CNCEC(SH:601117)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was RMB 34,071,091,886.93, representing a year-on-year increase of 15.46%[4] - The net profit attributable to shareholders for Q3 2021 was RMB 965,981,201.42, a decrease of 27.33% compared to the same period last year[4] - The basic earnings per share for Q3 2021 was RMB 0.18, down 33.33% year-on-year[5] - The company achieved operating revenue of 89.986 billion RMB in Q3 2021, representing a year-on-year growth of 36.27%[14] - Total revenue for the first three quarters of 2021 reached ¥90.49 billion, a 36.2% increase from ¥66.46 billion in the same period of 2020[23] - Operating income for the first three quarters of 2021 was ¥89.99 billion, compared to ¥66.04 billion in 2020, reflecting a growth of 36.2%[23] - Net profit for the first three quarters of 2021 amounted to ¥3.77 billion, up from ¥3.26 billion in 2020, indicating a 15.5% increase[23] - Net profit for the first three quarters of 2021 reached ¥3,124,785,234.20, an increase of 13.3% compared to ¥2,758,482,936.80 in the same period of 2020[24] - Total comprehensive income for the first three quarters was ¥3,125,420,748.39, compared to ¥2,696,407,196.19 in the same period of 2020, marking an increase of 15.9%[24] Assets and Liabilities - Total assets at the end of Q3 2021 reached RMB 162,894,270,880.79, an increase of 19.77% compared to the end of the previous year[5] - Total assets increased to ¥162.89 billion from ¥136.01 billion, marking a rise of 19.7% year-over-year[21] - Non-current assets totaled ¥34.63 billion as of September 30, 2021, compared to ¥30.08 billion at the end of 2020, representing a growth of 15.5%[21] - Current liabilities rose to ¥101.27 billion, up from ¥87.77 billion, reflecting a 15.4% increase[21] - Total liabilities reached ¥95,333,668,649.89, an increase of ¥49,504,510.99 from the previous total[30] - Current liabilities totaled ¥87,782,929,332.04, reflecting an increase of ¥8,759,489.49[29] Shareholder Equity - The equity attributable to shareholders increased by 31.49% year-on-year, amounting to RMB 49,519,991,017.46[5] - The company's equity attributable to shareholders reached ¥49.52 billion, compared to ¥37.66 billion in 2020, a growth of 31.5%[21] - Total equity stood at ¥40,723,988,284.80, unchanged from the previous period[30] Cash Flow - The company experienced a net cash flow from operating activities of RMB -4,065,712,967.70 for the year-to-date period[4] - Cash flow from operating activities showed a net outflow of ¥4,065,712,967.70, contrasting with a net inflow of ¥1,061,594,247.76 in the first three quarters of 2020[25] - Cash and cash equivalents as of September 30, 2021, amounted to 40.72 billion RMB, up from 38.87 billion RMB at the end of 2020[18] - Cash and cash equivalents at the end of the period totaled ¥38,401,505,691.84, an increase from ¥31,531,149,919.55 at the end of the same period in 2020[26] - The company’s cash and cash equivalents decreased to ¥178.13 million from ¥319.39 million, a decline of 44.2%[21] Contracts and Projects - New contract value signed reached 172.33 billion RMB, an increase of 17.29% compared to the same period last year, with domestic contracts accounting for 161.125 billion RMB and overseas contracts 11.205 billion RMB[14] - The company reported a significant increase in operating revenue due to enhanced project development efforts and successful execution of major projects, including the Baltic Sea project in Russia[7] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥2.77 billion, an increase from ¥2.22 billion in 2020, showing a growth of 24.8%[23] - The company has made significant breakthroughs in key core technologies, including the development of adiponitrile and new materials such as nylon and aerogel composites, which are set to be put into production soon[14] Strategic Initiatives - The company is focusing on becoming a world-class engineering company by enhancing its core competitiveness in the chemical engineering sector[16] - The company is actively pursuing green development strategies, including carbon capture and utilization technologies, to support national carbon reduction goals[15] Other Financial Metrics - The company received government subsidies amounting to RMB 64,478,681.96 during the reporting period[6] - The total number of ordinary shareholders at the end of the reporting period was 99,529[8] - The asset-liability ratio is maintained at a reasonable level, ensuring risk control during expansion[15] - The company successfully completed a non-public offering of shares worth 10 billion RMB, enhancing its capital strength for long-term strategic development[15] - Inventory increased to 7.23 billion RMB from 4.20 billion RMB year-on-year, indicating growth in operational scale[18]