SAL(SH:603970)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 2,597,769,680.75, representing a year-on-year increase of 58.12%[4] - The net profit attributable to shareholders for the same period was CNY 25,159,404.81, up 69.24% compared to the previous year[4] - The basic earnings per share for Q3 2021 was CNY 0.1311, reflecting a 69.38% increase year-on-year[4] - The company reported a 44.22% increase in operating revenue for the year-to-date period, totaling CNY 7,474,949,819.35[4] - Net profit for the first three quarters of 2021 was ¥163,476,069.65, representing a 29.2% increase from ¥126,496,544.10 in the previous year[19] - The profit attributable to shareholders of the parent company was ¥136,891,789.92, up 27.3% from ¥107,519,459.79 in the same period last year[19] - The company reported a total comprehensive income of ¥207,829,274.98, compared to ¥126,642,731.12 in the same period last year, marking a growth of 64.0%[19] Assets and Liabilities - Total assets at the end of Q3 2021 reached CNY 5,062,440,104.36, a 25.81% increase from the end of the previous year[5] - The total liabilities increased to ¥3,792,509,328.96, up from ¥2,880,570,574.28, indicating a growth of 31.7%[16] - Total equity attributable to shareholders increased by 12.06% to CNY 1,148,915,674.90 compared to the end of the previous year[5] - The company reported a significant increase in accounts receivable by 83.66%, attributed to sales growth during the period[8] - Total assets increased to ¥5,062,440,104.36 from ¥4,024,012,103.50 year-over-year, showing overall growth in asset base[15] - The total current liabilities include other current liabilities of ¥108.45 million, indicating operational obligations[26] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY -987,527,063.95, indicating a significant cash drain[4] - Operating cash inflow for the first three quarters of 2021 reached ¥6,190,735,001.61, a 46.5% increase from ¥4,214,546,833.45 in the same period of 2020[21] - Net cash outflow from operating activities was ¥987,527,063.95, compared to a net outflow of ¥493,461,211.81 in the first three quarters of 2020[21] - Cash inflow from financing activities was ¥1,275,085,900.00, down from ¥1,406,800,000.00 in the same period last year, with net cash flow from financing activities decreasing to ¥44,626,982.73 from ¥578,656,032.08[22] Research and Development - Research and development expenses increased by 53.37% in Q3 2021, highlighting the company's commitment to innovation[9] - Research and development expenses for the first three quarters were ¥16,974,714.13, an increase of 53.1% from ¥11,067,693.84 in the previous year[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,942[11] - The largest shareholder, China Agricultural Production Materials Group, holds 96,480,000 shares, representing 50.25% of total shares[11] Inventory and Accounts - Inventory rose to ¥1,662,140,789.89 compared to ¥1,236,361,302.22 in the previous year, reflecting increased stock levels[14] - Accounts receivable increased to ¥861,839,580.71 from ¥469,270,487.37 year-over-year, indicating a significant rise in credit sales[14] - The company reported a significant increase in accounts payable, which rose to ¥629,383,458.26 from ¥369,826,795.88 year-over-year[15] Financial Management - The weighted average return on equity rose to 2.33%, an increase of 0.78 percentage points compared to the previous year[4] - The company’s financial expenses decreased significantly to ¥18,780,562.81 from ¥48,607,606.94, a reduction of 61.4%[18] - The company has a long-term liability of ¥5.82 million, indicating a manageable debt level[26] - The capital reserve stood at ¥298.02 million, showcasing the company's financial strength[26] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[13] - The company received tax refunds totaling ¥103,336,370.29, compared to ¥50,959,693.08 in the previous year[21] - The company reported an undistributed profit of ¥438.93 million, indicating retained earnings for future growth[26]