JAHB(SH:603822)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥526,288,278.47, representing a year-on-year increase of 36.32%[5] - The net profit attributable to shareholders for Q3 2021 was ¥27,888,207.48, a significant increase of 170.96% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥27,618,586.25, up 233.78% year-on-year[5] - The basic earnings per share for Q3 2021 was ¥0.3825, reflecting a growth of 172.64% compared to the previous year[6] - The diluted earnings per share for Q3 2021 was ¥0.3743, an increase of 166.75% year-on-year[6] - The net profit attributable to shareholders for the year-to-date period reached ¥71,552,587.74, up 119.31% from the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,249,205,421.52, a significant increase of 47.8% compared to ¥845,665,438.94 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was ¥72,722,502.28, representing a 108.9% increase from ¥34,795,890.56 in the same period of 2020[20] - Earnings per share for the first three quarters of 2021 were ¥0.9815, compared to ¥0.4448 in the same period of 2020[21] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥2,255,711,274.85, marking a 10.86% increase from the end of the previous year[6] - Total assets as of September 30, 2021, amounted to RMB 2,255,711,274.85, an increase from RMB 2,034,707,033.21 as of December 31, 2020, reflecting a growth of approximately 10.85%[15] - Current assets totaled RMB 1,003,799,669.75, compared to RMB 953,590,187.67 in the previous year, indicating an increase of about 5.25%[16] - Total liabilities reached RMB 1,351,610,018.52, up from RMB 1,169,950,392.36, marking an increase of around 15.5%[17] - The company’s total equity as of September 30, 2021, was RMB 904,101,255.33, compared to RMB 864,756,640.85 at the end of 2020, indicating an increase of approximately 4.55%[17] - The company's total liabilities to total assets ratio is approximately 57.6%, indicating a moderate level of leverage[29] Cash Flow and Investments - Cash flow from operating activities for the first three quarters of 2021 was ¥158,843.87, a recovery from a negative cash flow of -¥50,942,193.99 in the same period of 2020[23] - The company incurred a net cash outflow from investing activities of -¥179,177,045.95 in the first three quarters of 2021, compared to -¥170,553,197.38 in the previous year[23] - The net cash flow from financing activities was 46,423,122.94 RMB, a decrease of 82.8% compared to 269,582,418.70 RMB in the previous period[24] - The total cash and cash equivalents at the end of the period amounted to 163,755,947.80 RMB, down from 235,291,091.60 RMB, reflecting a net decrease of 132,080,777.77 RMB[24] Shareholder Information - The number of common shareholders at the end of the reporting period was 73,362,532[12] - The top shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 40.67% of the shares, totaling 29,835,498 shares[12] Operational Insights - The company attributed the revenue growth to improved market demand and increased sales prices of chemical products due to the recovery from the global pandemic[10] - The company reported government subsidies of ¥338,097.67 for the current period, contributing to the overall financial performance[8] - The company reported a significant increase in cash received from sales, totaling ¥1,213,917,279.78 for the first three quarters of 2021, compared to ¥830,268,574.25 in the same period of 2020[22] - The company reported a significant increase in accounts receivable, which rose to RMB 49,934,307.58 from RMB 38,057,007.46, reflecting a growth of about 31.5%[16] Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥39,775,181.53, an increase of 43% from ¥27,794,825.89 in the previous year[19] Inventory and Debt Management - Inventory increased to RMB 514,408,906.60 from RMB 377,626,868.08, representing a growth of approximately 36.2%[16] - Short-term borrowings were reported at RMB 667,058,242.52, slightly up from RMB 654,534,460.32, showing a growth of about 1.8%[17] - Cash paid for debt repayment was 637,516,701.46 RMB, an increase of 39.3% from 458,027,954.92 RMB[24] - The company has implemented new leasing standards starting from 2021, affecting the financial statements[24]