Sanmei(SH:603379)2021-10-28 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥970,725,417.73, representing a year-over-year increase of 36.27%[4] - Net profit attributable to shareholders for the same period was ¥101,488,730.50, a significant increase of 150.80% compared to the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥87,528,728.04, reflecting a substantial increase of 276.33% year-over-year[4] - The basic earnings per share for Q3 2021 was ¥0.17, an increase of 142.86% year-over-year[4] - Net profit for Q3 2021 was RMB 242,980,284.85, representing an increase of 14.0% compared to RMB 213,000,190.05 in Q3 2020[17] - The total profit for Q3 2021 was RMB 329,920,305.92, an increase from RMB 284,396,134.47 in Q3 2020[17] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,856,212,944.67, up 9.15% from the end of the previous year[5] - The total liabilities of the company reached CNY 693,445,220.20, compared to CNY 383,308,040.78, which is an increase of approximately 81.1%[14] - The company's equity attributable to shareholders increased to CNY 5,162,767,724.47 from CNY 4,982,218,202.57, reflecting a growth of about 3.6%[15] - As of September 30, 2021, the total assets of the company amounted to CNY 5,856,212,944.67, an increase from CNY 5,365,526,243.35 at the end of 2020, representing a growth of approximately 9.14%[15] Cash Flow - The company reported a net cash flow from operating activities of ¥222,239,854.47, which decreased by 52.69% compared to the same period last year[4] - Cash inflow from operating activities totaled RMB 2,005,464,806.11 for the first three quarters of 2021, compared to RMB 1,870,568,710.95 in the same period of 2020[19] - Total cash inflow from operating activities was $1,783,224,951.64, an increase of 27.3% from $1,400,778,976.28 in the previous year[20] - Cash and cash equivalents decreased to CNY 1,481,016,859.77 from CNY 2,485,422,534.92, reflecting a decline of about 40.4% year-over-year[12] - Cash and cash equivalents at the end of the period totaled $1,432,451,656.62, down from $2,521,900,145.96 at the end of the previous year[21] Expenses - Total operating costs increased to RMB 2,398,628,857.26, up 27.0% from RMB 1,889,713,696.95 year-over-year[16] - Research and development expenses for the first three quarters of 2021 were RMB 19,955,443.97, slightly up from RMB 18,150,806.56 in the previous year[16] - Sales expenses decreased significantly to RMB 41,046,965.62 from RMB 133,893,635.43 year-over-year, indicating improved cost management[16] - Cash paid for taxes amounted to $83,921,603.78, a decrease of 20.0% compared to $104,898,522.84 in the same period last year[20] - Cash paid to employees increased to $144,910,222.51, up from $134,914,079.33, reflecting a growth of 7.4%[20] Market and Operations - The increase in revenue and profit was primarily driven by rising product sales prices[7] - The company noted potential impacts from the implementation of HFCs reduction plans under the Montreal Protocol, which could significantly affect its operations[10] - The company has not reported any new product developments or market expansions in this quarter[10] - The company aims to continue expanding its market presence and investing in new technologies to drive future growth[18] Non-Recurring Items - Non-recurring gains for the period totaled ¥13,960,002.46, with significant contributions from fair value changes of financial assets[6] - The company reported a financial income of RMB 7,639,692.12 in Q3 2021, a notable improvement from a financial expense of RMB 18,958,647.52 in Q3 2020[16]