NBSS(SH:600884)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥5,765,063,408.09, representing a year-on-year increase of 145.05%[4] - Net profit attributable to shareholders for Q3 2021 was ¥2,014,297,360.62, a significant increase of 1,034.67% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥610,762,224.21, up 535.79% year-on-year[4] - The lithium battery materials business generated operating revenue of ¥722,956.02 million, a year-on-year growth of 57.91%, with a net profit of ¥84,446.95 million, increasing by 464.97%[5] - The newly added polarizer business contributed significantly, achieving operating revenue of ¥752,937.92 million and a net profit of ¥88,627.67 million[6] - Total operating revenue for the first three quarters of 2021 reached ¥15.71 billion, a significant increase from ¥5.56 billion in the same period of 2020, representing a growth of approximately 182.5%[27] - Net profit for the first three quarters of 2021 was ¥2.96 billion, compared to ¥306.51 million in 2020, indicating a substantial increase of about 867.5%[28] - Operating profit for the first three quarters of 2021 was ¥4.02 billion, up from ¥401.40 million in 2020, reflecting an increase of approximately 901.5%[27] - The net profit attributable to shareholders for the first nine months of 2021 was RMB 9.53 billion, compared to RMB 6.25 billion for the same period in 2020, representing a growth of approximately 53%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥35,825,243,753.83, reflecting a year-on-year increase of 45.98%[5] - The company's total assets reached RMB 35.83 billion, an increase from RMB 24.54 billion at the end of 2020, representing a growth of approximately 46%[24] - Total current liabilities increased to RMB 11.38 billion from RMB 6.85 billion, reflecting a rise of approximately 66%[25] - The company's total liabilities reached RMB 20.29 billion, up from RMB 10.63 billion, which is an increase of approximately 91%[25] - The company's total equity increased to RMB 15.54 billion from RMB 13.91 billion, reflecting a growth of about 12%[25] Cash Flow - The company reported a net cash flow from operating activities of -¥874,526,558.69 for the year-to-date period, indicating a decline of 848.35% compared to the previous year[4] - The net cash flow from operating activities for the year-to-date period was CNY -848.35 million, impacted by the acquisition of the LCD polarizer business and an increase in accounts receivable[12] - Cash flow from operating activities showed a net outflow of ¥874.53 million in 2021, compared to a net inflow of ¥116.86 million in 2020[29] - The net cash flow from investment activities was negative at approximately -$3.07 billion in 2021, a decline from a positive cash flow of $650.31 million in 2020[30] - Cash inflows from financing activities reached approximately $12.72 billion in 2021, up from $5.00 billion in the previous year, reflecting strong financing efforts[30] - The net cash flow from financing activities was approximately $7.28 billion in 2021, a substantial improvement from a negative cash flow of -$612.13 million in 2020[30] - The company experienced a net increase in cash and cash equivalents of approximately $3.33 billion in 2021, compared to $156.08 million in the same period of 2020[30] - The ending balance of cash and cash equivalents as of the end of the reporting period was approximately $5.90 billion, significantly higher than $2.20 billion at the same time last year[30] - The company received approximately $11.25 billion in cash from borrowings in 2021, compared to approximately $4.99 billion in 2020, indicating increased leverage[30] - Cash paid for debt repayment was approximately $3.69 billion in 2021, a decrease from $4.80 billion in the previous year, suggesting improved debt management[30] Equity and Investments - The company completed the transfer of 19.6438% equity in Hunan Sishan Energy Technology Co., resulting in a non-recurring gain of ¥143,975.59 million[7] - The company reduced its stake in Shanshan Energy from 68.6438% to 49% following the transfer of part of its equity, effective September 1, 2021[20] - The company has received all equity transfer payments related to the control of Shanshan Energy, which is no longer included in the consolidated financial statements[21] - The company completed the acquisition of LG Chem's LCD polarizer business on February 1, 2021, which has significantly contributed to its performance[18] Research and Development - Research and development expenses rose to ¥550.69 million in 2021 from ¥306.53 million in 2020, marking an increase of about 79.5%[27] Earnings and Shareholder Returns - The company reported a basic earnings per share of CNY 909.02 for the current reporting period, reflecting the impact of the equity transfer and the acquisition[12] - Basic earnings per share for the first three quarters of 2021 were ¥1.698, compared to ¥0.202 in 2020, indicating an increase of about 740.1%[28] - The company reported cash payments for dividends and interest totaling approximately $533.81 million in 2021, compared to $388.72 million in 2020, reflecting a commitment to shareholder returns[30] Tax and Other Comprehensive Income - The company reported a tax expense of ¥1.06 billion in 2021, compared to ¥93.50 million in 2020, which is an increase of about 1,134.4%[28] - Other comprehensive income after tax for the first three quarters of 2021 was -¥691.57 million, an improvement from -¥1.25 billion in 2020[28] Regulatory and Compliance - The company has submitted an application for a non-public issuance of A-shares to the China Securities Regulatory Commission, which is still pending approval[19] - The company did not apply the new lease accounting standards starting in 2021, indicating a potential area for future financial reporting adjustments[31]