四方新材(605122) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was ¥284,296,706.08, a decrease of 15.05% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥36,413,512.41, down 53.23% year-on-year[5]. - The basic earnings per share were ¥0.21, reflecting a decline of 75.29% compared to the previous year[6]. - The company reported a decrease of 41.78% in net profit attributable to shareholders, mainly due to a decline in average sales prices in the concrete market[10]. - From January to September 2021, the company achieved operating revenue of 792 million RMB, a year-on-year decline of 5.19%, and a net profit attributable to the parent company of 105 million RMB, down 41.78%[15]. - Total revenue for the first three quarters of 2021 was CNY 792,012,631.80, a decrease from CNY 835,405,488.86 in the same period of 2020, representing a decline of approximately 5.2%[26]. - Net profit for the third quarter of 2021 was CNY 105,143,596.06, down from CNY 180,600,861.82 in the previous year, reflecting a decrease of approximately 41.7%[27]. - Operating profit for the third quarter was CNY 116,597,280.52, down from CNY 204,778,527.56, reflecting a decrease of about 43.1%[27]. Assets and Equity - The total assets increased by 50.70% to ¥3,190,629,814.94 compared to the end of the previous year[6]. - The equity attributable to shareholders rose by 123.78% to ¥2,283,670,426.42, primarily due to funds raised from the IPO[6]. - The company's total equity rose to CNY 2,284,705,475.07 from CNY 1,020,513,608.96, an increase of approximately 124.0%[23]. - The company's total current assets amounted to approximately 2.524 billion RMB as of September 30, 2021[20]. - The company's fixed assets were valued at approximately 240 million RMB, with intangible assets at approximately 200 million RMB[20]. Cash Flow - The cash flow from operating activities showed a negative net amount of ¥85,410,684.31 for the year-to-date[6]. - Cash inflow from operating activities for the first three quarters of 2021 was CNY 515,853,907.93, a decrease of 18.4% compared to CNY 632,084,926.23 in the same period of 2020[30]. - Net cash outflow from operating activities was CNY -85,410,684.31, worsening from CNY -54,033,044.60 year-over-year[30]. - Total cash outflow for operating activities was CNY 601,264,592.24, down from CNY 686,117,970.83 in the same period of 2020[30]. - The net increase in cash and cash equivalents was CNY 482,996,139.38, a recovery from a decrease of CNY -45,691,593.13 in the previous year[32]. - The ending balance of cash and cash equivalents was CNY 553,093,278.03, compared to CNY 7,688,074.93 at the end of the previous year[32]. Market Conditions - The company reported a significant impact on revenue, net profit, and gross margin due to the declining prices in the ready-mixed concrete market[16]. - The company noted that the actual transaction prices in the ready-mixed concrete market were still declining, affecting financial performance[16]. - The average tax-inclusive guiding price for ready-mixed concrete (C30 specification) in Chongqing was 421.67 RMB per cubic meter, a decrease of 42.22 RMB per cubic meter compared to the same period last year[15]. Investments and Subsidiaries - The company established a wholly-owned subsidiary, Chongqing Sifang Jiantong Technology Co., Ltd., with a registered capital of 50 million RMB, focusing on the R&D, production, and sales of prefabricated buildings[16]. - On September 9, 2021, the company signed an agreement to acquire 65% of Chongqing Tonglei High-tech Concrete Co., Ltd. for a consideration of 10 RMB, aiming for deep cooperation in related business areas[17]. - As of September 30, 2021, the total amount of raised funds invested was 413.4682 million RMB, with 822.9557 million RMB used for cash management to improve deposit interest rates[17]. Research and Development - Research and development expenses increased significantly to CNY 3,645,261.34 from CNY 1,677,595.53, representing an increase of about 117.5%[27]. Shareholder Information - The company had a total of 19,752 common shareholders at the end of the reporting period[12]. - The diluted earnings per share also decreased by 66.84% due to the increase in share capital from the IPO[10].