Kings(SH:603505)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥227,236,653.59, a decrease of 3.40% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2021 was ¥69,443,981.08, down 10.13% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,733,732.57, a decrease of 7.39% compared to the previous year[6] - The weighted average return on equity for Q3 2021 was 5.80%, a decrease of 2.01 percentage points year-on-year[7] - Total operating revenue for the first three quarters of 2021 reached ¥643,929,450.14, an increase of 15.2% compared to ¥559,033,037.36 in the same period of 2020[21] - Net profit for the third quarter of 2021 was ¥174,458,216.98, slightly up from ¥173,469,746.73 in the same quarter of 2020, indicating a growth of 0.57%[24] - The total comprehensive income for the third quarter of 2021 was ¥174,458,216.98, slightly higher than ¥173,469,746.73 in the same quarter of 2020, indicating a growth of 0.57%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,978,282,149.68, an increase of 0.69% from the end of the previous year[7] - The equity attributable to shareholders at the end of the reporting period was ¥1,219,325,052.29, reflecting a year-on-year increase of 12.74%[7] - The total liabilities of the company as of September 30, 2021, were RMB 606,966,825.87, down from RMB 617,315,588.25, reflecting a decrease of approximately 1.6%[19] - The total liabilities as of the end of the third quarter of 2021 were ¥731,338,143.62, down from ¥860,457,117.83 at the end of the same period in 2020, a decrease of 15.0%[20] - The company's non-current liabilities decreased from RMB 167,287,168.52 to RMB 48,077,333.38, indicating a significant reduction of about 71.2%[19] - Total liabilities amounted to ¥860,457,117.83, a decrease of ¥6,463,761.77 compared to the previous period[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥212,321,769.24, an increase of 35.43% compared to the same period last year[9] - Cash flow from operating activities for the first three quarters of 2021 totaled ¥705,267,241.10, compared to ¥530,578,422.31 in 2020, marking an increase of 32.9%[25] - The net cash flow from operating activities for Q3 2021 was CNY 212,321,769.24, an increase of 35.4% compared to CNY 156,779,416.89 in Q3 2020[28] - The net cash flow from financing activities was -CNY 185,637,236.79, worsening from -CNY 83,631,910.96 in Q3 2020[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,159[11] - The largest shareholder, Zhejiang Jinshi Industrial Co., Ltd., held 50.27% of the shares, amounting to 156,636,324 shares[11] Operational Changes - The company experienced a slight decline in net profit for Q3 2021 primarily due to increased R&D expenses and a decrease in product prices compared to the previous year[7] - Research and development expenses for the third quarter of 2021 were ¥17,387,486.70, significantly higher than ¥9,555,537.35 in the same quarter of 2020, representing an increase of 82.5%[24] - The company completed a capital contribution of RMB 51 million in a joint venture with Baosteel and others, holding a 51% stake in the new fluorochemical company[14] - Jinshi Resources acquired a 20% stake in its subsidiary, Zhuangcun Mining, for RMB 25 million, resulting in 100% ownership post-acquisition[14] - The company is progressing with the construction and technical transformation of a fluorite production line, which is expected to meet quality expectations[14] Changes in Assets - The company's current assets decreased to RMB 588,395,746.26 from RMB 660,783,195.78 year-over-year, reflecting a decline of approximately 10.9%[17] - Accounts receivable increased to RMB 104,519,977.19, up from RMB 89,215,984.28, representing a growth of about 17.2%[17] - Inventory rose significantly to RMB 158,644,494.67, compared to RMB 98,280,913.97, marking an increase of approximately 61.3%[17] - The company's non-current assets totaled CNY 1,303,922,783.67, reflecting a minor adjustment due to the new leasing standards[31] Financial Standards - The company has implemented new leasing standards starting from January 1, 2021, affecting the financial statements[30] - The company has implemented new leasing standards effective January 1, 2021, impacting financial statement adjustments[33]