JYT(SH:601908)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,431,016,761.37, representing an increase of 11.91% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥252,011,534.09, reflecting a growth of 34.55% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥210,809,323.15, up by 5.33% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2021 reached ¥3,781,913,442.58, a 26.1% increase from ¥2,999,004,521.17 in the same period of 2020[28]. - Net profit for the first three quarters of 2021 was ¥744,610,421.01, representing a 79.7% increase compared to ¥414,310,466.43 in 2020[32]. - Operating profit for the first three quarters of 2021 was ¥894,572,600.98, up 96.0% from ¥457,102,148.62 in the same period last year[32]. - Total comprehensive income for the first three quarters of 2021 was ¥744,610,421.01, compared to ¥414,310,466.43 in the previous year, indicating strong overall performance[35]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥20,574,288,631.92, an increase of 21.96% from the end of the previous year[9]. - As of September 30, 2021, total assets reached RMB 20.57 billion, an increase from RMB 16.87 billion in December 2020, representing a growth of approximately 22.5%[24]. - The company's total liabilities amounted to RMB 9.87 billion, compared to RMB 9.17 billion in the previous year, indicating an increase of about 7.6%[24]. - The total assets increased to approximately $17.13 billion, up by $255.7 million from the previous period, indicating growth in the company's asset base[51]. - The total liabilities amounted to $9.43 billion, reflecting an increase of $255.7 million, which may impact the company's leverage ratios[51]. Equity and Earnings - The equity attributable to shareholders increased to ¥10,656,464,464.17, marking a 40.58% rise year-over-year[9]. - The total equity attributable to shareholders was RMB 10.66 billion, up from RMB 7.58 billion, reflecting a growth of approximately 40.5%[26]. - Basic earnings per share for Q3 2021 was ¥0.10, an increase of 11.11% compared to the same period last year[6]. - The diluted earnings per share also stood at ¥0.10, reflecting the same growth of 11.11% year-over-year[6]. - Basic earnings per share for the first three quarters of 2021 were ¥0.32, compared to ¥0.21 in the same period last year, reflecting improved profitability[35]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥514,752,586.02, showing a significant increase of 189.32%[6]. - Cash flow from operating activities for the first three quarters of 2021 was ¥514,752,586.02, compared to ¥177,919,931.28 in the same period of 2020, showing improved cash generation[40]. - Cash inflow from investment activities totaled ¥1,617,445,317.45 in the first three quarters of 2021, up from ¥973,657,730.38 in 2020[40]. - Total cash inflow from financing activities reached $7.69 billion, significantly up from $2.60 billion in the prior period, reflecting increased capital raising efforts[43]. - Net cash flow from financing activities was $3.38 billion, a substantial improvement from a negative $136.6 million in the previous period, showcasing enhanced financial stability[43]. Operational Insights - The company attributed the increase in net profit primarily to the growth in sales revenue and gross margin of its silicon wafer business[10]. - The company reported a significant increase in sales revenue from services, with cash received from sales reaching ¥1,433,951,228.62, up from ¥1,165,352,611.99 in 2020[40]. - The company plans to expand its market presence and invest in new product development to drive future growth[27]. - The company is actively exploring potential mergers and acquisitions to enhance its competitive position in the market[27]. Cost and Expenses - Total operating costs increased to ¥2,976,303,814.78, up 16.8% from ¥2,547,746,001.83 in the previous year[28]. - Research and development expenses for the first three quarters of 2021 were ¥180,785,074.64, significantly higher than ¥100,001,276.52 in 2020, indicating increased investment in innovation[32]. Inventory and Receivables - Cash and cash equivalents stood at RMB 3.61 billion, significantly higher than RMB 575.08 million in the previous year, marking an increase of around 526.5%[21]. - Accounts receivable increased to RMB 2.49 billion from RMB 2.18 billion, showing a growth of approximately 14.2%[21]. - Inventory levels rose to RMB 1.30 billion, compared to RMB 593.44 million, representing an increase of about 118.5%[21]. - Short-term borrowings increased to RMB 1.22 billion from RMB 809.05 million, indicating a rise of approximately 50.9%[24]. - The company’s inventory was reported at $593.4 million, remaining consistent, which may reflect effective inventory management[47]. - The company’s total current assets were approximately $4.29 billion, showing a slight decrease of $7.1 million from the previous period, indicating a need for monitoring current asset management[47].