维远股份(600955) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,582,337,593.41, representing a year-over-year increase of 154.96%[3] - The net profit attributable to shareholders for the same period was ¥585,529,892.45, reflecting a significant increase of 254.46% compared to the previous year[3] - The basic earnings per share (EPS) for Q3 2021 was ¥1.31, which is an increase of 227.50% year-over-year[3] - Total operating revenue for the first three quarters of 2021 reached ¥7,348,279,699.86, a significant increase from ¥2,865,755,611.46 in the same period of 2020[30] - Net profit for the third quarter of 2021 was ¥1,822,851,216.81, up from ¥360,836,910.61 in the same quarter of 2020[33] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥4.30, compared to ¥0.87 in the previous year[35] Assets and Equity - The total assets at the end of the reporting period reached ¥9,252,770,769.31, marking a 119.47% increase from the end of the previous year[6] - The equity attributable to shareholders increased to ¥7,922,216,952.63, a rise of 257.64% compared to the previous year[6] - As of September 30, 2021, the company's total assets reached approximately ¥9.25 billion, a significant increase from ¥4.22 billion at the end of 2020[21] - The company's equity increased significantly, with total shareholders' equity reaching approximately ¥4.39 billion, up from ¥649.18 million[28] Cash Flow - The cash flow from operating activities for the year-to-date was ¥2,407,871,810.28, showing an increase of 188.06% year-over-year[3] - Cash flow from operating activities for the first three quarters of 2021 was ¥8,421,648,130.19, significantly higher than ¥3,298,798,358.58 in 2020[35] - Operating cash inflow totaled approximately ¥8.43 billion, a significant increase from ¥3.31 billion in the previous period, reflecting a growth of about 154%[38] - Net cash flow from operating activities reached approximately ¥2.41 billion, up from ¥835.90 million, representing a growth of about 187%[38] - Cash inflow from financing activities totaled approximately ¥4.26 billion, a significant increase from ¥2.01 billion, reflecting a growth of about 112%[40] - Net cash flow from financing activities was approximately ¥2.65 billion, compared to a negative flow of -¥561.99 million previously, indicating a turnaround[40] Liabilities and Financial Management - The total current liabilities decreased to approximately ¥1.25 billion from ¥1.80 billion, reflecting improved financial management[28] - The company's long-term borrowings stood at ¥110 million, with total non-current liabilities at approximately ¥84.99 million, down from ¥201.15 million[28] - The company repaid approximately ¥1.18 billion in debt, down from ¥2.43 billion, indicating a decrease of about 51%[40] Strategic Initiatives - The company attributed the significant revenue and profit growth to expanded production capacity and rising product prices outpacing the increase in raw material costs[11] - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[23] - The company is actively exploring mergers and acquisitions as part of its growth strategy, aiming to enhance its market position[23] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36] Other Financial Metrics - Non-recurring gains and losses for Q3 amounted to ¥481,782.04, with government subsidies contributing ¥2,132,679.74 to this total[7] - The company reported a significant increase in accounts receivable, with amounts reaching ¥8 million, compared to ¥10 million in the previous year[21] - Research and development expenses for the first three quarters of 2021 were ¥5,942,403.03, down from ¥7,377,107.43 in the same period of 2020[30] - Financial expenses, including interest expenses, decreased to ¥12,716,846.19 from ¥65,326,715.10 year-over-year[30] - The company reported an investment income of ¥198,314.26, a decrease from ¥1,091,690.15 in the previous year[33] - Cash inflow from investment activities was approximately ¥1.67 billion, down from ¥2.48 billion, showing a decrease of about 33%[38] - Net cash flow from investment activities was negative at approximately -¥592.66 million, compared to -¥427.24 million previously, indicating a worsening of about 39%[38]