Sobute New Materials (SH:603916)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥1,185,144,185.04, representing a 16.29% increase compared to the same period last year[6]. - Net profit attributable to shareholders was ¥150,980,915.63, an increase of 11.41% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥143,141,209.28, reflecting a 6.63% increase from the previous year[6]. - Basic earnings per share for the quarter was ¥0.36, down from ¥0.44 in the same quarter last year[6]. - Total operating revenue for the first three quarters of 2021 reached RMB 3,232,481,646.48, an increase from RMB 2,450,644,687.55 in the same period of 2020, representing a growth of approximately 31.9%[22]. - Gross profit for the first three quarters of 2021 was RMB 466,377,241.18, up from RMB 415,853,154.11 in 2020, reflecting a growth of approximately 12.1%[22]. - Total comprehensive income for Q3 2021 was CNY 417,494,323.86, compared to CNY 334,510,512.82 in Q3 2020, showing an increase of approximately 24.8%[24]. - Basic earnings per share for Q3 2021 were CNY 0.87, up from CNY 0.81 in Q3 2020, representing a growth of about 7.4%[24]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥110,718,700.37, a significant decrease of 59.94% compared to the same period last year[6]. - The net cash flow from operating activities for the first three quarters of 2021 was CNY 110,718,700.37, down from CNY 276,399,617.46 in the previous year, indicating a decrease of about 60%[27]. - The company reported a net cash outflow from investing activities of CNY 451,606,137.61 for Q3 2021, compared to a net outflow of CNY 221,802,283.07 in the same period last year, indicating a significant increase in investment expenditures[28]. - Cash and cash equivalents at the end of Q3 2021 totaled CNY 519,483,804.89, down from CNY 905,046,255.76 at the end of Q3 2020, reflecting a decrease of approximately 42.6%[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,956,503,106.73, an increase of 8.48% from the end of the previous year[7]. - Total liabilities as of September 30, 2021, were RMB 2,901,872,545.32, compared to RMB 2,647,660,888.70 at the end of 2020, indicating an increase of about 9.6%[19]. - The company's total equity as of September 30, 2021, was RMB 4,054,630,561.41, compared to RMB 3,764,859,488.05 at the end of 2020, indicating a growth of approximately 7.7%[20]. - The company's total liabilities increased to CNY 1,698,644,940.61 in Q3 2021, compared to CNY 1,778,944,564.52 in Q3 2020, showing a decrease of approximately 4.5%[28]. - Total current liabilities were approximately CNY 2.49 billion, indicating a decrease of 0.07% from the previous period[32]. Shareholder Information - Shareholders' equity attributable to the parent company was ¥3,738,896,240.91, up 7.96% year-on-year[7]. - The total number of ordinary shareholders at the end of the reporting period was 17,083[13]. Research and Development - Research and development expenses for the first three quarters of 2021 amounted to RMB 146,927,100.23, compared to RMB 109,161,966.29 in 2020, marking an increase of about 34.7%[22]. Inventory and Receivables - Inventory as of September 30, 2021, was RMB 387,947,639.72, up from RMB 315,015,991.95 at the end of 2020, reflecting an increase of about 23%[18]. - Accounts receivable stood at approximately CNY 1.98 billion, consistent with the previous reporting period[30]. Accounting Standards - The company has implemented new leasing standards effective January 1, 2021, impacting financial reporting but not retroactively adjusting prior periods[34]. - The company has opted for simplified treatment for low-value and short-term leases, not recognizing right-of-use assets and lease liabilities[34].