LIUSTEELCO(SH:601003)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥24,563,626,071, representing a 73.33% increase compared to the same period last year[6] - Net profit attributable to shareholders was ¥415,828,577.09, a decrease of 9.62% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥398,102,653.07, down 12.44% from the previous year[8] - The basic earnings per share for the period was ¥0.16, a decrease of 9.62% compared to the same period last year[8] - The weighted average return on equity was 3.14%, a decrease of 0.97 percentage points year-on-year[8] - Total operating revenue for the first three quarters of 2021 reached ¥65,108,087,799.77, a significant increase from ¥37,175,455,876.50 in the same period of 2020, representing an increase of approximately 75.4%[33] - Net profit for the third quarter of 2021 was ¥3,574,271,151.58, compared to ¥1,251,157,779.46 in the third quarter of 2020, reflecting a growth of about 186.5%[33] - Basic earnings per share for the third quarter of 2021 was ¥0.90, compared to ¥0.48 in the same quarter of 2020, an increase of 87.5%[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥72,549,656,212.56, an increase of 19.73% compared to the end of the previous year[8] - As of September 30, 2021, total assets reached CNY 72,549,656,212.56, an increase from CNY 60,594,790,328.17 at the end of 2020, reflecting a growth of approximately 19.5%[23] - Current assets totaled CNY 28,992,639,859.27, up from CNY 19,580,480,623.85, indicating a growth of about 47.5% year-over-year[23] - Total liabilities increased to CNY 43,338,626,070.30 from CNY 36,104,189,971.67, reflecting an increase of about 20.0%[27] - The total liabilities of the company rose to ¥44,724,975,131.56, up from ¥35,712,019,765.55, indicating a growth of about 25.6%[33] - The total equity attributable to shareholders increased to ¥13,442,609,901.00 from ¥11,769,987,995.53, representing an increase of approximately 14.2%[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥378,763,177.19, reflecting a significant increase of 149.73% year-on-year[8] - Cash generated from operating activities was ¥50,084,206,170.13 in 2021, compared to ¥31,348,561,874.10 in 2020, reflecting an increase of approximately 59.8%[35] - Operating cash inflow totaled CNY 52.64 billion, up from CNY 33.30 billion year-over-year, reflecting a growth of approximately 58%[39] - Operating cash outflow amounted to CNY 52.27 billion, compared to CNY 33.15 billion in the previous year, indicating a year-over-year increase of about 58%[39] - Net cash flow from operating activities was CNY 378.76 million, a significant increase from CNY 151.67 million year-over-year[39] - Cash flow from financing activities totaled CNY 11.37 billion, down from CNY 14.09 billion year-over-year, reflecting a decrease of about 19%[41] - Net cash flow from financing activities was CNY 2.56 billion, a decline from CNY 6.61 billion in the previous year[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,697, with the largest shareholder holding 74.57% of the shares[16] - The company reported an unallocated profit of approximately ¥7.00 billion, contributing to the overall equity position[46] - The total equity attributable to minority shareholders was approximately ¥13.11 billion, indicating a significant portion of equity held by non-controlling interests[46] Research and Development - Research and development expenses increased to ¥2,201,827,395.62 in 2021 from ¥830,960,851.33 in 2020, marking an increase of approximately 164.5%[33] Government Subsidies - The company received government subsidies amounting to ¥50,811,759.16 during the reporting period, related to energy-saving and employment support projects[11] Inventory and Borrowings - Inventory increased significantly to CNY 16,133,807,679.61 from CNY 9,184,424,196.86, representing an increase of approximately 75.5%[23] - Short-term borrowings rose to CNY 6,553,866,102.60, compared to CNY 2,786,958,919.58, marking an increase of about 134.5%[27] - Long-term borrowings stood at CNY 15,833,242,498.86, slightly up from CNY 15,057,100,000.00, indicating a growth of approximately 5.1%[27] Financial Expenses - The company reported a financial expense of ¥493,296,867.78, significantly higher than ¥19,399,712.82 in the previous year, indicating an increase of approximately 2441.5%[33] Accounting Standards - The company has implemented new accounting standards for leases, which will enhance transparency and provide more useful information to stakeholders[49]