CCG(SH:605099)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥583,633,431.17, representing an increase of 8.15% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥104,044,419.03, a decrease of 22.17% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥99,311,825.29, down 23.81% from the previous year[6]. - The basic earnings per share for Q3 2021 was ¥0.26, a decline of 29.72% year-over-year[9]. - Total operating revenue for the first three quarters of 2021 reached ¥1,748,909,955.02, an increase of 30.2% compared to ¥1,343,201,249.14 in the same period of 2020[40]. - Net profit for the first three quarters of 2021 was ¥320,441,955.54, a slight increase from ¥313,866,632.20 in the same period of 2020[43]. - The total comprehensive income for the first three quarters was ¥324,688,844.08, compared to ¥305,642,640.18 in the previous year, reflecting an increase of 6.2%[46]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date period was ¥139,954,711.51, showing a significant decrease of 51.87% compared to the same period last year[9]. - The cash inflow from operating activities for the first three quarters of 2021 was CNY 1,853,721,277.60, an increase of 31.5% compared to CNY 1,409,326,846.56 in the same period of 2020[48]. - The net cash outflow from operating activities was CNY 139,954,711.51, a decrease of 51.9% compared to CNY 290,761,167.61 in the previous year[51]. - The total assets attributable to shareholders at the end of the reporting period were ¥2,293,242,169.73, an increase of 10.76% from the end of the previous year[9]. - The total current assets rose to RMB 1,394,585,477.34, compared to RMB 1,329,577,011.52, indicating an increase of about 4.9%[32]. - The company reported a significant increase in long-term assets, totaling RMB 898,656,692.39, up from RMB 740,804,355.91, which is an increase of approximately 21.4%[32]. - The cash and cash equivalents decreased to RMB 400,225,206.78 from RMB 426,389,558.52, a decline of about 6.4%[29]. Liabilities and Equity - The company's total liabilities rose to ¥341,783,014.66, compared to ¥252,342,967.73 in the previous year, indicating a growth of 35.4%[39]. - The total equity attributable to shareholders increased to ¥1,951,459,155.07 from ¥1,818,038,399.70, marking a growth of 7.3%[39]. - Owner's equity totaled 1,818,038,399.70, with undistributed profits at 772,350,909.86[60]. - The total liabilities increased from 265,603,066.21 to 252,342,967.73, reflecting a decrease in non-current liabilities[60]. Production and Investment - The company experienced strong demand for leisure grass products, contributing to rapid growth in main business revenue[12]. - The company plans to invest RMB 82,381 million in expanding its production base in Vietnam, aiming for an annual production capacity of 50 million square meters of artificial turf[26]. - The production capacity utilization in Vietnam has recovered to around 75% as of the report date, following the easing of COVID-19 restrictions[23]. - The company is facing production challenges in Vietnam due to COVID-19, which has affected its operational capacity[23]. Research and Development - Research and development expenses increased to ¥63,839,742.44 in 2021 from ¥42,920,013.63 in 2020, reflecting a growth of 48.7%[43]. Stock and Incentives - The company granted 287,000 restricted stock units at a price of RMB 14.61 per share to 30 eligible participants as part of its incentive plan[27].