Baosteelpackage(SH:601968)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,766,083,017.99, representing a year-on-year increase of 9.82%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 51,382,696.51, showing a decrease of 14.50% compared to the same period last year[5] - The basic earnings per share for Q3 2021 was CNY 0.05, down 28.57% year-on-year[7] - The company reported a net profit margin improvement, with retained earnings increasing to RMB 716,125,016.14 from RMB 592,672,364.74 in the previous year[15] - The company's net profit for Q3 2021 reached CNY 221,867,630.03, an increase of 12.4% compared to CNY 197,410,973.63 in Q3 2020[17] - Total revenue for the first three quarters of 2021 was CNY 5,093,438,846.77, up from CNY 4,506,872,426.44 in the same period of 2020, representing a growth of 13.0%[18] - Operating profit for Q3 2021 was CNY 268,512,038.79, compared to CNY 253,989,544.57 in Q3 2020, reflecting a year-over-year increase of 5.7%[17] - Total comprehensive income for Q3 2021 was CNY 218,082,528.95, compared to CNY 172,927,539.28 in Q3 2020, marking an increase of 26.1%[18] Assets and Liabilities - The total assets at the end of Q3 2021 reached CNY 7,969,613,459.79, an increase of 23.41% from the end of the previous year[7] - Total assets amounted to $6,457,755,509.43, with a slight increase of $7,650,906.43 compared to the previous period[22] - Total liabilities reached RMB 4,194,187,821.34, compared to RMB 2,824,607,807.38 at the end of 2020, marking an increase of approximately 48.5%[15] - The company’s total liabilities decreased to CNY 3,000,000,000.00 as of Q3 2021, compared to CNY 3,500,000,000.00 in Q3 2020, a reduction of 14.3%[20] - Current liabilities were reported at $2,549,068,577.35, with a minor increase of $2,502,934.18 compared to the last period[22] - Non-current liabilities totaled $275,539,230.03, showing an increase of $5,147,972.25 from the previous reporting period[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 30,956[11] - The largest shareholder, Baosteel Metal Co., Ltd., held 41.52% of the shares, totaling 470,368,593 shares[11] - The company's equity attributable to shareholders was RMB 3,545,632,986.75, up from RMB 2,355,034,976.53 at the end of 2020, reflecting a growth of about 50.6%[15] - Shareholders' equity totaled $3,633,147,702.05, remaining unchanged from the previous period[22] Cash Flow and Investments - The cash flow from operating activities for the year-to-date period was CNY 538,863,057.04, reflecting a year-on-year increase of 19.20%[7] - Cash flow from operating activities for the first three quarters of 2021 was CNY 538,863,057.04, compared to CNY 452,062,827.52 in the same period of 2020, indicating a growth of 19.2%[19] - The company plans to continue investing in new technologies and market expansion to drive future growth[19] Research and Development - The company incurred research and development expenses of CNY 42,349,045.67 in Q3 2021, down from CNY 70,080,423.52 in Q3 2020, a decrease of 39.7%[17] Inventory and Current Assets - Current assets totaled RMB 4,011,259,281.41 as of September 30, 2021, compared to RMB 3,189,402,876.89 at the end of 2020, indicating an increase of about 25.8%[14] - Inventory as of September 30, 2021, was RMB 957,251,280.12, compared to RMB 696,307,576.03 at the end of 2020, indicating an increase of approximately 37.5%[14] - The company's cash and cash equivalents stood at RMB 798,473,240.22, up from RMB 704,933,098.60 at the end of 2020, representing an increase of approximately 13.3%[14] - The company’s cash and cash equivalents at the end of Q3 2021 amounted to CNY 798,120,374.18, down from CNY 971,473,329.70 at the end of Q3 2020[19] Government Subsidies - The company reported a government subsidy of CNY 2,218,930.03 for the current period, contributing to its financial performance[8]