YTG(SH:600881)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥6,222,780,224.68, representing a year-on-year increase of 30.86%[7] - The net profit attributable to shareholders for the same period was ¥10,734,278.46, showing a significant decrease of 65.37% compared to the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥497,006.58, an increase of 101.24% year-on-year[7] - The basic earnings per share for Q3 2021 was ¥0.0033, down 67.00% from the same period last year[9] - Total operating revenue for the first three quarters of 2021 reached ¥15,980,230,398.40, an increase of 22.4% compared to ¥13,089,913,608.36 in the same period of 2020[32] - Net profit for the first three quarters of 2021 was ¥34,770,960.15, compared to ¥29,555,542.07 in the same period of 2020, reflecting an increase of 17.5%[34] - The total comprehensive income for the first three quarters of 2021 was ¥40,348,356.43, compared to ¥31,623,768.66 in the same period of 2020, indicating a growth of 27.6%[34] - Basic earnings per share for the first three quarters of 2021 were ¥0.01, down from ¥0.05 in the same period of 2020[34] Cash Flow and Assets - The company's cash flow from operating activities was negative at -¥1,693,805,097.02 for the year-to-date, reflecting a significant cash outflow[9] - The company reported a net cash outflow from operating activities of ¥1,693,805,097.02 for the first three quarters of 2021, compared to a smaller outflow of ¥142,035,469.80 in the same period of 2020[37] - Cash received from operating activities totaled ¥18,638,398,381.81 in the first three quarters of 2021, compared to ¥14,836,911,646.20 in the same period of 2020, representing an increase of 25.5%[37] - The company's cash and cash equivalents decreased to approximately ¥4.42 billion from ¥9.21 billion, representing a decline of 52.0%[23] - The ending balance of cash and cash equivalents was $449,240,126.81, down from $2,793,463,487.19 at the end of the previous period[40] - Total assets at the end of the reporting period were ¥56,946,375,118.22, a decrease of 2.35% compared to the end of the previous year[9] - Total assets increased to $59,396,521,555.39 from $58,317,991,463.97, reflecting growth in the company's asset base[45] - Current liabilities increased to $36,987,026,791.66 from $36,764,566,809.80, suggesting a rise in short-term obligations[45] Liabilities and Equity - Total liabilities decreased to approximately ¥38.76 billion from ¥40.22 billion, a reduction of 3.6%[29] - The company's total equity increased to approximately ¥18.19 billion, up from ¥18.09 billion, reflecting a growth of 0.6%[29] - Total liabilities amounted to approximately $40.22 billion, a decrease of $1.08 billion compared to the previous period[47] - Total equity attributable to shareholders reached approximately $14.57 billion, remaining unchanged from the previous period[47] - Non-current liabilities totaled approximately $3.46 billion, down from $4.32 billion, indicating a reduction of approximately $856 million[47] Research and Development - Research and development expenses increased by 142.25% due to higher investment in building materials product development[13] - Research and development expenses increased significantly to ¥142,537,266.39 in the first three quarters of 2021, compared to ¥58,840,079.34 in the same period of 2020, marking an increase of 142.5%[32] Shareholder Information - The company reported a total of 94,441 common shareholders at the end of the reporting period[14] - As of October 8, 2021, Anhui Conch Cement Co., Ltd. purchased 162,445,690 shares of the company, representing 5.00% of the total issued shares[19] - The company reported a total of 295,088,616 shares held by the Changchun Municipal Government State-owned Assets Supervision and Administration Commission[18] - The company has a total of 161,958,390 shares held by Anhui Conch Cement Co., Ltd.[18] - The company has a total of 160,165,990 shares held by Wan Zhongbo[18] - The company has a total of 155,009,212 shares held by Jilin Jinta Investment Co., Ltd.[18] - The company has a total of 148,936,170 shares held by Wuxi Shengbang Real Estate Investment Co., Ltd.[18] - The company has a total of 129,477,298 shares held by Century Rongshang Information Technology Co., Ltd.[18] - The company has a total of 108,482,368 shares held by Tangshan Jidong Cement Co., Ltd.[18] Investments and Acquisitions - The company acquired 100% equity of Jilin Yatai Municipal Engineering Co., Ltd. for RMB 24.6 million, which has total assets and liabilities of 0 as of June 30, 2021[19] - The company established Harbin Yatai Longhua Trading Co., Ltd. with an investment of RMB 50 million, focusing on coal, steel, and building materials sales[19] Tax and Expenses - The company’s tax expenses for the first three quarters of 2021 were ¥149,077,826.65, compared to ¥121,562,741.94 in the previous year, reflecting an increase of 22.6%[34] Accounting Standards - The company has implemented the new accounting standard for leases since January 1, 2021, affecting the measurement of lease liabilities and right-of-use assets[49]