山西汾酒(600809) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 reached ¥5,138,183,046.62, representing a 47.81% increase compared to ¥3,474,513,987.70 in the same period last year[4] - Net profit attributable to shareholders was ¥1,335,187,989.94, a 53.24% increase from ¥856,363,838.97 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥1,334,677,306.02, reflecting a 52.99% increase compared to ¥857,153,907.74 in the previous year[4] - The basic earnings per share (EPS) for the quarter was ¥1.10, up 54.93% from ¥1.00 in the same quarter last year[4] - The diluted EPS also stood at ¥1.10, marking a 54.93% increase compared to ¥1.00 in the previous year[4] - Total operating revenue for the first three quarters of 2021 reached ¥17,256,932,330.64, a significant increase from ¥10,381,037,317.40 in the same period of 2020, representing a growth of approximately 65.5%[19] - The net profit for the first three quarters of 2021 was ¥6,649,001,042.74, compared to ¥3,442,833,601.28 in the same period of 2020, reflecting an increase of approximately 93.8%[20] - The net profit for Q3 2021 was CNY 4,926,713,515.02, a significant increase of 92.8% compared to CNY 2,567,472,215.75 in Q3 2020[22] - Basic earnings per share for Q3 2021 were CNY 4.02, up from CNY 2.05 in the same quarter last year, reflecting a growth of 96.1%[23] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥6,123,992,066.88, a significant increase of 198.85% compared to ¥1,780,922,563.36 in the same period last year[4] - Cash flow from operating activities for the first three quarters of 2021 was CNY 6,123,992,066.88, compared to CNY 2,049,216,025.15 in the previous year, indicating a growth of 198.5%[24] - Cash and cash equivalents at the end of Q3 2021 amounted to CNY 4,468,386,890.16, up from CNY 4,103,538,515.35 at the end of Q3 2020, representing a growth of 8.9%[25] - The company reported cash inflows from operating activities totaling CNY 19,076,775,417.06 for the first three quarters of 2021, compared to CNY 10,537,704,588.94 in the same period of 2020, an increase of 80.5%[24] - The company's cash and cash equivalents increased to RMB 10,707.08 million from RMB 4,606.71 million year-over-year[15] - As of September 30, 2021, the company's total current assets amounted to RMB 22,051.86 million, an increase from RMB 15,807.96 million at the end of 2020[15] Shareholder Information - The total number of common shareholders at the end of the reporting period was 80,396[9] - The largest shareholder, Shanxi Xinghuacun Fenjiu Group Co., Ltd., holds 690,121,565 shares, accounting for 56.56% of total shares[9] Operational Highlights - The company expanded its dealer network, increasing the number of dealers in the domestic market by 87 to a total of 732, and in the external market by 443 to a total of 2,694[12] - The company launched a new 10,000-ton raw liquor production capacity project and a 58,800-ton raw liquor storage project to support high-quality development[13] - The company is focusing on expanding its market presence in southern China, particularly in Jiangsu, Zhejiang, Shanghai, Anhui, and Guangdong[13] - The company emphasizes the "green Fenjiu" quality control concept, showcasing its commitment to craftsmanship and historical culture[13] Costs and Liabilities - Total operating costs for the third quarter of 2021 were ¥10,583,774,699.18, compared to ¥6,900,477,020.45 in the previous year, indicating an increase of about 53.5%[20] - The total liabilities for the third quarter of 2021 were ¥11,391,857,823.59, compared to ¥9,713,598,177.81 in the same period of 2020, which is an increase of approximately 17.3%[18] - The company reported a significant increase in accounts payable, which rose to ¥1,515,924,719.73 in the third quarter of 2021 from ¥1,454,927,658.73 in the same period of 2020, an increase of approximately 4.2%[18] Research and Development - Research and development expenses for the third quarter of 2021 were ¥12,728,690.84, slightly down from ¥13,254,872.57 in the same quarter of 2020, indicating a decrease of about 3.9%[20] Government Support - The company received government subsidies amounting to ¥261,589.87 during the quarter, contributing to its financial performance[7]