YouFa(SH:601686)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 20,379.9 million, representing a 46.69% increase compared to CNY 13,893.1 million in the same period last year[8]. - Net profit attributable to shareholders for Q3 2021 was CNY -20,199.89 million, a decrease of 108.59% from CNY 4,235.07 million in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -11,482.15 million, down 104.65% from CNY 246.69 million in the same period last year[8]. - The basic earnings per share for Q3 2021 was CNY -0.01, a decline of 105.26% compared to CNY 0.19 in the previous year[8]. - The diluted earnings per share for Q3 2021 was CNY -0.01, a decrease of 105.26% from CNY 0.19 in the same period last year[8]. - The weighted average return on equity for Q3 2021 was -0.32%, a decrease of 105.98 percentage points from 5.35% in the previous year[8]. - Net profit attributable to shareholders decreased by 47.77% year-to-date, primarily due to rising raw material prices and losses from new project construction[18]. - Basic earnings per share for the reporting period was -105.26 yuan, reflecting a decline in net profit and an increase in share capital since December 2020[21]. - Weighted average return on equity for the reporting period was -105.98%, attributed to the decline in net profit and increased share capital[21]. - The company reported a cash flow from operating activities net loss of -2,084,249,235.39 CNY, compared to -451,037,416.53 CNY in the previous period[44]. - Earnings per share (basic) decreased to 0.40 CNY from 0.87 CNY, reflecting a decline of approximately 54.6%[43]. - The total profit before tax decreased to 796,455,152.49 CNY from 1,546,030,042.82 CNY, a decline of approximately 48.5%[39]. Assets and Liabilities - Total assets at the end of Q3 2021 were CNY 15,438,389,937.46, reflecting a 30.35% increase from CNY 11,840,447,503.37 at the end of the previous year[8]. - Total assets increased by 30.35% due to the acquisition of subsidiaries and new project construction[21]. - Current assets totaled ¥10,292,297,619.27 as of September 30, 2021, up from ¥8,805,684,152.87 at the end of 2020, reflecting a growth of approximately 16.8%[30]. - Total liabilities were ¥8,346,561,552.47 as of September 30, 2021, compared to ¥4,998,164,184.15 in 2020, representing an increase of approximately 67.1%[34]. - Current liabilities reached ¥7,742,754,999.41 in Q3 2021, up from ¥4,844,126,207.55 in 2020, indicating a growth of about 59.4%[33]. - Non-current assets totaled ¥5,146,092,318.19 in Q3 2021, compared to ¥3,038,536,260.62 in 2020, reflecting a growth of about 69.5%[33]. - The total assets amounted to CNY 11,844,220,413.49, slightly down from CNY 11,856,902,092.07[52]. - Total current assets were CNY 8,805,684,152.87, remaining unchanged from the previous year[49]. - Total non-current assets reached CNY 3,038,536,260.62, compared to CNY 3,051,217,939.20 previously[52]. Cash Flow - The net cash flow from operating activities was CNY -2,084,249,235.39, a significant decline of 362.10% compared to CNY -450,293,009.37 in the previous year[8]. - Cash inflow from investment activities totaled CNY 4,601,511,411.28, a decrease from CNY 6,270,163,788.78 in the previous year[46]. - Net cash outflow from investment activities was CNY -946,674,183.27, compared to CNY -188,270,607.94 in the same period last year[46]. - Cash inflow from financing activities reached CNY 4,759,323,957.28, significantly higher than CNY 2,123,851,540.50 in the prior year[46]. - Net cash flow from financing activities was CNY 1,923,318,781.36, a substantial increase from CNY 11,239,559.05 in the previous year[46]. - The company's cash and cash equivalents decreased to ¥2,423,099,136.06 in Q3 2021 from ¥3,245,995,173.17 at the end of 2020, a decline of approximately 25.4%[30]. - The net increase in cash and cash equivalents was CNY -1,107,604,637.30, compared to CNY -628,067,349.75 in the previous year[46]. Shareholder Information - The company has 41,828 common shareholders at the end of the reporting period[22]. - Major shareholders include Li Maojin (19.14%), Xu Guangyou (6.69%), and Yin Jiuxiang (6.43%) among others[22]. - Total equity attributable to shareholders reached approximately $6.255 billion, remaining unchanged from the previous period[54]. - The company's retained earnings stood at approximately $2.774 billion, unchanged from the previous period[54]. - Minority interests were approximately $591.21 million, remaining stable compared to the previous period[54]. - The company's capital reserve was approximately $1.799 billion, unchanged from the previous period[54]. - The total equity of the company was approximately $6.846 billion, remaining consistent with the previous period[54]. - The company reported a total of approximately $1.412 billion in paid-in capital, unchanged from the previous period[54]. Operational Insights - The company does not have any significant new strategies or mergers and acquisitions to report for the period[27]. - There are no other important reminders regarding the company's operational situation during the reporting period[27]. - Revenue for the reporting period increased by 46.69% due to higher prices and increased sales volume[18]. - Total operating revenue for the first three quarters of 2021 reached ¥49,382,306,028.97, a significant increase from ¥34,900,423,941.05 in the same period of 2020, representing a growth of approximately 41.3%[36]. - Total operating costs for the first three quarters of 2021 were ¥48,454,566,207.50, compared to ¥33,270,904,410.23 in 2020, indicating an increase of about 45.5%[36]. - Inventory increased to ¥4,826,241,185.48 in Q3 2021, compared to ¥2,766,643,999.23 in Q4 2020, marking a rise of about 74.2%[30]. - The company experienced a significant increase in sales expenses, which rose to 101,745,385.85 CNY from 86,290,283.27 CNY, an increase of about 17.5%[39]. - Research and development expenses increased to 2,792,271.13 CNY from 2,516,698.06 CNY, representing a rise of approximately 10.9%[39]. - Financial expenses rose to 71,871,936.40 CNY from 51,994,710.58 CNY, marking an increase of about 38.3%[39]. - The company reported a decrease in investment income, with losses of -37,672,770.10 CNY compared to -16,619,258.38 CNY in the previous period[39].