xinsteel(SH:600782)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥3,083,604.09 million, representing a year-on-year increase of 53.80%[6] - Net profit attributable to shareholders was ¥102,517.38 million, up 29.25% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥95,320.67 million, reflecting a 43.64% increase year-on-year[6] - Basic earnings per share for the quarter were ¥0.328, an increase of 30.40% from the previous year[6] - Total operating revenue for the first three quarters of 2021 reached ¥85.45 billion, a significant increase of 64.5% compared to ¥51.93 billion in the same period of 2020[32] - Net profit for the first three quarters of 2021 was ¥3.53 billion, representing a 84.4% increase from ¥1.92 billion in the same period of 2020[35] - The company reported a total profit of ¥4.09 billion for the first three quarters of 2021, compared to ¥2.29 billion in the previous year, marking an increase of 78.9%[35] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,903,505.89 million, a 13.06% increase from the end of the previous year[9] - As of September 30, 2021, total assets amounted to RMB 59,035,058,863.32, an increase from RMB 52,217,493,400.72 at the end of 2020, representing a growth of approximately 13.9%[22] - Current assets totaled RMB 33,150,477,168.04, up from RMB 28,221,735,131.17 at the end of 2020, indicating an increase of about 17.5%[22] - Total liabilities reached RMB 32,310,872,335.04, up from RMB 28,071,552,271.34, which is an increase of around 15.4%[28] - The company's equity attributable to shareholders was RMB 25,988,675,719.55, compared to RMB 23,498,365,150.88 at the end of 2020, representing a growth of about 10.6%[28] Cash Flow and Investments - Cash flow from operating activities for the first three quarters of 2021 totaled ¥63.73 billion, an increase from ¥40.48 billion in the previous year[38] - The net cash flow from operating activities was 1,989,173,625.97, a decrease of 48.0% compared to 3,827,546,981.28 from the previous period[41] - The total cash outflow from investing activities was 11,200,286,790.37, down 17.7% from 13,603,819,225.56 in the prior period[41] - The total cash inflow from investing activities was 8,342,321,299.79, down 15.2% from 9,831,392,633.73 in the prior period[41] - The cash paid for investments was 10,279,000,000.00, a decrease of 20.5% compared to 12,924,299,215.43 in the previous period[41] Research and Development - The company reported a significant increase in research and development expenses by 51.43%, primarily due to investments in electrical steel projects[13] - Research and development expenses for the first three quarters of 2021 amounted to ¥585.24 million, up 51.5% from ¥386.46 million in 2020[32] Other Financial Metrics - The company's weighted average return on equity was 4.024%, an increase of 0.49 percentage points compared to the previous year[6] - The total cash inflow from financing activities was 3,767,968,927.31, down 19.7% from 4,696,070,753.71 in the prior period[41] - The cash paid for employee compensation was 2,422,155,509.48, an increase of 12.7% from 2,148,749,189.05 in the prior period[41] - The cash paid for taxes was 1,498,122,941.33, a decrease of 38.9% compared to 2,447,737,879.97 in the previous period[41]