LBC(SH:600727)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,083,632,803.48, representing a year-on-year increase of 21.96%[5] - The net profit attributable to shareholders for the same period was CNY 132,090,317.44, an increase of 88.35% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 130,556,170.18, up 89.83% year-on-year[5] - Basic and diluted earnings per share for Q3 2021 were CNY 0.25, an increase of 89.99% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached ¥3,206,304,559.40, a significant increase of 45.3% compared to ¥2,204,840,097.53 in the same period of 2020[19] - Operating profit for the first three quarters of 2021 was ¥581,988,403.51, up 104.8% from ¥284,215,604.96 in the previous year[20] - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥404,080,285.70, representing a 132.5% increase from ¥174,083,745.34 in 2020[21] - The basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.76, compared to ¥0.40 in the same period of 2020, marking a 90% increase[21] Cash Flow and Assets - The cash flow from operating activities for the year-to-date was CNY 195,162,696.63, reflecting a growth of 53.50%[6] - The net cash flow from operating activities for Q3 2021 was ¥195,162,696.63, an increase of 53.4% compared to ¥127,141,945.03 in Q3 2020[24] - Cash generated from operating activities was ¥2,692,789,355.77, an increase of 50.8% compared to ¥1,784,699,034.97 in the first three quarters of 2020[23] - Total cash inflow from investment activities was ¥468,323,694.48, a decrease of 68.7% from ¥1,494,612,699.79 in the previous year[24] - The total cash and cash equivalents at the end of Q3 2021 stood at ¥548,083,333.38, down from ¥945,598,468.31 at the end of Q3 2020[25] - The company reported a total asset value of ¥4,566,915,919.92 as of Q3 2021, reflecting a decrease from ¥4,680,157,180.09 at the beginning of the year[28] - Current assets totaled RMB 2,080,143,271.96, down from RMB 2,290,745,090.69, indicating a decrease of about 9.19%[17] - Cash and cash equivalents were RMB 557,135,265.21, significantly lower than RMB 1,083,529,846.21 at the end of 2020, representing a decline of approximately 48.6%[16] Liabilities and Equity - The company reported a total liability of ¥1,796,226,816.46 as of the end of the third quarter of 2021, compared to ¥1,686,962,645.44 at the end of the same period in 2020[18] - The total equity attributable to shareholders of the parent company increased to ¥2,935,329,062.97 from ¥2,683,721,599.86 year-over-year, reflecting a growth of 9.4%[18] - The company’s total liabilities increased by 6.5% from the previous year, indicating a strategic approach to leverage for growth[18] - The company’s total equity as of Q3 2021 was ¥3,478,519,721.28, showing a decrease from ¥3,591,760,981.41 at the beginning of the year[28] - The total liabilities amounted to ¥1,088,396,198.64, with current liabilities at ¥1,088,396,198.64 as of Q3 2021[28] - The company’s total liabilities increased by ¥113,241,260.17 due to the adoption of the new leasing standards[30] - The company’s total equity attributable to shareholders was ¥2,683,721,599.86, showcasing strong shareholder value[29] Operational Insights - The increase in operating revenue was primarily due to the rise in sales prices of products such as methylene chloride and titanium dioxide[10] - The company reported a significant increase in net profit primarily driven by the growth in product prices[10] - The company has ongoing projects in construction, with capitalized costs in construction in progress amounting to RMB 727,061,316.60, up from RMB 305,330,406.63[17] - Research and development expenses for the first three quarters of 2021 were ¥40,530,198.94, which is a 105.5% increase from ¥19,717,196.15 in the same period of 2020[19] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] - The company plans to enhance its market expansion strategies and invest in new technologies to drive future growth[24] Asset Composition - Total assets at the end of the reporting period were CNY 4,957,242,100.48, an increase of 8.55% from the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was CNY 2,935,329,062.97, up 9.38% from the previous year-end[6] - Total non-current assets reached RMB 2,877,098,828.52, up from RMB 2,276,170,829.23, marking an increase of around 26.4%[17] - The company recognized a right-of-use asset of ¥113,241,260.17 and a corresponding lease liability under the new leasing standards[30] - The capital reserve stood at ¥1,558,173,399.28, reflecting the company's financial stability[29] - The company reported an undistributed profit of ¥355,823,875.00, contributing to the total equity[29]