Jiaze Renewables(SH:601619)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥374,579,374.86, representing a year-on-year increase of 37.03%[6]. - The net profit attributable to shareholders for Q3 2021 was ¥154,523,718.68, reflecting a significant increase of 107.37% compared to the same period last year[6]. - The basic earnings per share for Q3 2021 was ¥0.0674, an increase of 87.74% year-on-year[8]. - Total revenue for the first three quarters of 2021 reached ¥1,086,548,108.63, a significant increase from ¥800,115,938.94 in the same period of 2020, representing a growth of approximately 35.8%[36]. - The net profit for the period reached 407,747,619.53 CNY, a significant increase compared to 192,945,562.13 CNY from the previous year, representing a growth of approximately 111.1%[39]. - Operating profit amounted to 438,751,440.10 CNY, up from 210,960,751.65 CNY, indicating an increase of about 108% year-over-year[39]. - The total comprehensive income for the period was 407,747,619.53 CNY, compared to 192,945,562.13 CNY in the same period last year, reflecting a growth of around 111.1%[41]. - Basic earnings per share were reported at 0.1892 CNY, compared to 0.0930 CNY in the previous year, marking an increase of approximately 103.5%[41]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥13,553,646,111.76, which is a 10.83% increase from the end of the previous year[8]. - The total liabilities of the company were reported at ¥8,722,723,487.96, compared to ¥8,564,799,653.37 in the previous year, showing an increase of about 1.8%[34]. - The equity attributable to shareholders increased by 31.85% year-on-year, reaching ¥4,831,094,898.61[8]. - The company's total assets as of the reporting date were ¥13,553,646,111.76, up from ¥12,228,811,441.20, reflecting a growth of approximately 10.8%[36]. - The total equity attributable to shareholders was 3,664,011,848.79 RMB, showing stability in shareholder value[56]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥392,091,433.15, showing a decrease of 4.30% compared to the previous year[8]. - Cash flow from operating activities generated a net amount of 392,091,433.15 CNY, slightly down from 409,695,155.72 CNY in the prior year[45]. - The net cash flow from investing activities was 202,879,720.14 RMB, a significant improvement from -1,502,639,638.03 RMB in the previous period[47]. - Total cash inflow from financing activities amounted to 1,392,313,942.00 RMB, down from 2,051,502,241.30 RMB[47]. - The net cash flow from financing activities was -414,002,179.85 RMB, compared to a positive 1,201,232,103.20 RMB in the prior period[47]. - The ending balance of cash and cash equivalents increased to 387,212,656.41 RMB from 231,140,319.28 RMB[47]. - As of September 30, 2021, the company's cash and cash equivalents amounted to RMB 491.44 million, an increase from RMB 309.48 million as of December 31, 2020[27]. Investments and Expansion - The company confirmed that the increase in revenue was primarily due to the commencement of new projects and improved average wind speeds in the region[12]. - The company plans to continue expanding its market presence and investing in new projects to sustain growth[12]. - The company signed agreements to transfer 100% equity of its wholly-owned subsidiaries, Ningxia Kaiyang New Energy Co., Ltd. and Ningxia Boyang New Energy Co., Ltd., to Beijing Jingneng Clean Energy Power Co., Ltd. for a total consideration of RMB 380.64 million and RMB 1.0724 billion respectively[20]. - The company plans to transfer 25% equity of Ningxia Jialong New Energy Operation Management Co., Ltd. to GLP Renewable Energy Investment II Limited for RMB 150 million, with the process currently underway[21]. - The company established a wind energy development industry fund with a target subscription amount of RMB 1.6 billion, involving multiple partners including CR Fund Management and China Power Construction Group[21]. - The company invested RMB 1.12471 billion to acquire a 39.9115% partnership interest in Ningxia Ningbo Industrial Investment Fund, with a corresponding paid-in capital of RMB 861.49 million[24]. Research and Development - The company has a strong focus on research and development, with R&D expenses reported at ¥249,728,515.72, compared to ¥207,870,528.60 in the previous year, reflecting an increase of about 20%[36]. - The company is focusing on expanding its market presence and enhancing product development strategies[49].