松炀资源(603863) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥133,454,440.57, a decrease of 1.69% compared to the same period last year[7] - The net profit attributable to shareholders for Q3 2021 was -¥5,172,682.52, representing a decline of 126.00% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was -¥7,092,068.44, down 138.08% compared to the same period last year[7] - Total operating revenue for the first three quarters of 2021 reached ¥398,338,516.96, a 16.77% increase from ¥341,174,164.70 in the same period of 2020[36] - Net profit for the first three quarters of 2021 was ¥14,211,717.64, a decrease of 72.05% compared to ¥50,820,882.71 in the previous year[39] - Total comprehensive income for the first three quarters of 2021 was ¥14,020,488.10, significantly lower than ¥50,722,182.71 in the previous year[41] Earnings Per Share - The basic earnings per share for Q3 2021 was -¥0.03, a decrease of 126.00% compared to the same period last year[11] - The diluted earnings per share for Q3 2021 was also -¥0.03, reflecting the same decline as basic earnings per share[11] - The company reported a basic earnings per share of ¥0.07 for the first three quarters of 2021, down from ¥0.25 in the same period of 2020[41] Cash Flow - The cash flow from operating activities for the year-to-date was -¥23,518,379.93, a decrease of 172.74%[11] - Cash flow from operating activities showed a net outflow of ¥23,518,379.93, contrasting with a net inflow of ¥32,333,791.26 in the previous year[46] - Investment activities generated a net cash inflow of ¥4,374,207.45, a recovery from a net outflow of ¥348,349,981.76 in the previous year[46] - The net cash flow from financing activities was 104,140,140.13, compared to 114,504,963.17 in the previous period, indicating a decrease of approximately 1.2%[48] - The total cash outflow from financing activities amounted to 243,795,804.62, up from 146,192,665.57, reflecting an increase of about 66.7%[48] - The net increase in cash and cash equivalents was 84,804,738.11, contrasting with a decrease of 201,609,927.33 in the prior period[48] - The ending balance of cash and cash equivalents reached 315,278,650.00, compared to 255,457,145.28 at the end of the previous period, marking an increase of approximately 23.4%[48] - The initial balance of cash and cash equivalents was 230,473,911.89, indicating a significant liquidity position at the start of the period[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,782,163,284.78, an increase of 10.52% compared to the end of the previous year[11] - The company's current assets totaled CNY 546.53 million, a decrease from CNY 793.30 million at the end of 2020, indicating a decline of approximately 30.9%[26] - The company's total liabilities reached CNY 593.76 million, up from CNY 437.31 million at the end of 2020, marking an increase of approximately 35.8%[32] - The company's equity attributable to shareholders at the end of the reporting period was ¥1,187,692,850.18, an increase of 1.12% year-on-year[11] - The company's equity attributable to shareholders was CNY 1.19 billion, slightly up from CNY 1.17 billion at the end of 2020, showing a growth of about 1.0%[32] - The company's retained earnings as of September 30, 2021, were CNY 367.70 million, up from CNY 353.48 million, indicating an increase of about 4.0%[32] Inventory and Receivables - The company's inventory increased significantly to CNY 85.72 million from CNY 30.89 million year-over-year, representing a growth of approximately 177.5%[26] - The company's accounts receivable rose to CNY 89.56 million from CNY 69.70 million, indicating an increase of about 28.5%[26] Operating Costs and Expenses - Total operating costs increased to ¥393,850,820.31, up 30.91% from ¥300,722,372.96 year-over-year[36] - Research and development expenses rose to ¥14,563,700.92, reflecting a 32.57% increase from ¥10,951,898.83 in the same period last year[36] - The company's financial expenses decreased to ¥1,246,561.84, down from ¥3,403,446.96 in the same period last year[36] Competition and Strategic Initiatives - The company is preparing for trial production and launch of two new projects, which has led to increased personnel costs[14] - The decline in profit margins is attributed to increased competition from newly established paper mills in the region[14] - The company reported a long-term investment of CNY 100 million, which was not present in the previous year's report[30] - The company's short-term borrowings decreased to CNY 140.27 million from CNY 162.20 million, reflecting a reduction of approximately 13.5%[32]