Changqing(SH:603768)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥680,882,480.13, representing a year-on-year increase of 14.59%[5] - The net profit attributable to shareholders for Q3 2021 was ¥2,030,963.63, a significant decrease of 93.59% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,278,736.48, reflecting a decline of 104.99% year-on-year[5] - Basic and diluted earnings per share for Q3 2021 were both ¥0.01, down 93.33% from the same period last year[6] - The company reported a year-to-date operating revenue increase of 39.30%, attributed to increased business activities[10] - The decline in net profit was primarily due to high raw material costs impacting operating expenses[10] - Total operating revenue for the first three quarters of 2021 reached ¥2,272,206,348.98, a significant increase from ¥1,631,104,511.89 in the same period of 2020, representing a growth of approximately 39.3%[20] - Net profit for the first three quarters of 2021 was ¥77,332,875.13, up from ¥74,295,415.25 in 2020, reflecting a growth of approximately 4.1%[21] - The total profit for the first three quarters of 2021 was ¥87,046,036.46, compared to ¥92,310,403.89 in 2020, reflecting a decline of approximately 5.5%[21] - The company’s total operating profit for the first three quarters of 2021 was ¥86,688,218.33, down from ¥92,787,118.72 in 2020, indicating a decrease of about 6.7%[21] Cash Flow and Investments - The cash flow from operating activities for the year-to-date period was -¥174,304,395.26, indicating a decrease of 295.41% compared to the previous year[6] - Cash flow from operating activities for the first three quarters of 2021 was negative at -¥174,304,395.26, worsening from -¥44,081,915.42 in 2020[24] - The company reported a credit impairment loss of -¥15,687,022.21 for the first three quarters of 2021, worsening from -¥8,589,901.11 in 2020[20] - In Q3 2021, the company reported cash outflows from investment activities totaling ¥108,156,749.69, with a net cash flow from investment activities of -¥105,926,438.59[25] - The total cash outflow from investment activities was ¥539,171,079.12, highlighting increased investment expenditures[25] - The company raised ¥761,106,772.60 from financing activities, while cash outflows for debt repayment amounted to ¥597,154,478.35[25] - The net cash flow from financing activities was ¥109,216,745.79, contrasting with a negative cash flow of -¥32,697,328.66 in the previous period[25] - The company's cash and cash equivalents decreased by ¥171,014,088.06, ending the period with ¥193,629,350.67[25] - The initial cash and cash equivalents balance was ¥364,643,438.73, indicating a significant reduction during the quarter[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,830,057,987.95, an increase of 5.66% from the end of the previous year[6] - Current assets totaled CNY 1,710,149,110.34, slightly up from CNY 1,663,197,813.52 at the end of 2020, indicating a growth of about 2.8%[14] - The company's cash and cash equivalents decreased to CNY 274,489,669.71 from CNY 485,651,548.80, representing a decline of approximately 43.5%[14] - Accounts receivable increased significantly to CNY 643,548,475.73 from CNY 348,481,345.71, marking an increase of around 84.6%[14] - Inventory rose to CNY 505,708,987.66, up from CNY 380,495,591.63, which is an increase of about 32.9%[14] - Total liabilities reached CNY 2,011,200,631.08, compared to CNY 1,860,554,557.60 at the end of 2020, reflecting an increase of approximately 8.1%[17] - Short-term borrowings increased to CNY 715,634,109.07 from CNY 630,189,550.46, indicating a rise of about 13.5%[16] - The company's equity attributable to shareholders was CNY 1,818,857,356.87, up from CNY 1,764,372,481.74, representing an increase of approximately 3.1%[17] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥55,879,027.48, an increase from ¥43,855,808.89 in 2020, representing a growth of approximately 27.4%[20] Shareholder Information - The company reported a total of 64,999,500 shares held by the largest shareholder, accounting for 31.86% of total shares[13] Other Information - The company has no significant new product launches or technological advancements reported in the current quarter[14] - The company did not apply the new leasing standards starting from 2021, indicating a potential area for future financial reporting adjustments[25]