MCC(SH:601618)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was RMB 98,484,499, representing a year-on-year increase of 12.67%[4] - The net profit attributable to shareholders for the same period was RMB 1,190,800, reflecting a growth of 17.27% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached RMB 1,135,640, an increase of 23.06% year-on-year[4] - The total profit for the year-to-date increased by 36.67%, attributed to the company's active market expansion efforts[7] - The net profit attributable to the parent company shareholders for Q3 2021 was 6,128,220 thousand RMB, an increase from 4,607,358 thousand RMB in Q3 2020, representing a growth of approximately 32.8%[19] - The total profit for Q3 2021 reached 10,589,213 thousand RMB, compared to 7,747,828 thousand RMB in the same period last year, marking an increase of about 36.3%[19] - The net profit attributable to shareholders for the first three quarters of 2021 was RMB 36.56 billion, compared to RMB 32.46 billion in the same period of 2020, reflecting a growth of 12.92%[15] Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 576,421,078, marking a 13.83% increase from the end of the previous year[5] - The company's total assets as of September 30, 2021, were RMB 576.42 billion, up from RMB 506.39 billion at the end of 2020[15] - The total liabilities of the company as of September 30, 2021, were RMB 425.01 billion, compared to RMB 366.04 billion at the end of 2020[15] - The company's equity attributable to shareholders was RMB 107,838,081, which is a 10.16% increase compared to the previous year[5] Cash Flow - The company reported a net cash flow from financing activities that decreased by 99.45% year-to-date, indicating reduced cash outflow from financing activities[7] - The net cash flow from operating activities for the first three quarters of 2021 was -2,035,781 thousand RMB, a decline from 1,154,638 thousand RMB in the previous year[20] - The company reported a net cash inflow from financing activities of 12,421,378 thousand RMB in Q3 2021, compared to 6,227,960 thousand RMB in Q3 2020, showing a significant increase of approximately 99.0%[21] - Cash and cash equivalents at the end of Q3 2021 amounted to 43,049,347 thousand RMB, compared to 33,609,039 thousand RMB at the end of Q3 2020, indicating a year-over-year increase of about 28.0%[21] - The company's cash and cash equivalents increased to RMB 55.40 billion as of September 30, 2021, compared to RMB 53.10 billion at the end of 2020[13] Research and Development - Research and development expenses increased by 35.36% year-to-date, indicating a significant investment in innovation[7] - Research and development expenses for the first three quarters of 2021 were RMB 9.92 billion, an increase from RMB 7.33 billion in the same period of 2020[16] Market Activity - The total revenue for the first three quarters of 2021 reached RMB 349.49 billion, a 30.38% increase compared to RMB 267.97 billion in the same period of 2020[16] - The total new contracts signed in the first three quarters of 2021 amounted to RMB 877.06 billion, representing a year-on-year growth of 25.13%[12] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[12] Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose to RMB 79.46 billion as of September 30, 2021, compared to RMB 69.44 billion at the end of 2020[14] - The company's inventory as of September 30, 2021, was RMB 64.91 billion, an increase from RMB 60.58 billion at the end of 2020[14] Other Financial Metrics - The weighted average return on net assets for the reporting period was 1.15%, a decrease of 0.38 percentage points compared to the previous year[5] - The total comprehensive income for Q3 2021 was 8,355,014 thousand RMB, up from 5,614,345 thousand RMB in Q3 2020, reflecting an increase of approximately 48.9%[19] - The company's operating profit for Q3 2021 was 10,433,019 thousand RMB, an increase from 7,501,611 thousand RMB in Q3 2020, reflecting a growth of approximately 39.0%[19] - The company reported a decrease in credit impairment losses to -1,925,743 thousand RMB in Q3 2021, down from -2,075,953 thousand RMB in Q3 2020, indicating an improvement in credit quality[19]