BNMC(SH:601011)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,012,592,275.24, representing a year-on-year increase of 76.15%[3] - Net profit attributable to shareholders for the same period was ¥42,257,293.64, a significant increase of 1,463.57% compared to the previous year[3] - The basic earnings per share for Q3 2021 was ¥0.03, reflecting an increase of 1,664.71% year-on-year[3] - Total operating revenue for the first three quarters of 2021 reached ¥2,595,425,033.27, a significant increase of 49.5% compared to ¥1,737,797,815.71 in the same period of 2020[17] - In Q3 2021, the company's net profit reached CNY 107,524,859.68, a significant increase from CNY 13,093,191.14 in Q3 2020, representing a growth of approximately 720%[18] - The company reported a total profit of CNY 158,055,418.25 in Q3 2021, compared to CNY 19,495,510.22 in Q3 2020, marking an increase of around 708%[18] - The basic earnings per share for Q3 2021 was CNY 0.08, compared to CNY 0.01 in Q3 2020, representing an increase of 700%[19] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥11,758,183,842.26, showing a growth of 6.02% from the end of the previous year[4] - The total liabilities increased to ¥4,847,814,220.43 from ¥4,215,663,023.83, indicating a growth of 15% year-over-year[14] - The company's inventory as of September 30, 2021, was ¥1,040,511,262.93, down 11.6% from ¥1,177,854,304.97 a year earlier[13] - The long-term equity investments rose to ¥35,333,258.48, compared to ¥30,273,681.26 in the same period last year, marking an increase of 16.8%[13] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥387,467,093.57, marking a 135.72% increase compared to the same period last year[3] - Net cash flow from operating activities increased by 135.72% year-on-year, mainly due to rising prices of major products[7] - The net cash flow from operating activities for the first nine months of 2021 was CNY 387,467,093.57, up from CNY 164,373,493.38 in the previous year, reflecting a growth of approximately 135%[21] - The cash and cash equivalents at the end of Q3 2021 were CNY 119,856,819.61, a decrease from CNY 220,647,391.94 at the end of Q3 2020[22] - The company incurred a net cash outflow from investing activities of CNY 208,263,683.30 in the first nine months of 2021, compared to a net outflow of CNY 131,061,733.27 in the same period of 2020[22] - The total cash inflow from financing activities in Q3 2021 was CNY 929,560,698.97, down from CNY 1,202,446,164.33 in Q3 2020[22] - The company reported a decrease in the net cash flow from financing activities, which was -CNY 179,417,966.67 in the first nine months of 2021, compared to a positive flow of CNY 42,459,241.19 in the same period of 2020[22] Operating Costs and Expenses - Operating revenue increased by 49.35% compared to the same period last year, primarily due to increased sales volume and price of coke and coal[7] - Operating costs rose by 49.24% year-on-year, mainly due to higher costs associated with coke and coal production[7] - Tax and additional fees increased by 81.57% year-on-year, driven by higher sales volume and increased value-added tax[7] - Financial expenses surged by 281.22% compared to the previous year, attributed to increased bond interest and discount interest expenses[7] - Research and development expenses for the first three quarters of 2021 were ¥9,689,111.63, slightly up from ¥9,498,203.37 in 2020[17] Future Plans and Investments - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1] - The company plans to increase capital for its wholly-owned subsidiary, Jixi Baotailong Investment Co., Ltd., which has been approved by the board[10] - The company plans to expand its market presence and invest in new product development to drive future growth[17] Legal Matters - The company is currently involved in a civil lawsuit with Jiangsu Nanda Environmental Technology Co., Ltd., with a judgment pending appeal[10] Other Financial Metrics - Non-recurring gains and losses for Q3 2021 totaled ¥549,384.12, with a year-to-date total of ¥4,252,997.80[6] - The company reported a net profit margin improvement, with net profit for the first three quarters showing a positive trend compared to the previous year[17] - Long-term borrowings increased by 52.74% as a result of new bank loans for working capital[6] - Long-term payables increased by 782.24% due to the acquisition of mining rights for Donghui Coal Mine and Hengshan Coal Mine[7] - The total number of ordinary shareholders at the end of the reporting period was 105,066[9]