杭州热电(605011) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥755,238,883.34, representing a year-on-year increase of 32.05%[7] - The net profit attributable to shareholders for Q3 2021 was ¥55,649,661.16, a decrease of 22.77% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥46,737,852.31, down 24.78% year-on-year[11] - The basic earnings per share for Q3 2021 was ¥0.14, reflecting a decline of 30.46% compared to the previous year[11] - Total operating revenue for the first three quarters of 2021 reached ¥2,147,118,185.36, a 44.4% increase from ¥1,485,217,895.89 in the same period of 2020[34] - Net profit for the first three quarters of 2021 was ¥245,525,725.86, representing a 21.5% increase compared to ¥201,922,959.42 in 2020[34] - Earnings per share for the first three quarters of 2021 was ¥0.51, compared to ¥0.43 in the same period of 2020[36] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥3,747,301,327.12, an increase of 6.15% from the end of the previous year[11] - Total assets as of September 30, 2021, were RMB 3.75 billion, up from RMB 3.53 billion, indicating a growth of 6.1%[28] - The company’s total liabilities decreased to ¥1,495,445,264.46 from ¥1,635,641,582.35 year-over-year[34] - Total liabilities amounted to approximately ¥1,635.64 million, with current liabilities at ¥1,039.17 million and non-current liabilities at ¥596.47 million[48] - The company’s long-term borrowings stood at ¥422.16 million, indicating a significant portion of non-current liabilities[48] Cash Flow - The cash flow from operating activities for the year-to-date was ¥296,070,092.88, showing a decrease of 6.85% compared to the previous year[11] - Cash flow from operating activities for the first three quarters of 2021 was ¥2,335,070,302.05, an increase from ¥1,706,650,070.05 in 2020[36] - Operating cash inflow totaled CNY 2,369,334,058.29, an increase of 37.06% from CNY 1,729,194,392.33[40] - Net cash flow from operating activities was CNY 296,070,092.88, a decrease of 6.93% compared to CNY 317,914,744.02[40] Costs and Expenses - The decline in net profit was primarily due to the sharp increase in raw material coal prices and the lagging adjustment mechanism for steam prices[17] - Total operating costs for the first three quarters of 2021 were ¥1,951,105,313.82, up 44.4% from ¥1,350,657,132.93 in 2020[34] - Research and development expenses for the first three quarters of 2021 were ¥1,587,798.61, down from ¥2,418,998.41 in 2020[34] Equity - The equity attributable to shareholders increased to ¥1,851,536,216.45, up 20.99% year-on-year[11] - Shareholders' equity increased to ¥2,251,856,062.66 from ¥1,894,453,075.38 year-over-year[34] - The company’s retained earnings were reported at approximately ¥543.79 million, contributing to overall equity growth[48] - The company’s total equity increased due to retained earnings and capital reserves, reflecting positive operational performance[51] Market Conditions and Strategy - The company attributed the increase in operating revenue to a significant rise in coal prices and increased sales volume and prices of steam and electricity[17] - The company plans to continue monitoring market conditions and adjust its pricing strategies accordingly to mitigate the impact of rising costs[17] Current Assets and Liabilities - As of September 30, 2021, total current assets amounted to approximately RMB 1.29 billion, an increase of 24.5% from RMB 1.03 billion on December 31, 2020[24] - Cash and cash equivalents reached RMB 594.96 million, up from RMB 443.58 million, reflecting a growth of 34.2% year-over-year[24] - Accounts receivable increased to RMB 198.76 million from RMB 181.50 million, representing a rise of 9.5%[24] - Inventory grew to RMB 170.61 million, compared to RMB 140.36 million, marking a 21.5% increase[24] - The company’s total current liabilities include employee compensation payable of approximately ¥15.88 million and taxes payable of approximately ¥28.32 million[48]