Yulong Gold(SH:601028)2021-10-22 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥3,260,633,431.01, representing a decrease of 32.97% compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2021 was ¥106,502,767.42, an increase of 180.16% year-over-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥105,464,668.78, reflecting a year-over-year increase of 177.46%[7]. - Basic earnings per share for Q3 2021 was ¥0.1360, up 180.41% from the same period last year[10]. - Diluted earnings per share for Q3 2021 was also ¥0.1360, showing a 180.41% increase year-over-year[10]. - Total operating revenue for the first three quarters of 2021 was CNY 8,845,379,954.25, a decrease of 3.62% compared to CNY 9,177,906,394.98 in the same period of 2020[30]. - Net profit for the third quarter of 2021 was CNY 307,544,136.77, an increase of 220.56% compared to CNY 95,807,829.98 in the same quarter of 2020[34]. - The company reported a total comprehensive income of CNY 309,096,307.21 for the third quarter of 2021, compared to CNY 95,794,973.98 in the same quarter of 2020[34]. - The company’s retained earnings increased to CNY 674,472,867.42 from CNY 364,326,376.91 year-over-year[27]. Assets and Liabilities - Total assets at the end of Q3 2021 were ¥3,175,543,457.03, a decrease of 14.45% compared to the end of the previous year[10]. - The company's total current assets as of September 30, 2021, amount to ¥3,165,057,310.64, a decrease from ¥3,703,141,764.11 at the end of 2020[22]. - The total assets of the company are ¥3,175,543,457.03, down from ¥3,712,030,779.15 at the end of 2020[25]. - The company's total liabilities as of September 30, 2021, are ¥562,228,343.84, compared to ¥1,407,811,973.17 at the end of 2020[25]. - Total liabilities amounted to CNY 1,407,811,973.17, while total equity was CNY 2,613,315,113.19 as of the reporting date[27]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥211,664,627.45[10]. - Cash flow from operating activities for the first three quarters of 2021 was CNY 7,936,709,474.98, a decrease from CNY 9,536,483,392.24 in 2020[36]. - Net cash flow from operating activities was $211.66 million, a decrease from a negative $238.64 million in the previous period[38]. - Net cash flow from investing activities was negative $4.11 million, compared to a positive $3.05 million last year[38]. - Cash inflow from financing activities totaled $279.53 million, down from $299.99 million in the previous period[38]. - Net cash flow from financing activities was negative $5.09 million, a significant decrease from a positive $298.61 million last year[38]. - The net increase in cash and cash equivalents was $202.16 million, compared to $63.02 million in the previous period[38]. - The ending balance of cash and cash equivalents was $1.26 billion, up from $1.12 billion last year[38]. - Cash inflow from loans received was $279.53 million, compared to $180 million in the previous period[38]. - Cash outflow for debt repayment was $279.23 million, indicating a significant cash commitment[38]. - The company received $9.99 million from investment recoveries, an increase from $5.36 million last year[38]. - The impact of exchange rate changes on cash and cash equivalents was a decrease of $307,445.43[38]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,609[16]. - The largest shareholder, Jinan High-tech Holding Group Co., Ltd., holds 227,070,000 shares, accounting for 29.00% of total shares[16]. - The second-largest shareholder, Hainan Houai Technology Co., Ltd., holds 164,471,858 shares, representing 21.00% of total shares[16]. - The company has no significant related party transactions among the top shareholders[17]. - There are no significant financing or refinancing activities reported for the top ten shareholders[17]. Cost and Profitability - The company attributed the increase in profitability to enhanced product profitability and improved gross margins[12]. - Total operating costs for the first three quarters of 2021 were CNY 8,528,116,129.66, down 6.06% from CNY 9,077,963,517.60 in 2020[30]. - Financial expenses for the third quarter of 2021 were CNY 6,292,962.17, compared to a gain of CNY 6,862,660.65 in the same quarter of 2020[30]. - The weighted average return on equity increased by 2.59 percentage points to 4.36% for Q3 2021[10]. - Accounts receivable increased to ¥866,497,513.24 from ¥480,833,294.30 at the end of 2020[22]. - Cash and cash equivalents amount to ¥1,305,395,625.00, an increase from ¥1,103,239,282.33 at the end of 2020[22].