QIANHE(SH:603027)2021-10-27 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥469,913,278.35, representing an increase of 11.08% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was ¥66,091,981.05, showing a decrease of 1.17% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥65,657,002.15, down 0.69% from the previous year[7]. - The basic earnings per share for Q3 2021 was ¥0.0827, a decrease of 17.55% compared to the same period last year[9]. - The diluted earnings per share for Q3 2021 was also ¥0.0827, reflecting a decline of 17.63% year-on-year[9]. - The weighted average return on equity for Q3 2021 was 3.38%, a decrease of 0.1 percentage points compared to the previous year[9]. - Total operating revenue for the first three quarters of 2021 reached ¥1,355,565,366.72, an increase of 10.9% compared to ¥1,222,242,049.51 in the same period of 2020[32]. - Net profit for the first three quarters of 2021 was ¥131,904,809.33, a decrease of 41.0% from ¥223,911,545.07 in the same period of 2020[37]. - Basic earnings per share for the first three quarters of 2021 were ¥0.1651, down from ¥0.3387 in the same period of 2020[37]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥2,306,126,707.95, an increase of 5.52% from the end of the previous year[9]. - The equity attributable to shareholders at the end of Q3 2021 was ¥1,969,425,152.51, up 3.77% from the previous year[9]. - The total current assets as of September 30, 2021, are 1.07 billion RMB, slightly up from 1.06 billion RMB at the end of 2020[27]. - The total assets as of September 30, 2021, stand at 2.31 billion RMB, compared to 2.19 billion RMB at the end of 2020, indicating an increase of about 5%[27]. - Non-current assets total 1.24 billion RMB, up from 1.12 billion RMB at the end of 2020, marking an increase of approximately 10%[27]. - Total liabilities increased to ¥336,701,555.44 in 2021 from ¥287,583,201.48 in 2020, representing a growth of 17.1%[29]. - The company reported a financial income of ¥8,584,382.72 for the first three quarters of 2021, compared to ¥5,387,913.80 in the same period of 2020, reflecting a growth of 59.0%[32]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥143,304,666.65, down 51.78% compared to the same period last year[10]. - Cash inflow from operating activities for the first three quarters of 2021 was ¥1,544,273,283.52, compared to ¥1,429,435,819.57 in the same period of 2020, reflecting a growth of 8.0%[39]. - Cash flow from operating activities net amount was 143,304,666.65, a decrease of 51.9% compared to 297,188,815.67 from the previous period[40]. - Cash inflow from investment activities totaled 590,343,036.56, down 20.1% from 738,622,461.90 in the prior period[40]. - Cash outflow from investment activities was 700,973,415.56, a decrease of 29.0% compared to 987,236,210.98 previously[40]. - Net cash flow from financing activities was -62,033,771.15, compared to -67,991,688.93 in the previous period[42]. - The ending balance of cash and cash equivalents was 88,103,807.24, an increase from 66,646,039.24 in the prior period[42]. - Current cash and cash equivalents amount to 88.10 million RMB, down from 117.46 million RMB at the end of 2020, representing a decrease of approximately 25%[23]. Investments and Projects - The total investment for the "annual production of 600,000 tons of seasoning intelligent manufacturing project" is 1.26 billion RMB, with a construction period from January 2020 to December 2024[21]. - As of September 30, 2021, the cumulative investment in the project has reached 214.57 million RMB[21]. - The company’s long-term investments in construction projects have increased to 290.41 million RMB from 140.30 million RMB, reflecting a growth of over 106%[27]. Expenses - The company attributed the decline in net profit to increased advertising and promotional expenses[16]. - Total operating costs for the first three quarters of 2021 were ¥1,201,249,264.37, up 24.4% from ¥966,046,702.08 in the previous year[32]. - Research and development expenses for the first three quarters of 2021 amounted to ¥35,929,809.22, an increase from ¥33,936,839.95 in the previous year[32]. - Total cash outflow for employee payments was 178,606,582.35, an increase of 18.9% from 150,233,182.90[40]. - Total cash outflow for other operating activities was 242,135,102.55, up 42.4% from 169,829,371.39[40]. Inventory and Payables - Inventory has increased to 504.88 million RMB from 395.05 million RMB at the end of 2020, reflecting a growth of approximately 28%[23]. - Accounts payable have risen to 90.27 million RMB from 71.61 million RMB at the end of 2020, which is an increase of about 26%[27]. - The company has reported a significant increase in contract liabilities, rising to 43.54 million RMB from 20.38 million RMB, which is an increase of approximately 114%[27].