CMST(SH:600787)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥20,297,523,221.23, representing a year-on-year increase of 48.62%[7] - The net profit attributable to shareholders for Q3 2021 was ¥499,373,896.02, a significant increase of 234.35% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥205,578,842.48, up 347.55% year-on-year[7] - The basic earnings per share for Q3 2021 was ¥0.2302, reflecting an increase of 233.62% compared to the same period last year[9] - Total operating revenue for the first three quarters of 2021 reached ¥53,427,914,231.64, a significant increase from ¥33,270,080,994.64 in the same period of 2020, representing a growth of approximately 60.7%[32] - The net profit for the third quarter of 2021 was approximately ¥542.76 million, compared to ¥262.47 million in the previous year, indicating a year-over-year increase of approximately 106.6%[35] - The total comprehensive income for the third quarter of 2021 was approximately ¥541.38 million, compared to ¥259.58 million in the previous year, marking an increase of about 108.7%[37] - The company reported a total operating profit of approximately ¥731.63 million for the third quarter of 2021, compared to ¥198.96 million in the same period of 2020, representing a growth of approximately 267.5%[35] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥25,367,068,781.98, an increase of 19.98% from the end of the previous year[9] - The total assets of the company amounted to ¥25,367,068,781.98, compared to ¥21,142,798,734.89 in the previous year, showing an increase of approximately 19.8%[27] - Total liabilities increased to ¥12,632,014,300.01 in 2021 from ¥8,960,451,743.06 in 2020, representing a growth of about 41.9%[27] - The total equity attributable to shareholders at the end of Q3 2021 was ¥12,261,953,762.09, reflecting a year-on-year increase of 4.57%[9] - The company's equity attributable to shareholders reached ¥12,261,953,762.09, compared to ¥11,725,867,066.74 in the previous year, indicating an increase of approximately 4.6%[27] - Long-term borrowings rose significantly to ¥1,410,000,000.00 in 2021 from ¥418,600,000.00 in 2020, reflecting an increase of about 236.5%[27] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥496,780,544.40[9] - The cash flow from operating activities for the third quarter of 2021 was approximately ¥496.78 million, a turnaround from a negative cash flow of ¥238.38 million in the same period of 2020[40] - The company’s cash inflow from financing activities was approximately ¥4.60 billion, while cash outflow was approximately ¥4.05 billion, leading to a net cash flow from financing activities of approximately ¥546.18 million[40] - The cash inflow from investment activities was approximately ¥66.07 million, while cash outflow was approximately ¥570.69 million, resulting in a net cash flow from investment activities of approximately -¥504.62 million[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 50,782, with the largest shareholder, China Material Storage and Transportation Group Co., Ltd., holding 1,006,185,716 shares, representing 45.74% of the total[15] - The top ten shareholders hold a combined total of 1,192,000,000 shares, accounting for approximately 54.39% of the total shares outstanding[15] - The company has no known related party relationships among the top shareholders, ensuring independent shareholder actions[17] Investments and Expenses - The company confirmed investment income increased due to the good performance of joint ventures and the recognition of gains from land and property acquisitions during the reporting period[11] - Research and development expenses increased to ¥28,430,129.68 in 2021 from ¥4,570,155.66 in 2020, reflecting a growth of approximately 523.5%[32] - Investment income for the first three quarters of 2021 was ¥181,918,124.36, up from ¥42,229,827.03 in 2020, marking an increase of about 331.5%[32] Current Assets and Inventory - The company’s cash and cash equivalents as of September 30, 2021, amounted to RMB 2,271,125,426.04, an increase from RMB 1,649,166,799.39 at the end of 2020, reflecting a growth of approximately 37.5%[22] - The total current assets increased to RMB 12,700,121,732.71 as of September 30, 2021, compared to RMB 9,207,714,496.22 at the end of 2020, indicating a growth of about 37.1%[22] - The accounts receivable increased to RMB 1,634,176,595.60 as of September 30, 2021, compared to RMB 1,363,552,657.70 at the end of 2020, showing an increase of approximately 19.8%[22] - The inventory as of September 30, 2021, was RMB 3,203,134,550.54, significantly higher than RMB 1,357,937,191.02 at the end of 2020, representing an increase of about 135.5%[22] Legal Matters - The company has ongoing litigation involving a claim for approximately RMB 87,878,000 related to the management of pledged assets, which is currently under court review[18] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32]