Wuxi Zhenhua(SH:605319)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 390,595,073.88, representing a year-over-year increase of 4.97%[3] - The net profit attributable to shareholders for Q3 2021 was CNY 23,005,801.51, a decrease of 35.35% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,526,527.46, down 51.34% year-over-year[3] - The basic and diluted earnings per share for Q3 2021 were both CNY 0.12, reflecting a decline of 50.00%[4] - Total operating revenue for the first three quarters of 2021 reached ¥1,048,589,600.90, an increase of 14.1% compared to ¥918,993,001.23 in the same period of 2020[18] - Net profit for Q3 2021 was ¥63,399,273.11, a decrease of 9.4% from ¥70,228,588.31 in Q3 2020[20] - Basic and diluted earnings per share for Q3 2021 were both ¥0.38, down from ¥0.47 in Q3 2020[21] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to CNY 2,881,911,913.01, an increase of 10.80% from the end of the previous year[4] - Total assets as of September 30, 2021, amounted to CNY 2,881,911,913.01, an increase from CNY 2,600,903,397.80 at the end of 2020[15] - Current assets totaled CNY 1,231,366,564.16, slightly up from CNY 1,227,755,586.77 in the previous year[15] - Total liabilities decreased to CNY 1,064,906,478.09 from CNY 1,320,595,710.12, indicating a decline of approximately 19.4%[16] - The total liabilities as of Q3 2021 amounted to ¥1,150,044,542.97, a decrease from ¥1,436,241,298.17 in the previous year[19] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 17,173,014.37, a significant decrease of 92.77%[4] - The net cash flow from operating activities for Q3 2021 was ¥17,173,014.37, a decrease of 92.8% compared to ¥237,376,809.73 in Q3 2020[23] - Cash inflow from operating activities for the first three quarters of 2021 was ¥1,012,221,607.97, compared to ¥905,985,795.55 in the same period of 2020, indicating a growth of 11.7%[22] - Total cash outflow from investing activities was ¥279,998,259.03, up 42% from ¥196,982,889.33 in the same period last year[23] - The net cash flow from financing activities increased to ¥186,762,472.18, compared to a net outflow of ¥51,941,481.97 in Q3 2020[23] Shareholder Equity - Shareholders' equity attributable to the parent company reached CNY 1,731,867,370.04, up 48.70% year-over-year[4] - Owner's equity attributable to shareholders reached ¥1,731,867,370.04, up from ¥1,164,662,099.63 in the same period last year, marking an increase of 48.8%[19] Cost and Expenses - Total operating costs for Q3 2021 were ¥977,360,990.74, up from ¥840,352,746.84 in Q3 2020, reflecting a year-over-year increase of 16.3%[19] - Research and development expenses for Q3 2021 were ¥34,260,432.56, compared to ¥30,649,837.74 in Q3 2020, reflecting a year-over-year increase of 11.8%[19] Market Conditions and Strategy - The company attributed the decline in net profit to rising upstream raw material prices[8] - The company plans to continue monitoring market conditions and adjust its strategies accordingly to mitigate the impact of cost increases[8] Other Information - The company faced no administrative penalties related to environmental issues after a review by local authorities[13][14] - The company has a strong shareholder base, with the top 10 shareholders holding a combined 75.42% of shares[12] - The company implemented new leasing standards starting in 2021, affecting the financial statements[24]