SGP(SH:603586)2021-10-28 16:00Key Financial Data Key Accounting Data and Financial Indicators In Q3 2021, operating revenue increased to 377 million RMB, but net profit attributable to shareholders turned to a loss, with year-to-date cumulative net profit significantly declining to a 40.97 million RMB loss, indicating overall financial deterioration 2021 Q3 and YTD Core Financial Indicators | Indicator | Current Period (Q3) | YoY Change | YTD (as of Report End) | YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 377,206,347.94 | 21.34% | 1,007,685,853.11 | 2.15% | | Net Profit Attributable to Shareholders (RMB) | -1,041,487.71 | -103.89% | -40,965,581.84 | -135.70% | | Net Profit Excluding Non-Recurring Items (RMB) | 4,683,183.65 | -77.06% | 27,507,031.79 | -70.99% | | Net Cash Flow from Operating Activities (RMB) | N/A | N/A | 2,767,003.75 | -98.93% | | Basic EPS (RMB/share) | -0.01 | -107.14% | -0.21 | -136.21% | | Total Assets (RMB) | 2,622,474,368.76 | 0.43% (vs. End of Prior Year) | 2,622,474,368.76 | 0.43% (vs. End of Prior Year) | | Owners' Equity Attributable to Shareholders (RMB) | 2,000,558,418.86 | -7.75% (vs. End of Prior Year) | 2,000,558,418.86 | -7.75% (vs. End of Prior Year) | Non-Recurring Gains and Losses and Their Amounts Year-to-date non-recurring losses totaled 68.47 million RMB, primarily driven by 99.32 million RMB in fair value and investment losses from financial assets, significantly impacting net profit despite government grants YTD Key Non-Recurring Gains and Losses Items | Item | Amount (RMB) | | :--- | :--- | | Fair Value Changes and Investment Income from Financial Assets/Liabilities Held for Trading | -99,315,058.30 | | Government Grants Recognized in Current P&L | 7,164,070.63 | | Other Non-Operating Income and Expenses | 1,529,256.76 | | Gains/Losses from Entrusted Investments/Asset Management | 1,428,294.58 | | Total | -68,472,613.63 | Analysis of Changes in Key Financial Indicators The company attributes the significant year-to-date decline in key financial indicators to RMB appreciation, rising raw material prices, and subsidiary's futures investment losses, with operating cash flow also sharply decreasing due to increased raw material purchases - Net profit attributable to shareholders decreased by 135.70% YoY, primarily due to: * Significant appreciation of RMB against USD * Increase in raw material prices * Subsidiary's futures investment losses11 - Net cash flow from operating activities decreased by 98.93% YoY, mainly due to increased cash payments for raw material purchases11 Shareholder Information Total Number of Common Shareholders and Top Shareholders' Holdings As of the report end, the company had 14,789 common shareholders, with a concentrated ownership structure where the top two shareholders held over 54% of shares, and related party relationships exist among major shareholders - The total number of common shareholders at the end of the reporting period was 14,78913 Top Five Shareholders' Holdings | Shareholder Name | Number of Shares | Shareholding Percentage (%) | | :--- | :--- | :--- | | Shandong Jinqilin Investment Management Co., Ltd. | 90,672,757 | 44.57 | | Sun Zhongyi | 19,300,062 | 9.49 | | Leling Jinfeng Investment Management Co., Ltd. | 7,012,698 | 3.45 | | Guosheng Huaxing Investment Co., Ltd. | 6,300,000 | 3.10 | | Shandong Xinmu Investment Co., Ltd. | 4,691,400 | 2.31 | - Explanation of Shareholder Related Party Relationships: The controlling shareholders of Shandong Jinqilin Investment Management Co., Ltd. and Leling Jinfeng Investment Management Co., Ltd. are Sun Zhongyi and Sun Peng, respectively, who are father and son14 Other Reminders Other Reminders The company reports no other significant operating information requiring special attention from investors during this period - No other significant information regarding the company's operating situation requiring investors' attention during the reporting period15 Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2021, total assets remained stable at 2.62 billion RMB, while total liabilities increased significantly to 620 million RMB due to new borrowings, and owners' equity attributable to the parent company decreased by 7.75% due to losses Balance Sheet Key Item Changes | Item | September 30, 2021 (RMB) | December 31, 2020 (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 2,622,474,368.76 | 2,611,297,356.92 | 0.43% | | Total Liabilities | 619,546,503.05 | 440,344,410.74 | 40.69% | | Total Owners' Equity Attributable to Parent Company | 2,000,558,418.86 | 2,168,616,456.31 | -7.75% | Consolidated Income Statement In the first three quarters of 2021, total operating revenue grew to 1.01 billion RMB, but a significant increase in operating costs, coupled with substantial investment losses and reduced fair value gains, led to a 60.15 million RMB operating loss and a 40.97 million RMB net loss attributable to parent company shareholders Income Statement Key Item Changes (2021 Q1-Q3 vs 2020 Q1-Q3) | Item | 2021 Q1-Q3 (RMB) | 2020 Q1-Q3 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,007,685,853.11 | 986,440,485.11 | 2.15% | | Operating Cost | 838,178,624.16 | 668,999,182.11 | 25.29% | | Investment Income | -101,023,010.61 | 18,259,241.76 | -653.26% | | Operating Profit | -60,145,625.18 | 136,171,602.86 | -144.17% | | Net Profit Attributable to Parent Company Shareholders | -40,965,581.84 | 114,743,098.62 | -135.70% | Consolidated Cash Flow Statement In the first three quarters of 2021, net cash flow from operating activities sharply declined to 2.77 million RMB due to increased raw material payments, while investing activities resulted in a 172 million RMB net outflow, leading to a 106 million RMB net decrease in cash and cash equivalents Cash Flow Statement Key Item Changes (2021 Q1-Q3 vs 2020 Q1-Q3) | Item | 2021 Q1-Q3 (RMB) | 2020 Q1-Q3 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 2,767,003.75 | 257,479,897.45 | -98.93% | | Net Cash Flow from Investing Activities | -172,140,400.11 | 14,531,851.71 | -1284.58% | | Net Cash Flow from Financing Activities | 23,601,992.84 | -264,640,197.10 | N/A | | Net Increase in Cash and Cash Equivalents | -106,390,837.20 | 6,890,006.09 | -1644.13% |