CNY 336,263,659.64 in the previous period, marking a growth of over 717%[42] - The company reported a total comprehensive income of CNY 2,536,575,741.98, compared to CNY 356,973,679.75 in the previous period, indicating a significant increase[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥27,726,490,800.66, an increase of 19.34% compared to the end of the previous year[10] - Current assets increased to ¥14,819,651,799.00 as of September 30, 2021, compared to ¥10,780,553,877.06 at the end of 2020, marking a growth of 37.9%[34] - Total assets reached ¥27,726,490,800.66, up from ¥23,233,332,947.55, reflecting an increase of 19.5%[39] - Total liabilities increased to ¥13,915,400,757.89 from ¥12,024,485,913.98, which is a rise of 15.7%[39] - Shareholders' equity rose to ¥13,811,090,042.77, compared to ¥11,208,847,033.57, showing an increase of 23.3%[39] - The company reported a decrease in short-term borrowings to ¥2,772,596,833.67 from ¥2,918,103,910.51, a decline of 5.0%[37] Cash Flow - The cash flow from operating activities for the year-to-date was reported at ¥231.32 million, indicating strong operational performance[12] - The cash flow from operating activities generated a net amount of CNY 1,394,855,218.19, a substantial increase from CNY 421,003,783.87 in the previous year, reflecting a growth of over 230%[48] - The net cash flow from investing activities was -1,414,787,142.33, a decrease from -2,374,456,762.28 in the previous period, indicating improved cash management[51] - Total cash and cash equivalents at the end of the period reached 959,402,663.27, up from 627,594,317.41, reflecting a net increase of 360,616,287.66[51] Investments and Projects - The company reported a significant increase in demand for new energy battery metals, contributing to improved economic benefits from nickel, cobalt, and copper projects[12] - The company has seen a notable increase in profits from its zinc and germanium smelting projects, further enhancing overall profitability[12] - The company plans to continue expanding its market presence and enhancing operational efficiency through ongoing projects and investments in new technologies[12] Stock and Incentive Plans - The company granted 29 million restricted stock units to 251 eligible participants at a price of RMB 3.88 per share[28] - The initial grant price for the restricted stock plan was adjusted from RMB 3.88 to RMB 3.87 per share due to the implementation of the 2020 annual profit distribution plan[28] - The company’s stock incentive plan is part of its strategy to enhance employee motivation and align interests with shareholders[25] - The company’s independent board approved the incentive plan, and legal and financial advisors provided necessary opinions and reports[25] - The company’s stock incentive plan was publicly disclosed and underwent a verification process by the supervisory board[25] Research and Development - Research and development expenses were CNY 29,459,861.18, slightly decreased from CNY 31,592,562.08 in the previous period, showing a reduction of about 7%[42]