Financial Performance - The company's operating revenue for Q3 2021 was CNY 2,329,733,936.57, representing a year-on-year increase of 39.79%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 37,658,471.83, a decrease of 63.14% compared to the same period last year[5] - The basic earnings per share for Q3 2021 was CNY 0.07, down 66.67% year-on-year due to increased share capital dilution[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 33,746,473.73, a decline of 64.00% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥6,326,544,935.21, a significant increase of 43.9% compared to ¥4,397,246,812.66 in the same period of 2020[20] - Net profit for the first three quarters of 2021 was ¥196,060,516.69, a decrease of 3.2% from ¥202,513,595.10 in the same period of 2020[22] - Basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.38, down from ¥0.47 in the previous year[23] - The company reported a total profit of ¥229,197,245.05 for the first three quarters of 2021, compared to ¥236,328,639.40 in the same period of 2020[22] - The company’s total operating profit for the first three quarters of 2021 was ¥229,991,323.54, slightly down from ¥236,197,879.72 in the previous year[22] Assets and Liabilities - Total assets at the end of Q3 2021 reached CNY 3,408,794,496.44, reflecting a 32.48% increase from the end of the previous year[6] - The company's total assets as of September 30, 2021, amounted to RMB 3,408,794,496.44, an increase from RMB 2,572,983,379.64 at the end of 2020, representing a growth of approximately 32.4%[16][18] - Current assets totaled RMB 2,894,159,292.39, compared to RMB 2,077,770,425.28 at the end of 2020, indicating an increase of about 39.3%[16][18] - The company's total liabilities increased to RMB 1,345,904,652.70 from RMB 607,804,052.59, representing a growth of about 121.5%[18] - The total equity attributable to shareholders at the end of Q3 2021 was CNY 2,062,889,843.74, a 4.97% increase from the end of the previous year[6] - The company's equity attributable to shareholders rose to RMB 2,062,889,843.74 from RMB 1,965,179,327.05, an increase of approximately 5%[18] Cash Flow - The cash flow from operating activities showed a net outflow of CNY 185,084,703.54 for the period[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥7,147,979,186.06, an increase of 47.0% compared to ¥4,859,005,048.26 in the same period of 2020[24] - Net cash outflow from operating activities was 7,333,063,889.60, compared to 4,735,013,555.98 in the previous period[26] - The total cash and cash equivalents at the end of the period was 126,238,292.55, down from 550,250,893.23 in the previous period[27] - Cash paid to employees was 111,802,037.04, an increase from 61,378,685.51 in the previous period[26] - Cash paid for taxes was 63,596,924.12, compared to 39,557,359.94 in the previous period[26] Inventory and Receivables - Accounts receivable rose to RMB 87,283,980.18 from RMB 45,297,027.70, reflecting an increase of about 92.9% year-over-year[16][18] - Inventory levels surged to RMB 1,759,834,662.07, up from RMB 804,728,579.44, marking an increase of approximately 118.5%[16][18] Business Strategy and Challenges - The company faced challenges due to the cancellation of export tax rebates for certain products, impacting third-quarter performance compared to the previous year[13][14] - The company is actively adjusting its business strategy to strengthen domestic market promotion and expand its marketing network in response to policy changes[14][13] - The company plans to mitigate the impact of power restrictions and export tax changes by developing new products and enhancing operational efficiency[14] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥200,001,760.02, up 39.5% from ¥143,357,370.65 in the previous year[20] Operating Costs - Total operating costs for the first three quarters of 2021 were ¥6,109,239,523.08, up 46.4% from ¥4,173,548,042.04 in the previous year[20]
华达新材(605158) - 2021 Q3 - 季度财报