SCC(SH:600740)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥3,152,660,629.99, representing a year-on-year increase of 66.26%[6] - The net profit attributable to shareholders for Q3 2021 was ¥470,843,103.17, showing a slight decrease of 1.70% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥467,179,097.51, down by 1.91% year-on-year[6] - The basic earnings per share for Q3 2021 was ¥0.1838, a decrease of 1.66% compared to the same period last year[6] - The company reported a year-to-date net profit attributable to shareholders of ¥1,846,148,566.03, which is an increase of 98.90% compared to the same period last year[6] - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥1,846,148,566.03, up 98.5% from ¥928,169,037.16 in the previous year[40] - Total operating revenue for the first three quarters of 2021 reached ¥8,181,980,711.97, a significant increase of 63.4% compared to ¥5,012,759,404.25 in the same period of 2020[37] - The company reported a total comprehensive income of ¥1,840,254,481.12 for the period, compared to ¥931,211,140.41 in the previous year, reflecting a growth of 97.7%[43] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥20,428,545,713.97, a decrease of 4.57% compared to the end of the previous year[9] - As of September 30, 2021, the total assets amounted to CNY 20,428,545,713.97, compared to CNY 21,407,133,467.31 at the end of 2020[28] - The company's current assets totaled CNY 2,670,797,834.95, a decrease from CNY 5,179,868,772.18 in the previous year[30] - The company's cash and cash equivalents were CNY 1,742,903,245.12, down from CNY 4,257,271,964.72 in the previous year[28] - The total liabilities as of September 30, 2021, were CNY 6,123,343,050.25, compared to CNY 9,175,566,429.64 at the end of 2020[33] - The company's total liabilities decreased to ¥7,280,215,264.54 from ¥9,789,781,696.92, reflecting a reduction of approximately 25.4%[35] - The total non-current liabilities increased to ¥1,156,872,214.29 from ¥614,215,267.28, showing a rise of 88.5%[35] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥574,209,857.23, reflecting a significant increase of 445.53%[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥8,539,025,165.60, compared to ¥4,976,575,627.42 in the same period of 2020, marking an increase of 71.5%[44] - Net cash flow from operating activities was ¥574,209,857.23, up from ¥105,257,306.99 year-over-year[46] - Operating cash inflow totaled ¥8,619,263,229.17, an increase from ¥5,039,730,601.02 year-over-year[46] - Operating cash outflow amounted to ¥8,045,053,371.94, compared to ¥4,934,473,294.03 in the previous year[46] - Cash inflow from investment activities reached ¥220,922,733.98, while cash outflow was ¥137,748,062.91[46] - Net cash flow from investment activities was ¥83,174,671.07, a recovery from a negative cash flow of -¥296,953,313.23 in the previous year[46] - Cash inflow from financing activities totaled ¥3,923,728,735.41, compared to ¥2,250,500,000.00 in the prior year[48] - Cash outflow from financing activities was ¥5,065,358,822.17, up from ¥3,067,918,751.48 year-over-year[48] - Net cash flow from financing activities was -¥1,141,630,086.76, worsening from -¥817,418,751.48 in the previous year[48] - The ending cash and cash equivalents balance was ¥1,111,291,699.19, compared to ¥550,141,231.11 at the end of the previous year[48] Shareholder Equity - The equity attributable to shareholders at the end of Q3 2021 was ¥12,696,594,703.16, an increase of 13.75% compared to the end of the previous year[9] - The total equity attributable to shareholders of the parent company rose to ¥12,696,594,703.16, up from ¥11,161,655,348.86, representing a growth of 13.8%[39] Production and Operations - The company attributed the increase in operating revenue primarily to the significant rise in the price of its main product, coke[16] - The company maintained a tight balance in the coking market, with prices remaining high due to supply-demand dynamics[26] - The company has increased its production capacity utilization rate through lean management practices[26] - The company reported a significant increase in product gross profit compared to the previous year, reflecting effective cost reduction and efficiency improvement measures[26] Research and Development - Research and development expenses increased to ¥24,785,304.08, compared to only ¥1,479,697.86 in the same period last year, indicating a focus on innovation[37] Employee Compensation - The company reported a significant increase in employee compensation payments, totaling ¥436,322,442.24, compared to ¥307,663,021.16 previously[46] Borrowings and Investments - The company's long-term borrowings amounted to ¥789,450,000.00, compared to ¥210,000,000.00, indicating a strategic increase in leverage[35] - The long-term equity investments increased to CNY 11,640,875,758.17 from CNY 10,125,463,971.84 year-on-year[30]