LYG(SH:600876)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 866,212,000, a decrease of 2.59% compared to CNY 889,208,000 in the same period last year[6]. - Net profit attributable to shareholders was CNY 81,710,868.03, representing a significant increase of 261.31% from CNY 74,346,772.27 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 56,375,984.68, up 269.31% from CNY 63,573,367.44 in the previous year[8]. - The basic earnings per share (EPS) was CNY 0.1407, reflecting a 4.53% increase from CNY 0.1346 in the same period last year[8]. - The total operating revenue for the first three quarters of 2021 reached ¥2,808,347,720.76, a significant increase from ¥1,846,942,615.15 in the same period of 2020, representing a growth of approximately 52%[28]. - The net profit for the third quarter of 2021 was ¥397,286,043.39, compared to ¥124,841,397.23 in the third quarter of 2020, indicating an increase of about 218%[28]. - The basic earnings per share for the third quarter of 2021 was ¥0.5845, compared to ¥0.1638 in the same quarter of 2020, indicating an increase of about 257%[28]. Assets and Liabilities - The total assets of the company reached CNY 9,784,867,866.89, an increase of 49.94% compared to CNY 5,604,575,811.17 at the end of the previous year[8]. - The company's total liabilities increased to ¥5,380,030,906.80 in 2021 from ¥4,445,973,752.04 in 2020, reflecting a growth of approximately 21%[25]. - The total assets of the company increased to ¥9,784,867,866.89 in 2021 from ¥6,525,929,440.38 in 2020, representing a growth of approximately 50%[25]. - The equity attributable to shareholders was CNY 3,903,746,585.16, showing a growth of 119.88% from CNY 1,626,578,221.81 at the end of the previous year[8]. - The company’s total equity increased to ¥4,404,836,960.09 in 2021 from ¥2,079,955,688.34 in 2020, reflecting a growth of approximately 112%[25]. Cash Flow - The net cash flow from operating activities was CNY 276,958,176.87, indicating a positive cash flow situation[8]. - The cash flow from operating activities for the first three quarters of 2021 was ¥276,958,176.87, a turnaround from a negative cash flow of -¥173,322,219.30 in the same period of 2020[31]. - The company reported a total of ¥1,983,999,993.34 in cash received from investment in 2021, compared to no cash received in the same period of 2020[31]. - The company’s total cash and cash equivalents at the end of the third quarter of 2021 were ¥1,816,164,694.55, a significant increase from ¥95,138,004.27 at the end of the same quarter in 2020[33]. - The company's cash and cash equivalents increased to ¥2,023,891,616.50 from ¥338,338,105.37 year-over-year[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 38,058[16]. - HKSCC NOMINEES LIMITED held 249,018,699 shares, accounting for 38.57% of total shares[16]. - The top three shareholders include state-owned enterprises, indicating a strong government presence in ownership[16]. Business Development - The company completed the acquisition of Qinhuangdao Northern Glass Co., Ltd., which became a subsidiary and was included in the consolidated financial statements from August 4, 2021[8]. - The company is focusing on new product development and market expansion strategies[16]. - The company attributed the revenue and profit growth primarily to the expansion of its business scale[15]. Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥125,342,955.20, up from ¥64,273,451.29 in the same period of 2020, marking an increase of about 95%[28]. Inventory and Receivables - Accounts receivable decreased to ¥549,983,579.61 from ¥641,954,362.17 year-over-year[22]. - The company reported a significant increase in inventory, rising to ¥455,812,060.54 from ¥307,898,221.12 year-over-year[22]. - The non-current assets totaled ¥5,739,444,636.75, compared to ¥3,913,977,604.59 in the previous year[22]. - The company has a long-term receivable of ¥55,000,000.00, unchanged from the previous year[22].