2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was RMB 15,143,830 thousand, representing a year-on-year increase of 1.0%[4] - The net profit attributable to shareholders of the listed company was a loss of RMB 48,217 thousand, with a year-to-date net profit of RMB 320,341 thousand, reflecting a 38.3% increase compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 139,983 thousand, with a year-to-date figure of RMB 170,635 thousand, showing a 36.7% increase year-on-year[4] - The basic and diluted earnings per share for Q3 2021 were both -0.003 yuan, while the year-to-date earnings per share were 0.017 yuan, an increase of 41.7%[5] - Total operating revenue for the first three quarters of 2021 reached RMB 46,713,891 thousand, a slight increase from RMB 46,427,919 thousand in the same period of 2020, representing a growth of 0.62%[18] - Net profit for the first three quarters of 2021 was RMB 320,341 thousand, up from RMB 231,703 thousand in the same period of 2020, reflecting a growth of 38.2%[19] - The company reported basic and diluted earnings per share of 0.017 RMB for Q3 2021, up from 0.012 RMB in Q3 2020, representing a growth of 41.7%[20] Assets and Liabilities - The total assets at the end of the reporting period were RMB 63,707,838 thousand, an increase of 4.3% compared to the end of the previous year[5] - Total assets as of September 30, 2021, amounted to RMB 63,707,838 thousand, an increase from RMB 61,091,195 thousand at the end of 2020, showing a growth of 4.3%[17] - Total liabilities as of September 30, 2021, were RMB 56,257,260 thousand, compared to RMB 54,368,329 thousand at the end of 2020, representing an increase of 3.48%[17] - The company's total equity attributable to shareholders increased to RMB 7,450,578 thousand from RMB 6,722,866 thousand at the end of 2020, an increase of 10.83%[17] Cash Flow - The net cash flow from operating activities was RMB -186,766 thousand, a significant decrease of 129.7% year-on-year[4] - Net cash flow from operating activities for the first three quarters of 2021 was -186,766 thousand RMB, compared to 628,588 thousand RMB in the same period of 2020, indicating a decline[21] - Cash inflow from financing activities was 44,444,242 thousand RMB in the first three quarters of 2021, up from 39,565,093 thousand RMB in the same period of 2020, reflecting an increase of approximately 7.1%[22] - Net cash flow from financing activities for the first three quarters of 2021 was 676,230 thousand RMB, compared to 132,361 thousand RMB in the same period of 2020, showing significant improvement[22] - The company reported a net cash flow from investment activities of -653,292 thousand RMB for the first three quarters of 2021, slightly worse than -643,514 thousand RMB in the same period of 2020[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 142,279, with the largest shareholder being China Petroleum & Chemical Corporation, holding 56.51% of the shares[10] Costs and Expenses - The total operating costs for the first three quarters of 2021 were RMB 46,619,720 thousand, compared to RMB 46,199,581 thousand in 2020, indicating an increase of 0.91%[18] - The company has implemented strict cost control measures, resulting in a reduction of financing costs and a decrease in period expenses year-on-year[7] - Research and development expenses for the first three quarters of 2021 were RMB 578,756 thousand, down from RMB 803,877 thousand in the same period of 2020, a decrease of 28%[18] Inventory and Receivables - Cash and cash equivalents decreased to RMB 1,350,538 thousand from RMB 1,551,458 thousand at the end of 2020, a decline of 12.93%[15] - Accounts receivable decreased to RMB 8,089,111 thousand from RMB 9,358,385 thousand at the end of 2020, a reduction of 13.6%[15] - Inventory increased to RMB 1,555,453 thousand from RMB 1,033,678 thousand at the end of 2020, reflecting a growth of 50.5%[15] Compliance and Reporting - The company has not adopted the new leasing standards for the current year, indicating a potential area for future compliance and reporting adjustments[23]