八方股份(603489) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 reached ¥666,510,985.68, representing a year-over-year increase of 68.59%[5] - The net profit attributable to shareholders for the first nine months of 2021 was ¥434,044,058.61, reflecting a 41.72% increase compared to the same period last year[5] - The basic earnings per share for the first nine months of 2021 was ¥3.61, an increase of 41.57% year-over-year[9] - Total operating revenue for the first three quarters of 2021 reached ¥1,898,302,602.14, a significant increase from ¥969,638,889.14 in the same period of 2020, representing a growth of approximately 96.0%[29] - Net profit for the third quarter of 2021 was ¥434,044,058.61, up from ¥306,263,800.37 in the same quarter of 2020, reflecting a growth of approximately 41.6%[33] - The total comprehensive income for the third quarter of 2021 was ¥430,897,296.12, compared to ¥305,103,143.16 in the same quarter of 2020, reflecting an increase of approximately 41.1%[33] - The net profit margin for the third quarter of 2021 was approximately 22.8%, compared to 24.0% in the same quarter of 2020, indicating a slight decrease in profitability[33] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥3,257,436,085.01, which is a 14.27% increase from the end of the previous year[9] - As of September 30, 2021, the company's total assets amounted to RMB 3,257,436,085.01, an increase from RMB 2,850,633,261.36 as of December 31, 2020, representing a growth of approximately 14.2%[20] - The company's current assets totaled RMB 2,746,643,453.49, compared to RMB 2,579,419,021.75 at the end of 2020, indicating an increase of about 6.5%[20] - Total liabilities amounted to ¥754,181,699.16, an increase from ¥547,745,131.85 in the previous period, showing a rise of about 37.7%[29] - The total equity attributable to shareholders reached ¥2,503,254,385.85, compared to ¥2,302,888,129.51 in the previous year, marking an increase of approximately 8.7%[29] - Total current liabilities increased to RMB 688,471,388.55 from RMB 515,311,921.41, representing a rise of approximately 33.6%[24] - The company reported a capital reserve of ¥1,401,651,006.34 and undistributed profits of ¥719,501,731.10[46] Cash Flow - The net cash flow from operating activities for the first nine months of 2021 decreased by 64.63% to ¥75,903,315.77, primarily due to increased accounts receivable and payables[5] - Operating cash inflow for the first three quarters of 2021 was 1,454,090,055.51 CNY, up from 957,599,787.85 CNY in 2020, representing a growth of approximately 52%[35] - Cash inflow from investment activities totaled 490,169,726.40 CNY, down from 1,799,221,684.67 CNY in 2020, indicating a decline of about 73%[37] - Net cash flow from investment activities was -541,475,548.01 CNY, contrasting with a positive flow of 468,124,711.54 CNY in the previous year[37] - Cash outflow from financing activities was 240,629,910.00 CNY, compared to 121,050,000.00 CNY in 2020, reflecting an increase of approximately 99%[37] - The ending cash and cash equivalents balance was 1,153,159,061.90 CNY, down from 1,348,796,035.84 CNY year-over-year[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,467[13] - The largest shareholder, Wang Qinghua, holds 40.39% of the company's shares, totaling 48,600,000 shares[13] Operational Developments - The company completed the relocation of its new factory in September 2021, with normal operations currently ongoing[16] - The company has not provided specific guidance for future performance in this report[18] Research and Development - Research and development expenses for the third quarter of 2021 were ¥39,697,968.30, compared to ¥26,084,256.96 in the same quarter of 2020, representing an increase of about 52.3%[29] Financial Standards and Compliance - The company adopted new leasing standards effective January 1, 2021, impacting financial statement adjustments[46] - The company’s financial statements reflect compliance with the revised accounting standards issued by the Ministry of Finance[46]