ITG(SH:600755)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 110.78 billion, representing a year-on-year increase of 15.87%[7] - The net profit attributable to shareholders for Q3 2021 was CNY 497.86 million, a decrease of 9.10% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 298.78 million, down 48.22% year-on-year[7] - The basic earnings per share for Q3 2021 was CNY 0.19, a decrease of 13.64% compared to the same period last year[9] - The diluted earnings per share for Q3 2021 was CNY 0.19, down 9.52% year-on-year[9] - The company's operating revenue increased by 58.26% year-on-year, driven by the growth in key business areas such as steel, iron ore, coal, PTA, and paper[20] - Net profit attributable to shareholders increased by 45.60%, primarily due to significant investment gains from the transfer of equity in Guotai Real Estate Group and improved operational quality in supply chain management[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 117.22%, reflecting an increase of 0.895 billion yuan and a decrease in non-recurring losses[20] - The basic earnings per share reached 60.00 yuan, attributed to the growth in net profit after deducting perpetual bond interest[20] - The diluted earnings per share was reported at 66.67 yuan, also due to the increase in net profit after deducting perpetual bond interest[20] - The weighted average return on equity increased by 4.48 percentage points, driven by the growth in net profit attributable to shareholders[20] - The total profit for the first three quarters of 2021 was ¥4.28 billion, compared to ¥2.96 billion in the same period of 2020, reflecting a growth of 44.5%[39] - The company’s basic earnings per share for the first three quarters of 2021 was ¥1.28, an increase from ¥0.80 in the same period of 2020[41] Assets and Liabilities - The total assets at the end of Q3 2021 were CNY 115.91 billion, an increase of 2.20% from the end of the previous year[9] - The equity attributable to shareholders at the end of Q3 2021 was CNY 29.46 billion, up 12.48% from the end of the previous year[9] - As of September 30, 2021, the company's total assets amounted to RMB 115.91 billion, an increase from RMB 113.42 billion at the end of 2020, reflecting a growth of approximately 2.19%[31] - The company's total current assets increased to RMB 97.09 billion, up from RMB 94.60 billion, indicating a growth of approximately 2.63%[35] - The company's total liabilities increased to RMB 80.36 billion from RMB 78.55 billion, reflecting a growth of approximately 2.30%[37] - The company's equity attributable to shareholders reached RMB 29.46 billion, up from RMB 26.19 billion, indicating an increase of about 8.69%[37] - The company's short-term borrowings rose to RMB 12.28 billion, compared to RMB 11.32 billion, marking an increase of about 8.54%[37] - The company's inventory decreased to RMB 36.04 billion from RMB 49.95 billion, a decline of approximately 27.83%[31] - The total current liabilities amounted to ¥63.83 billion, slightly decreasing from ¥63.86 billion as of January 1, 2021[48] - The total liabilities increased from ¥78,553,257,076.52 to ¥78,675,245,764.12, reflecting an increase of ¥121,988,687.60[51] - The total equity decreased slightly from ¥34,862,617,062.13 to ¥34,850,446,008.83, a reduction of ¥12,171,053.30[51] - The non-current liabilities rose from ¥14,729,929,471.52 to ¥14,820,116,727.14, an increase of ¥90,187,255.62[51] Cash Flow - The company reported a net cash flow from operating activities of CNY -566.83 million for the year-to-date period[9] - The net cash flow from operating activities was not applicable, as the company gradually exited the real estate sector, leading to reduced cash outflows from land reserves[20] - The company reported a net cash flow from operating activities of -¥566.83 million for the first three quarters of 2021, compared to -¥5.55 billion in the same period of 2020, indicating an improvement[43] - Cash inflow from investment activities totaled ¥12.82 billion in the first three quarters of 2021, compared to ¥10.57 billion in the same period of 2020[43] - Cash flow from financing activities totaled ¥114.50 billion in the first nine months of 2021, up from ¥80.72 billion in the same period of 2020, representing an increase of 42%[46] - Net cash flow from financing activities was ¥2.79 billion in the first nine months of 2021, a decrease of 76% compared to ¥11.64 billion in the same period of 2020[46] - The company reported a decrease in cash and cash equivalents by ¥4.15 billion in the first nine months of 2021, contrasting with an increase of ¥2.59 billion in the same period of 2020[46] Investments and Expenses - The company achieved an investment income of ¥2.11 billion in the first three quarters of 2021, a substantial increase from ¥458.59 million in the same period of 2020[39] - Research and development expenses were not explicitly detailed in the provided data, but the overall operating costs increased to ¥354.56 billion in 2021 from ¥224.44 billion in 2020[39] - The company reported a financial expense of ¥1.04 billion in the first three quarters of 2021, compared to ¥882.68 million in the same period of 2020, indicating increased borrowing costs[39] - The company paid ¥2.86 billion in dividends and interest in the first nine months of 2021, compared to ¥1.86 billion in the same period of 2020, marking a 54% increase[46] - The cash outflow for debt repayment was ¥104.82 billion in the first nine months of 2021, significantly higher than ¥69.68 billion in the same period of 2020, indicating a 50% increase[46] Corporate Actions - The company is gradually exiting the real estate sector, which significantly impacted net profit, while supply chain management and financial services saw profit growth[11] - Non-recurring gains for Q3 2021 included CNY 154.89 million from the disposal of non-current assets[14] - The company has a total of RMB 352.12 million in convertible bonds that have not yet been converted, accounting for 12.58% of the total issued convertible bonds[29] - The company plans to redeem all outstanding convertible bonds at a price of RMB 101.666 per bond on November 5, 2021[29] - The company's long-term borrowings decreased significantly to RMB 2.64 billion from RMB 10.48 billion, a reduction of approximately 74.80%[37] - The company recognized lease liabilities of ¥119,157,891.73 and corresponding right-of-use assets of ¥122,548,785.82 due to the new leasing standards[52] - The company adjusted long-term equity investments by reducing the book value by ¥14,762,168.62, impacting retained earnings by the same amount[54]