CISC(601005)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was RMB 9,094,279, an increase of 29.95% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was RMB 182,680, a decrease of 26.63% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 181,930, down 26.05% from the previous year[5] - The total operating revenue for the first three quarters of 2021 reached CNY 31,764,218 thousand, a significant increase from CNY 17,925,894 thousand in the same period of 2020, representing an increase of approximately 77.5%[25] - The company's net profit attributable to shareholders for the first three quarters of 2021 was CNY -5,845,796 thousand, an improvement from CNY -8,725,517 thousand in the same period of 2020[25] - The company's operating profit for the period was 3,046,277 thousand RMB, compared to 369,664 thousand RMB in the previous period, indicating significant growth[28] - The total profit amounted to 2,879,104 thousand RMB, up from 370,447 thousand RMB year-over-year[28] - Net profit attributable to shareholders reached 2,879,721 thousand RMB, compared to 370,332 thousand RMB in the same period last year, reflecting a substantial increase[28] - The company's total comprehensive income for the period was 2,879,721 thousand RMB, reflecting strong performance compared to 370,332 thousand RMB in the prior year[31] Assets and Liabilities - The total assets at the end of the reporting period were RMB 41,614,315, representing a 4.17% increase from the end of the previous year[7] - The total assets as of September 30, 2021, amounted to CNY 41,614,315 thousand, up from CNY 39,949,856 thousand at the end of 2020, indicating a growth of approximately 4.2%[25] - The company's cash and cash equivalents decreased to CNY 4,426,763 thousand from CNY 4,943,231 thousand at the end of 2020, a decline of about 10.4%[20] - Inventory levels decreased to CNY 4,381,077 thousand from CNY 5,054,908 thousand, representing a reduction of approximately 13.3%[20] - The company's short-term borrowings increased significantly to CNY 2,432,197 thousand from CNY 700,788 thousand, marking an increase of about 247.5%[23] - The total liabilities decreased slightly to CNY 18,623,309 thousand from CNY 19,911,389 thousand, a decrease of approximately 6.5%[23] - The company's fixed assets increased to CNY 20,189,207 thousand from CNY 16,630,788 thousand, reflecting a growth of about 21.0%[20] Cash Flow - The company reported a significant increase in operating cash flow for the year-to-date, up 310.05% to RMB 1,991,154[5] - Cash flow from operating activities generated a net amount of 1,991,154 thousand RMB, a significant increase from 485,587 thousand RMB in the prior year[34] - Cash inflow from financing activities totaled 5,740,457 thousand RMB, compared to 3,093,050 thousand RMB in the previous period[36] - The company reported cash and cash equivalents at the end of the period amounting to 4,082,939 thousand RMB, down from 3,041,378 thousand RMB year-over-year[36] - The company experienced a net cash outflow from investing activities of 3,751,101 thousand RMB, compared to a net outflow of 669,506 thousand RMB in the previous year[34] Costs and Expenses - The total operating costs for the first three quarters of 2021 were CNY 28,758,515 thousand, compared to CNY 17,578,660 thousand in 2020, reflecting an increase of about 63.5%[25] - The increase in operating revenue was primarily driven by higher sales volume and price increases of commodity billets[9] - The net profit increase year-to-date was attributed to the same factors, along with cost reduction efforts[9] - The company reported research and development expenses of CNY 117,372 thousand for the first three quarters of 2021, indicating ongoing investment in innovation[25] Earnings Per Share - The basic earnings per share for Q3 2021 was RMB 0.020, a decrease of 28.57% compared to the same period last year[7] - Basic and diluted earnings per share were both 0.323 RMB, compared to 0.042 RMB in the previous year[31] - The weighted average return on equity was 0.80%, a decrease of 0.47 percentage points year-on-year[7]